Tag: strait
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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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Bowen: Iran deal ends Trump’s war that revealed limit of US dominance
The deal to end fighting and re-open the Strait of Hormuz leaves the sides where they were 24 hours before the war – only with thousands now dead.
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US-Iran deal: When will oil prices fall?
A potential US-Iran deal to end the war and reopen the Strait of Hormuz could ease the global energy crunch, but oil prices and supplies may take months to stabilize as shipping restarts and infrastructure recovers.
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The US and Iran have agreed a deal. How soon could things go back to normal?
Experts warn the impact of the war will continue to affect the global economy for months to come.
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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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Iran war: Trump, Pakistan tease deal, but doubts remain
Donald Trump suggested that an initial peace deal could be signed on Sunday, but Iran has cast doubt on that timeline. Meanwhile, Israel keeps up strikes on Lebanon. DW has the latest.
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US, Iran inch closer to deal to end Middle East war, timing remains unclear
Draft terms described by multiple sources indicate the US would begin releasing billions of dollars in frozen Iranian assets and waive sanctions on its oil exports, in return for Iran opening the Strait of Hormuz.
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Iran war: Trump says deal to be signed on Sunday
Mediator Pakistan has said the deal could be finalized “in the next 24 hours,” but Iran says an agreement is unlikely to be confirmed on Sunday. DW has more.
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