US and Israel preparing to renew attack on Iran next week NYT"The US and Israel are actively preparing for a renewal of hostilities with Iran and could resume attacks as early as next week, The New York Times has reported, citing sources.
Indirect negotiations between Iran and the Trump White House have remained deadlocked since a fragile ceasefire was established in April following over a month of hostilities. Both sides have repeatedly dismissed the other's demands as unrealistic, and both Tehran and Washington still insist they hold the upper hand.
Meanwhile, disruptions continue in the Strait of Hormuz, which has heavily affected global shipping and caused oil shortages worldwide. While Iran has announced its own mechanism to regulate maritime traffic in the waterway, Washington has rejected the scheme and is enforcing a naval blockade on Iranian ports in retaliation.
Two unnamed Middle East officials told the NYT on Friday that preparations for new strikes by Israel and the US have greatly accelerated over the past few days, and the conflict could resume as early as next week, according to the sources."
Oil After Hours: 109.26 +3.54 (+3.35%)Expect gas to accelerate back towards the $5 mark this week.