The United States has granted Iran a 60-day sanctions waiver allowing Tehran to sell oil in US dollars for the first time in decades, marking a significant breakthrough in efforts to secure a lasting peace agreement following the recent conflict in the Middle East.
The United States and Iran have agreed on a roadmap aimed at reaching a comprehensive peace agreement in 60 days, marking a significant step forward in efforts to end hostilities despite renewed tensions over the Strait of Hormuz.
The $11bn SunZia wind farm and transmission line in New Mexico is now fully operational after nearly 20 years of development. The 3,650 MW project will power around 1 million homes across Arizona and California.
Conflicting messages from Washington and Tehran on Monday deepened uncertainty over the future of US-Iran negotiations, leaving markets and regional observers struggling to gauge whether weeks of diplomatic engagement are moving toward a breakthrough or drifting toward collapse.
US President Donald Trump has signed a proclamation amending his national security tariffs on some aluminum, steel and copper imports, effective until December 31, 2027. It lowers tariffs on some steel and aluminum derivative products, including certain types of residential HVAC equipment.
The United States has lifted its naval blockade of Iran and commercial shipping has begun cautiously returning to the Strait of Hormuz after Washington and Tehran signed an interim agreement aimed at ending months of conflict in the Gulf.
Oil prices declined further on Thursday, following the release of the text of the interim agreement signed by the US and Iran.
The 14-point memorandum of understanding (MoU) signed by the United States and Iran aims to reopen the Strait of Hormuz while offering Tehran a pathway to significant economic relief. However, it defers many of the most contentious issues that fuelled the recent conflict to subsequent negotiations.
The interim agreement between the US and Iran aimed at ending the Middle East conflict is expected to pave the way for Iran to resume oil exports immediately, according to US officials.
Intech has expanded its electrical solutions presence in the US energy sector with the award of a turnkey PDC and RTU Building E-House package for a major natural gas pipeline infrastructure project in Louisiana.
