Oil
US, Iran Weigh Truce Extension With Hormuz Still Shuttered
The US and Iran are considering a two-week ceasefire extension to allow more time to negotiate a peace deal, according to a person familiar with the matter, reducing the risk of renewed fighting despite an intensifying standoff over the Strait of Hormuz.
India’s Modi, Trump Discuss Strait of Hormuz in Call
Indian Prime Minister Narendra Modi said he spoke with US President Donald Trump to discuss the Iran war and situation in the Strait of Hormuz, as a US blockade of the waterway risks exacerbating a global energy crisis.
China’s Oil and Gas Imports Shrink on Gulf Turmoil
Chinese crude oil and natural gas imports fell in March, as the supply crunch in the Gulf began to affect shipments.
