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Iran conflict boosts appeal of Arctic short cut for Asia-Europe ships

Iran conflict boosts appeal of Arctic short cut for Asia-Europe ships
South China Morning Post Tuesday 18 August 2026, 09:12 UTC By Brian Rhoads,Raymond Ma 1 min read
Key Points

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.

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...
Iran (LOCATION) Arctic (LOCATION) Asia (LOCATION) the Middle East (LOCATION) US (LOCATION) Donald Trump (PERSON) Lebanon (LOCATION) Trump (ORG) the White House (LOCATION) Brent (PERSON)
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