Iran has sent the United States a new proposal that would reopen the Strait of Hormuz while separating that issue from nuclear talks, according to NBC News. The move comes after the Trump administration abruptly cancelled a planned round of negotiations in Pakistan, a sign of rising friction in the diplomatic process. The Strait of Hormuz is the narrow waterway between Iran and Oman through which roughly 20% of global oil supply passes, making any threat to close it a serious market risk. By offering to address the strait separately, Tehran appears to be signaling a willingness to reduce near-term economic pressure without committing on its nuclear program. Whether Washington accepts this sequenced approach is the key question to watch. The Trump administration's sudden cancellation of the Pakistan talks suggests it may resist any framework that sidelines the nuclear issue. Oil markets and global shipping lanes remain sensitive to any further breakdown in these discussions.
Iranian armed forces attacked a cargo ship in the Strait of Hormuz on Thursday, briefly halting traffic through the waterway. The strike threatens a fragile US-Iran arrangement and could push shipping insurance costs and oil prices higher.
The US has struck Iran, with President Trump citing an Iranian attack on a ship in the Strait of Hormuz as justification. The action raises immediate risks for global oil flows through one of the world's most critical shipping chokepoints.
The US struck ten Iranian targets on the second consecutive day of military action, putting a fragile ceasefire under serious pressure. The escalation raises immediate risks for Gulf shipping, global oil supply, and regional stability.
Venezuela's twin earthquakes, magnitudes 7.2 and 7.5, have killed at least 164 people and injured 971, interim president Delcy Rodriguez confirmed Thursday. The quakes are the country's strongest since 1900, collapsing buildings across Caracas and prompting a state of emergency, with the death toll expected to rise as
