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Oil prices tumbled more than six per cent on Monday after the US and Iran paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz. Brent crude futures fell $6.20, or 6.4pc, to $90.58 by 0620 GMT after briefly slipping under the key support level of $90 earlier in the session. US West Texas Intermediate crude was at $83.51 a barrel, down $5.80, or 6.5pc. Both contracts are trading at their lowest levels in nearly a week after rising for the past three weeks. Brent had reached $100 per barrel as the conflict, which reduced oil shipments via the Strait of Hormuz, spilled over to the Red Sea, hindering exports from the world’s top exporter, Saudi Arabia, via the Bab el-Mandeb strait to Asia. The US ambassador to the United Nations, Mike Waltz, told Fox News on Sunday and other US media that President Donald Trump had decided to pause US attacks to allow more time for diplomacy. “Oil ...

Goedemorgen, Opvallend van afgelopen weekend was dat de Verenigde Staten geen aanvallen op Iran heeft uitgevoerd, en andersom ook niet.

De olieprijs is in de nacht van zondag op maandag flink gedaald, nadat naar buiten was gekomen dat de VS en Iran elkaar tijdelijk niet meer aanvallen. 

ETH outperforms BTC, hinting at potential altcoin rally, as the U.S. and Iran hold fire and oil drops.

After weeks of friction with Washington, Netanyahu is heading to the White House with moves on Gaza and Lebanon meant to prove he is cooperating with Trump. But the main issue dividing them remains Iran, where Netanyahu wants U.S. support for renewed military action as Trump weighs diplomacy

• Diplomatic sources say Pakistan remained in touch with Tehran, Washington, Riyadh and Beijing during latest US bombing campaign • Turkish FM reaches out to Qatari, Pakistani leadership • Waltz says lull in strikes is Trump ‘making room for talks’ • Iran also stops retaliatory attacks on US bases • US media claims ammunition shortages, generals’ opposition forced president to halt bombing WASHINGTON / TEHRAN: As US hostilities towards Iran ease, diplomatic sources in Washington said that Pakistan and other mediators had played a significant role in efforts that helped halt the second round of bombing and create conditions for another pause in fighting. After 13 nights of intensifying US airstrikes on Iran, the Pentagon abruptly suspended the campaign late on Friday, with no attacks reported on either Saturday or Sunday. Iran, which had been following each night of US attacks with its own strikes on neighbouring cou­n­­­tries that host American bases, has also so far held fire for two days. Diplomatic sources...

The Pentagon suspended bombing operations after nearly two weeks of escalating strikes. Meanwhile, Saudi television channel Al Hadath reported that the United States and Iran had responded to mediators' proposals aimed at restarting talks between the two countries

Iran said on Sunday it has halted retaliatory attacks against US allies in the Middle East after Washington stopped its strikes on the country for the past two nights. The Iranian declaration came after Washington paused a war nearing its fifth month and reports emerged that concerns over dwindling munitions were restraining plans for further escalation. “These attacks continued until two nights ago, but over the past two nights the Americans have stopped their attacks,” said army spokesman Mohammad Akraminia. “Since… our strategy has essentially been retaliatory, we have also halted our retaliatory operations.” Fighting over the strategic Strait of Hormuz derailed diplomatic efforts between Washington and Tehran, but the conflict then expanded beyond the vital energy corridor to include attacks on US bases, regional shipping and Gulf allies. But the recent lull has revived hopes of a return to negotiations after nearly two weeks of consecutive nightly US bombardments, although US media reported the pause cou...

Iran bevestigt dat het is gestopt met vergeldingsaanvallen op landen in het Midden-Oosten waar de Verenigde Staten troepen hebben gelegerd. De aanleiding is dat de VS sinds vrijdag na ongeveer twee weken het bombarderen van Iran heeft gestaakt.

