Qatar Reports Progress in US-Iran Peace Efforts Amid Conflicting Claims
Qatar reported that mediators are advancing efforts to end the U.S.-Iran war, prompting a drop in oil prices on Tuesday. However, Tehran denied U.S. President Donald … Read more
Strait of Hormuz
Oil Prices Hit 3-Week Lows as US Negotiates to Reopen Strait of Hormuz
US officials announced on August 4, 2026, that negotiations to reopen the Strait of Hormuz are progressing, leading global oil prices to drop to three-week lows. … Read more
US and Qatar Report Progress on Iran Ceasefire and Hormuz Strait Reopening
US and Qatari officials have reported progress in efforts to restore a ceasefire in the US-Iran war and reopen the strait of Hormuz, a strategic waterway … Read more
Dow Jumps 1,000 Points as Bessent Hints at Potential Iran Shipping Deal
Stocks surged on August 4, 2026, as Treasury Secretary Scott Bessent hinted at a potential Iran deal to reopen the Strait of Hormuz, while oil prices … Read more
SA Fuel Price August 2026: Petrol Drops as Diesel Surges R1.38
South African motorists face a split pump reality for August 2026, as petrol prices drop by 52 cents a litre while diesel users absorb steep increases … Read more
Wall Street Rises on Amazon Surge Despite Oil Price Gains
Wall Street advanced broadly, driven by Amazon’s 15% profit surge and receding oil prices amid hopes for reopening the Strait of Hormuz. The New York Stock … Read more
Scott Bessent: US and Iran May Reach Deal to Reopen Strait of Hormuz
Treasury Secretary Scott Bessent announced that the United States and Iran could reach an agreement as early as Tuesday or Wednesday to reopen the Strait of … Read more
Trump Warns Iran Faces Last Chance Before Decapitation Amid Ongoing Talks
US President Donald Trump warned Iran on Monday that it faces a final last chance before decapitation, insisting that negotiations are ongoing despite Tehran’s denials. The … Read more
Iran Seeks Control of Hormuz Inbound Traffic in Oman-Led Reopening Plan
Iran demands inbound control and outbound oversight of the Strait of Hormuz under a temporary plan discussed with Oman to reopen the strategic waterway. The vital … Read more
Trump Cancels Iran Strikes Amid New Strait of Hormuz Talks
President Donald Trump abruptly canceled planned military strikes on Iran while citing new negotiations over shipping routes in the Strait of Hormuz, marking the latest cycle … Read more
BP profits double to $5.73B as US-Iran conflict drives up oil prices
BP reported second-quarter profits that more than doubled to $5.73 billion (£4.27bn) for the period ending June 30, 2026. The surge was driven by skyrocketing oil … Read more
Dow Hits Record High as US-Iran Tensions Ease and Amazon Tops $3 Trillion
U.S. stocks surged on August 3, 2026, sending the Dow Jones Industrial Average to a record closing high of 53,178.41. The rally followed signs of de-escalating … Read more