Hormuz at Standstill, Denting US-Iran Peace Deal Hopes



(Bloomberg) — Shipping in the Strait of Hormuz was at a near standstill early Sunday after Iran reversed its decision to reopen the waterway and fired on vessels attempting to pass, warning it would block transits as long as the US blockade of Iranian ports remained. Read More



Source link

  • Related Posts

    Iran says there is ‘still a distance’ to peace deal as Hormuz closure halts shipping

    Progress has been made towards a peace deal with some issues “concluded,” Iranian Parliamentary Speaker Mohammad-Bagher Ghalibaf said, but he warned Iran still has a “complete distrust” of the U.S.…

    ‘Firing on all cylinders’: Wall Street strategists expect a strong quarter of earnings growth

    Corporate America is reeling in the profits despite sticky inflation and geopolitical jitters. Big banks have kicked off earnings season with robust results, contributing to a 12% year-over-year earnings growth…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Bank bosses called to meeting with Reeves over impact of Iran war on UK economy | Economics

    Bank bosses called to meeting with Reeves over impact of Iran war on UK economy | Economics

    Muslim Southerners Face a Fresh Wave of Hateful Political Rhetoric

    Iran says there is ‘still a distance’ to peace deal as Hormuz closure halts shipping

    Iran says there is ‘still a distance’ to peace deal as Hormuz closure halts shipping

    I’ve fired one of America’s most powerful lasers—here’s what a shot day looks like

    I’ve fired one of America’s most powerful lasers—here’s what a shot day looks like

    The 5 Airlines With The Largest Boeing 737 Fleets In Early 2026

    The 5 Airlines With The Largest Boeing 737 Fleets In Early 2026

    Gen Z Looks to Nepal as a Test Case of Its Hopes