The fresh strikes from the U.S., and the warning Iran issued in return, have brought renewed instability to the markets.

Global oil prices were creeping back toward the $100-a-barrel mark on Tuesday morning as U.S. strikes in southern Iran and uncertainty surrounding negotiations between Washington and Tehran left investors on edge.

The US and Iran are closing in on a deal that would reopen the Strait of Hormuz, senior US officials said Sunday, even as President Donald Trump insisted he would not “rush” into an agreement.

Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.

President Donald Trump insists a peace deal is close on this 88th day of the Iran war, but Iran on Tuesday denounced U.S. strikes a day earlier as a sign of “bad faith and unreliability” as negotiatio

By El Tayeb Siddig, Nafisa Eltahir and Khalid Abdelaziz OMDURMAN, Sudan, May 25 (Reuters) - Farmers across Sudan say the hike ⁠in global ⁠fuel and fertilizer costs resulting from the Iran conflict will ⁠force them to cut back on planting this summer,

President Donald Trump is facing mounting pressure Monday to finalize a peace deal with Iran after lowering expectations that a deal was near. Nearly three months since the start

A deal appears to be emerging between the United States and Iran to end the war and open the Strait of Hormuz, and U.S. President Donald Trump over the weekend said it had been “largely negotiated.” It is not clear when or how the deal might be finalized and when its various parts will take effect.