WASHINGTON — The United States suspended sanctions on Iranian oil on Monday after Vice President JD Vance said Iran would allow UN nuclear inspectors to return to the country. “We laid a very good foundation for a successful final deal,” Vance told reporters following talks at Switzerland’s luxury Burgenstock resort aimed at ending the US-Israeli […]
WASHINGTON — The US Treasury Department authorized the production, delivery and sale of Iranian oil on Monday, a move promised under an agreement reached by Washington and Tehran last week. The general license, announced as the two sides continue talks aimed at reaching a final peace deal, allows the production, delivery and sale of crude […]
SINGAPORE — Oil prices rose on Monday after shipping through the Strait of Hormuz slowed while talks between US and Iranian officials in their first meeting under an interim peace deal were off to a bumpy start. Brent crude futures climbed 54 cents or 0.67%, to $81.11 a barrel by 0030 GMT, after touching a […]
WASHINGTON — The US military said Saturday it remained “present and vigilant” in the Strait of Hormuz, shortly after Iran announced it was closing the critical shipping lane. “US forces remain present and vigilant to ensure all aspects of the agreement with Iran are adhered to, obeyed, and in full force and effect,” US Central […]
TEHRAN — Pakistan’s interior minister arrived in Iran on Saturday after planned talks between Iran and the United States in Switzerland were postponed, Iranian media reported. Tehran and Washington were due to hold talks in Switzerland on Friday, after signing a memorandum of understanding ending the war in the Middle East, but the latest negotiations […]
TEHRAN — The first tankers carrying Iranian oil exited a US blockade in the Strait of Hormuz, a tracking website said on Wednesday, two days before Washington and Tehran launch talks on an agreed peace deal still scant on details — including Iran’s nuclear programme and the lifting of sanctions. The talks on a final […]
TEHRAN — Iran on Tuesday said talks with the United States on its nuclear programme and sanctions relief would likely begin later this week, as President Donald Trump’s announcement that the Strait of Hormuz would reopen sent oil prices tumbling. Officials say negotiations over a final deal will take place within a 60-day window after […]
WASHINGTON — Iran and the United States said ships had again started moving through the Strait of Hormuz — with President Donald Trump saying the vital oil route would be “completely open” by Friday — after Washington and Tehran announced a deal to end the Middle East war. The reopening of one of the world’s […]
TEHRAN — The United States and Iran said they reached a deal to end the Middle East war on all fronts including Lebanon, and reopen the vital Strait of Hormuz, but offered little indication on the thorny question of Tehran’s nuclear programme. Washington and Islamabad said the agreement was to be signed on Friday in […]
SINGAPORE — Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel by 0004 […]