Financial News

Iran and the U.S. have made little progress toward a deal since they agreed to fragile ceasefire last month.

China and the U.S., the world’s two largest economies, wield great influence over the oil market and are using it to help plug the supply gap.

Vessels have been largely unable to pass through the Strait of Hormuz for months, disrupting key supply chains.

President Donald Trump on Saturday cancelled plans to send U.S. envoy Steve Witkoff and Jared Kushner to Islamabad, Pakistan for negotiations with Iran.

TSMC, whose shares had a hit a record high on Thursday as well, last week reported a 58% increase in first-quarter profit.

American negotiators may be outmatched at the negotiating table by Iran’s experienced diplomatic delegation, says analyst, ahead of potential high-stakes meeting.

Two American warships transited through the Strait of Hormuz for the first time since the start of the conflict.

Energy analysts warn that the Iran ceasefire is not likely to alleviate acute signs of stress in the physical oil market.

A 2-week ceasefire between the U.S. and Iran sparked a broad-based relief rally across risk assets, and even buoying traditional safe havens.

President Donald Trump warned Sunday in an expletive-filled social media post that Iran would be “living in Hell” if they do not open the Strait