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Iran has hardened its negotiating position with the United States by demanding five conditions described as minimum guarantees for trust. The move comes amid mounting concerns over oil supplies and shipping security in the Strait of Hormuz.

11. toukokuuta 2026 Raportoinut AI

US President Donald Trump has rejected Iran’s response to a US proposal aimed at ending the war. Tehran pressed for conditions including lifting the naval blockade, easing sanctions, and retaining influence over shipping through the Strait of Hormuz.

Gasoline prices reached their highest level since the start of the Middle East conflict on Wednesday, May 6. The average price of super unleaded 95 stood at 2.03 euros per liter. The increase stems from the war and the paralysis of the Strait of Hormuz.

06. toukokuuta 2026 Raportoinut AI

Chinese Foreign Minister Wang Yi said on Wednesday that China is ready to help create conditions for peace talks and play a greater role in restoring peace and stability in the Middle East. He made the remarks during talks in Beijing with Iranian Foreign Minister Seyyed Abbas Araghchi, whose visit followed attacks by the United States and Israel on Iran on Feb 28.

Crude oil prices have rocketed above $115 a barrel after the US and Iran exchanged fire, shattering a fragile ceasefire amid weeks of escalating tensions. Following stalled April peace talks, naval blockades, and ship seizures in the Strait of Hormuz, the clash has intensified fears of broader Middle East conflict, threatening global energy supplies and stoking market volatility.

04. toukokuuta 2026 Raportoinut AI

Mizkan has suspended sales of four natto products due to supply strains from rising procurement costs. The company said the war in the Middle East has pressured packed natto production.