Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supplies tight. MORE..
11 May 2026 (7:50 AM)
Iran s proposal to end the war with the US and reopen the Strait of Hormuz was legitimate and generous, Foreign Ministry Spokesperson Esmaeil Baghaei said on Monday (May 11), adding that the US continues to uphold unreasonable and one-sided demands. MORE..
11 May 2026 (4:50 PM)
local
11 May 2026 (4:57 PM)