Time is rapidly running out for Donald Trump’s ultimatum to Iran, with the American president warning that Tehran faces devastating consequences if it fails to reopen the Strait of Hormuz before his deadline of 8:00 p.m. EDT Tuesday (00:00 GMT Wednesday).
Danube Group Chairman Rizwan Sajan has assured the company’s 6,000+ workforce that there will be no layoffs and salaries will be paid on time despite the geopolitical uncertainty the region is facing now.
Oil prices continued to climb on Thursday with no sign of easing, as markets priced in a prolonged supply squeeze from the Middle East following stalled negotiations and firm signals from Donald Trump that the blockade on Iran will remain in place.
US President Donald Trump on Thursday warned the US military will destroy bridges and electric power plants in Iran, even as the world awaited an end to the conflict.
Oil prices could rise to $120–$130 a barrel in the near term, with a risk of climbing above $150 if supply flows through the Strait of Hormuz remain disrupted into mid-May, according to a JP Morgan note cited by Reuters.
US President Donald Trump has said that he is going to keep Iran under a naval blockade until the regime agrees to a deal that addresses US concerns about its nuclear programme.
Diplomatic efforts to end the ongoing US-Iran conflict showed little progress on Monday, as talks remained stalled and Iran’s top diplomat travelled to Russia for high-level consultations, while US President Donald Trump signalled a tougher stance on negotiations.
Fresh diplomatic momentum is building around possible talks between the United States and Iran, with both sides signalling cautious openness even as they stop short of confirming direct engagement.
Hours before the US-Iran ceasefire was to end, US President Donald Trump said he is extending the truce until Tehran has submitted a proposal to end the war.
The US military said on Tuesday it had seized a tanker linked to Iran in international waters, its latest apparent action to enforce a blockade, with time running out on a ceasefire and the prospect of last-ditch further peace talks still up in the air, reported Reuters.
