Oil prices rise despite ceasefire extension

NEWS SUMMARY

Oil prices increased as the US extended a ceasefire with Iran to facilitate peace talks, despite ongoing uncertainty and Iranian attacks in the Strait of Hormuz. Investors remain concerned about the global economic impact of the energy squeeze, with Brent crude nearing $100 a barrel.

Full BriefGenerated 0m ago

Oil prices have edged higher while Europe's main stock markets eased on uncertainty surrounding the prospect of resumed peace talks following an extension to the US-Iran ceasefire. Asian equities had a mixed trading day as investors wait for clarity but broadly expect that both US President Donald Trump and the authorities in Iran want to end a war that has sent oil and gas prices soaring.

This page aggregates and summarizes reporting from Middle East Eye. The Conflict Pulse does not author original reporting. Read the original source for full coverage.

READ ORIGINAL

SHARE ON X WHATSAPP REDDIT

CONFLICT OVERVIEW

Iran

Latest verified updates on Iran’s regional confrontation, U.S.–Israeli strikes, missile retaliation, proxy networks, sanctions, and Strait of Hormuz risks.

SOURCE PERSPECTIVES

How outlets across the bias spectrum are covering this conflict.

left

US expands Iran attacks as Trump warns Tehran and Houthis over Red Sea strikes

The Guardian Middle East

How Chinese tech and Russian tactics are aiding Iran’s bombing of US bases

The Guardian Asia

center

Oman talking with Tehran on Hormuz as US and Iran continue strikes

Al Jazeera

John Esposito's warning against a clash of civilisations has never been more urgent

Middle East Eye