Verbatim sentences from the source article.
Joy Online
… Surging summer demand from American motorists has not stopped U.S. refiners from increasingly prioritising lucrative diesel and jet fuel production to backfill global shortages caused by shipping disruptions at the Strait of Hormuz. …
US summer driving season hits as gasoline supplies squeezed tightJoy Online
… The deal, if confirmed, would be the most significant diplomatic breakthrough yet to end the three-month-old war, which has killed thousands and sent global energy prices sharply higher after Iran all but closed the Strait of Hormuz to shipping. …
Trump says Iran war deal close as Strait of Hormuz tensions lingerJoy Online
… Iran responded by attacking Israel and US-allied states in the Gulf, and effectively closing the Strait of Hormuz – a key shipping route for the world’s oil and liquefied natural gas. …
Trump says deal to end Iran war is close after calling off strikesJoy Online
… He added that even as oil prices correct downwards, “as long as the price can hold above support in the low $80s, the risks remain firmly skewed to the upside.” On Thursday, Iran announced “the closure” of the Strait of Hormuz, through which vessel traffic was already severely l …
Oil extends losses as Trump calls off planned strikes on IranJoy Online
… In Iran, state media reported explosions around Tehran, the port city of Bandar Abbas and other southern areas near the Strait of Hormuz. …
US and Iran exchange fresh strikes as fragile ceasefire collapses into renewed conflictJoy Online
… Trump is seeking a deal that would reopen the Strait of Hormuz – ending a global energy crisis caused by an Iranian blockade – and limit Iran’s nuclear programme, a long-held ambition of the US president. …
JD Vance says Netanyahu “has gotten some things wrong” as US-Israel tensions surfaceJoy Online
… The US military blocked access to Iran’s ports after Tehran effectively closed the Strait of Hormuz, through which some 20% of the world’s oil and gas supplies are transported, during the ongoing conflict. …
Three Indian sailors killed in US strike on oil tankerJoy Online
Oil prices jumped on Thursday as Tehran declared the critical energy chokepoint, the Strait of Hormuz, closed after the U.S. …
Oil rises more than $1 as escalation in US-Iran strikes unnerve tradersJoy Online
… In response to the strikes, Iran has effectively shuttered the crucial Strait of Hormuz, which typically carries around a fifth of the world’s oil and gas, choking off supply. …
Trump says he ‘loves the inflation’ as US prices rise at fastest rate in three yearsJoy Online
Iran’s Islamic Revolutionary Guards Corps (IRGC) says it has struck ships in the Strait of Hormuz, after the US military launched a new wave of strikes on Iran. …
Iran says it struck ships in Strait of Hormuz after US launches new strikesThe World Bank Group forecasts global growth will slow to 2.5% in 2026, down from 2.9% in 2025, amid Middle East conflict, Strait of Hormuz disruptions, and higher energy prices. Brent crude oil is projected to average US$94 a barrel in 2026—36% above 2025 levels—while global inflation is expected to rise to 4% this year.
2 hours ago · Business & Financial Times →
The World Bank Group forecasts global growth will slow to 2.5% in 2026, down from 2.9% in 2025, amid Middle East conflict, Strait of Hormuz disruptions, and higher energy prices. Brent crude oil is projected to average US$94 a barrel in 2026—36% above 2025 levels—while global inflation is expected to rise to 4% this year.
2 hours ago · Business & Financial Times →
U.S. and Iranian officials announced a deal to end their war, halt the U.S. blockade of Iran, and reopen the Strait of Hormuz. Global leaders including the UN Secretary-General, European nations, and Australia have welcomed the agreement, with emphasis on nuclear non-proliferation and freedom of navigation.
11 hours ago · Joy Online →
Oil prices declined after Pakistan announced a deal between the US and Iran, with President Trump saying the agreement would reopen the Strait of Hormuz shipping route. Brent crude fell 3.8% to $84.02 a barrel and US oil dropped 4.1% to $81.40, after the strait had been effectively closed since February airstrikes triggered Iranian threats against vessels.
14 hours ago · Joy Online →
President Trump said a deal to end fighting between the US and Iran is scheduled to be signed on Sunday, with the Strait of Hormuz to be "open to all" once agreed, though Iranian foreign ministry spokesman expressed caution about the timeline.
