ISLAMABAD/WASHINGTON/TEL AVIV, May 6 (Reuters) – Iran said on Wednesday it was reviewing a new U.S. proposal, after sources said Washington and Tehran were closing in on a one-page memorandum to end the war in the Gulf while leaving tricky issues such as Iran’s nuclear programme for later. An Iranian foreign ministry spokesperson, cited by
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DUBAI, United Arab Emirates, May 6, 2026 (AP) — U.S. President Donald Trump said Tuesday evening he was pausing the U.S. effort to guide stranded vessels out of the Strait of Hormuz to allow time for a deal to end the Iran war, but that the American forces’ blockade of Iranian ports would remain in
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A drone view shows the Malta-flagged tanker Agios Fanourios I, an oil tanker that sailed through the Strait of Hormuz, arriving in Iraq’s territorial waters off Basra, Iraq, April 17, 2026. (Photo: Reuters) -
A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. (Photo: Reuters)
MELBOURNE, May 6 (Reuters) – Oil prices fell for a second day on Wednesday on expectations bottled up supply from the key Middle East producing region could resume flowing after U.S. President Donald Trump indicated a possible peace deal may be reached to end the war with Iran. Brent crude futures for July fell $1.52,
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WASHINGTON, May 5 (Reuters) – President Donald Trump on Tuesday dismissed Iran’s military capability and said Tehran “should wave the white flag of surrender” but is too proud to do so. Trump told reporters in the Oval Office that Iran’s military has been reduced to firing “peashooters” and that Tehran privately wants to make a
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