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Commodities

Hormuz Deal Nears Amid Rising Regional Tensions

Guavy AI Editorial Team
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Oil
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Iran claims to be near a deal with Oman over the Strait of Hormuz, while US President Donald Trump hints at an announcement this week. The agreement aims to ease tensions in the region.

The Strait of Hormuz is a critical waterway for global oil trade, and any disruptions can have far-reaching consequences.

Meanwhile, a Saudi oil tanker was targeted by ballistic missiles from Iranian-backed Houthi rebels in Yemen, although there's no immediate confirmation on damage or casualties.

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