Oil soars more than 6% as Trump rules out Iran deal, threatens more strikes Oil prices had been recovering following a memorandum of understanding signed last month to end the war, but they rose by more than 6% early on Wednesday. Iran
Oil prices ease as OPEC+ increases production, Hormuz traffic rebounds Brent crude, the international benchmark, fell 0.15% to $71.87 a barrel as of 8:07 a.m. EDT after dropping as low as $71.09 earlier in the session, its lowest level since before the US-Israel-Iran war began on Feb. 28. Saudi Arabia
Traffic plummets through Strait of Hormuz after Iran, US trade fire Shipping through the Strait of Hormuz had recovered somewhat before renewed fighting between Iran and the United States saw traffic drop sharply over the weekend. Iran
Oil falls below $74 as Hormuz traffic recovers after Iran war Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close. Iran
UAE eyes first multifuel pipeline as Hormuz crisis drags on State-owned Abu Dhabi National Oil Company is considering building a refined oil products pipeline that bypasses the Strait of Hormuz. United Arab Emirates
Container rates climb as logistic firms scale up Hormuz alternatives The Drewry World Container Index measuring container shipping prices has soared by more than 40% since the start of the US-Israel-Iran war. United Arab Emirates
Explainer From China to Qatar: Where Iran’s frozen assets are held Tehran is reportedly demanding some $24 billion in frozen funds be unblocked as part of a peace deal with the United States. Iran
Uptick in Chinese tankers transiting Hormuz amid Trump-Xi summit President Donald Trump met Chinese President Xi Jinping in Beijing on Thursday, a meeting closely watched in Iran. United Arab Emirates
Analysis Why Iran’s regime didn't break: The hidden networks behind its survival Informal structures like religious networks, tribal groups and patronage ties have allowed Iran's state to weather prolonged strain and war. By Jamshid Jamshidi
Pistachios reach highest prices in eight years amid Iran war Pistachio prices rose to around $4.57 a pound in March, their highest since 2018, according to data company Expana. Iran
Could UAE tap US currency swap line as Iran war strains Gulf economies? The Gulf country apparently wanted reassurances from Washington in case its economy is severely damaged by the Iran war. United Arab Emirates
Oil rises, Gulf stocks slide after Iran ship seizure throws truce into doubt In a post on Truth Social on Sunday, US President Donald Trump said the US Navy fired at and seized an Iranian-flagged cargo ship in the Gulf of Oman. Iran
Eurozone's inflation jumps 2.6%, jet fuel shortages loom amid Iran war Inflation has been soaring globally amid an energy supply crunch caused by the blockade of the Strait of Hormuz. Iran
Jet fuel squeeze exposes Europe’s reliance on Middle East supply Lawmakers on the continent have been told to make "timely preparations in anticipation of a potentially prolonged disruption" in energy flows from the region. Iran
No ships transit Hormuz as Iran plans safe-passage tolls: What to know An Iranian lawmaker told Fars News Agency that Tehran plans to charge ships tolls to ensure safe passage through the Strait of Hormuz, formalizing the country’s control over the strategic waterway. Iran
Meet Mojtaba Khamenei, hard-liner with IRGC ties, likely Iran’s next supreme leader The late supreme leader's son has long operated behind the scenes in Iran’s political system and has close ties to the Islamic Revolutionary Guard Corps. Iran
