The Trump administration is reviewing a proposed peace plan tied to Iran that would reopen the Strait of Hormuz, with nuclear negotiations potentially pushed to a later phase. This marks day 60 of the Iran war, as diplomatic activity picks up pace around a sequenced approach: first resolve the strait, then tackle the nuclear question. The Strait of Hormuz is one of the world's most critical oil shipping lanes, handling roughly 20% of global oil trade. Any disruption there sends crude prices sharply higher; a resolution would ease that pressure. The reported plan suggests the U.S. side may accept a phased framework rather than demanding a comprehensive deal upfront. Delaying nuclear talks to a later stage is a significant concession in structure, if not in substance. It signals a possible willingness to separate immediate military and economic flashpoints from the longer-term proliferation question. Energy markets and Gulf states will be watching whether the Hormuz piece can be locked in independently. No timeline or final terms have been confirmed. The review phase means this remains a live negotiation, not a settled agreement.
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
