Centcom says it has struck two tankers heading for Iran after Tehran warned Washington was violating fragile ceasefire

Iran’s proposal said that the ongoing negotiations will only focus on halting the hostilities in the region. The peace efforts lately are aimed at a memorandum of understanding between the two countries to stop the war.

May 11 (Reuters) - British high-performance polymer maker Victrex said on Monday it would reduce its workforce by around 10%, and warned annual profit would miss expectations as the Middle East conflict threatens to push up energy and raw material costs.

Even as the United States Navy’s USS Gerald R. Ford has departed from the region, the FS Charles de Gaulle will support efforts to open the Strait of Hormuz

The French Carrier Strike Group transited the Suez Canal on Wednesday en route to the Red Sea, as part of a multinational naval coalition that seeks to restore freedom of navigation in the Strait of Hormuz.

Retailers braced for the effects of the Middle East conflict have urged the Government to cut domestic costs to help them keep prices down for consumers.The British Retail Consortium (BRC) said four in five people (80%) feared the Middle East conflict would push up food prices,

Oil prices jumped on Monday after Israel warned that the conflict with Iran was still ongoing.

Copper headed for its highest-ever close and other metals advanced as traders shrugged off the apparent deadlock between the US and Iran to join a broader rally for risk assets.