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Oil prices plunge 10% for the week as Hormuz traffic resumes; Brent settles at $71.99
Higher tanker traffic through the Strait of Hormuz and easing supply concerns drove oil to its steepest weekly decline in months. Brent fell 4.34% on Friday, while WTI slipped below $70
Gradual reopening of the Strait of Hormuz with roles for Pakistan, Oman, and a “freeze” of the nuclear program: What Tehran is requesting in its revised proposal to the US
Sources cited by Al Arabiya report that Tehran is requesting a long-term, multi-phase ceasefire and the transfer of uranium to Russia - Concessions on compensation - Pakistan optimistic about a new round of talks
Analysis: Why Iran struck the Fujairah oil facility and is “dragging” the US & Gulf countries back into war
The strategically important oil facility in Fujairah is critical for the global energy market – The port lies outside the Persian Gulf and is connected to UAE pipelines that bypass the Strait of Hormuz
Keir Starmer: Britain sends 4 Typhoon aircraft to Qatar and helicopters to Cyprus
The first UK charter flight from the Middle East has departed, the British prime minister announced — “Our priority is the protection of our people.”
The WSJ on the negotiations in Oman: Iran rejects the US demand to halt uranium enrichment
Both sides describe the talks as a good start, although neither has moved from its longstanding positions. The United States is also insisting on addressing Iran’s missile program, while Tehran says it wishes to continue working toward a diplomatic solution. U.S. officials say President Trump’s intentions remain unclear for now