Global oil prices jumped to a four-year high of more than US$122 a barrel on Thursday, on concerns that the US-Iran war could worsen and lead to a protracted Middle East oil supply disruption that could hurt global economic growth. The market moved higher after Axios, citing unidentified sources, reported late on Wednesday that US President Donald Trump was slated to receive a briefing on Thursday on plans for a series of military strikes on Iran in hopes it would return to negotiations on its...
Washington and Tehran stick to their positions as mediators hope for a diplomatic breakthrough in US-Israel war on Iran.
Tehran will keep the strategic Strait of Hormuz closed until Washington ends the blockade of Iranian ports.
Iran reopens the Strait of Hormuz with conditions and threatens closure if the US blockade of Iranian ports continues.
Politicians and industry welcome reopening of the vital waterway after throttling of traffic caused oil prices to spike.
Celebrations in Lebanon as a 10-day ceasefire begins, opening the door to talks on a longer-term Israel-Lebanon deal.
US–Iran talks gain pace as Pakistan mediates, optimism for a new round of talks in Islamabad.
The US started a blockade on Iranian ports, but Trump said there is still a chance for Tehran to reach a deal.
The move to blockade the Strait of Hormuz is the latest escalation in the war after failure to sign peace deal.
US-Iran talks in Islamabad end without a deal, with each side blaming the other for the failure.