Tag: “Geopolitical”

President Donald Trump said Wednesday that Iran had informed him there would be no tolls, insurance costs, or charges of any kind for ships looking to pass through the strategically vital Strait of Hormuz.

Oil prices fell early Monday, reversing earlier gains, as mediators stepped in to ease tensions between the U.S. and Iran over the weekend.

U.K. Prime Minister Keir Starmer announced Monday that he will stand down as Labour leader and prime minister, ending months of political turmoil and opening a contest to replace him.

News that the U.S. and Iran had reached an interim deal may have brought some initial relief to markets, but fresh uncertainty emerged on Friday after planned follow-up talks in Switzerland were called off, underscoring the challenges of turning the agreement into a lasting peace settlement.

Oil prices declined Thursday after President Donald Trump signed ​a deal ​with his Iranian counterpart Masoud Pezeshkian to end the ​war in the Middle East, while the International Energy Agency flagged a supply glut next year.

The U.S. and Iran said they had agreed terms to end ​their war and reopen the Strait of Hormuz, news that brought relief to markets although the pact may hinge on an end to hostilities in Lebanon and defers talks on Tehran’s ‌nuclear programme.

A memorandum between the United States and Iran to halt the war in ​the Gulf could be signed as soon as Sunday, a Western source told Reuters on Friday, with Geneva emerging as the likeliest venue.

Trump threatens to take key Iranian island: President Donald Trump warned Thursday morning the US will hit Iran “VERY HARD TONIGHT” and threatened to take Kharg Island, which handles roughly 90% of Iran’s crude exports.

Oil prices shot higher Wednesday after U.S. President Donald Trump declared that Iran will “pay the price” for being too slow to negotiate a peace deal.

U.S. President Donald Trump repeated the claim that a deal to end the war in Iran could be reached in “two or three days,” and that the critical Strait of Hormuz would reopen “immediately” after such a deal.

Iran’s military has ceased strikes against Israel, the Ministry of Foreign Affairs told CNBC on Monday, but Tehran warned it would resume hostilities if the IDF continues operations in Lebanon.

Oil prices rose on Monday as the U.S. and Iran launched fresh strikes and Israel ordered troops to push deeper into Lebanon, renewing concerns that clashes with the Iran-backed Hezbollah group could threaten a fragile ceasefire between Washington and Tehran.

US President Donald Trump said talks with Iran over an interim peace deal will “work out well,” even as the countries’ forces clashed again near the Strait of Hormuz.

Oil prices fell early Friday and were on track for their biggest monthly decline since March 2020 as markets grew more confident of a deal between the U.S. and Iran.

NATO will spend hundreds of billions of dollars on defense in the coming years, its Secretary General Mark Rutte said on Friday, hours after U.S. President Donald Trump pledged thousands of new troops to its eastern flank.

Qatar said the release of hostages held by Hamas would begin on Friday afternoon local time, following a temporary cease-fire that began at 7 a.m. local time.