Iran says no progress on interim peace deal with US — Reuters
The United States (US) and Iran remain at loggerheads over efforts to agree a permanent end to the war in the Middle East, Reuters reported on Wednesday.
The United States and Iran continue to clash over reaching a permanent peace deal, as no progress has been made in talks to revive the interim agreement, according to a senior Iranian source. US President Donald Trump asserts total control over the Strait of Hormuz, while Iran maintains that the waterway remains obstructed. The US Central Command has continued to pressure Iran through a port blockade, forcing ships to alter course and deploying fighter jets from the USS George H.W.
Bush. Simultaneously, Iran-backed Houthi rebels attacked a cargo ship in the Bab el-Mandeb Strait, killing six people. In response, the US military shot down a container ship suspected of breaching Washington's blockade in the Gulf of Oman. WTI Oil prices are currently 0.11% higher at $82.90, influenced by factors such as global growth, political instability, OPEC decisions, and the US Dollar's strength.
The oil market's value is highly sensitive to changes in supply and demand, as well as geopolitical tensions.
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