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.

2d 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

5d 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.

9d 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.

10d 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.

1mo 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.

1mo 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.

1mo 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.

1mo 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.

1mo 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.

1mo 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.

1mo 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.

1mo 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.

1mo 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.

1mo 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.

1mo 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.

1mo ago · 2 min · Global Affairs

US Treasury Secretary Scott Bessent has ruled out sanctions relief for Russian and Iranian oil, keeping full economic pressure on both countries. The move removes a potential supply boost from global markets and raises costs for countries, including India, that rely on discounted Russian crude.

1mo ago · 3 min · Global Affairs

President Trump described the US Navy's enforcement of a blockade at the Strait of Hormuz as acting "like pirates" and called it "a very profitable business." The strait carries roughly 20% of global oil trade, making any sustained disruption a direct risk to crude prices and Iranian export revenue.

1mo ago · 2 min · Global Affairs

The US warned shipping firms on May 1 that paying Iranian tolls for Strait of Hormuz passage, including digital assets, swaps, or in-kind payments, risks sanctions. The move targets a broad range of payment workarounds and raises compliance costs for shippers, insurers, and commodity traders operating in the region.

1mo ago · 2 min · Global Affairs

Iran has sent a negotiation proposal to the US via Pakistan, acting as a back-channel mediator. The move comes as US naval forces block Iranian crude exports and a sea-channel blockade cuts off roughly 20 percent of global oil and gas supplies.

2mo ago · 2 min · Global Affairs