Tag: Strait of Hormuz
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Iran declares victory and Israel digs in as US deal faces first test
Tehran declared the US “was forced to sign” a surrender while Iran’s military said enemies had “no option but to accept defeat,” as Israel said IDF forces would remain in Lebanon, Syria and Gaza “for an unlimited period”.
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Snap Insight: Iran’s birthday present to Trump comes with a price tag
Iran has succeeded in prioritising an end to the war rather than the nuclear issue US President Donald Trump wanted to resolve, says James M Dorsey from the S Rajaratnam School of International Studies.
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Oil drops to $80 a barrel and markets rise as Trump touts Iran deal
Oil prices traded over 5% lower on Monday morning after US President Donald Trump announced the completion of the deal with Iran and the reopening of the Strait of Hormuz.
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Ibex 35 tops 19,000 points after Iran peace deal
US-Iran accord to reopen the Strait of Hormuz sends oil prices tumbling, lifts the Ibex 35 to a record above 19,000 and boosts European stocks.
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Energy experts warn of slow oil supply recovery after Iran deal
High oil and gas prices and energy supply problems won’t be solved overnight, despite Sunday’s agreement to end the Iran war and reopen the Strait of Hormuz.
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‘Let the oil flow!’ says Trump after announcing deal with Iran
Pakistan, a key mediator, says an official signing ceremony will be held on Jun 19 in Switzerland.
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U.S. and Iran agree on peace deal to end the war, Trump and Pakistan say
The deal follows weeks of mixed messaging from both Washington and Tehran on the trajectory of the conflict.
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Commentary: Peak oil demand has arrived
The largest oil-supply disruption in modern history has accelerated the arrival of peak oil demand, says NYU professor Carolyn Kissane.
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US-Iran peace deal could be sealed within 24 hours, says mediator Pakistan
Pakistan is preparing for the electronic signing of the US-Iran peace deal immediately after finalisation, followed by technical level talks next week, says Prime Minister Shehbaz Sharif.
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Tehran says deal with US close as Trump slams Iranian account as lies
A ceasefire took effect in April, but sporadic episodes of violence have occurred, each time sparking new fears of a return to all-out war, despite Trump repeatedly stating a deal was within reach.
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