|
Oil prices jumped on Monday after Israel warned that the conflict with Iran was still ongoing.
|
|
China has cushioned the worst of the energy shock through its strategic oil stockpiles and a diversified mix of renewable energy sources.
|
|
Markets eye three high-stakes political stories this week, with the U.S., Iran, China and the U.K. front and center.
|
|
Aramco says its East-West pipeline has helped to mitigate the energy shock caused by the Iran war.
|
|
The United States and Iran have been discussing a 30-day extension to their cease-fire and a reopening of the Strait of Hormuz.
|
|
;Resize=(620)) May 10, 2026 | Four Canadians from a cruise ship with a deadly hantavirus outbreak fly home to isolate. Trump says Iran's peace plan response is ‘totally unacceptable.' And, Go Public uncovers how WestJet may be avoiding compensating passengers for cancelled flights.
|
|
The Strait of Hormuz trade route remains effectively shut, disrupting the global energy shipments.
|
|
Iran delivered its response to Pakistani mediators on Sunday, according to the state-run Islamic Republic News Agency.
|
RELATED ARTICLES | | | | |
|
Washington has sought to press Beijing to lean on Tehran to reopen the strait, though China's appetite to act as a pressure mechanism remains unclear.
|
RELATED ARTICLES | | |
|
No details have been released of Iran's response - or the US proposals - designed to bring the war to an end.
|
|
The focus from the Iran war will likely take center stage during the talks, which could leave less scope to resolve issues like tariffs and rare earth supplies.
|
|
The U.S. conducted "self-defense" strikes against Iranian targets after Iran fired at U.S. destroyers in the Strait of Hormuz on Thursday, according to CENTCOM.
|
|
On Saturday, the small Persian Gulf island of Bahrain said it had arrested 41 people it said are part of a group affiliated with Iran's Revolutionary Guard.
|
|
The oil giant's earnings in the first three months of the year were more than double the previous quarter's and follow similarly strong results of European rivals.
|
|
