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strait of hormuz

War in the Middle East: latest developments

War in the Middle East: latest developments

The latest developments in the Middle East war: - Ceasefire takes effect - A 10-day ceasefire agreed between neighboring states Israel and Lebanon took effect at midnight local time (2100 GMT Thursday). Israel has been fighting Hezbollah since the militant group launched rocket attacks in support of Iran last month. Hezbollah

France finance minister says Hormuz must open, G7 ready to mitigate war fallout

France finance minister says Hormuz must open, G7 ready to mitigate war fallout

French Finance Minister Roland Lescure told reporters Thursday that the Strait of Hormuz needs to reopen "but not at any price," adding that G7 leaders stand ready to mitigate the war's economic fallout. Finance ministers and central bank governors from the Group of Seven advanced economies

Trump says Iran agrees to hand over its enriched uranium

Trump says Iran agrees to hand over its enriched uranium

US President Donald Trump said Thursday Washington and Tehran were "very close" to a peace deal and insisted that Iran had agreed to hand over its enriched uranium, a key sticking point in negotiations. The United States had earlier threatened to resume airstrikes on the Islamic republic and

Stocks rise as optimism over Mideast war takes hold

Stocks rise as optimism over Mideast war takes hold

Wall Street stocks climbed higher Thursday, adding to records as investors greeted optimistic comments from US President Donald Trump about negotiations with Iran while shrugging off a jump in crude prices. After veering between gains and losses much of the day, all three major US indices finished in the black.

EU aims to start disbursing new Ukraine loan in second quarter

EU aims to start disbursing new Ukraine loan in second quarter

The European Union expects to start releasing a new 90-billion-euro loan to Ukraine in the second quarter, the bloc's economy chief told AFP on Thursday. EU economy commissioner Valdis Dombrovskis was speaking on the sidelines of the International Monetary Fund and World Bank's spring

Mideast war an 'unprecedented' blow for region: IMF to AFP

Mideast war an 'unprecedented' blow for region: IMF to AFP

The Middle East war has created an "unprecedented shock" for the region's economies with no guarantee of a quick recovery, a senior International Monetary Fund official has told AFP. Five of the Gulf's eight oil- and gas-producing countries face a contraction this year,

Vessels cross Hormuz destined for Iran despite US blockade

Vessels cross Hormuz destined for Iran despite US blockade

Two sanctioned cargo vessels have crossed the Strait of Hormuz, apparently bound for Iranian ports despite Washington's blockade in the Middle East war, tracking data indicated Thursday. A trickle of ships has passed the crucial trade route over the past two days after the US imposed a counter-