Iran, US Harden Positions; eToro Crypto Revenue Misses | Bloomberg Businessweek Daily 8/11/2026

Pakistan’s defense minister said the US and Iran are “close to some sort of arrangement” over the Strait of Hormuz, even after both sides appeared to toughened their positions in the long-deadlocked negotiations. “Things are shaping up in favor of peace,” Khawaja Asif told reporters in Islamabad on Tuesday, without giving details of any breakthrough. Bloomberg News' Josh Wingrove breaks down where negotiations stand. Plus, eToro CEO Yoni Assia discusses the company's earnins report with hosts...

Oil Prices Rise to $90 a Barrel Over U.S.-Iran Stalemate

The stalemate over the Iran war hardened and commercial shipping in the Strait of Hormuz continued to dwindle.

By The New York Times

Iran, US set new conditions during Hormuz talks: What does this mean?

Oil prices surge as talks stall over competing demands, hampering prospects for reopening crucial strait.

Oil price moves higher as insurers hold back FTSE

Oil prices pushed up once more with the US and Iran appearing to not make much progress towards a deal to reopen the Strait of Hormuz.

By Jeremy Cutler

Hormuz to stay closed unless US meets Iran's conditions, Iran official says

Pakistan says US-Iran near 'some sort of arrangement' on peace - What is happening in West Asia?

At a time when the world is waiting for tensions to ease, Pakistani Defense Minister said that the US and Iran are close to "some sort of an arrangement."

Hormuz to stay closed unless US meets Iran’s conditions, Iran official says

The Strait of Hormuz will remain closed until the US changes its behaviour and accepts Iran’s conditions for ending the war, Iran’s newly appointed secretary of the Supreme National Security Council Mohsen Rezaei said on Tuesday, signalling that any agreement over the waterway would not automatically restore shipping. “As long as America does not change […]

Brent oil tests $90 as hopes for US-Iran deal diminish

Brent North Sea crude, the benchmark for international oil prices, rose briefly above $90 on Tuesday as hopes of a U.S.-Iran agreement to bring the war to an end continued to dimin...