US-Iran peace talks in Switzerland were cancelled Friday as Hezbollah killed four Israeli soldiers, prompting Israeli airstrikes in Lebanon that killed at least 18. The violence jeopardizes a recent MOU aimed at Iran's nuclear program and oil traffic.
A new US-Iran deal has reopened the Strait of Hormuz, allowing ships to move after 110 days of conflict. However, experts warn that consumers should not expect gas prices to drop soon due to ongoing shipping risks and disrupted global oil supply.
Oil prices fluctuated Friday as U.S.-Iran talks in Switzerland were unexpectedly canceled due to logistical issues. Brent crude fell 0.3% to $79.59, while WTI rose 2.3% to $78.15, both on track for weekly losses. OPEC expects demand to remain strong, rejecting IEA supply glut forecasts.
The reopening of the Strait of Hormuz eases immediate energy supply threats, but analysts warn economic damages like inflation will persist for months due to lingering price impacts on food and energy supply chains.
隨著荷莫茲海峽封鎖解除，日本相關船隻已開始駛離波斯灣。一艘沙烏地阿拉伯籍油輪和日本企業營運的TENZAN號已通過海峽，滯留的38艘日本船隻約900人有望儘快脫困。
US drivers are seeing relief as national average gas prices dropped below $4 a gallon on Thursday, driven by falling oil prices and a tentative peace agreement between the US and Iran. Despite the decrease, prices remain higher than pre-war levels.
The Strait of Hormuz, a critical global trade chokepoint, remains blocked by approximately 80 mines, hindering the resumption of normal shipping. Despite a recent US-Iran agreement, clearing these obstacles and potential Iranian maritime fees present ongoing challenges for global trade.
Nearly 80 million barrels of non-sanctioned crude oil are waiting in the Persian Gulf, ready to move through the Strait of Hormuz following an interim US-Iran agreement to restore transit. Abu Dhabi National Oil Co. has instructed customers to resume loading crude, signaling a potential increase in shipping activity.
President Trump rejected claims of limited US power after a peace deal with Iran, stating 'no limits' to US capabilities. The agreement, which reopened the Strait of Hormuz, was framed by Trump as a military victory and Tehran's 'unconditional surrender'.
Donald Trump rejected claims that the conflict with Iran exposed limits to US power, stating there are 'no limits' to what the US can achieve. The US and Iran signed a memorandum of understanding to end hostilities and reopen the Strait of Hormuz.
President Trump rejected claims of limited US power after a peace deal with Iran, stating 'no limits' to US capabilities. The agreement, which reopened the Strait of Hormuz, was framed by Trump as a military victory and unconditional surrender by Tehran, despite analysts noting a retreat from original US demands.
The Maltese-flagged LNG carrier 'Disha' arrived at Dahej Port, India, carrying 62,370 metric tonnes of LNG. The vessel successfully navigated the Strait of Hormuz amid regional tensions, marking a resumption of shipping traffic through the critical route for India's energy imports.
Oil prices experienced volatile trading as U.S.-Iran talks in Switzerland were canceled due to logistical issues. Vice President JD Vance noted Iranian ships honored commitments. OPEC anticipates continued oil demand, rejecting IEA's supply glut forecasts. Analysts predict near-term prices between $75-$82.
US-Iran peace talks in Switzerland were abruptly canceled Friday as Hezbollah and Israel engaged in their most violent clashes since a ceasefire. The escalation in Lebanon, with airstrikes and rocket fire resulting in casualties, overshadowed the planned negotiations aimed at addressing Iran's nuclear program and oil traffic.
US-Iran talks in Switzerland to implement a 14-point agreement to end their war have been cancelled. The cancellation came abruptly, with US envoy JD Vance not traveling. The move follows reports linking the delay to Israel's ongoing military campaign in Lebanon.
SCMP reports on a Pakistan-announced Iran-US peace deal reopening the Strait of Hormuz, alongside news of a Shein Paris store closing and other regional highlights.
Iran's Supreme Leader Mojtaba Khamenei approved a peace deal with the US, accusing Trump of acting out of "desperation." The US lifted its naval blockade on Iranian ports, allowing oil flow through the Strait of Hormuz. Republicans criticized the deal.
Oil prices experienced volatile trading as markets weighed an interim U.S.-Iran deal and increased shipping through the Strait of Hormuz. Vice President JD Vance noted a recovery in tanker activity and adherence to commitments by Iran. OPEC's Haitham Al Ghais rejected IEA's supply glut forecasts, expecting continued demand growth.
A new US-Iran agreement seeks to end the war, reopen the Strait of Hormuz, ease sanctions, and restart nuclear talks within 60 days. However, major issues from the recent conflict remain unresolved, including Iran's nuclear program and support for militant groups.
Iran plans to implement maritime transit fees for ships in the Strait of Hormuz within two months, following a US agreement. This comes after the US lifted its blockade, allowing oil tanker movement. Regional tensions persist, with Israel maintaining its security zone in south Lebanon and Iran seeking to prevent its nuclear weapon acquisition.
Oil prices experienced volatility following US Vice President JD Vance's comments questioning Israel's actions against Hezbollah, raising concerns about the Middle East peace deal's stability. Brent crude fell 0.65% to $79.33 and WTI crude dropped 0.46% to $75.50.
US Vice President JD Vance defended the Iran deal, stating Donald Trump is Israel's sole global ally and reminding Israeli critics of substantial US defense aid. Vance criticized Israeli cabinet members for attacking the deal and Trump, suggesting they reassess their priorities.
أعلن المجلس الأعلى للأمن القومي الإيراني عدم فرض رسوم على السفن لعبور مضيق هرمز لمدة 60 يوماً، حيث ستتكفل الحكومة بتغطية التكاليف. وتأتي هذه الخطوة بعد اتفاق مع الولايات المتحدة، وتهدف لضمان المرور الآمن للسفن.
Iran's Supreme Leader Ayatollah Mojtaba Khamenei revealed he initially opposed the recent US-Iran memorandum of understanding but approved it after receiving assurances that national interests would be protected. The deal includes a ceasefire, lifting of naval blockades, and a 60-day negotiation period on sanctions relief and Iran's nuclear program.
