June 04, 2026
Trump says he hopes to reach a "great deal" to end the war, but he does not want to extend the ceasefire
Iraq and Kuwait revenues plunge, while Iran, Oman, Saudi rise
It offers war-risk guarantees, but most shippers still avoid Hormuz transit
Lack of diplomacy from Washington and Tehran signals prolonged conflict and soaring oil prices
Tehran threatens a global energy catastrophe as the death toll nears 2,000
Analysis shows the ship’s destination listed as China
Crude oil rose about 8 percent amid widening Iran conflict disrupting supplies
Oil prices surge 13 percent above $82 as Strait of Hormuz closure halts shipping
