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“Brent slipped below the $95-per-barrel mark, while WTI fell below $90, as markets continued to react to the political fallout of the US midterm elections and the possibility of an end to the war with Iran.”

“Earlier in the day, Iran said it had a two-day plan to reopen the Strait of Hormuz and resume nuclear talks with Washington, shortening the timeline from an earlier proposal that was expected to take seven days.”

“The US sees such an arrangement as potentially helping not only to end the Ukraine war but also to ease longstanding tensions between Moscow and America's European allies.”

“Iranian attacks on tankers in the Strait of Hormuz have also disrupted oil exports from the Gulf, adding to regional instability.”

“US President Donald Trump has hinted that his forces in the Mideast would resume strikes on Iran after the US midterm elections on Nov 3.”

“Iran on Saturday vowed not to allow US military ships into the Persian Gulf “under any circumstances”, as tensions with Washington escalated amid threats of further military action by the United States.”

“Washington is also seeking to use the threat of renewed military action as leverage in negotiations over Iran's nuclear programme and control of the Strait of Hormuz, the report said.”

“Strait of Hormuz tensions Cooper attributed the recent increase in Iranian attacks on ships in the Strait of Hormuz to what he described as desperation within the IRGC.”

“On the Middle East, Putin said he hoped the Strait of Hormuz would remain open to shipping and that sanctions on Iran would be lifted.”

“The dispute comes amid tensions over the Strait of Hormuz, a crucial global shipping route, and continued US-Iran military hostilities.”

“The US military has rejected claims by Iran's Revolutionary Guard that it seized an advanced American underwater vehicle carrying out surveillance in the Strait of Hormuz.”

“Escalating tensions between the United States and Iran, including attacks affecting tankers and other energy infrastructure, have disrupted or restricted traffic through the Strait of Hormuz and increased fears of supply shortages, The Daytona Beach…”

“Iran warned on Sunday that any major new attack by the United States and its allies would trigger sustained retaliation, saying it had information that such an operation was being prepared as tensions rose across the Middle East.”

“The conversation came amid growing concerns over the safety of oil supply routes as tensions escalate around the Strait of Hormuz and Bab al-Mandeb, as well as uncertainty surrounding the United States-Iran war, which began on February 28.”