Oil climbs to a six-month high as the Gulf war widens
Oil hit a six-month high as Iran claimed seven tankers hit, the war reached Saudi airports and Trump threatened new strikes.
Timeline
The Islamic Republic's confrontation with the United States and Israel, from the 1979 revolution through the nuclear dispute to the 2026 war.
Nationalisation challenges British control of the oil industry and its revenues.
Declassified records document US participation in the operation and its Iranian political setting.
The armed forces withdraw support for the remaining royal government; the Islamic Republic follows later in 1979.
The embassy seizure produces a prolonged crisis, resolved through the Algiers arrangements.
The war begins with Iraq’s invasion and ends with the August 1988 ceasefire.
The report records failures to declare nuclear material, activities and facilities.
Nuclear restrictions and verification measures are exchanged for agreed sanctions relief.
IAEA verification of specified steps triggers the agreed implementation measures.
Trump announces withdrawal and restoration of US nuclear-related sanctions with implementation periods.
A US strike in Baghdad kills the commander of the Revolutionary Guards' Quds Force.
Iran diplomacy stays open as diesel pressure spreads beyond the Gulf
Iran diplomacy stays open as diesel pressure spreads beyond the Gulf
Attacks on Hormuz shipping hit a wartime high as a container ship sinks
Attacks on Hormuz shipping hit a wartime high as a container ship sinks
Oil hit a six-month high as Iran claimed seven tankers hit, the war reached Saudi airports and Trump threatened new strikes.
A container ship sank in the Strait of Hormuz this week, as reported attacks on shipping hit their highest level of the war.
Peace on mobile-contract terms, AI safety as a group project, and a trade war that has discovered Excel.
Crude oil is moving through Hormuz again, but diesel is still scarce, and in the UK it has passed £2 a litre.
Iran has named its price for reopening the Strait of Hormuz.