US., Iran exchange fire
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10don MSN
US and Iranian negotiators have reached a potential agreement to reopen the Strait of Hormuz and begin nuclear talks, the White House confirmed Thursday. President Trump would still have to sign off on the proposal as the White House blasted early reports of a deal on Wednesday as “propaganda.
Iranian media reported an exchange of fire between Iranian and US forces near the Strait of Hormuz, amidst a shaky ceasefire between the two countries.
Crude oil surged over 3 percent on Monday as Israel and Iran attacked each other, threatening regional stability and delaying hopes for a US-Iran deal and the reopening of the Strait of Hormuz. US crude rose 4.
Iran’s influence over the strait will persist regardless of any deal with Washington, fundamentally reshaping global energy security.
Oil prices rose after US and Iranian forces exchanged fire at the Strait of Hormuz, the first clash since the 7 April ceasefire, stoking fresh supply fears in a key global shipping lane.
Talks to extend the ceasefire between the U.S. and Iran are dead in the water, but traffic through the Strait of Hormuz is anything but. The number of ships transiting the contested waterway remains just a fraction of pre-war levels,