Oil Jumps as US and Iran Trade Strikes, Dispute Hormuz Status


The latest escalation also dimmed prospects for diplomacy. Iran’s Parliament Speaker and top negotiator Mohammad Bagher Ghalibaf declared the “era of one-sided deals is OVER,” while Tehran insisted Washington must first honor prior commitments on Hormuz transits and the normalization of its oil exports before talks can resume. US President Donald Trump, meanwhile, declared the ceasefire “OVER” but said the US remained willing to continue negotiations.



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