Oil prices extended gains Wednesday as Middle East peace talks stuttered, though stocks mostly rose on the back of continued demand for all things linked to artificial intelligence. Despite President Trump’s assurances that the U.S. and Iran are edging closer to ending their three-month-long war and reopening the Strait of Hormuz, crude investors appear unmoved…
Iran and the US say they have carried out fresh strikes around the Strait of Hormuz, with Kuwait condemning “repeated” Iranian attacks.
The United States Treasury Department announced sanctions Wednesday on Iran’s Persian Gulf Strait Authority, the new Tehran agency that collects fees for traveling through the strategic Strait of Hormuz. “The Iranian military’s latest attempt to extort global maritime trade is proof that Economic Fury has left the regime desperate for cash,” Treasury Secretary Scott Bessent…
The US defence secretary confirms a US military base was hit by Iran on Sunday.
