Economy

Oil prices rise higher as Iran denies US talks, dimming deescalation hopes

Brent crude tops $104 a barrel as hopes fade for deescalation in US-Israel war on Iran.

Tehran’s statement on opening of key waterway comes as US President Trump says talks are taking place to end the war.

This is first big step by ChatGPT maker to focus its business on potentially more lucrative areas, such as coding tools.

The verdict marks the first time a US state has successfully sued the social media giant over child safety issues.

Anthropic accuses Pentagon of unlawful retaliation over its refusal to loosen AI safety restrictions for military use.

The move comes amid production disruptions linked to the US-Israeli war on Iran, which have affected Qatar.

Gaza’s gas supplies dwindle, with families waiting months for minimal quantities amid Israeli-induced shortages.

EXPLAINER

Iran officials deny any talks held with the US, as Donald Trump claims talks had taken place towards ending the war.

Energy crunch prompted by Iran war poses ‘major threat’ to global economy, Fatih Birol says.

Key indexes in Japan, South Korea and Hong Kong tumble as Iran threatens attacks on energy infrastructure across region.