Country: IR | Published: 2026-09-23
Iran's standoff keeps swinging between war talk and diplomacy, with Trump threatening annihilation at the UN while envoy talks continue and Tehran holds to its conditions. Oil has
Iran's standoff keeps swinging between war talk and diplomacy, with Trump threatening annihilation at the UN while envoy talks continue and Tehran holds to its conditions. Oil has been whipsawed by the headlines, surging past 100 dollars a barrel as clashes intensified, then easing on reports of possible Hormuz reopening and peace talks. A cargo vessel struck in the Strait underscores the physical risk still hanging over Gulf shipping, even as Tehran's hardliners make room for negotiation.