Oil prices jumped more than 1% in early Asian trading on Monday before surrendering most of their gains, as uncertainty over reopening the Strait of Hormuz continued to dominate global energy markets. Brent crude later traded around $83.54 a barrel, while US West Texas Intermediate was near
Iran and Oman are reportedly close to finalising an agreement to reopen the Strait of Hormuz, the strategic maritime route connecting the Persian Gulf with international shipping lanes. However, Iranian officials have indicated that important details remain unresolved despite claims that an agreement is imminent. Iran-Oman Strait of Hormuz Deal Under the proposed
US President Donald Trump has said the Strait of Hormuz will reopen “very soon,” while warning Iran against abandoning ongoing negotiations. His remarks came as diplomatic efforts intensified to restore commercial shipping through the vital energy corridor. Trump Warns Iran Over Hormuz Talks Trump said the United States and Iran had held “very good discussions” […]
Qatar has reported progress in mediation aimed at ending the US-Iran conflict, although uncertainty remains over whether direct negotiations have begun. The diplomatic push continued as another commercial vessel was struck near the Strait of Hormuz. Qatar Reports Progress in US-Iran Mediation Qatar said mediators were making progress towards restoring the ceasefire
US Treasury Secretary Scott Bessent said an agreement to reopen the Strait of Hormuz with freedom of movement could be reached as early as Tuesday or Wednesday, as negotiations mediated by Oman continued. Strait of Hormuz Deal Could Be Imminent Bessent said the proposed agreement would restore commercial shipping through the strategic waterway without Iran […]
Vice President JD Vance has defended President Donald Trump’s Iran agreement, saying the United States is in a strong position regardless of whether Tehran follows through on the terms of the deal. Vance Defends Trump Iran Deal Vance pushed back against Republican criticism that the agreement could give Iran major economic benefits without enough guarantees […]
The United States and Iran have reached a preliminary framework to extend their ceasefire for 60 days and reopen the Strait of Hormuz, creating a diplomatic window after months of regional conflict and disruption to global energy shipping. The agreement is expected to be formally signed in Switzerland on Friday, while key nuclear and sanctions […]
US President Donald Trump has said a peace deal with Iran is ready to be signed on Sunday and that the Strait of Hormuz will reopen immediately after the agreement. Iran, however, has urged caution, saying any understanding would be a framework for further talks rather than a final settlement. Trump Says Iran Deal Ready […]








