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ConocoPhillips (COP) BMO CDR (CAD Hedged)
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Close 2026-06-22 C$ 12.15
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Globe says Chevron told Israel quits pounding Lebanon

2026-06-23 07:56 ET - In the News

See In the News (C-CHEV) Chevron CDR (CAD Hedged)

The Globe and Mail reports in its Tuesday edition that U.S. Vice-President J.D. Vance says his talks with Iranian officials in Switzerland laid a "good foundation for a successful final deal" to end the Iran war. An Associated Press dispatch to The Globe says that officials reported progress on ensuring the Strait of Hormuz remains open. A ceasefire between Israel and Hezbollah in southern Lebanon seems to be holding. An interim deal to end the Iran war, signed by U.S. and Iranian leaders last week, establishes a 60-day negotiation period focused on key issues, including Tehran's nuclear program, which Iran denies it is seeking military use. Mr. Vance left Switzerland while technical teams were still negotiating. President Donald Trump highlighted efforts to keep the strait open to create "an oil gusher" and emphasized that resolving the war required "respect" from Iran. "As long as they respect us, I don't want to use the word fear because that's an inappropriate word, but as long as they respect us, we're not going to have any trouble," Mr. Trump said from the Oval Office. Iran's parliamentary speaker, Mohammad Bagher Ghalibaf, insisted Monday that the strait will be managed by Iran, but following international laws.

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