finance
US-Iran Talks Stall Over Strait of Hormuz, Global Energy Prices Rise
Peace negotiations between the US and Iran remain deadlocked amid ongoing disruptions in the Strait of Hormuz, driving up global energy prices. Gold prices held steady near $4,700 an ounce while traders monitored the uncertainty. Separate developments included Xbox Game Pass changes, Kevin Rudd's green energy comments, Hakeem Jeffries' redistricting stance, and Kforce's Q1 2026 earnings.
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Peace talks between the United States and Iran stalled, with the two nations locked in a standoff over the Strait of Hormuz that caused energy prices to surge again. President Trump messaged 'Call me' to Iran amid the impasse. Dozens of countries at the UN reiterated their call for the urgent and unimpeded opening of the Strait of Hormuz, a demand that lasted weeks as negotiations between the US and Iran remained stalled.
Energy flows through the Strait of Hormuz experienced continued disruption, contributing to volatility in global energy markets. Sharp price increases occurred across oil, gasoline, natural gas and electricity. Heightened geopolitical uncertainty, including the conflict involving Iran, fueled these developments.
Gold prices held steady near $4,700 an ounce as traders monitored the uncertain US-Iran peace efforts and the ongoing Hormuz disruptions. The Trump administration deployed a haphazard approach to sanctions on Russia and Iran, with oil prices in mind. In separate business news, Xbox cut prices for Game Pass but ended day-one access to Call of Duty.
Microsoft stated that new Call of Duty games will be added to the subscription service about a year after release. Kevin Rudd, who finished his term as Australia’s ambassador to the US, warned that Australians will call ‘bullshit’ on green energy without clear benefits. Rudd described Donald Trump’s cuts to support for green industries as “unfortunate”.
He stated that climate policies would have staying power if they delivered affordable prices, a reliable energy supply and new job opportunities. House Minority Leader Hakeem Jeffries stood by his remarks about engaging in 'maximum warfare' with Republicans over congressional redistricting. 4 million on Monday, marking the first year-over-year growth since Q4 2022.
46. Kforce anticipates revenue growth in Q2 2026 to accelerate to mid-single digits. 6 million to shareholders through dividends and share repurchases.
