Fresh US military strikes on southern Iran have cast serious doubt over a fragile ceasefire between Washington and Tehran, while renewed tensions across the Middle East rattled oil markets and complicated diplomatic efforts to end months of conflict. The strikes targeted missile launch sites and boats allegedly attempting to lay naval mines near the Strait […]
Crude Oil Slides to Two-Week Low After Trump Signals Major Iran Breakthrough
Global oil prices dropped sharply on Monday after signs emerged that the United States and Iran were moving closer to a potential peace agreement that could eventually reopen the Strait of Hormuz, one of the world’s most critical energy routes. Brent crude futures fell $4.71, or 4.55%, to settle near $98.83 per barrel. US West […]
Iran Declares Strait of Hormuz Open For Commercial Ships During Ceasefire Period
Iran has announced that the Strait of Hormuz is now “completely open” for commercial shipping, in a development that signals easing tensions in one of the world’s most critical energy chokepoints. In a statement on X, Iranian Foreign Minister Abbas Araghchi announced that, in line with the Lebanon ceasefire, all commercial shipping through the Strait […]