Oil prices surged Tuesday amid stalled efforts to end the US-Iran conflict. The Strait of Hormuz remains largely closed, limiting energy supplies from the Middle East’s key producing region.
US President Donald Trump is dissatisfied with Iran’s latest proposal, which avoids addressing its nuclear program until hostilities cease and Gulf shipping disputes are resolved.
Brent crude futures for June climbed 45 cents to $108.68 a barrel after gaining 2.8% in the previous session. US West Texas Intermediate (WTI) crude rose 58 cents to $96.96, following a 2.1% gain in the prior session.
Negotiations between the US and Iran collapsed last week due to failed face-to-face talks. Ship-tracking data shows significant disruptions in the region, with six Iranian oil tankers forced to turn back due to the US blockade. However, an Emirati-owned LNG tanker crossed the Strait of Hormuz and is near India.
BC Lions dismiss special teams co-ordinator Cory McDiarmid following winless start in Canadian Football League.…
Demon Slayer: Kimetsu no Yaiba – The Movie: Infinity Castle to Stream on July 29…
Scientists Unearth Ancient Fossil in British Antarctic Survey A fossil, stored for 40 years in…
Iranian cyberattacks on Israel have surged since the US-Israeli offensive against Iran began this year.…
Keke Palmer Made Waves at 2026 BET Awards At this year's BET Awards, hosted by…
The Philippines has become the world's largest spender on solar panels since the war in…
This website uses cookies.
