US hopes for ‘serious offer’ from Iran today
The US expects a response today from Iran on a proposal to end the war, Secretary of State Marco Rubio said, adding he hopes “it’s a serious offer.”
Iran reviewing US proposal as Trump pressures Tehran for agreement on deal to end war
Iran said it was reviewing the latest American proposals on ending the war, as U.S. President Donald Trump threatened the country with a new wave of bombing unless a deal is reached that includes reopening the crucial Strait of Hormuz to international shipping.
Iran war: Trump threatens ‘much higher level’ attacks if no deal
President Donald Trump has said the US will start bombing Iran “at a much higher level and intensity” than before the ceaasefire if Iran does not agree on a deal.
Trump says Hormuz operation paused amid US, Tehran talks
US President Donald Trump has paused the US military’s “Project Freedom” operation to open the Strait of Hormuz, due to “great progress” being made towards a “complete and final agreement with the representatives of Iran”.
UK govt permits flight cancellations to conserve fuel
British airlines have been granted government authorization to cancel or merge flights this summer season to save aviation fuel.
The obvious solution to the global oil shock finally makes sense
If oil is in such short supply, why can’t we simply drill more of it?
African govts need to take urgent action on fertiliser shortages
The conflict between the United States, Israel and Iran is disrupting global fertiliser trade flows – and this stands to leave millions of African farmers without the ammonia, urea, phosphate, sulphur and other fertiliser inputs vital to growing more food in sub-Saharan Africa.
Oil prices increase after Iran doubles down on Strait of Hormuz closure, accuses US of undermining trust
Brent crude, the international benchmark, has gone up about 2.14 percent to $107.58. US crude increased 2.08 percent to $96.36.
Stocks at record highs, shrugging off the Iran war
The S&P 500 and Nasdaq Composite hit record highs on Wednesday, resuming a rally despite the rise in oil prices. It’s a stark shift from last month, when higher oil prices sent stocks lower.
Gold boom lifts Africa’s reserves to $530 billion
The jump highlights how African economies are adjusting reserve strategies as currency volatility, inflation risks, geopolitical tensions and tighter global financing conditions continue to pressure emerging markets.