AFP is bringing you all the latest developments from the star-studded 98th Academy Awards in Hollywood. Javascript is ...
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Donald Trump had said Tehran wanted a deal but he felt the terms were "not good enough". Meanwhile, Iran continues to strike US allies in the Gulf as Israel targets western Iran.
Israel and Iran traded strikes overnight, while missile and drone interceptions have been reported in Gulf states.
Oil will continue to be key for the markets as we enter the third week of the war in Iran. The Strait of Hormuz remains effectively closed and oil prices are up 50 per cent since the war broke out.