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Dollar Firms as Fresh US Strikes Dim Iran Ceasefire Hopes
The strikes targeted an area near Bandar Abbas as mediators pressed for a 60-day ceasefire extension and further nuclear talks.
- The United States Central Command conducted self-defense strikes in southern Iran on Monday targeting missile launch sites and Iranian boats near the Strait of Hormuz, some 70km from Bandar Abbas, claiming the action protected US troops from threats posed by Iranian forces.
- Days before the strikes, President Donald Trump said a memorandum of understanding was largely negotiated with Iran, offering hopes of an imminent deal to end the war that has roiled markets and triggered an energy crisis.
- Iran's Foreign Ministry spokesman Esmaeil Baghaei said Monday that a large portion of issues with the US have been resolved, but a deal is "not imminent," as a high-level Iranian delegation including Foreign Minister Abbas Araghchi arrived in Doha to discuss obstacles.
- The US dollar firmed on Tuesday as renewed strikes dented optimism for a near-term ceasefire, while Brent crude futures rose 3.89 per cent to $98.87 a barrel after dropping 7 per cent on Monday.
- Seven weeks into the April 8 ceasefire, the Strait of Hormuz remains effectively blocked, with US Secretary of State Marco Rubio saying negotiations could take "a few days" while the Trump administration insists the ceasefire remains intact despite the latest exchange.
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Iran Says New US Strikes Violate Ceasefire
Iran said the United States had violated a ceasefire after the US conducted what it called defensive strikes in southern Iran, while US Secretary of State Marco Rubio said negotiating a deal to halt the conflict could "take a few days". Iran's foreign ministry said US strikes in Iran's southern Hormozgan province, where Iranian media reported sounds of explosions early on Tuesday, represented a "gross violation" of a tenuous ceasefire in place f
·Riyadh, Saudi Arabia
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Coverage Details
Total News Sources41
Leaning Left3Leaning Right2Center31Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
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