The Hindu Businessline

The UAE has been so successful in getting its crude out of the Persian Gulf that Vortexa estimates it was the only Middle Eastern producer to reach pre-war levels of seaborne exports in June and July

US President reiterates positive view of negotiations; deal on Strait of Hormuz said to be imminent

A proposed temporary shipping route could ease disruptions in the key energy corridor, though Tehran says a full reopening will depend on US actions.

But the agreement is likely to be contingent on the US lifting its blockade on Iran's ports.

The arrangement is intended to restore the ceasefire between the US and Iran, which collapsed last month, and pave the way for the resumption of negotiations with Tehran, including its nuclear programme

Trump, speaking at the Oval Office, said he expects negotiations will focus on reopening the Strait of Hormuz and create a pathway for Iran to address the United States' concerns about its nuclear programme.

The 25 states moved the US Court of International Trade on Monday against the Trump administration for again implementing tariffs on several countries, contending that it will raise costs for consumers and businesses nationwide.

Trump suggested a deal on reopening the Strait of Hormuz may be close, and said he would also continue to pursue a path to end Irans nuclear program

Temporary safe route through the Strait of Hormuz being discussed with Oman: Iran

Rate nearly double the 1970-2015 average; 1.5C threshold could be breached before 2030 if trend continues

Before late last week, the dollar was trading above 163 yen, touching 40-year highs. After regulators were suspected of stepping in, it fell below 160 yen.

The outbreak, which was initially confined to the Mongbwalu health zone in Ituri province, has spread over the past two months to 49 health zones across five provinces namely Ituri, North Kivu, South Kivu, Haut-Ul and Tshopo.

The warning comes as a US official told Axios that Trump is seriously contemplating strikes on Iranian energy targets, though no final decision has been taken