Oil gains 2% as Trump signals no retreat on Iran stance
Brent crude surged 2.1% to US$89.70 a barrel after Trump rejected returning to Iran's June memorandum, signalling no softening on the Islamic Republic amid escalating Middle East tensions.
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Iran and Oman Near Agreement on New Strait of Hormuz Shipping Arrangements
Iran and Oman are finalising a new agreement governing commercial shipping through the Strait of Hormuz, establishing routes through Iranian territorial waters under a framework distinct from past practices.