World·Yesterday
Trump Signals No Truce Extension on Eve of Scheduled Peace Talks
President Donald Trump indicated he is unlikely to extend a two-week ceasefire with Iran set to expire in two days, stating the Strait of Hormuz will remain blockaded until a deal is signed. Iran's Parliament Speaker said the country would not negotiate under threats, while Vice President JD Vance is traveling to Pakistan for talks expected to begin Tuesday or Wednesday. The conflict has disrupted global energy supplies and killed thousands across the Middle East since it began in February.
Financial Post
World·Yesterday
Oil Prices Don’t Reflect Scale of Supply Hit, Analysts Say
Analysts at the FT Commodities Global Summit stated oil prices do not fully reflect the largest supply disruption ever, with the Iran war causing the loss of a billion barrels so far, potentially growing to 1.5 billion barrels. They noted Brent futures have been volatile, trading around $95 per barrel partly on expectations of a near-term peace deal, but cautioned that even with a deal, restoring normal oil flows through the Strait of Hormuz would take time and might never return to pre-war levels.
Financial Post
World·13h ago
Iran ceasefire extended indefinitely, Hormuz blockade to continue: Trump
U.S. President Donald Trump announced an indefinite extension of a ceasefire with Iran that was set to expire, while maintaining a blockade on ships in the Strait of Hormuz. Plans for renewed talks between the two countries collapsed after Iranian representatives refused to attend, citing unreasonable U.S. demands.
National Post