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Aug 2026
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Oil prices jumped up to 5% after Iran’s claims of a strike on a US warship

Brent rally eases after U.S. officials deny incident near Strait of Hormuz

Donald Trump rejects Iran’s proposal as unacceptable

Tehran’s latest proposal had appeared more conciliatory both on the Strait of Hormuz and its nuclear program

Partial climbdown by Iran: Says “yes” to negotiations without lifting the naval blockade, puts nuclear issues and the opening of Hormuz on the table

Tehran is attempting a partial convergence with Washington and says it is ready to enter talks, conditions permitting, early next week. It is linking nuclear issues with sanctions relief. “They want a deal, but we’re not there yet,” Trump said

Iran submits new proposal to US to end the war

Tehran’s latest proposal, delivered through Pakistani mediation, comes at a moment when negotiations appear to have reached a stalemate

Iran denies any involvement in the knife attack on Jews in London

In a post on X, the Iranian embassy in London said it categorically rejects any allegations of the country's involvement in violent activities or incidents in the UK

International Energy Agency: The world is facing the biggest energy crisis in history, says its chief

Brent crude prices jumped to a four-year high today amid concerns that the war in Iran may escalate

Trump rejects Iranian proposal: “We will not lift naval blockade without a nuclear deal”

The U.S. President believes the naval blockade is a more effective form of pressure compared to military strikes

Donald Trump met with Chevron and other oil giants: Concerns over the “war shock” in energy prices

The U.S. president regularly holds meetings with industry executives in order to stay informed about developments. Gasoline prices in the U.S. have reached $4.18 per gallon, the highest level since 2022

32 Greek-interest tankers stranded in the Persian Gulf

Who owns them - More than 150 tankers of international interests are stuck overall

Reuters: United Arab Emirates withdraws from OPEC, a major blow to the oil cartel

The withdrawal of the United Arab Emirates intensifies pressure on the global oil market and reshapes geopolitical balances

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