Free Republic

Iranian negotiators will stop exchanging messages with the U.S. through intermediaries, and Tehran will move to fully close the Strait of Hormuz, in retaliation for ongoing ceasefire violations, Iran’s state-affiliated news outlet Tasnim said Monday.

Key Points Iranian negotiators will stop exchanging messages with the U.S. through intermediaries in retaliation for ongoing ceasefire violations, Iran’s state-affiliated news outlet Tasnim said. Tehran will also move to fully block the Strait of Hormuz, Tasnim reported. Oil prices leapt more than 5% higher following Tasnim’s report. ============================================================ Iranian negotiators will stop exchanging messages with the U.S. through intermediaries, and Tehran will move to fully close the Strait of Hormuz, in retaliation for ongoing ceasefire violations, Iran’s state-affiliated news outlet Tasnim said Monday. The report, in a translated post on the social media site Telegram, homed in on Israel’s...

The price of oil rose sharply Monday, after Iranian government-aligned media reported that the country was cutting off talks with the United States to end the ongoing war. Conflicting comments from President Donald Trump hours later did little to dent oil’s jump, although prices ended the day somewhat lower than the highs of the morning. U.S. crude oil closed higher by 5.5% at $92.16 per barrel. International Brent crude closed higher by 4.5% at $94.98 per barrel. Heating oil, a proxy for jet fuel, also rose 4%, while wholesale gas prices rose 2%. As a result of of the most...