Trump sets Monday Iran talks as Hormuz closure hits oil trade
Why it matters: Iran has largely shut the Strait of Hormuz, which carried about 20% of global oil and LNG before the war.
Subject
#Abbas Araqchi
Iran threatens to strike allied oil fields if attacked again
The warning raises the risk of global energy supply disruptions, as Kuwait reports Iranian drones were headed for vital facilities.
Series: Iran · US Iran Military Escalation · 17 chapters since Jul 13Trump threatens strikes on Iranian power plants over Hormuz attacks
Why it matters: Brent crude climbed above $94 a barrel as tanker reroutings spread from Hormuz to the Red Sea.
PBS NewsHour, The Straits Times +1
Trump threatens to control Hormuz Strait, levy 20% cargo fee
Iran rejected the claim, while two UEA tankers were attacked in Oman waters as tensions widened.
Republika, CNBC Indonesia +1
US and Iran restart Swiss talks after Lebanon ceasefire holds
What's next: technical negotiations could test whether this week's 60-day pact can become a broader regional truce and reopen Hormuz shipping.
The Straits Times, Antara News
US-Iran interim deal extends ceasefire 60 days, reopens Hormuz
What's next: negotiators are due in Geneva on June 19 to tackle harder issues, including Iran's nuclear program and a lasting truce.
Bloomberg, BBC News (World) +5
U.S., Iran prepare peace draft as Hormuz drone is shot down
The draft would free up frozen Iranian assets, ease oil sanctions and launch 60-day nuclear talks; signing could come as soon as June 14 in Geneva.
Antara News, CNN Indonesia +3
US rejects leaked Iran deal terms as draft talks near accord
What's new: Washington says sanctions relief and frozen funds would come only after Iran meets its obligations.
The Straits Times, The Hill