Trump left open the possibility that the United States could impose a toll on ships transiting the Strait of Hormuz if a peace deal is not reached.
Tag: Asia Pacific
Li Fengshan grew up so poor he could only afford one meal a day. Today, the 50-year-old drives a white Maserati SUV, funded by ballooning foie gras profits from his geese farm in eastern China.
U.S. envoy Steve Witkoff and Iranian Foreign Minister Abbas Araqchi were both headed to Switzerland for talks, Axios said on Friday, as a ceasefire in Lebanon appeared to revive efforts to turn an interim Iran war pact into a lasting regional deal.
Abu Dhabi-backed artificial intelligence investor MGX has been exploring buying Singapore-based data centre operator DayOne, three sources said, in what would mark a major step in its global expansion into the technology.
Switzerland said U.S. talks with Iranian negotiators on a pact to end the Middle East conflict would not take place on Friday, as Vice President JD Vance dropped plans to travel to Geneva, adding to uncertainty whether a lasting truce can be found.
Talks that had been planned for Friday between the United States and Iran at the Burgenstock mountaintop resort in Switzerland will not take place, according to a Swiss foreign ministry statement.
Japan is ready to respond appropriately to exchange-rate moves at any time, the government’s top spokesperson said on Thursday as the yen’s renewed slide tests Tokyo’s resolve to prop up the sagging currency.
Iran’s interim deal with the U.S. looks set to bolster Hezbollah’s political and financial hand in Lebanon, with Tehran promising more funding for its ally once cash starts to flow, according to four sources familiar with ties between Tehran and the group.
Oil prices fell about 4% on Tuesday to fresh three-month lows as markets weighed prospects for a resumption of supplies through the Strait of Hormuz alongside weaker physical demand and scant details on a preliminary deal to end the Iran war.
U.S. and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Tehran’s nuclear program to further negotiations.