Oil Climbs but Markets Shrug Off US-Iran Deadlock
Trump’s rejection of Tehran’s terms has left talks stalled, with Brent crude near $103 a barrel and tanker traffic through Hormuz at a trickle.
- On Monday, President Donald Trump rejected Iran's response to a U.S. peace proposal, sending Brent crude oil futures nearly 2% higher to around $103 a barrel as the Strait of Hormuz remained largely closed.
- Foreign Ministry spokesperson Esmaeil Baghaei demanded an end to the U.S. blockade and release of frozen Iranian assets, calling their offer for "safe passage through the Strait of Hormuz" a "generous and responsible offer."
- Turkish Foreign Minister Hakan Fidan will hold talks in Qatar on Tuesday to address conflict resolution and navigational safety, while sporadic flare-ups continue testing the ceasefire that began in early April.
- President Trump arrives in Beijing on Wednesday to discuss the energy crisis and Iran with Chinese President Xi Jinping, as Washington leans on China to push Tehran toward a deal.
- Israeli Prime Minister Benjamin Netanyahu told CBS News' "60 Minutes" that diplomacy is the preferred route, though he did not rule out force, while Trump remarked that Iranian forces "are defeated, but that doesn't mean they're done.
11 Articles
11 Articles
Oil Prices Surge Amid US-Iran Stalemate Over Hormuz Strait
Amid tensions between the U.S. and Iran, talks have hit a stalemate, keeping the Strait of Hormuz closed and causing a surge in oil prices. Stocks dipped, while the dollar edged up. The conflict's impact on global markets is evident with fluctuating indices and an ongoing focus on energy prices.
Iran stalemate lifts oil prices as Hormuz closure persists
President Donald Trump’s swift rejection of Iran’s response to a U.S. peace proposal has fuelled concerns that the 10-week-old conflict will drag on and continue to paralyse shipping through the Strait of Hormuz, pushing oil prices higher on Monday. Days after Washington floated a proposal aimed at reopening negotiations, Iran on Sunday released a response focused on ending the war on all fronts, including Lebanon, where U.S. ally Israel is figh…
Oil Prices Rise As US Iran Talks Stall - THE DESTINATION
WASHINGTON: (Web Desk) – Oil prices moved higher on Tuesday after negotiations between the United States and Iran showed little progress, increasing fears about the future of energy supplies through the Strait of Hormuz. Investors reacted cautiously as the conflict entered its tenth week, though wider financial markets remained relatively stable. US President Donald Trump […] The post Oil Prices Rise As US Iran Talks Stall appeared first on THE …
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
