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Global oil markets recorded sharp gains on Monday following the collapse of planned peace negotiations between the United States and Iran, prolonging an eight-week military standoff that continues to disrupt international shipping. US President Donald Trump abruptly cancelled a scheduled diplomatic mission to Pakistan over the weekend, citing a lack of substantial progress, while…
The United States has deployed over 15 warships to the Strait of Hormuz to enforce a counter-blockade, halting maritime traffic in the world’s most critical oil chokepoint. The move follows the collapse of regional peace negotiations and a directive from Washington to secure the waterway against Iranian influence. Two China-linked oil tankers, the Rich Starry…
The White House has pushed back sharply against claims that Vice President JD Vance implied the United States might use nuclear weapons against Iran, calling such interpretations baseless. The denial came Tuesday after Vance’s comments about unspecified military capabilities triggered speculation online about the extent of US options in the escalating standoff with Tehran….
