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U.S.-Iran Strikes Push Oil Above $100 as Hormuz Tensions Mount
OilPrice.com·US · IR·about 2 hours ago
Iranian President Pezeshkian proposed returning to the June ceasefire deal at the SCO summit in Bishkek, hours after Iran and the US exchanged fire over the weekend. However, IRGC conditions—control of the Strait of Hormuz and war compensation—remain unacceptable to Washington, casting doubt on the offer's viability. This marks a potential diplomatic opening amid ongoing military tensions, but the gap between the parties' positions suggests limited near-term progress.
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