- Donald Trump is considering a deal to extend the Iran ceasefire.
- Trump sought a peace deal with Iran while Israel intensified its campaign against Iran-backed militias.
- Trump links Iran deals to Abraham Accords involving Israel.
- Proposed agreements are contingent on joining the Abraham Accords, while the Strait of Hormuz remains under Iran’s chokehold, impacting global energy markets.
Operations imposing a costly blockade on Iran are underway, affecting the Hormuz Strait and global energy prices.
2 reports, 1 independent
Updated Jan 1
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What happened
Operations imposing a costly blockade on Iran are underway, affecting the Hormuz Strait and global energy prices.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Geopolitical tensions are causing market sentiment issues, leading to gains in the mining sector (BHP) and drops in shipping traffic due to the situation around Hormuz.Sub-event
Blockade operations in the Hormuz Strait affect global energy markets and consumer prices.1 source
Keep exploring
Part of
Proposed agreements are contingent on joining the Abraham Accords, while the Strait of Hormuz remains under Iran’s chokehold, impacting global energy markets.Also in this story
- Iran publicly rejected claims of control over the vital Hormuz chokepoint.
- Goldman Sachs estimated oil dependence on Hormuz as Iran asserts authority over shipping routes, creating leverage.
- The war in Iran is accelerating the global energy transition away from fossil fuels, while Iran leverages control of the Strait of Hormuz for geopolitical gain.
Within Donald Trump is considering a deal to extend the Iran ceasefire.
The entities involved
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Hormuz
city in Hormozgan Province, Iran
- Peace talks between the US and Iran are underway in Switzerland, focusing on a potential Lebanese border ceasefire and maritime access through the Strait of Hormuz.
- Qatar mediated negotiations between the US and Iran regarding the Strait of Hormuz, amid threats of blockades and soaring energy prices.
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Iran
village in North Ossetia, Russia
Related events
- Azerbaijan is offering alternative energy supply and transit routes, demonstrating global energy market vulnerabilities.
- Trump's war against Iran drives global oil prices up, while David Urban monitors the president's approach to economic issues.
- Marco Rubio and Ed Miliband discussed global energy security and Iran's actions in the Strait of Hormuz during a meeting in London.
- The crisis stemming from the Iran conflict and Strait of Hormuz closure is now causing major logistical problems for the global aluminum market.
- Signals shift to economic pressure regarding the ongoing Iran war.