Iran is in the 'process of blinking' over the Strait of Hormuz, Petraeus says
Ex-CIA director David Petraeus said that an initial successful peace deal with Tehran would see the Strait opened without any conditions.
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Ex-CIA director David Petraeus said that an initial successful peace deal with Tehran would see the Strait opened without any conditions.
Stocks in Europe are tracking their Asian counterparts higher after Japan's Nikkei 225 breached 65,000 for the first time.
"An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Cou

Binance CEO Richard Teng denied a new WSJ report alleging $850 million in Iran-linked transactions flowed through the exchange to the IRGC.
Missiles could come two years late as Pentagon works to replenish stocks depleted in Middle East military campaign
Abu Dhabi had hit out at countries in region for not doing more to help defend against Iranian attacks
Records seen by FT show Tehran used procurement network in Gulf state that it later hit with missiles and drones
US president plans to announce agreement to end war after talks with Gulf leaders and allies
Government borrowing costs have reached their highest levels since 2007 after three months of the conflict

Trump says Iran deal is ’largely negotiated’, would reopen Strait of Hormuz
A fragile ceasefire has been in place since April 8, punctuated by skirmishes as the U.S. and Iran jockey over the Strait of Hormuz.
With earnings season done, the stock market moves into digestion and distraction territory as investors integrate the whole of corporate data with extracurricul
President Donald Trump said Saturday that the U.S. and Iran are close to an interim deal that will open the Strait of Hormuz.
Shortly after the outbreak of the war with the United States and Israel, Iran took control of the Strait of Hormuz, a key artery for global oil and gas supplies
Top EU officials said Friday that oil and gas prices are expected to remain elevated through at least the end of 2027, with the fallout from the Iran war likely
Oil prices turned to a gain Friday after Iran poured cold water on growing market hopes for a near-term agreement with the United States, reminding traders yet
Global energy market assumptions are breaking down. Until the Iran War, global oil and gas markets were built on a dangerous illusion: that the Strait of Hormuz
Soaring oil prices and a surging dollar are testing Asia’s foreign-exchange reserves, which were built up after the 1997 crisis.
Nearly three months since the fighting began, disagreements remain over the fate of Iran’s uranium stockpile and transit fees for the Strait of Hormuz.
Iran is trying to assert its control over the strait by charging for passage. Experts say it is unlikely to happen, but the threat has unsettled the shipping in