Brent crude has fallen to levels last seen before the Iran war as shipping through the Strait of Hormuz gradually resumes. The rebound in traffic follows a U.S.-Iran memorandum setting up 60 days of negotiations, though disputes over fees and vessel authorization remain.
Posts tagged as “Iranian Revolutionary Guard Corp”
U.S. officials say Washington and Tehran have digitally signed a memorandum to extend a ceasefire, reopen the Strait of Hormuz and begin nuclear negotiations. The deal’s effect on Lebanon remains uncertain as Israel says it is not bound by the agreement.
Iran’s Revolutionary Guards said they struck US military targets in Bahrain, Kuwait and Jordan after American attacks on Iranian sites near the Strait of Hormuz. Jordan said it intercepted five missiles, while US officials told Reuters nearly all Iranian missiles and drones were stopped.
U.S. forces intercepted Iranian missiles and drones aimed at the Strait of Hormuz, Kuwait and Bahrain as talks with Tehran stalled. Fighting in Lebanon between Israel and Hezbollah is further complicating efforts to end the wider conflict.
The U.S. and Iran exchanged military strikes over the weekend amid ongoing ceasefire talks, with Kuwait intercepting missile and drone attacks. President Trump expressed optimism about a potential deal despite continued hostilities.
The U.S. military conducted defensive strikes on an Iranian military site near Bandar Abbas, shooting down four drones and targeting a control station amid fragile ceasefire talks. President Trump emphasized keeping the Strait of Hormuz open while rejecting Iranian claims of a preliminary deal.
The U.S. conducted self-defense strikes near the Strait of Hormuz targeting Iranian missile sites and boats amid ongoing peace talks. Despite the strikes, Secretary of State Marco Rubio says a deal with Iran remains possible within days.
President Trump rejects Iran's response to a U.S. peace proposal as talks stall amid ongoing tensions in the Persian Gulf. Despite ceasefire efforts, hostilities continue with threats and drone attacks, while diplomatic negotiations and economic pressures persist.