Brent crude futures fell below $102 a barrel following reports that the US and Iran are close to a deal to end their war, with the US reportedly working toward a one-page document to end the conflict and enable nuclear negotiations. Oil prices remain elevated compared to pre-conflict levels of around $70 a barrel, as tensions over Iran's threats to attack ships in the Strait of Hormuz—through which about a fifth of global oil and gas shipments usually pass—have disrupted regional production and transportation.
6 May 2026 · Joy Online →
Oil prices edged lower Wednesday after US President Donald Trump said the US would pause Project Freedom, its operation to guide ships through the Strait of Hormuz, to pursue a deal with Iran to end the war. Brent crude fell 1.7% to $108 a barrel, while US-traded oil dropped 1.6% to $100.60, reversing earlier gains driven by escalating Middle East attacks.
6 May 2026 · Joy Online →
Pope Leo has responded to attacks by US President Donald Trump, saying his mission is to preach the Gospel and peace, and that anyone is free to criticize him. Trump has criticized the Pope over his stance opposing US and Israel's war on Iran, with Secretary of State Marco Rubio now heading to the Vatican for a two-day visit to advance bilateral relations and discuss the Middle East.
6 May 2026 · Joy Online →
President Trump announced on Tuesday that "Project Freedom," a US operation to guide vessels through the Strait of Hormuz, would be paused for a short period by mutual agreement with Iran as progress is being made toward a deal. Iranian media characterized the pause as a Trump retreat, while US officials indicated the pause was requested by Pakistan acting as an intermediary.
6 May 2026 · Joy Online →