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06.05.26 - 18:01
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Oil prices plunge amid reported progress in US, Iran talks (The Hill)
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Oil prices plunged around midday Wednesday as reports emerged that the U.S. and Iran are nearing an agreement on a one-page memorandum that could result in the reopening of the Strait of Hormuz. The international benchmark, Brent crude oil, reached $101.75 at 11 a.m. EDT while West Texas Intermediate hit $95.60, according to Reuters. Stock......
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06.05.26 - 17:45
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China Wants Iran War End, Pushes ′Immediate′ Hormuz Reopening During Araghchi Visit Ahead Of Trump-Xi Summit (ZeroHedge)
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China Wants Iran War End, Pushes 'Immediate' Hormuz Reopening During Araghchi Visit Ahead Of Trump-Xi Summit
Iranian foreign minister Abbas Araghchi is currently in Beijing meeting with his Chinese counterpart, FM Wang Yi, and the timing of the visit sends a resounding message to Washington and the West. The highly anticipated Trump-Xi meeting is still scheduled for next week, expected for May 14-15, though there has been ample speculation the ongoing events of the unpredictable Iran war and Hormuz Strait crisis could derail the trip at the last minute.
Of course, Iran and the question of peace will be high on the agenda as Trump visits - and currently it seems the White House is desperate to set in place some kind of final offramp, given the Tuesday night 'pause' in Project Freedom operations in the Gulf.
Upon the occasion of Araghchi's visit, Foreign Minister Wang has taken the opportunity to again call for the immediate opening of the strait. And the Iranian top diplomat seconded this ...
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06.05.26 - 17:24
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Wie Syrien seine Neutralität im Iran-Krieg nutzt (DW)
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Syrien hält sich bewusst aus dem Krieg mit dem Iran heraus - und versucht genau daraus Kapital zu schlagen. Die neue Führung in Damaskus präsentiert das Land als neutralen Vermittler und möglichen Energiekorridor....
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06.05.26 - 16:36
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Oil prices fall below $100 a barrel as Trump hails ′great progress′ on Iran deal (The Guardian)
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Markets rally as US president announces 'short' pause to operation escorting ships through strait of HormuzBusiness live – latest updatesOil prices have fallen below $100 and stock markets rose as Donald Trump touted “great progress” towards a “final agreement” with Iran, and Tehran indicated it was ready to reopen the strait of Hormuz.The US president said he would briefly pause his “Project Freedom” operation escorting ships through the strait, which carries about a fifth of the world's oil supplies but has been blockaded by Iran since late February, triggering a global energy crisis. Continue reading......
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06.05.26 - 16:21
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Israel Says Preparing For Escalation With Iran, Didn′t Know Deal Was Close: ′Series Of Targets Ready′ (ZeroHedge)
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Israel Says Preparing For Escalation With Iran, Didn't Know Deal Was Close: 'Series Of Targets Ready'
Wednesday saw yet another early morning Axios 'scoop' that within hours of being issued proved premature and too out front, given talk of Iran and the US being 'close' to a deal was quickly denied by Tehran and even President Trump quickly acknowledged it's "too soon" to plan peace talks with Iran.
But the headline of "US and Iran closing in on one-page memo to end war" was enough to raise alarm bells in Israel, which has insisted that the conflict must end with a nuclear-free Iran.
Maj. Gen. Eyal Zamir, via IDF/TOI
"Israel was unaware that US President Donald Trump was close to reaching an agreement with Iran to end the fighting and open the Strait of Hormuz," an Israeli official told Army Radio soon after the optimistic peace deal headlines went international.
"We were preparing for an escalation," the official said. Indeed the last couple week...
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