Headlines

Crude back above $110 on Strait stalemate fears

Oil prices jumped on Tuesday, climbing back above $110 per barrel, amid a lack of progress in re-opening the key Strait of Hormuz. Meanwhile, tech stocks took a hit and investors turned their attention to corporate earnings and the outlook for interest rates. Efforts to end the

Peace efforts stall as US examines latest Iran proposal

Efforts to end the Middle East war appeared at a standstill on Tuesday, with the US considering Tehran's latest offer to unblock the Strait of Hormuz, and Iran saying Washington could no longer dictate terms. Iran has blockaded the waterway -- a vital conduit for oil and gas

Israel using water access as 'weapon' in Gaza: MSF

Israeli authorities are systematically depriving people in Gaza of the water they need to live, Doctors Without Borders warned Tuesday, decrying a campaign of "collective punishment" against Palestinians. The extensive destruction of civilian water infrastructure in Gaza

Sweden warns of potential jet fuel shortage

STOCKHOLM, April 28 (Reuters) - Sweden is issuing an early warning of a potential shortage of jet fuel stemming from the war in the Middle East, Energy Minister Ebba Busch said on Tuesday. "This is based on the Energy Agency's assessment," Busch told a press conference. Sweden

War in the Middle East: latest developments

The latest developments in the Middle East war: - US mulls Iran proposal - The White House said Monday it was examining Iran's latest proposal to unblock the Strait of Hormuz, two months after a US and Israeli offensive sent shockwaves through the global economy. President