Here are the latest developments in the Middle East war:
- Oil down, stocks up -
Oil prices fell five percent and stock markets advanced as Iran said it had allowed around two dozen ships to transit the Strait of Hormuz, easing concerns about the apparent impasse on ending the war in the Middle East.
Yields on US Treasury bonds tumbled Wednesday after President Donald Trump said American negotiators were close to a potential peace accord with Iran.
- Iraq told to prevent attacks -