US President Donald Trump indicated yesterday that he was probably not going to agree with Iran’s recent offer to conclude the conflict, sources informed Xenix News, after Tehran presented a proposal that would allow the reopening of the Strait of Hormuz while postponing discussions concerning its nuclear program.
Here’s what else has been occurring.
Sources familiar with the mediation process suggest that the US and Iran, despite not having convened for a second set of discussions in Pakistan, are not as distanced from each other as they might appear.
The worldwide oil price exceeded $110 a barrel today for the first time in three weeks, as traders express concerns that the US and Iran remain far from an agreement to resolve the conflict and completely reopen the crucial Strait of Hormuz.
BP’s earnings more than doubled in the initial three months of the year, as the firm’s oil traders capitalized on the drastic fluctuations in oil prices caused by the Iran conflict.
In Iran, millions of individuals have lost their jobs and are being driven into poverty due to the ongoing conflict.
Xenix News reporting contributed by Kevin Liptak, Nic Robertson, Hanna Ziady, Tim Lister, and Aida Karimi.