Oil prices have been elevated since Monday afternoon, after it became clear the United States and Iran had not negotiated a lasting peace deal. The memorandum of understanding signed by the two countries had called for a deal to be in place by now.
Iran's parliamentary speaker, Mohammad Bagher Qalibaf, claimed Tuesday that Iran's Islamic Revolutionary Guard Corps will maintain control over shipping traffic in the Strait of Hormuz until the Unit… [+643 chars]
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