Oil Prices Firm Up as U.S.-Iran Deal Faces Tests
Oil remains on track for a second straight weekly decline, but signs of cracks in the agreement to end the war have given traders pause.
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France warns UN sanctions on Iran won't lift without its sign-off
France warns UN sanctions on Iran won't lift without its sign-off France wants to play a role in talks dealing with Iran 's nuclear programme and will not approve the lifting of UN sanctions unless it is satisfied by the terms of a final accord, its foreign minister said. Jean-Noel Barrot said on Friday there would be no stability in the region unless US talks with Iran also dealt with Iran's ballistic missile programme and support for proxies. "The return for major concessions that will be asked of Iran is the lifting of sanctions, sanctions that were taken at the United Nations," he said.
How Deal With U.S. Could Reconnect Iran to the Global Economy
The country has long faced some of the world’s heaviest sanctions. The lifting of restrictions could open new vistas on trade and financial access.
US lifts maritime blockade on Iranian ports after signing MoU, says CENTCOM
Washington DC [US], June 19 (ANI): The US Central Command (CENTCOM) on Thursday (local time) announced that the United States has lifted its maritime blockade on all traffic entering and exiting Iranian ports and coastal areas, marking a major implementation step under the newly signed US-Iran agreement as the two sides begin a 60-day negotiation process toward a comprehensive deal.
US says it lifted blockade on Iranian ports
US says it lifted blockade on Iranian ports US Vice President JD Vance has announced that Washington has lifted its blockade on Iranian ports as the Strait of Hormuz reopens to commercial shipping. "Centcom has allowed north of a dozen ships to go through our naval blockade. And so we're also honouring our end of the early part of the agreement," he said.
Iran's Strait Authority to facilitate ships' passage through Hormuz
Iran's Strait Authority to facilitate ships' passage through Hormuz Iran's Supreme National Security Council said in a statement on Thursday that the country's Persian Gulf Strait Authority will take measures to issue fast authorisations to ships wanting to pass through the Strait of Hormuz as per the Memorandum of Understanding (MoU) signed by Tehran and Washington. Measures on mine clearance will be carried out under the Islamabad MoU, though ships are advised to stick to the path and timing allocated by the authority, the statement published by state media added. Meanwhile, the maritime security threat level in the Strait of Hormuz has been reduced to moderate, said the US-led Combined Maritime Forces' Joint Maritime Information Centre.
Iran announces plans to bring in maritime fees for strait of Hormuz
Tehran says fees to cover cost of managing waterway will come into effect at end of 60-day negotiation period Middle East crisis – live updates Iran has announced plans to introduce a system of maritime fees in the strait of Hormuz in two months after the 60-day period of negotiation that has been triggered by the signing of the memorandum of understanding. Tehran, claiming a historic victory over the US, added that the strait was under its control and the European plan for a naval mission to escort ships though the strait would not be welcome. Continue reading...
Vance: US let at least 12 ships pass blockade after Iran deal
Vance: US let at least 12 ships pass blockade after Iran deal The US military has allowed at least 12 ships to pass through its naval blockade of Iran's ports following the signing of a memorandum of understanding between Washington and Tehran, Vice President JD Vance said on Thursday. "On the blockade, Centcom has allowed north of a dozen ships to go through our naval blockade, and so we're also honouring our end of the early part of the agreement," Vance told journalists, referring to the US military command responsible for the Middle East.
Iran Deal Provides Economic Boost, But Hormuz Shipping Is Key
TheIran framework agreementgave an immediate boost to markets, with shares rising and oil prices dipping. But whether this translates into durable economic gains will largely depend on shipping in the Strait of Hormuz.
"Stock markets hit record high, oil prices tumbling down": Trump post Iran deal
Washington DC [US], June 18 (ANI): US President Donald Trump on Thursday announced that stock markets have hit a record high, and oil prices have come down following his Iran deal. In a post on Truth Social, he said, 'These fools, who think I haven't been tough enough on Iran, when the Stock Market Just Hit A RECORD HIGH, and Oil prices are 'tumbling' down, are either jealous, bad people, or stupid.
OECD Oil Stocks Drop to Lowest Level Since 1990, IEA Reports
Oil inventories across OECD member states fell in May to their lowest level since 1990, according to the International Energy Agency (IEA), as governments drew down strategic reserves to offset supply disruptions linked to tensions in the Persian Gulf during the Middle East conflict. The IEA reported that since the beginning of the crisis, stocks in OECD countries have dropped by around 163 million barrels.
US probes Iran’s Supreme Leader's money flows through Wall Street banks
The US Justice Department is investigating how Iran’s Supreme Leader Mojtaba Khamenei built a global investment portfolio with exposure to Wall Street banks, Bloomberg reported, citing four officials with direct knowledge of the matter.
Hegseth: US can reimpose blockade if Iran doesn't fulfil commitments
Hegseth: US can reimpose blockade if Iran doesn't fulfil commitments The United States will restart military action and reimpose a blockade if Iran does not fulfill its commitments under its agreement with the US, Defence Secretary Pete Hegseth told reporters on Thursday. “The president has pointed out that we will be prepared to recommence if underneath the timeline of these talks, Iran does not do what it says it's going to do,” Hegseth said in Brussels after meeting Nato defence ministers. Hegseth said the deal came from a position of US strength.
Iran Gets Major Economic Lifeline for Minimal Concessions in Initial Deal
The agreement delays the most difficult steps for Iran for later talks, while granting it a crucial economic lifeline.
Why Flight Prices Might Not Fall After the U.S.-Iran Deal
Jet fuel may stay expensive for months, and airlines know travelers are willing to pay more for tickets.
Vance Says US Has Iran In An 'Economic Chokehold'
New posts 19:31 US Confirms End Of Naval Blockade Of Iran US Central Command (CENTCOM) has confirmed that the naval blockade on Iranian vessels and ports has been lifted. "All U. S.
US Confirms End Of Naval Blockade Of Iran
New posts 19:31 US Confirms End Of Naval Blockade Of Iran US Central Command (CENTCOM) has confirmed that the naval blockade on Iranian vessels and ports has been lifted. "All U. S.
Saudi supertankers sail through Strait of Hormuz following Iran deal
Saudi supertankers sail through Strait of Hormuz following Iran deal Three supertankers sailing under the flag of Saudi Arabia and carrying six million barrels of crude oil onboard sailed through the Strait of Hormuz hours after the US and Iran signed their ceasefire deal, according to ship tracking data. The sailings from Saudi Arabian ports were the biggest departures through the strait in weeks, according to Reuters analysis of shipping movements.
Iran markets rally on US deal hopes, but economists warn relief is no cure
The US-Iran memorandum has raised expectations of oil waivers, access to frozen funds and a path toward sanctions relief, but economists warn that Tehran’s postwar economy will need far more than a diplomatic breakthrough to escape chronic inflation and structural weakness.
Average U.S. Gasoline Price Falls Below $4 for First Time in Months
Drivers are enjoying some relief at the pump after the United States and Iran signed an agreement to reopen the Strait of Hormuz.
