Six weeks after a Pakistan-brokered truce halted US-Iran hostilities, both sides remain deadlocked over sequencing in a 14-point memorandum that would reopen the Strait of Hormuz and defer nuclear talks.
Tag: Strait of Hormuz
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US 10-year yield hits one-year high as Iran deal hopes whipsaw oil markets
The US 10-year yield hit a one-year high on May 18 as Trump’s Iran strike delay briefly pushed Brent crude below $107 before the conflict premium reasserted.
Posted inGeopolitics
Trump delays Iran strike after Gulf leaders intervene, citing imminent deal
Trump called off a scheduled Iran strike on May 18 after three Gulf leaders asked him to hold off, saying the parties are very close to a deal.
Posted inMarkets
Oil spikes to $109 and Wall Street falls as Trump rejects Iran peace deal
Brent crude surged to $109 a barrel on Friday and the S&P 500 fell 0.88 percent as Trump rejected a proposed framework to ease tensions with Iran.
Posted inGeopolitics
The Strait of Hormuz becomes the war’s most dangerous front
Three months into US-Israel military operations against Iran, the narrow passage through which roughly 20 percent of the world’s traded oil travels has become a pressure point that neither side can afford to close — but neither has shown it can keep fully open.