Iran and Israel have signed a 60-day ceasefire extension mediated by the US, leading to the reopening of the Strait of Hormuz for oil flows. Amidst these developments, the IAEA reported on Iran's enriched uranium levels prior to June 2025 air strikes. Additionally, a separate ceasefire agreement between Israel and Hezbollah is set to begin this Friday.
A senior Lebanese official criticizes the US-brokered agreement with Israel, warning it could deepen political rifts and undermine stability.
Read the full storyCrude oil prices moved closer to pre-war levels as stranded tankers began leaving the Strait of Hormuz, driven by an initial accord between the U.S.-Israeli alliance and Iran to end the conflict.
The US issued a temporary waiver for Iranian oil sales until August 21, as maritime traffic in the Strait of Hormuz plunges to one-third of normal levels.
A new poll reveals 92.1% of Israelis view Iran as the victor in the recent conflict following a US-brokered deal that many believe weakened Israel's security.
Intelligence reports suggest PM Netanyahu may derail a proposed accord to reopen the Strait of Hormuz amid election pressure and ongoing military operations.
WTI and Brent crude prices rose as Tehran conditioned the resumption of nuclear talks with the U.S. on a ceasefire in Lebanon.
Israel and Hezbollah have reached a ceasefire agreement mediated by the U.S., scheduled to take effect this Friday to halt ongoing hostilities.
The IAEA estimates Iran holds over 440kg of highly enriched uranium, creating a significant hurdle for diplomatic resolution in ongoing nuclear negotiations.
The US-mediated 60-day extension includes reopening the Strait of Hormuz to oil tankers, aiming to restore global energy flows.