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Iran conflict boosts appeal of Arctic short cut for Asia-Europe ships
🇮🇷 IranAug 18, 2026 09:12SRC: SOUTH CHINA MORNING POSTBY: Brian Rhoads,Raymond Ma
INTELLIGENCE SUMMARY
Peace prospects in the Middle East faded, with US President Donald Trump ruling out a renewed ceasefire deal with Iran and more fighting breaking out in Lebanon. Trump said “no” when asked whether he wanted a new Iran accord to replace a 60-day agreement that expired on Monday. “They want to make a deal, but they’re not going to make the kind of deal that I feel is necessary,” he told reporters at the White House. Brent crude, the global oil benchmark, rose above US$91 per barrel, having gained.
DETAILED REPORT
Peace prospects in the Middle East faded, with US President Donald Trump ruling out a renewed ceasefire deal with Iran and more fighting breaking out in Lebanon.
Trump said “no” when asked whether he wanted a new Iran accord to replace a 60-day agreement that expired on Monday. “They want to make a deal, but they’re not going to make the kind of deal that I feel is necessary,” he told reporters at the White House.
Brent crude, the global oil benchmark, rose above US$91 per barrel, having gained...
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