Oil prices hold near one-week high as Strait of Hormuz reopening remains in limbo

Oil prices are hovering near recent highs as prospects for a US-Iran agreement fade. On Tuesday morning, both WTI and Brent crude benchmarks experienced slight upticks. The situation is complicated by US demands for compensation, hindering the potential reopening of the crucial Strait of Hormuz. Iran insists that sanct

European shares mixed while wheat prices rise amid Black Sea tensions More retail news: The John Lewis Partnership, Britain’s biggest employee-owned retailer, has said that Peter Ruis, the boss of its department store chain, will step down “to pursue new projects”. It said Ruis, who has been managing director of John L

Iran's military stressed that the crucial waterway would only be reopened when the U.S. accepts Iran's conditions.

Egg prices have climbed to a two-year high of 4 baht each, driven by reduced supplies due to hot weather and high animal feed prices. Prices are expected to ease in October as climate conditions improve.