The Strait of Hormuz is closed again. Is this the end of the Iran-US ceasefire?

Iran’s reclosure of the Strait of Hormuz has strained its tenuous ceasefire with the United States but will not necessarily send the two countries sliding back into war, according to analysts. However, Israel was a wild card, they said, following renewed Israeli strikes on Lebanon. The US and Iran agreed to the ceasefire on Tuesday, just before US President Donald Trump’s deadline for Iran to reopen the strait or risk being sent back to the “Stone Ages”. Trump said he agreed to “suspend the...

By Fan Chen,Alyssa Chen

Oil prices near $100 again as Strait of Hormuz remains backed up

Will gold rise to Rs 1.65 lakh/10 grams & silver touch Rs 2.70 lakh/kg?

Gold and silver price prediction today: Both gold and silver prices are seeing some bullish bias and are likely to see a steady rise in the coming days, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.

By TOI BUSINESS DESK

U.S. crude oil retakes $100 level as Iran continues to restrict Strait of Hormuz traffic

Iran To Allow No More Than 15 Vessels Per Day Through Hormuz: Russian Media

Iran To Allow No More Than 15 Vessels Per Day Through Hormuz: Russian Media Despite the positive development of a shaky US-Iran ceasefire holding, the reality is that Tehran still maintains de facto control over the vital Strait of Hormuz waterway. A mere few vessels passed without incident on Wednesday, before Iran's military closed the strait again, citing Israel's massive attacks on Lebanon. The Associated Press has emphasized Thursday, "Iran's approval system for ships grant...

By Tyler Durden