Oil prices experienced a minor decline on Thursday amid advancing negotiations. Market watchers are closely monitoring the prospective US-I...

Oil prices fell as markets reacted to ongoing discussions between Iran and Oman. The negotiations could pave the way for a peace agreement ...

A proposed Iran-Oman deal would grant Tehran control over ships entering the Strait of Hormuz. Important details remain to be agreed upon r...

The US Treasury Department has removed Fly Baghdad and two aircraft from its sanctions list. This action follows earlier targeting of the a...

The United States has lifted sanctions against Fly Baghdad airline. This action followed an administrative reconsideration process by the U...

The United States is nearing an interim agreement with Iran and Oman. This deal aims to reopen the Strait of Hormuz and restore a ceasefire...

Mediators report progress in efforts to end the US-Iran war, which has driven oil prices lower. Qatar's Emir discussed de-escalation effort...

Iran may permit European nations to clear mines from the Strait of Hormuz. This potential shift could aid peace talks and normalize shippin...

Iran and Oman are making progress on a deal to reopen the Strait of Hormuz. This potential agreement involves shared control and service fe...

The United States expresses hope for a deal with Iran to reopen the Strait of Hormuz soon. Treasury Secretary Scott Bessent indicated talks...

US Secretary of State Marco Rubio reported progress in discussions. These talks involved Iran and Oman regarding ship passage. More vessels...

Qatar is mediating a draft proposal to restart United States and Iran talks. This initiative aims to de-escalate current tensions and preve...

Gulf waterway traffic held steady as United States and Iran talks progressed ambiguously. Bab el-Mandeb strait saw unchanged vessel crossin...

India and Iran are negotiating Chabahar Port management as US seeks peace talks. India seeks a legal guarantee from Iran for port rights. T...

Oil prices saw a decline as tankers continued to move out of the Middle East. Escalating tensions and expanded conflict fronts are impactin...

Brent crude futures were down $0.78, or 1%, at $88 a barrel, while US West Texas Intermediate crude fell $0.88, or 1.1%, to $82. Both bench...

Crude oil prices plunged more than 9% to $88 a barrel after the US paused strikes on Iran and Tehran signalled restraint, boosting hopes of...