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The U.S. and Iran agree to pause fresh hostilities, sending futures higher. But concerns over the peace talks continue, pushing oil back above $70 a barrel.
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Iran says it targeted U.S. military facilities in Kuwait and Bahrain following U.S. strikes on targets in and around the Strait of Hormuz.
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U.S. forces conducted strikes on Iran on Friday in response to the Iranian drone strike on a Singapore-flagged cargo ship in the Strait of Hormuz, according to CENTCOM.
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;Resize=(620)) Iran launched drone and missile attacks Sunday targeting Bahrain and Kuwait in response to U.S. airstrikes that hit the Islamic republic, and threatened a "complete halt" in negotiations to end the war if Washington continues its attacks.
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Iran sees its control over the Strait of Hormuz as critical leverage in peace talks with the United States. It seems willing to risk the cease-fire to maintain that power.
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