Iran war briefing: Oil prices reach three-week high as peace talks stall

• Iran and Oman have agreed to continue expert-level consultations to ensure safe transit through the Strait of Hormuz and protect shared interests in the waterway, Iranian foreign minister Abbas Araqchi said.
• The British government is scrambling to secure supplies of carbon dioxide for food producers and breweries, and is drawing up contingency plans for potential jet fuel shortages this summer, as the war's economic impact deepens.
• Oil prices climbed around 2 per cent on Monday to touch a three-week high of $107.97 a barrel.
• Donald Trump has said Iran can reach out to the United States if it wants to negotiate an end to the war: “You know, there is a telephone. We have nice, secure lines,” he said.
• It comes after the US president cancelled ⁠a trip by his envoys Steve Witkoff and Jared Kushner to Pakistan on Saturday, which was a setback to peace talks.