Hostilities flare in Iran war, oil jumps with talks at a stalemate
Hostilities have escalated in the ongoing Iran war, with recent missile attacks impacting Kuwait's airport and U.S. military strikes near the Strait of Hormuz. Diplomatic efforts between the U.S. and Iran remain stalled, despite a tentative agreement to halt the conflict. The situation has led to increased oil prices and ongoing violence in the region, particularly affecting Lebanon and Israel.
- ▪An Iranian missile attack damaged Kuwait's airport, leading to flight suspensions.
- ▪The U.S. military conducted strikes near the Strait of Hormuz in response to Iranian aggression.
- ▪Diplomatic talks between the U.S. and Iran have not progressed, despite claims of ongoing negotiations.
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Hostilities flare in Iran war, oil jumps with talks at a stalemateSign up now: Get ST's newsletters delivered to your inboxPublished Jun 03, 2026, 02:50 PMUpdated Jun 03, 2026, 02:50 PMCAIRO/WASHINGTON, June 3 - Gulf hostilities flared again on Wednesday, with an Iranian missile attack damaging Kuwait's airport and the U.S. military carrying out strikes near the Strait of Hormuz, as diplomacy between Washington and Tehran showed little progress.The latest flare-up, which sent oil prices up more than 1%, comes with the conflict stalemated in a shaky ceasefire and the Strait of Hormuz largely closed, more than three months after initial U.S.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Straits Times — World.