The brief
- Mediators are working with Iran and the US on a deal to end fighting and open the Strait of Hormuz
- A Hormuz reopening could ease crude-supply risks for Indian refiners and fuel retailers
- Oil price gains pared as Qatar-US-Iran talks loom
- Japan's Nikkei slips as oil prices and rate concerns weigh
- Cruise Stocks Have Hit Choppy Waters
- Qatar-linked LNG vessel transits through Hormuz increase despite conflict
- Qatar Extends LNG Force Majeure as Hormuz Disruptions Drag On
US-Iran tensions over the Strait of Hormuz
Iran proposed a seven-day plan to reopen the Strait of Hormuz and sought sanctions relief, but Trump rejected its peace offer. Brent rose above $106 a barrel, while market declines reflected concern over a prolonged conflict.
Monday, 28 September
- Mediators working to broker US-Iran deal