3 weeks ago

Pakistan says US, Iran near deal despite new shipping attacks

Pakistan says US, Iran near deal despite new shipping attacks
Pakistan says US and Iran close to 'some sort' of deal despite attacks on shipping · CNBC TV 18

The United States and Iran are in a big fight, and a lot of people have been hurt.

Because of the fight, a very busy water road called the Strait of Hormuz, where ships carry oil and gas, has been closed.

Pakistan and Qatar are grown-up helpers trying to get both countries to agree on peace.

They say the U.S. and Iran are very close to making a deal.

But the deal is hard because the U.S. president wants Iran to pay a lot of money for past damage.

At the same time, some ships were attacked in nearby seas, and four sailors were killed.

People disagree about who attacked the ships, and that makes things more confusing.

Oil is used to make fuel, and when the water road is blocked, fuel gets expensive.

The news about a possible deal made oil prices drop a little, but prices are still much higher than before the fight.

Everyone is hoping the two countries can finally agree so the fighting stops.

Key facts

Main mediators
Pakistan and Qatar
Waterway at stake
Strait of Hormuz, which carried about a fifth of global oil and liquefied natural gas before the war
Conflict start
U.S. and Israeli attacks on Iran on February 28
Reported casualties
Thousands killed, mainly in Iran and Lebanon
Latest shipping deaths
Four crew members killed on the Tihamah in a suspected Houthi attack, pending confirmation
Trump's new demand
Reparations from Iran for damages over a 50-year period
U.S. naval blockade
Announced in April and reimposed in July after the June peace accord crumbled
Oil prices
Fell on Tuesday after a one-week high but remain much higher than before the war

Quotes

Khawaja Asif

Pakistani Defence Minister

“"We’re going to ask for money for the damage they’ve done over a 50-year period."”
theprint.in
“"things are shaping up again in favor of a peace arrangement or a deal."”
CNBC TV 18 theprint.in

Sources

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