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Iran says Washington is quietly preparing a ground assault while talking about negotiations in public, as the month-old war spreads across the region and back-channel diplomacy struggles to catch up.
On day 28 of the conflict, the US pushed back planned attacks on Iran’s energy facilities by 10 days while talks continue. Diplomacy is moving, but fighting and regional strikes keep escalating.
European markets fell mid-morning as investors fretted over a possible escalation in the Middle East. Brent jumped above $106, bond yields rose, and the OECD cut Italy's growth outlook while warning of wider risks.
Analyst Muyu Xu warns that rising conflict around Iran could push oil as high as $120 a barrel if supply routes are disrupted, with import-reliant countries bearing the brunt.
A Russian tanker steaming for Cuba is less about fuel and more about sending a message to Washington. Analysts say it is a provocation and a bargaining chip, not a rescue mission.
Former Defense Secretary Jim Mattis said stopping strikes now would risk ceding the Strait of Hormuz to Iran. Oil prices dipped after President Trump announced a five-day pause on attacks to pursue talks, but experts and industry leaders say a lasting deal looks unlikely.
A quick, slightly sarcastic look at why the current oil shock is being called the biggest since 1973, what actually happened back then, and why today's pain is both similar and very different.
Donald Trump announced a pause on plans to hit Iran’s energy infrastructure, calling it the result of ‘very good and productive talks’. Tehran says no talks happened, and its retaliatory threats have exposed limits in US power while driving up global energy risk.
Chevron CEO Mike Wirth says the Iran conflict has hurt oil markets more than the Russia-Ukraine war. Officials are still assessing damage, and the U.S. energy secretary urged producers to boost output to calm prices.
The shutdown of the Strait of Hormuz has pushed oil prices up and forced governments to open emergency stockpiles. Here’s who has what, and how long those piles could last.
A flare-up in the Strait of Hormuz has pushed oil prices up fast. United expects $175 a barrel and is trimming flights. Airlines are rethinking schedules, and travelers might notice fewer off-peak options and higher costs.
The International Energy Agency says a conflict centered on Iran has cut oil and LNG flows so sharply it eclipses the 1973 and 1979 crises plus the post-Ukraine gas shortfall. The agency urges quick action and reopening the Strait of Hormuz.