Oil prices fall 2% as US, Iran explore phased path out of war
Brent crude settled at $104.32 a barrel and WTI at $92.41. Traders also weighed talk of a possible US diesel export ban and disruptions to Saudi oil flows from Houthi attacks.
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Iran rial hits record low amid US oil blockade
Iran’s economy is starting to buckle six months into its war with the United States and Israel under the weight of a near-total oil export blockade imposed by the U.S. military. The United States has intensified economic pressure on Tehran, a campaign that President Donald Trump had previewed as "economic D-Day" for Ir
Trump: We may put down the blockade on Iran
Trump: We may put down the blockade on Iran
Iran Closes Hormuz Strait
Maritime vessels continued to move through the Strait of Hormuz on Sunday, though at a much lower rate, a day after Iran announced that it had closed the strategic waterway to shipping. Transits through the strait dropped to 12 today, down from more than 21 on Saturday, according to maritime risk analytics firm Windwar
US-Iran Talks Stall
US-Iran talks in Switzerland have been canceled, casting uncertainty over the recently announced accord
US-Iran Talks Stall
Swiss-hosted follow-up talks were canceled, highlighting uncertainty around the accord. Analysts said the agreement was only the first step toward a broader settlement. "This is a really bad deal," according to David Roche, a strategist at Quantum Strategy. News that the U.S. and Iran had reached an interim deal may ha
US-Iran Talks Stall
US-Iran talks in Switzerland were canceled, highlighting uncertainty around the accord
US-Iran Talks Stall
Swiss-hosted follow-up talks were canceled, highlighting uncertainty around the accord. Analysts said the agreement was only the first step toward a broader settlement. "This is a really bad deal," according to David Roche, a strategist at Quantum Strategy. News that the U.S. and Iran had reached an interim deal may ha