Oil prices expected to rise as hope fades of end to Iran war

Crude had stabilised on optimism that a deal could be reached to reopen the Strait of Hormuz

Stock-market futures drop, oil surges above $100 after failed talks between U.S. and Iran over the weekend

Stock-market futures were down Sunday evening, suggesting investors were bracing for a sharp drop in major indexes after weekend talks between the U.S. and Iran failed to open the Strait of Hormuz and led President Donald Trump to announce a blockade of the crucial waterway.

By Christine Idzelis

Oil Surges 7% on Hormuz Blockade, U.S. Gulf Tanker Rush — 3 Stocks to Buy Now

'Enemy will become trapped in a deadly vortex': Iran claims 'full control' of Strait of Hormuz

Iran's Revolutionary Guard Corps has asserted full control over the Strait of Hormuz, warning of severe consequences for any military vessels approaching. While civilian traffic is permitted under unspecified regulations, the move follows a US naval blockade order, escalating regional tensions. A recent ceasefire's durability is uncertain after stalled talks.

By TOI World Desk

‘Enjoy $4 gas while it lasts’: Iran’s Ghalibaf mocks Trump as US readies naval blockade

US to blockade Iran ports after talks fail to yield a deal

Iran's Islamic Revolutionary Guards warns that military vessels approaching the strait will be considered a ceasefire breach and dealt with harshly and decisively, underlining the risk of a dangerous escalation

By Reuters

Iran Guards threaten enemies with ‘deadly vortex’ in Hormuz

Iran’s Revolutionary Guards said Sunday they have full control of the Strait of Hormuz, warning that any hostile move could trap enemies in a “deadly vortex” amid heightened tensio...

IRGC warns military vessels in Strait of Hormuz will violate ceasefire - rudaw.net

IRGC warns military vessels in Strait of Hormuz will violate ceasefire  rudaw.net

IRGC threatens to trap enemies in ‘deadly whirlpools’ of Hormuz - Daily Mirror - Sri Lanka

IRGC threatens to trap enemies in ‘deadly whirlpools’ of Hormuz  Daily Mirror - Sri Lanka

IRGC: Any wrong move will turn Strait of Hormuz into ‘deadly whirlpool’ for enemies - PressTV

IRGC: Any wrong move will turn Strait of Hormuz into ‘deadly whirlpool’ for enemies  PressTV