Hostilities flare in Iran war, oil jumps with talks at a stalemate

🌐 Al-Monitor Middle East (KW) —
Hostilities flare in Iran war, oil jumps with talks at a stalemate

AI Summary

Conflict escalated in the Gulf as Iranian missile attacks damaged Kuwait's airport and the U.S. conducted strikes near the Strait of Hormuz. The instability has caused oil prices to rise amid stalled diplomatic talks between Washington and Tehran.

By Enas Alashray and Patricia Zengerle CAIRO/WASHINGTON, June 3 (Reuters) - Gulf hostilities flared again on Wednesday, with an Iranian missile attack damaging Kuwait's airport and the U.S. military carrying out strikes near the Strait of Hormuz, as diplomacy between Washington and Tehran showed little progress. The latest flare-up, which sent oil prices up more than 1%, comes with the conflict stalemated in a shaky ceasefire and the Strait of Hormuz largely closed, more than three months after initial U.S. and Israeli strikes on Iran.

World Security Conflict Politics Markets Commodities Energy Iran Kuwait airport missile attack Strait of Hormuz oil prices US military strikes diplomacy stalemate

Read original source →