New attacks on shipping as Iran war talks hit fresh impasse
By Elwely Elwelly and Parisa Hafezi DUBAI, Aug 11 (Reuters) - The United States and Yemen's Iran-aligned Houthis reported separate attacks on shipping on Tuesday as prospects for ending the five-month-old Iran war appeared to dim, with Tehran saying the Strait of Hormuz would remain closed unless Washington accepts its conditions. Oil prices gained and global shares retreated amid renewed…
The U.S. and Yemen's Iran-aligned Houthis announced separate attacks on shipping on Tuesday as the chances for bringing an end to the Iran war appeared to wane. Iran's top security official, Mohsen Rezaei, stated that the critical Strait of Hormuz shipping lane would stay shut unless the U.S. complies with Iran's demands, which include releasing Iran's frozen assets and ceasing conflicts in Lebanon and Gaza.
This comes amid the war's ongoing nature, despite U.S. President Donald Trump's assertions of an imminent deal. Oil prices rose and global equities fell, reflecting growing pessimism over a swift resolution to the conflict.
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