As representatives of Iran and the United States reportedly prepared to sign a new peace agreement at the end of the week, the UN on Monday stressed the urgent need to open an aid corridor to transit the choked-off Strait of Hormuz and prevent a global hunger crisis.

European officials reaffirmed the importance of reopening the Strait of Hormuz and the "resumption of maritime traffic," to be done "urgently" and "unconditionally," without any…

The ceasefire and reopening of the Strait of Hormuz eased concerns of escalating conflict, possibly leading to lower oil prices