Qatar's foreign ministry said mediators including Qatar, Pakistan, and Oman have reached "very progressive stages" in efforts to end the US-Iran war, pushing Brent crude down more than four percent.

23d ago · 4 min · Global Affairs

US Central Command completed a heavy wave of strikes on Islamic Revolutionary Guard targets in Iran on Thursday, retaliating for Iranian missile attacks on US bases in Jordan. The escalation has closed off near-term diplomacy and widened fighting across Iraq, Lebanon, and the Strait of Hormuz.

28d ago · 4 min · Global Affairs

Oil prices jumped roughly 5% after President Trump posted on social media that the U.S. would be reimbursed for helping ships transit the Strait of Hormuz, signaling a reimposed naval blockade on Iranian oil.

1mo ago · 3 min · Global Affairs

Islamabad is the frontrunner to host US-Iran technical talks on July 11, diplomatic sources told Dawn, with Switzerland's Burgenstock as the backup option. The talks aim to advance the 60-day framework set by the Islamabad MOU, covering Iran's nuclear programme, sanctions relief, and Strait of Hormuz security.

1mo ago · 4 min · Global Affairs

Brent crude fell to $73.98 and WTI dropped below $70 on Wednesday as 20 million barrels cleared the Strait of Hormuz in 24 hours and the US authorised Iranian oil sales.

2mo ago · 4 min · Markets

US Vice President JD Vance rebuked Israeli critics of the US-Iran memorandum of understanding signed at Versailles, warning Israeli lawmakers not to attack their "only powerful ally." The deal opens the Strait of Hormuz and starts a 60-day timeline for a final agreement, with Iran's sanctions relief contingent on

2mo ago · 4 min · Global Affairs

Oil prices fell Friday after President Trump announced a framework agreement with Iran, raising hopes of eased Middle East tensions and more Iranian crude supply. Tehran's pushback on the deal's characterisation keeps the outcome uncertain, and markets may reverse course if talks stall.

2mo ago · 3 min · Global Affairs

President Donald Trump announced a formal US-Iran deal will be signed on Sunday, June 21, 2026. The agreement could reshape Middle East diplomacy, affect global oil supply, and reprice markets sensitive to regional stability.

2mo ago · 3 min · Global Affairs

Oil prices eased after reports emerged that the US and Iran may be nearing a ceasefire deal, reducing the geopolitical risk premium in crude markets. A formal agreement could eventually lead to more Iranian oil supply, pressuring prices further.

3mo ago · 3 min · Global Affairs

Oil prices slipped while stocks edged higher as traders awaited President Trump's decision on a potential US-Iran nuclear deal. A completed agreement could return Iranian crude to global markets, pressuring oil prices even as reduced geopolitical risk supports equities.

3mo ago · 3 min · Global Affairs

President Trump said a Memorandum of Understanding with Iran on a peace deal is largely negotiated. If finalized, the agreement could trigger sanctions relief, reshape Middle East geopolitics, and push global oil prices lower.

3mo ago · 3 min · Global Affairs

Trump and Xi are meeting for a summit where trade deals, including possible Chinese purchases of U.S. farm goods or Boeing aircraft, are the most likely early outcomes.

3mo ago · 4 min · Global Affairs

President Trump rejected Iran's latest ceasefire proposal, saying it lacked nuclear concessions, and called the peace process "life support." The White House announced new sanctions and Trump scheduled a meeting with senior military commanders to weigh next steps.

3mo ago · 3 min · Global Affairs

President Trump has rejected Iran's response to a US peace proposal, stalling negotiations and leaving the Middle East conflict without a diplomatic path forward. The breakdown raises the risk of escalation and adds uncertainty to regional oil supply.

3mo ago · 2 min · Global Affairs

Brent crude jumped $3.18 to $104.47 a barrel after US-Iran peace talks collapsed, adding to Friday's gains for a roughly 4% two-day rally. The breakdown removes the prospect of fresh Iranian supply and adds a geopolitical risk premium to oil markets.

3mo ago · 2 min · Global Affairs

Trump is expected to press Xi Jinping on China's purchases of Iranian oil during an upcoming summit between the two leaders. A credible commitment from Beijing could tighten global oil supply and weaken Iran's financial position ahead of ongoing nuclear talks.

3mo ago · 2 min · Global Affairs

Iran has warned countries and firms against complying with US sanctions, as a commercial vessel was struck off Qatar and drone attacks were reported in the UAE and Kuwait. The simultaneous events raise regional security risk and could push up shipping insurance costs and energy supply concerns.

3mo ago · 2 min · Global Affairs

Oil prices dropped after reports that the US and Iran are nearing a peace agreement, which could lift sanctions and allow more Iranian crude into global markets. Higher expected supply is pushing prices lower, with potential relief for oil-importing economies like India.

3mo ago · 2 min · Global Affairs

Iran confirmed the US has responded to its latest nuclear proposal, though neither side revealed the contents. President Trump said before reviewing it Saturday that he could not imagine it would be acceptable, signaling a wide gap remains.

3mo ago · 2 min · Global Affairs

US sanctions are blocking approximately 1.8 million barrels per day of Iranian crude oil from global markets. The supply squeeze puts upward pressure on global oil prices and cuts a key revenue source for Tehran.

3mo ago · 2 min · Global Affairs