Oil prices fell more than $1 on Monday as investors took profits and expected new U.S. sanctions on Iran. Brent crude futures fell $1.16, or 1.23 per cent, to $93.23 a barrel at 11:31 a.m. GMT. U.S. West Texas Intermediate crude declined $1.55, or 1.78 per cent, to $85.51 a barrel. Both contracts recorded a second consecutive weekly gain…
Iran on Monday dismissed Washington’s declaration of a massive economic pressure campaign, saying it disproved US claims to have dismantled Tehran’s military and nuclear capabilities. “Your narrative doesn’t add up: you say that Iran’s military power has been ‘dismantled’, 100% of its military factories ‘destroyed’ and its nuclear program ‘buried’,” Kazem Gharibabadi, deputy foreign minister, said in a post…
Israeli Prime Minister Benjamin Netanyahu on Sunday rejected a US-led Gaza plan endorsed by Hamas, putting distance between himself and President Donald Trump as he tries to shore up his base ahead of close elections. After more than a week of gradually escalating criticism of the plan, and despite receiving assurances that Israel would not need to start withdrawing…
Iran has set conditions for reopening the Strait of Hormuz, including compensation for war damages and the lifting of sanctions, as tensions continue over the strategic waterway crucial to global energy supplies. Iranian Foreign Minister Abbas Araghchi said discussions with Oman on the transit and management of the strait were nearing their final stages but stressed that reopening the…
President Donald Trump vowed to hit back hard at Iran after it attacked US bases in Jordan on Wednesday, as the Middle East war reignited and once again drew in the Islamic republic’s proxies. The warning came after a short lull in the fighting that had spurred hopes of a return to negotiations appeared to draw to an end,…
This handout photograph taken and released by the Iranian Foreign Ministry on June 16, 2026, shows Iranian Foreign Minister Abbas Araghchi speaking about the agreement reached with the United States. Iran’s foreign ministry on Monday said it was not currently involved in negotiations with the United States, despite a halt in recent fighting between the two sides. “Mediators may…