13 June 2026 · Joy Online →
Israel has carried out air strikes in southern Lebanon after ordering evacuations from about 20 locations, with at least one person killed in Marrakeh, Lebanese state media reports. Pakistan's Prime Minister, mediating US-Iran talks, says a peace deal is closer than ever and likely within 24 hours, with Iran's foreign minister saying the agreement would include an end to conflict between Israel and Hezbollah in Lebanon.
13 June 2026 · Joy Online →
The UK government has committed to banning imports of diesel and jet fuel made from Russian oil by 1 January 2027 as part of its sanctions package following the war with Ukraine. The temporary licence will be reviewed every two weeks and could be revoked sooner than the end date.
13 June 2026 · Joy Online →
Iran's Foreign Minister said a deal with the US to end fighting includes reopening the Strait of Hormuz and lifting a US blockade, with nuclear programme talks to follow later. US officials confirmed some details, saying economic benefits for Iran would depend on Tehran meeting its obligations.
13 June 2026 · Joy Online →
Iran's Foreign Minister said a deal with the US to end fighting includes reopening the Strait of Hormuz and lifting a US blockade, though nuclear talks would follow later. US officials confirmed some details, linking economic benefits for Iran to Tehran meeting its obligations.
12 June 2026 · Joy Online →
The UK economy shrank by 0.1% in April as the Iran war raised business costs and affected turnover, according to the Office for National Statistics, though the three-month growth rate remained positive at 0.7%.
12 June 2026 · Joy Online →
The World Bank forecasts global growth will slow to 2.5% in 2026 from 2.9% in 2025, the lowest rate since the COVID-19 pandemic, due to the Middle East conflict raising energy prices, inflation, and borrowing costs. Two-thirds of economies have been downgraded relative to January forecasts, and developing economies outside China and India face nearly a decade with no progress in narrowing their income gap with advanced economies.
12 June 2026 · Joy Online →
The U.S. is entering peak summer driving season amid a gasoline supply crunch, as refiners prioritize diesel and jet fuel exports to address global shortages from Strait of Hormuz disruptions, while domestic demand remains robust despite pump prices surging roughly 40% since the war started. Gasoline inventories sank to their lowest seasonal level in a decade at 215.1 million barrels in early June, with analysts warning of a supply deficit.
12 June 2026 · Joy Online →
President Trump said on Thursday a peace deal with Iran could be signed as soon as this weekend, with the Strait of Hormuz to open upon signing; Iran's Foreign Ministry said large parts of the agreement have been finalised but no final conclusion has been reached.
12 June 2026 · Joy Online →
US President Donald Trump claimed an initial agreement to end the war with Iran is close after cancelling strikes, but Iran's foreign ministry spokesperson said reports of an agreement were "speculative" and that "nothing has been finalised." The two countries have exchanged intermittent fire despite agreeing a ceasefire in April, with Trump repeating claims that a deal is near.
12 June 2026 · Joy Online →
Brent crude fell $1.83 (2%) to $88.55 a barrel and U.S. West Texas Intermediate dropped $1.60 (1.8%) to $86.11 after U.S. President Donald Trump called off planned strikes on Iran on Thursday, citing progress in discussions that could lead to a peace deal reopening the Strait of Hormuz to shipping as soon as this weekend.
12 June 2026 · Joy Online →
The US and Iran exchanged strikes for a second consecutive day, straining a ceasefire agreed in April. The US conducted "self-defence strikes" targeting Iranian military and radar sites; Iran responded with ballistic missiles at US assets in Bahrain, Kuwait and Jordan, with Iran's foreign ministry saying the ceasefire is now "practically meaningless."
11 June 2026 · Joy Online →
US Vice-President JD Vance said Israeli Prime Minister Benjamin Netanyahu "has certainly gotten some things wrong," citing misalignment between Israeli and American interests, as tensions have emerged between the two allies over recent weeks regarding military action in Lebanon and Iran policy.
11 June 2026 · Joy Online →
The US military struck the Palau-flagged MT Settebello in the Gulf of Oman after accusing it of violating an American blockade by attempting to transport oil from Iran, killing three Indian sailors of the 24 crewmen aboard; 21 were rescued.
