The U.S. and Iran have both signaled progress in talks to bring an end to the Middle East conflict. Washington and Tehran remain at odds over key issues, however, such as Iran's enriched uranium stockpile and tolls on the Strait of Hormuz. "No one in the ...

Iran says it's considering the latest U.S. peace offer, as President Trump says he's willing to wait "a couple of days" for a response.

A United Arab Emirates company has expedited construction of a second oil pipeline to bypass the Strait of Hormuz, but normal flow through the region, and potential price stabilization, is still several months away,

What the US Navy accepts is risk to send ships through tends to be different than what the merchant ships do.”

South Korean and Chinese supertankers have exited the Strait of Hormuz in one of the clearest signs yet that limited oil traffic is resuming, even as the wider Iran war remains unresolved. Reuters reported that three supertankers carrying about 6 million barrels of Middle Eastern crude were moving toward Asian markets after being delayed for more than two months.

A prolonged closure of the Strait of Hormuz could trigger a severe global energy crisis, potentially pushing oil prices to $200 per barrel by late 2026. Wood Mackenzie's report outlines three scenarios,

The warning came as the US and Iran maintained opposing stances on Tehran’s uranium stockpile and controls on the Strait of Hormuz on Thursday, although US Secretary of State Marco Rubio said there had been “some good signs” in talks.