Global oil prices reached $106.99 as peace talks between the US and Iran collapsed. With only 19 ships passing through the Strait of Hormuz, energy security concerns are rattling global markets.
Mali’s Defense Minister Sadio Camara has died following a coordinated wave of attacks across the country. Rebels have seized the strategic city of Kidal as the military junta faces collapse.
Iran is successfully bypassing U.S. sanctions, with 4 million barrels already past monitoring zones. Despite the blockade, April exports are averaging 1.71 million bpd, roiling energy markets.
President Trump says Iran sent a vastly improved proposal just 10 minutes after he rejected their first draft. He has now moved to "telephone diplomacy," demanding an end to Iran's nuclear program.
