The US and Iran reportedly continue to maintain contact, with the next round of negotiations potentially taking place on the 16th.

The first round of talks between the United States and Iran failed to achieve a breakthrough, but engagement is continuing, with the next round of 'direct negotiations' potentially taking place on the 16th in Islamabad, the capital of Pakistan.

cls.cn09:34

Stocks are about to run out! JPMorgan warns: the oil shock will fully erupt.

JPMorgan has warned that the impact of the blockade of the Strait of Hormuz has entered its most dangerous phase — the last batch of tankers before the blockade is set to arrive at ports on April 20, and global buffer inventories are about to be depleted. Since March, countries have utilized 250 million barrels of reserves, and OECD commercial inventories may hit operational lows by early May. Spot Brent crude prices surged to a record high of $144 per barrel, with a spread of over $35 against futures, signaling an extreme shortage in physical supply.

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Express News | Pakistan reports that the US and Iran have agreed to continue negotiations, but the time and location remain undecided.

Breakings11:42

Saudi Arabia pressures the US: Abandon the blockade of the Strait of Hormuz, otherwise Iran will close the Red Sea.

Iran's roadmap for retaliation is clear: if the Strait of Hormuz is blocked, it will block the Bab el-Mandeb Strait. Saudi Arabia happens to be the largest dependent on this Red Sea chokepoint. Arab officials stated that Saudi Arabia has urgently lobbied the United States to abandon the blockade of the Strait of Hormuz.

Golden10 Data11:35

Are oil prices still not high enough? IEA Chief: They do not yet match the severity of the U.S.-Iran crisis, but will converge soon!

Fatih Birol, Executive Director of the International Energy Agency (IEA), stated that the current oil prices have yet to reflect the severity of this unprecedented supply crisis caused by the Iran conflict, but they will soon.

cls.cn09:38

Express News | Iranian President: Willing to Continue Negotiations Within the Framework of International Law

Breakings08:55