Trump may drop nuclear demands if Iran reopens Hormuz
The Wall Street Journal reports that US President Donald Trump is prepared to end the military standoff with Iran and drop demands for a nuclear agreement if Tehran fully reopens the Strait…
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China cuts crude imports, balances Asia demand as Iran war tightens supply
China has slashed its crude imports to offset the disruption from the Iran war, with arrivals in July at 8.41 million barrels per day (bpd), still 24.3% below last year but up…
Asian stocks rally, oil rises as Iran rejects US talks
Asian shares mostly rose on Monday after the S&P 500 closed at a record high on Friday, but gains were capped by oil prices climbing above $84 a barrel. Japan's Nikkei 225…
Iran appoints ex-IRGC chief Rezaei to top security post
Iran has appointed former Islamic Revolutionary Guard Corps chief Mohsen Rezaei as secretary of the Supreme National Security Council, replacing Mohammad Bagher Zolghadr. The move, announced on Sunday through presidential channels and…
Brent crude nears $85 as Hormuz reopening stays uncertain
Brent crude rose 91 cents to $84.46 a barrel on Monday as uncertainty over reopening the Strait of Hormuz persisted. Both Brent and WTI had fallen more than 7% last week on…
Russia proposes direct rail link to India via Pakistan
Russian Deputy Prime Minister Marat Khusnullin has proposed a direct rail link from Moscow to the Indian Ocean to bypass the Bosphorus and Hormuz straits, which face risks from conflicts. The route…
Trump low-keys Iran, may drop nuclear demand for strait
President Donald Trump has signalled a shift towards economic pressure on Iran, saying the US is ‘low keying it’ and watching Iran’s soaring inflation and lack of funds. According to The Wall…
Trump says US ‘low keying it’ with Iran, stresses economic pressure
US President Donald Trump said Sunday the US is taking a 'low key' approach towards Iran, favouring economic pressure over new military strikes. In a phone call with Axios, Trump said Washington…
Crude oil, West Asia, inflation data to guide markets this week
Indian stock markets face a volatile week ahead, with crude oil prices, West Asia tensions, and inflation data set to dictate direction. Analysts point to developments around the Strait of Hormuz and…
Iran Guards Say Strait of Hormuz Stays Closed Until Demands Met
Iran’s Revolutionary Guards said on Sunday they will not reopen the Strait of Hormuz until the United States meets a list of demands, including compensation for war damage, an end to the…
