The United States and Iran have signed a preliminary agreement aimed at ending months of conflict and paving the way for the reopening of the Strait of Hormuz, sanctions relief for Tehran and a new round of negotiations on Iran's nuclear programme.
The United States and Iran have announced an agreement aimed at ending months of conflict and paving the way for the reopening of the Strait of Hormuz, a vital shipping route for global energy supplies, although key details of the accord remain unclear.
US President Donald Trump said an agreement with Iran is scheduled to be signed on Sunday and would lead to the reopening of the Strait of Hormuz, but Iranian officials indicated that significant differences remain and denied that a final deal was ready for signature.
US President Donald Trump said on Thursday it would hit Iran again tonight and threatened to seize the country’s oil infrastructure including its main export terminal Kharg Island “in the not too distant future, triggerring a strong response from Iran which threatened to attack Elon Musk’s companies in the Middle East.
US forces attacked Iranian military facilities after Iran launched “unprovoked” missile, drone and small boat attacks against American warships transiting the Strait of Hormuz, US Central Command (CENTCOM) said.
A US trade court has struck down President Donald Trump’s latest 10 percent global tariffs, ruling that the across-the-board duties were not justified under a decades-old trade law.
Three supertankers carrying 6 million barrels of Middle East crude resumed crossing the strategic Strait of Hormuz on Wednesday, signalling tentative hopes for stability in global oil flows as US President Donald Trump indicated he was prepared to give Iran a few more days to respond to Washington’s latest proposal aimed at ending the conflict.
Warning signs of a regional escalation emerged on Sunday as US President Donald Trump intensified his rhetoric toward Iran, the United Arab Emirates reported a drone strike near its Barakah Nuclear Power Plant, and Saudi Arabia said it had intercepted three drones that entered its airspace from Iraq.
