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Economy

Brent crude falls below $74 for first time since Iran war began

Brent crude dropped below $74 a barrel on Wednesday for the first time since the start of the Iran war in late February, as investors continued to price out the geopolitical risk premium that had driven energy markets higher during the conflict.

Iran

UN launches Hormuz evacuation for 11,000 stranded seafarers

The operation follows a peace agreement between the United States and Iran that ended months of conflict and allowed commercial shipping to resume through one of the world's most important maritime routes.

Iran

Iran and US make progress on Hormuz despite Trump's explosive threats

JD Vance said 18 hours of talks in Switzerland had "laid a very good foundation" after both sides agreed a mechanism to keep the Strait of Hormuz open and maintain Lebanon's ceasefire, even as Trump threatened to hit Iran "only harder".

Markets

Oil slips on US-Iran talks progress as pound falls on Starmer exit

Oil prices retreated on Monday after signs of progress in US-Iran negotiations eased fears of ongoing supply disruptions in the Strait of Hormuz, a critical global oil transit route. In the UK, market watchers turned their attention to the departure of the country's prime minister.

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Iran

Trump warns of Hormuz tolls as ships pass despite Iran's closure claim

Iran's IRGC said it had closed the Strait of Hormuz over Israeli strikes on Lebanon, but CENTCOM said 55 ships carrying 17 million barrels of oil transited unhindered. Trump meanwhile warned of US tolls if a final deal was not reached within 60 days.

Iran

Tehran says Strait of Hormuz remains open after confusion

The Persian Gulf Strait Authority has announced that ships that submit "compliant transit requests" would be allowed to transit the Strait.

Iran

Timelapse video shows ships moving through the Strait of Hormuz since reopening

A timelapse shows vessels moving through the Strait of Hormuz after the US and Iran signed an agreement ending their conflict and reopening one of the world's most important shipping routes.

Iran

US and Iran sign deal, but who really won? Here's what to know

Trump signed the framework deal at Versailles while Pezeshkian signed in Tehran, pledging to reopen the Strait of Hormuz and triggering 60 days of further talks. Analysts say the terms leave Tehran in a stronger position than the deal's framing suggests.

Europe News

Shipping industry wary of resuming Strait of Hormuz navigation

The world's most important energy chokepoint may soon reopen, but insurance markets must regain confidence for the shipping sector to resume normal navigation. Meanwhile, Germany has dispatched two naval vessels for a possible mine clearance operation.

Markets

Oil sinks further as US and Iran strike deal to end war

Crude prices fell further on Thursday after the US and Iran formally signed a memorandum of understanding aimed at ending the war and reopening the Strait of Hormuz, while equity markets gave a mixed verdict in the wake of the Federal Reserve's latest decision.

Iran

Read the full text of the 14-point US-Iran deal as released by Tehran

After a draft agreement was leaked earlier this week, Iranian President Masoud Pezeshkian published Tehran's copy of the framework deal he and US President Donald Trump separately signed on Wednesday. Here are its contents.

Europe News

Berlin reportedly prepping for Strait of Hormuz safeguarding mission

The German defence ministry has said naval units are already on standby for a possible deployment.

Economy

Oil sinks to three-month low as IEA warns stocks at 35-year low

Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end. This comes as strategic oil reserves in advanced economies have fallen to their lowest level since 1990, according to the IEA.

Qatar

Qatar 'cautiously optimistic' on US-Iran deal before Friday's signing

Qatar said the framework agreement to be signed on Friday was a first step rather than a final settlement, adding that it would take time to return to "business as usual" even once the Strait of Hormuz reopens. Trump separately praised Qatar's mediating role and its "great bravery".

Iran

Ships start to trickle through Hormuz, but question of control lingers

Trump said the strait would be "completely open" by Friday, but key details over who will manage the crucial waterway remain unresolved. Meanwhile, Iran has made further claims that it will control Hormuz in the future based on its interpretation of the framework deal with the US.

World News

US allies propose to lead demining mission of Strait of Hormuz

Trump appeared hesitant to accept the European proposal, stressing that the strategic waterway will become open and safe thanks to his tentative deal to end the war with Iran, but remained open to the idea of some naval presence to ensure water safety for commercial passage.

Business

Ibex 35 tops 19,000 points after Iran peace deal

The US-Iran memorandum reopening the Strait of Hormuz sends oil prices tumbling, pushes the Ibex 35 to a record above 19,000 and lifts European bourses.

Iran

Iran declares victory and Israel digs in as US deal faces first test

Tehran declared the US "was forced to sign" a surrender while Iran's military said enemies had "no option but to accept defeat," as Israel said IDF forces would remain in Lebanon, Syria and Gaza "for an unlimited period".

Markets

Oil drops to $80 a barrel and markets rise as Trump touts Iran deal

Oil prices traded over 5% lower on Monday morning after US President Donald Trump announced the completion of the framework for a peace deal with Iran and the reopening of the Strait of Hormuz.

Business

Energy experts warn of slow oil supply recovery after Iran deal

High oil and gas prices and energy supply problems won't be solved overnight, despite Sunday's agreement to end the Iran war and reopen the Strait of Hormuz.