Oil and gas

US, Iran may resume talks this week despite port blockade

Signs that diplomatic engagement might continue have calmed oil markets

Investors have latched on to hopes for an Iran war off-ramp, lifting the overall market mood.

Asian stocks rise on US-Iran deal hopes amid Hormuz blockade, oil falls

Since the US and Israel launched the war in late February, the Trump administration has taken repeated steps to contain prices

A billboard on a building in Tehran on April 13 declaring that the Strait of Hormuz belongs to Iran.

What to know about the US blockade of Iran’s ports 

The ultimate aim of a blockade would be to cut off Iran’s oil flows, severing a vital financial lifeline for the regime 

Iran has warned that military vessels approaching the Hormuz strait would be considered a ceasefire breach.

What does a US naval blockade of Iran mean for oil flows?

Blocking Iran shipments would take a major source of oil offline

US President Trump said that the US Navy will begin destroying mines that the Iranians had dropped in the Strait of Hormuz.

US to blockade ships going to and from Iran after peace talks fail

Iran warns of harsh response to blockade, accuses US of maximalism in talks

It is unclear how Trump’s plan to blockade vessels coming through the Hormuz straits will impact the waiver or existing purchases of Iranian oil.

Ships with Iran oil anchor off India as Trump announces blockade of Hormuz strait

US waived sanctions against Iranian oil in March, allowing purchases of crude already on the water

Any military vessels attempting to approach Hormuz would be considered a violation of the ceasefire, says Iran

Oil tankers steer clear of Hormuz ahead of US blockade following failed peace talks with Iran

Any military vessels attempting to approach Hormuz would be considered a violation of the ceasefire, says Iran

Trump’s son-in-law Jared Kushner (left), special envoy Steve Witkoff (centre) and Vice-President JD Vance (right) at a news conference in Islamabad on Apr 12.

US-Iran peace talks end without agreement, delegations leave Pakistan

No change in Hormuz as long as US does not agree to a ‘reasonable deal’, Iran media quotes informed source as saying

The reopening of the Hormuz strait was a crucial point of discussion during the peace negotiations in Pakistan.

Two supertankers make U-turn in Hormuz as US-Iran peace talks in Pakistan break down

The reopening of the strait had been a crucial point of discussion during the peace negotiations