Business Standard
Iran has said it is reviewing the latest American proposals on ending the war, as US President Donald Trump threatened the country with a new wave of bombing unless a deal is reached that includes reopening the crucial Strait of Hormuz to international shipping. Hope that the two-month conflict could soon end buoyed international markets on Thursday, despite the US military firing on an Iranian oil tanker attempting to breach an American blockade of Iran's ports Wednesday. The price of Brent crude oil stabilized at around $100 a barrel as investors waited to see whether the strait would reopen, allowing tankers to deliver oil from the Persian Gulf again. Trump posted on social media that the two-month war could soon end and that oil and natural gas shipments disrupted by the conflict could restart. But he said that depends on Iran accepting a reported agreement that he did not detail. "If they don't agree, the bombing starts," Trump wrote. A fragile ceasefir e between the US and Ir
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