An oil supertanker has crossed the Strait of Hormuz; Flight cancellations continue; Power lines in Kuwait damaged and blackouts ensue; Victorian teachers go on strike.
After reports of Trump's peace proposal to Iran, oil prices fell by over 4 per cent. Brent crude futures fell 4 per cent to $100.32 per barrel, while US West Texas Intermediate crude futures were down ...
Pakistani officials say Iran has received a 15-point proposal from the U.S. to reach a ceasefire in the Iran war. The Trump administration reportedly offered the plan to Iran as ...