The United States is awaiting what officials describe as a “serious proposal” from Iran regarding efforts to end the ongoing conflict, as tensions continue to escalate in and around the Strait of Hormuz.
The fragile ceasefire reached between the United States and Iran is under renewed pressure after Iranian media reported that Tehran halted oil tanker traffic through the Strait of Hormuz following a major Israeli
Two oil tankers were hit in suspected attacks in the Gulf of Oman, shipping firms and industry sources said on Thursday, sending oil prices as much as 4% higher a month after four other tankers were damaged by limpet mines in the region.
