- Negotiations are underway between Donald Trump and Masoud Pezeshkian to discuss a future for Iran and ease sanctions.
- US political figures signed a memorandum of understanding with Iranian President Masoud Pezeshkian regarding Iran's return to the global economy.
- The effective closure of the Hormuz Strait following a U.S.-Israeli surprise attack has caused worldwide fuel shock and led to a signed agreement with the Iranian President.
- Conflict escalates with Trump supporting military strikes, causing shipping traffic to stall in Hormuz and fueling a global energy crisis.
Oil revenues in Iraq are declining due to the halt of exports through the Hormuz Strait, leading to financial distress.
1 report, 1 independent
Updated Aug 6
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What happened
Oil revenues in Iraq are declining due to the halt of exports through the Hormuz Strait, leading to financial distress.
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