Oil prices have dropped following a report the US and Iran have reached a deal, subject to President Donald Trump's approval. Axios reported officials had made an agreement over an extended ceasefire on Thursday. It drove the price of a barrel of Brent crude down to a low of $93.36 from a earlier high of $98, before rebounding to about $94. Prices had jumped earlier after the US carried out new attacks on Iran, targeting a military site in Bandar Abbas, a strategic port city. The strikes occurred despite an ongoing ceasefire between Tehran and Washington to allow for talks to end the three-month-long war that has effectively closed the Strait of Hormuz waterway, pushing up global energy costs.

The US military has carried out new strikes on Iran, targeting a military site in Bandar Abbas, a strategic port city. US Central Command (Centcom) said its forces also shot down four Iranian one-way attack drones that posed a threat around the Strait of Hormuz. The site in Bandar Abbas was struck as it was about to launch a fifth drone, Centcom said. Iranian media reported that explosions were heard to the east of the city. The strikes come amid a fragile ceasefire between the US and Iran, and protracted negotiations to end the three-month war that has choked traffic in the Strait of Hormuz and shot up global energy prices.

Iran and U.S. trade airstrikes after Trump dismisses report of Hormuz deal DUBAI/WASHINGTON - Iran's Revolutionary Guard said on Thursday it targeted a U.S. airbase after the U.S. military carried out what a Washington official said were strikes targeting an Iranian drone operation near the Strait of Hormuz, hours after U.S. President Donald Trump rejected a report he was close to a compromise deal with Tehran. The escalation in hostilities highlighted threats to the tenuous ceasefire between the U.S. and Iran that took effect in early April, dampening hopes for a peace deal and sending oil prices surging again. A U.S. official, who requested anonymity to speak candidly about military operations, said the military shot down four Iranian attack drones and struck a ground control station in the port city of Bandar Abbas that was about to launch a fifth drone. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right. With your current subscription plan you can comment on stories.

Iranian forces deploy explosive drone boats disguised as fishing vessels in Strait of Hormuz, defense expert Cameron Chell warns, marking new phase of hybrid warfare.

We devise an algorithm to generate sets of propositions that objectively instantiate graphs that support coherence-driven inference. We then benchmark the ability of large language models (LLMs) to reconstruct coherence graphs from (a straightforward transformation of) propositions expressed in natural language, with promising results from a single prompt to models optimized for reasoning. Combining coherence-driven inference with consistency evaluations by neural models may advance the state of the art in machine cognition.

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