July 21, 2026
It lifts the cap on daily diesel purchases imposed to prevent local shortages
The fund is designed to give both sides economic incentives to finalise a deal
The bloc uses new powers to sanction Iran, warns of applying again “when necessary”
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