11 June 2026 · Joy Online →
Oil prices jumped as Tehran declared the Strait of Hormuz closed following fresh U.S. strikes against Iran, with President Trump threatening further attacks. Brent futures rose 1.59% to $94.58 a barrel and U.S. crude climbed 1.90% to $91.74.
11 June 2026 · Joy Online →
US prices rose 4.2% year-on-year in May, the fastest rate in three years, driven by rising energy costs following the US-Israel war in Iran. President Trump said he "loves the inflation" but promised prices would "come down like a rock" when the conflict ends.
10 June 2026 · Joy Online →
Iran's Islamic Revolutionary Guards Corps says it struck ships in the Strait of Hormuz after US Central Command launched new strikes on Iranian military sites. The escalation comes amid a fragile ceasefire agreed in April, with both sides accusing the other of aggression and undermining diplomatic efforts.
10 June 2026 · Joy Online →
Asian stock markets suffered steep losses on Monday as investors grew concerned about overvalued artificial intelligence investments and a rise in oil prices following renewed Iran-Israel strikes. US markets recovered some losses with the Nasdaq closing up 0.9% and the S&P 500 up 0.3%, though South Korea's Kospi index fell 8.3% and Japan's Nikkei dropped 3.9%.
10 June 2026 · Joy Online →
US inflation rose to 4.2% in May, the fastest pace in three years, driven primarily by rising energy costs amid the US and Israel's war in Iran. The increase from 3.8% the previous month marks the third consecutive monthly rise in the Consumer Price Index.
10 June 2026 · Joy Online →
Donald Trump said the US will hit Iran "hard" on Wednesday after the two sides exchanged strikes overnight, and reiterated a call for Iran to "sign a deal." Iran's foreign ministry spokesman accused the US of damaging diplomatic efforts through contradictory messages and violations of a ceasefire.
10 June 2026 · Joy Online →
Oil prices climbed Wednesday after the U.S. military struck Iranian targets in response to the downing of a U.S. Apache attack helicopter, and as U.S. crude stockpiles posted another large draw. Brent futures rose 0.7% to $92.11 a barrel and U.S. West Texas Intermediate crude climbed 0.7% to $88.80.
10 June 2026 · Joy Online →
The US conducted strikes on Iranian air defence systems and radar sites after an American Apache helicopter was downed on Monday, and Iran retaliated by launching drones and missiles at US bases in Bahrain and Jordan. Two crew members of the helicopter were rescued by an American sea drone.
10 June 2026 · Joy Online →
A US Army AH-64 Apache attack helicopter crashed early Tuesday near the Strait of Hormuz off Oman's coast; its two crew members were safely rescued by an unmanned drone boat in what US Central Command described as a historic first for American forces. The cause of the crash remains unknown and is under investigation.
9 June 2026 · Joy Online →
Brent crude and U.S. West Texas Intermediate prices rose slightly after Iran and Israel halted attacks following an appeal from U.S. President Donald Trump, though investors remain uncertain whether the truce will hold given lingering geopolitical tensions and the possibility of resumed strikes.
9 June 2026 · Joy Online →
US stock markets recovered modestly on Monday after Friday's losses, but Asian markets fell sharply—South Korea's Kospi index closed 8.3% lower and Japan's Nikkei fell 3.9%—amid a technology stock sell-off and renewed Middle East tensions that raised oil prices and inflation concerns.
8 June 2026 · Joy Online →
Pakistan's Interior Minister Mohsin Naqvi travelled to Iran carrying a letter from Pakistan's army chief and prime minister for Supreme Leader Mojtaba Khamenei, as part of diplomatic efforts amid ongoing tensions in the Gulf region following the US-Israeli war on Iran that began 100 days ago.
8 June 2026 · The Chronicle →
Israel carried out strikes on military targets in western and central Iran on Monday, hours after U.S. President Donald Trump reportedly told Prime Minister Netanyahu to refrain from further attacks. Trump said the strikes would not affect U.S. peace talks with Tehran, insisting he "calls the shots," but the latest hostilities and Iranian retaliation have put negotiations at risk.
8 June 2026 · Joy Online →