Iran Proposes New Plan to End Hormuz Strait Blockade as Oil Prices Surge
Iran presents a new proposal to the US aimed at easing the standoff over the Strait of Hormuz, while postponing nuclear talks, sending international oil prices higher.
Energy
U.S.-Iran Talks Stall as Oil Surges, Stock Rally Falters
Stalled U.S.-Iran peace talks send oil above $97 per barrel, stalling the Wall Street rally on Monday as investors brace for the Federal Reserve’s policy meeting this week.
UK Minister Warns Iran War Price Impacts Could Last Eight Months
A UK government minister warns that supply chain disruptions from the Iran war could keep prices elevated for up to eight months, as officials monitor stock levels and prepare contingency plans.