The U.S. stock market fell in early trading on Maundy Thursday as oil futures surged. By the close, however, major stock indexes had recovered after Iran said it and Oman were in the process of reaching an agreement on the Strait of Hormuz.
BusinessIran and Oman are sketching out an agreement to increase shipping traffic through the Strait of Hormuz, Iranian state news agency IRNA reported, CNBC said. Global stock markets and oil prices are reacting positively to the news.
BusinessUS President Donald Trump claims that a "top figure" within the Iranian regime is talking to the US about Iran's future. The person's identity has not been confirmed. Speculation has named several possible candidates.
WorldRussia has expanded its military cooperation with Iran. Russia is providing satellite imagery and advanced drone technology to help Iran better strike back against the United States, the Wall Street Journal reports, citing sources.
WorldIran's women's national football team is set to fly from Malaysia to Oman on Monday. The trip includes four players and a coach who were previously granted asylum in Australia.
FootballPresident Donald Trump says the Iran war is over when he "feels it in his bones." The United States is strengthening its presence in the region by sending a naval landing force, according to The Wall Street Journal. At the same time, new explosions are reported in both Iran and Israel.
ConflictsIran's deputy foreign minister, Majid Takht-Ravanchi, says the country has allowed ships from "some countries" to pass through the Strait of Hormuz.
WorldThe war involving Iran is causing the worst disruption to the global oil market in history, according to the IEA (the International Energy Agency). On Wednesday, the price of a barrel of oil was back up, hovering around $100.
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