Iran and the US said last week that they had reached a tentative initial agreement to halt the war. But the two sides have yet to sign off on the deal.
Iranians swim along the Strait of Hormuz in this picture obtained from Iran's ISNA news agency on 1 June 2026.
By Enas Alashray and Patricia Zengerle, Reuters
US intercepts Iranian missiles, strikes Qeshm Island
Trump insists talks with Iran ongoing despite Tehran's claim of stalled communication
Strait of Hormuz closure disrupts global energy flows, fueling higher oil and gas prices
U.S., Iran intensify attacks as ceasefire frays, peace talks stall
Oil prices rally on Iran's US talks freeze and Strait of Hormuz threat
Oil rises as diplomacy between US, Iran stalls
Oil surges as Iran suspends US talks and threatens shipping routes
US, Iran exchange fire as negotiations stall
Crude Prices Rally as US-Iran Ceasefire Talks Falter
Global oil prices jump 7% to top $97 a barrel after Iran reportedly suspends talks with U.S. and fully closes Strait of Hormuz
The regional conflict has hardened into a stalemate as the U.S. and Iran failed to turn a fragile ceasefire into a lasting peace…
The flare-up further endangers the US-Iran ceasefire, which Trump extended indefinitely on 21 April.
Physical crude markets have also firmed again in recent days, offering a reminder of the wider supply tightness that’s hitting…
Oil prices sharply rose on Monday afternoon as Iran suspended all indirect talks with the US and vowed to fully close the Strait…
Oil price jumps after US strikes in Iran raise concerns over the fragile ceasefire, impacting global energy supplies and trade…
Oil prices surged after US strikes on Iran and stalled diplomacy, fueling fears of escalating Middle East tensions and potential…
