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strait of hormuz

Crude extends gains, stocks drop as Trump considers latest Iran proposal

Crude extends gains, stocks drop as Trump considers latest Iran proposal

Oil prices jumped and stocks sank Tuesday as Donald Trump weighed an Iranian proposal that would reportedly re-open the Strait of Hormuz and end the eight-week-old war. Investors were also gearing up for key central bank meetings and earnings reports from Wall Street giants this week. Tehran

US says examining latest Iran proposal

US says examining latest Iran proposal

The White House said on Monday that it was examining Iran's latest proposal to unblock the Strait of Hormuz, two months after a US and Israeli offensive sent shockwaves through the global economy. Peace talks between the United States and Iran to end the Middle East war and

S. Korea probes syringe hoarding as war hits plastic makers

S. Korea probes syringe hoarding as war hits plastic makers

South Korean police said on Tuesday they were investigating firms suspected of hoarding medical syringes, as the Middle East war hits supplies of an oil-derived component crucial for making many plastic goods. The US-Israeli strikes on Iran and the virtual closure of the Strait of Hormuz have rattled

French FM says Iran must make 'major concessions' to end crisis

French FM says Iran must make 'major concessions' to end crisis

France said Monday that Iran must be ready to make "major concessions" to end a crisis, as countries piled pressure on Tehran at a UN session on its control of the key Strait of Hormuz. "There can be no lasting solution to this crisis unless the Iranian

Oil rises, stocks mixed as US-Iran peace talk hopes dim

Oil rises, stocks mixed as US-Iran peace talk hopes dim

Oil prices rose and stock markets moved unevenly on Monday as the prospect of Iran peace talks remained stalled, ahead of a week full of central bank decisions and corporate earnings. Iranian Foreign Minister Abbas Araghchi's visit to Islamabad had fanned hopes for new negotiations with Washington at

UN maritime agency rejects Hormuz tolls

UN maritime agency rejects Hormuz tolls

The head of the UN's maritime agency said Monday there was "no legal basis" for imposing any fees for ships to pass through the Strait of Hormuz. Shipping through the narrow strait has been strangled since the US and Israel attacked Iran in late February. Iran

War in the Middle East: latest developments

War in the Middle East: latest developments

The latest developments in the Middle East war: - Iran FM meets Putin - President Vladimir Putin told Iran's Foreign Minister Abbas Araghchi that Russia would do everything it could to halt the Middle East war, as the two met in Saint Petersburg. "For our part, we will do