US Iran ceasefire

April 22, 2026 12:27 AM

Oil prices climb 5% after Trump says he does not want to extend Iran ceasefire

Oil prices climbed about 5% on Tuesday after U.S. President Donald Trump said he did not want to extend a soon-to-expire ceasefire in the Iran war and that the U.S. military was "raring to go" if negotiations do not succeed. Brent futures LCOc1 rose $4.30, or 4.5%, to $99.78 a barrel at 1:13 p.m. EDT (1713 GMT), while U.S. West Texas Intermediate CLc1 crude rose $4.75, or 5.3%, to $94.36. Pakistan said there was still no confirmation that Iran would attend last-ditch peace talks with the Unite...

April 9, 2026 10:26 AM

Trump threatens 50% tariffs on countries supplying Iran with weapons

U.S. President Donald Trump said on Wednesday that imports from countries supplying Iran with military weapons will face immediate 50% tariffs with no exemptions, threatening the new duties just hours after agreeing to a two-week ceasefire with Tehran. After more than five weeks of air strikes against Iran's missile launchers, military installations and weapons industry, Trump returned to a favorite foreign policy pressure tool - tariffs - effectively warning China and Ru...

April 8, 2026 9:44 AM

Israel backs Trump’s two-week pause on Iran strikes, says Lebanon excluded

Israel supports U.S. President Donald Trump's decision to suspend strikes against Iran for two weeks, but said the ceasefire does not include Lebanon, Prime Minister Benjamin Netanyahu's office said on Wednesday. The office said Israel backed the U.S. move provided Tehran immediately opens the straits and stops attacks against the United States, Israel and countries in the region. The remarks came after Washington announced a two-week suspension of strikes against Iran as part of efforts to de...