Tag: hormuz
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Oil falls 5% to three-month low as US, Iran reach peace deal to reopen Strait of Hormuz
HOUSTON, June 15 : Oil prices slumped 5 per cent to a three-month low on Monday amid a broad selloff after the U.S. and Iran said they agreed terms to end their war and reopen the Strait of Hormuz. Brent crude futures fell $4.38, or 5.02 per cent, to $82.95 a barrel by 10:54 a.m.…
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Strait of Hormuz reopening won’t end shipping risks
A proposed US-Iran deal to reopen the Strait of Hormuz is raising hopes for global shipping and oil markets. But mines, high insurance costs and geopolitical risks mean disruption could persist for months.
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Energy shares fall as Iran deal lowers Hormuz disruption risk
June 15 : U.S. energy shares fell in premarket trading on Monday as crude prices tumbled after Washington and Tehran reached an initial deal that could end the months-long conflict and reopen the vital Strait of Hormuz.The U.S. and Iran will sign a memorandum of understanding in Switzerland on Friday, Pakista
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Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz
LONDON, June 15 : Oil prices slipped to a 3-month low on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.Brent crude futures fell $4.33, or nearly 5 per cent, to $83.00 a…
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Japanese shippers await details on Hormuz reopening, mine clearance
TOKYO, June 15 : Japanese shippers welcomed on Monday the U.S.-Iran peace agreement which will reopen the Strait of Hormuz but are awaiting more details of the deal and clearance of mines before allowing their ships to pass the chokepoint.According to the association, 38 Japanese-linked vessels remain strande
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Middle East: US says it completed latest attacks on Iran
US Central Command had said it hit new targets in Iran in response to Tehran’s “unwarranted and continued aggression.” Iranian state media reported blasts in several parts of the country. Follow DW for more.
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US launches new strikes on Iran after Trump vows to hit ‘hard’
US Central Command said its latest airstrikes were responding to “unwarranted and continued aggression” from Iran.
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Iran targets US bases in Jordan and the Gulf after Trump orders strikes near Hormuz
The clashes mark one of the biggest exchanges in hostilities since the two countries agreed to a ceasefire in April.
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Middle East: Trump again claims Iran peace deal is imminent
US President Donald Trump has said there was a “good chance” a peace deal in the Iran war could be reached in “two or three days.” DW has the latest.
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Iran war: Even a peace deal won’t fix energy crunch
The growing energy and supply chain crisis is unlikely to ease even if the US and Iran step back from the brink. Experts warn that reopening the Strait of Hormuz and repairing infrastructure could take months or years.
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