At least eight Iranian banks suffered widespread service disruptions on Tuesday, leaving customers unable to access many electronic and card-based services days after a separate outage affected four major banks.
Trump claims 19 million barrels of oil passed through Strait of Hormuz US President Donald Trump has claimed that 19 million barrels of oil exited the Strait of Hormuz on Monday. In a post on his Truth Social account, he hailed the figure as "an all time RECORD". “Oil prices are tumbling down, and the world is a much safer place!
Bread prices across Tehran province have risen by as much as 100%, pushing the cost of one of the most important staple foods sharply higher and raising fresh concerns over government plans to overhaul the country's subsidy system.
Tehran [Iran], June 23 (ANI): Iranian Foreign Ministry spokesperson Esmail Baghaei on Tuesday said that Iran has no plans to allow inspections by the International Atomic Energy Agency (IAEA) of nuclear facilities damaged during US and Israeli strikes, adding that no framework currently exists for such inspections. He also said that Iran did not had any meeting with the IAEA head Rafael Mariano Grossi.
Iran will be 'only country' to determine how to use unfrozen assets: ambassador Tehran alone will decide how to use its frozen assets once they are unfrozen under a US-Iranian deal towards ending the Middle East war, an Iranian ambassador said Tuesday, contradicting US claims. As part of the deal under negotiation, Washington has agreed to release $12 billion in frozen funds to Iran, Iranian state media reported on Tuesday, and temporarily suspend sanctions on oil from the Islamic republic. US Vice President JD Vance said on Monday that Iranian assets had not yet been unfrozen as part of the deal and that, if they were, they could be used to buy US goods such as soybeans and would not fund terrorism.
After Iran weaponized the waterway by making it too dangerous for businesses, experts say, the country is now looking to charge fees to vessels seeking to transit the vital water.
TEHRAN (Tasnim) – Governor of the Central Bank of Iran Abdolnasser Hemmati said Iran is under no obligation to purchase agricultural inputs exclusively from the United States, dismissing remarks by American officials, including President Donald Trump.
Morning update The United States and Iran took another step toward implementing their memorandum of understanding after negotiations in Switzerland produced agreements on sanctions relief, nuclear inspections and the release of frozen Iranian assets. While both sides highlighted progress, disagreements remain over how released funds can be used and over ongoing tensions in Lebanon. Iranian Parliament Speaker Mohammad Bagher Ghalibaf said an agreement had been reached to release $12 billion in frozen Iranian assets.
Iran says it has no obligation to buy US produce Iran's central bank governor has pushed back against President Donald Trump's claim that released Iranian funds will be used to purchase American agricultural products, saying Tehran is under no obligation to do so. Speaking to the Tasnim news agency, Central Bank of Iran Governor Abdolnaser Hemmati said the agreement between Iran and the United States allows the first $6 billion of released funds to be used for the purchase of "basic goods and medicine". "We have no obligation to buy agricultural products from the US," Hemmati said, adding that Iran would consider American goods only if their price and quality were more competitive than alternatives from other countries.
Shipowners are facing confusion over the safest route out of the Persian Gulf as Iran, the United States and western insurers issue conflicting guidance on travel through the Strait of Hormuz, the Financial Times reported on Tuesday.
Democrats criticise Trump over sanctions relief for Iran Democrats on the US House Foreign Affairs Committee have criticised President Donald Trump's decision to grant sanctions relief to Iran, arguing that Tehran received significant economic concessions before making progress on core issues under negotiation. In a post on X, committee Democrats said the administration's actions were "inconsistent with its own rhetoric about how it would approach any deal" with Iran. They noted that Trump officials had previously stated sanctions relief would be linked to progress on Iran's nuclear programme and its regional allies.
The United States on Monday announced a sweeping sanctions waiver for Iran's energy sector, authorizing the sale of Iranian oil, allowing payments to Tehran in US dollars and opening the door for Iranian oil and petroleum products to be imported into the United States.
Trump says released Iranian assets will return through food purchases US President Donald Trump has said that any Iranian funds released under recent agreements will ultimately be used to purchase food from the United States, benefiting American farmers. Speaking to reporters, Trump said: "All that money's coming back in the form of purchases of food, which they desperately need. " He added that Iran's population required significant food imports and argued that the funds being unfrozen would effectively return to the United States through agricultural exports.
US suspends Iran sanctions after 'good progress' in talks Submitted by MEE staff on Mon, 06/22/2026 - 19:47 The first round of US-Iran negotiations concludes with a temporary lifting of sanctions but progress on the nuclear issue muddied by both sides US Vice President JD Vance speaks to the media after the US and Iran held high-level talks at the Lake Lucerne Summit in Switzerland, 22 June 2026 (Nathan Howard/AFP) Off The US suspended sanctions against Iran on Monday as the two sparred over nuclear and weapons inspections during a day of talks that US Vice President JD Vance characterised as "good progress". US Treasury Secretary Scott Bessent announced it would be temporarily lifting sanctions until 21 August under a 60-day general licence that authorises Iranian oil production and sales. Any transactions during this period must be made in US dollars.
President Trump and Vice President JD Vance pointed to progress on Iran’s nuclear program, but officials in Tehran said “no new commitments” had been made.
Washington, DC [US], June 22 (ANI): In a major shift in Middle Eastern energy and security dynamics, the US Department of the Treasury on Monday issued a temporary 60-day general license authorising transactions related to the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products.
Oil prices fall as markets respond to progress in US-Iran talks Oil prices declined on Tuesday as financial markets reacted to signs of progress in negotiations between Washington and Tehran aimed at ending the US-Israeli war on Iran. Brent crude fell 2. 8 percent to $78.
Simplicity over luxury | Sanctions on Iran | Strait answers | Charabanc comedy | Short yet Wapping A barbecue for £4,500 ( The rise of the luxury barbecue: the UK’s new outdoor cooking obsession, 19 June )? For years I have barbecued for family and friends using an upturned metal milk crate, a paving stone on top, four bricks and an old grill rack, with only the charcoal costing anything – and not a burnt sausage in sight. Maintenance free, it all stacks neatly behind the shed waiting for the next heatwave.
New Delhi [India], June 22 (ANI): Citing a shift in market fundamentals and the potential for a cooling of geopolitical tensions, Kotak Institutional Equities has revised its crude oil price outlook. The brokerage has lowered its Brent crude assumption to USD 85 per barrel for the current quarter, down from its previous estimate of USD 95 per barrel.
The 60-day waiver allows the production and sale of the Islamic Republics crude oil and petrochemicals, according to the US Treasury The US has issued a temporary sanctions waiver for Iran's oil sector, allowing limited production and sales of crude oil and petrochemicals, the Treasury Department has said.
