Trump threatens fresh strikes on Iran

APA Corporation’s Forties Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices climbed Monday after U.S. President Donald Trump threatened renewed military action against Iran, raising concerns about the durability of a fragile interim peace agreement reached last week. Trump made the threat on Sunday, even as Vice President JD Vance met…

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Strait of Hormuz reopening may take weeks

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. Stringer | Reuters It will take weeks to clear the backlog of ships in the Strait of Hormuz, industry executives and shipping experts have warned, as the critical waterway is set to reopen. Oil prices initially dipped below $80 per barrel…

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