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Two Indians are still missing following the attack on two ships on Sunday; the IRGC Navy has issued warnings against merchant vessels switching off the automatic identification system to evade detection
The development comes as India continues to closely monitor the safety and well-being of Indian seafarers operating on commercial vessels across the Persian Gulf
Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence, joined Bloomberg's Paul Sweeney and Scarlet Fu to talk about the state of the oil and trade market as the US and Iran continue talks. Iran and the US appeared far apart on a new ceasefire deal or the reopening of the Strait of Hormuz, with Tehran saying itโs sticking to a proposal US Presidentย Donald Trumpย has rejected. Tehran made an offer to reopen the strait within seven days if Washington makes some concessions, which it hasnโt specified. Its leaders have previously said the US must lift a naval blockade and oil sanctions for there to be any progress on allowing more ships through the vital waterway. (Source: Bloomberg)
US President Donald Trump on Saturday rejected a truce deal proposed by Iran that Tehran said could have reopened the Strait of Hormuz to shipping within a week. The waterway is key to the worldโs energy supply and is now central to the conflict between the US and Iran, which is at a stalemate after nearly seven months. โI reject their proposal,โ Trump told reporters outside the White House. โThey want to make a deal where they open the Strait immediately because theyโre losing so badly. โThey...