According to The New York Times, Trump was concerned that a broader military operation could deplete U.S. air defense stockpiles and trigger a wider regional conflict. Haaretz reported Saturday that Israeli officials had anticipated a large-scale U.S. operation against Iran over the weekend

Iran passed another night without US airstrikes between Saturday and Sunday, as Washington paused a war nearing its fifth month and reports emerged that concerns over dwindling munitions were restraining plans for further escalation. The lull has revived hopes of a return to negotiations after nearly two weeks of consecutive nightly US bombardments, although US media reported the pause could also reflect pressure on stockpiles of Patriot interceptors and other defensive weapons. Fighting over the strategic Strait of Hormuz derailed diplomatic efforts between Washington and Tehran, but the conflict then expanded beyond the vital energy corridor to include attacks on US bases, regional shipping and Gulf allies. However, US operations against Iran were “on a hold”, CNN reported, quoting an unidentified Pentagon source, even as US President Donald Trump threatened a “much higher level” of strikes on Friday. Plans to escalate the campaign have been shelved in part because of those shrinking supplies, The New York ...

Trump said Iran would 'love to make a deal' and that the war 'is going extremely well. Don't believe the fake news' while speaking at the White House Correspondents' Association dinner. He is is set to meet Netanyahu on Tuesday

ISLAMABAD: As efforts continue to prevent the conflict in the Gulf from widening, Iran on Friday called for expanding strategic cooperation with Pakistan, describing Islamabad’s diplomatic engagement as an important contribution to regional peace and stability. “Pakistan has played a constructive diplomatic role in facilitating negotiations and advancing efforts towards regional peace and stability,” Iran’s Ambassador to Pakistan Reza Amiri Moghadam said while delivering the keynote address at a roundtable discussion, organised by the Centre for International Strategic Studies. “Strengthening our bilateral cooperation is essential for addressing contemporary security challenges in West Asia,” he said. The discussion, titled Pakistan-Iran Relations and Strategic Stab­i­lity in West Asia, brought together diplomats, academics, defence analysts and researchers to examine the future trajectory of Pakistan-Iran relations against the backdrop of an increasingly volatile regional security environment. Opening the di...

De Verenigde Staten voeren al bijna twee weken dagelijks aanvallen uit op Iran, dat steevast terugslaat met luchtaanvallen op Amerikaanse doelen in het Midden-Oosten. Een einde aan de vijandelijkheden die bijna vijf maanden geleden begonnen raakt steeds verder uit zicht.

German defense leaders have little hope for peace in Iran soon, pulling back two navy ships meant to support a post-war mission in the Strait of Hormuz.

The meeting comes amid tensions between Jerusalem and Washington over the Iran war and Israel's Lebanon operations. Sources told Haaretz that the U.S. seeks to pressure Israel over Lebanon, with VP JD Vance accusing Israel of promoting a 'perpetual war' campaign

Four sources told Reuters that Iran sent IRGC commanders, military advisers and missile and drone-related equipment to Yemen aboard a July 13 flight, as Tehran seeks to bolster its Houthi allies' ability to threaten Red Sea shipping

Bitcoin fell below $65,000 as surging oil prices and higher Treasury yields triggered a broader retreat from risk assets. Data from CryptoSlate shows the largest cryptocurrency traded near $64,980 as Brent crude remained on track for a weekly gain of almost 10%. Oil settled 7% higher at $100.69 a barrel on July 23, its first […] The post Bitcoin declines below $65,000 as Trump threatens Iran after tanker attacks send Oil above $100 appeared first on CryptoSlate.

Tehran reportedly rejected a truce proposal that leaves the Strait of Hormuz unresolved as Iran expanded drone attacks on U.S. military facilities in Kuwait, Bahrain and Jordan

US forces launched a fresh wave of strikes on Iran for the thirteenth consecutive day early on Friday after President Donald Trump vowed “major military punishment” for Tehran and its Houthi allies over attacks on two Saudi oil tankers in the Red Sea by the Yemeni rebels. The Houthi rebels, who control northern and western Yemen, said this week they were imposing a naval blockade on Saudi Arabia, which has diverted millions of barrels of oil per day by pipeline to the Red Sea to get around Iran’s blockade of Gulf oil through the Strait of Hormuz. Now, attacks in the Red Sea have extended the Middle East war to a second major shipping chokepoint. Fears that the disruption could widen to block another sea route sent global oil prices surging in one of the steepest rises of the war, which began with US-Israeli attacks on Iran in late February. Brent crude rose more than six per cent on Thursday, piercing the level of $100 a barrel for the first time since May. Early on Friday, Brent futures eased 72 cents, or 0....