Oil prices extended gains on Monday, rising nearly 2% as peace talks between the U.S. and Iran stalled while shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight.
U.S. President Donald Trump has said Iran can contact the United States directly if it wishes to negotiate an end to the conflict between the two countries, now in its second month.
U.S. President Donald Trump says it was "too expensive" for Witkoff and Kushner to go to Islamabad as Iran says they are waiting to see if America is "truly serious about diplomacy". Israel's armed forces has launched a missle attack into Lebanon after Hezbollah fired rockets into north Israel.
Diplomatic efforts to end the Iran war suffered a setback on Saturday as U.S. President Donald Trump cancelled a planned envoy visit to Pakistan for talks, even as parallel regional diplomacy continued and military tensions escalated in Lebanon.
Diplomatic efforts to end the Iran war are intensifying, with the White House confirming that U.S. President Donald Trump will send special envoy Steve Witkoff and adviser Jared Kushner to Islamabad for talks with Iran under Pakistani mediation.
Donald Trump’s special envoy Steve Witkoff and senior adviser Jared Kushner will travel to Islamabad on Saturday for Pakistan-mediated talks with Iran, the White House said.
Iran is pursuing a dual-track strategy in the Strait of Hormuz, balancing cooperation with South Korea while increasing military pressure, as tensions disrupt shipping and raise concerns over regional stability.
Iran’s leadership has presented a united front, rejecting claims of internal divisions amid continued tensions with the U.S. and Israel following a fragile ceasefire and stalled Iran–U.S. talks.
The Middle East conflict is pushing up energy prices and feeding into UK food costs, with businesses warning the impact is reaching consumers through everyday grocery bills.
U.S. President Donald Trump said he was prepared to wait for "the best deal" to end his conflict with Iran and said he was in no rush to reach a peace agreement and wanted it to be "everlasting," while continuing to assert that the U.S. had a clear upper hand in the naval stand-off in the Strait.
Lebanon and Israel have agreed to extend their ceasefire by three weeks following talks at the White House, U.S. President Donald Trump said on Thursday (23 April).
The U.S. military is redirecting at least three Iranian-flagged tankers after intercepting them in Asian waters near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday. Meanwhile, Tehran said U.S. breaches, blockades and threats are undermining “genuine negotiations.”
European logistics companies are set to report stronger first-quarter profits, benefiting from supply chain disruption linked to the U.S.-Israeli war with Iran, though analysts warn the conflict could weaken demand later this year.
The current standoff between the U.S. and Iran is likely to continue in the near term, with both sides seeking to outlast the other rather than escalate into a wider conflict, according to political analyst Orkhan Nabiyev.
Iran’s Permanent Mission to the United Nations in New York strongly protested against U.S. and Israel targeting multiple civilian infrastructure related to communications and space centre facilities, and also urged regional countries to prevent their territory being used for "military aggression".
The status of a two-week-old ceasefire, due to expire earlier this week, remained unclear. In a sharp turn around hours after threatening renewed violence, President Donald Trump made what appeared to be a unilateral announcement on Tuesday that the U.S. would extend the Iran war ceasefire
The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday, exclusively to Reuters.
Iran’s Revolutionary Guards targeted three vessels, seizing two of them for alleged maritime violations and transferring them to Iranian shores, as U.S. President Donald Trump said Washington is extending its ceasefire with Iran until Tehran submits a proposal.
U.S. efforts to push Iran into accepting pre-war conditions are intensifying, as tensions continue despite an extended ceasefire between Iran and the U.S.
The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have triggered the largest oil supply disruption ever recorded in terms of daily output losses. However, Reuters calculations show that at least one past crisis had a greater cumulative impact over time.
