Latest Updates on West Asia Conflict

Oil prices steady as investors assess US-Iran peace talks, supply outlook

Brent was near $98 a barrel after rising about 14% in September, while investors weighed stalled US-Iran peace talks and signs of a recovery in West Asia oil exports

Iran's foreign minister receives US feedback on 7-day trust-building plan

Araqchi is expected to ​discuss the US response in Tehran on Wednesday

US, Iran officials separately talk with mediators in latest bid to end war

Any further talks are expected to focus on an amended version of a seven-day proposal that Iran ‌presented last week on the sidelines of the United Nations ​General Assembly

Iran war will be won very soon, pre-midterm strikes possible, says Trump

When asked specifically whether military strikes could resume before the upcoming midterm elections, Trump declined to take the option off the table

Iran insists on diplomatic solution even after Trump rejects peace plan

Iranian Foreign Minister Abbas Araqchi said only a negotiated solution can resolve the conflict with the US and Israel after Donald Trump rejected Tehran's proposal to reopen the Strait of Hormuz

Houthis attack Saudi Arabia again as Trump rejects ceasefire offer

Saudi air defences intercepted two Houthi drones targeting Riyadh and a ballistic missile aimed at Khamis Mushait as hopes fade for a US-Iran ceasefire

Trump rejects Iran's 7-day ceasefire plan, prepares for military escalation

The Wall Street Journal reported that Trump told aides he expects US bombing of Iran to resume after November's midterm elections

Hormuz reopening to start after US accepts 7-day plan: Iran's Araghchi

Foreign Minister Abbas Araghchi said Washington would need to complete required steps within four to five days, with the strait reopening on the sixth day

'We will continue to win': Netanyahu defends Israel's Gaza war at UNGA

Israeli PM Benjamin Netanyahu rejected genocide allegations over Gaza at the UNGA, defended Israel's military actions and praised US President Donald Trump for backing Israel

US, Iran explore phased deal to reopen Strait of Hormuz, lift blockade

The two countries, which have both refused to make similar agreements in recent months, were making a push for a breakthrough Thursday on the sidelines of the UN General Assembly

Oil prices edge lower as Iran signals openness to diplomacy to end US war

Brent crude fell 0.9% to $102.13 a barrel after a 4% rise a day earlier as Tehran reviews Washington's response to proposals on the Strait of Hormuz

Gulf nations keep oil flowing through Iran war, but costs are mounting

When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven months on, oil is expensive but not exorbitant, and analysts say the supply is pretty much sufficient to meet current global needs, even as the higher prices cause political problems for US President Donald Trump and others. That's because Saudi Arabia and other Gulf producers quickly found alternative routes and reached for unused pipeline capacity. When Iran and its militant allies targeted those, the oil exporters and the US military found others - workarounds for the workarounds - in an often clandestine game of whack-a-mole. With oil now at around $100 a barrel - higher than before the war but not as bad as feared - Iran has diminished leverage, while a US naval blockade and tightened sanctions smother its own economy. But the workarounds are expensive and

'We'll change geography of war': Iran's IRGC warns US against escalation

Iran's Revolutionary Guard warned that it would "change the geography of the war" if the United States escalates the conflict. Meanwhile, the British military said an "unknown projectile" struck a tanker as it entered the Strait of Hormuz on Monday, injuring two crew members. The Israeli military remains on alert as much of the country shuts down for Yom Kippur, the holiest day in Judaism. Here is the latest news from the Middle East on Monday. Iran's Revolutionary Guard issues warning if US escalates war ------------------------------------------------------------------ A spokesperson for Iran's paramilitary Revolutionary Guard, Hossein Mohebbi, said Monday that "the war is not over" and warned that Iran would change its weapons, military tactics and targets if the conflict with the US escalates. "We will certainly change the geography of the war," Mohebbi said in a statement carried by Iranian state media. "We will certainly bring new weapons with new capabilities into the bat

Iran war pushes diesel to record high prices, with no relief on the horizon

The inflation-adjusted price of diesel in late August was about as high as it was in 2022 and has likely risen further

US issues Iran travel warning, urges citizens to leave amid rising tensions

The US Virtual Embassy in Iran, in a security alert, said the regional security environment remained complex and warned of potential flight cancellations, airspace closures and other travel disruption

Iran rules out reopening Strait of Hormuz until US meets its demands

Ghalibaf said Iran had conveyed its demands to the United States through intermediaries and would not reconsider its position until Tehran's conditions were fulfilled