Oil prices briefly fell below $100 on optimism over a potential U.S.-Iran deal, but rebounded after President Trump said there was “no rush” and confirmed the Hormuz blockade would remain in place. Analysts warn the market is underestimating the crisis, with around 14–15 million bpd of supply disrupted, inventories falling rapidly, and the IEA cautioning …
Iran will block oil from leaving the region if the war with the United States restarts and Tehran’s exports are endangered, Iran’s Armed Forces Spokesperson Brigadier General Abolfazl Shekarchi said in an interview with Al-Jazeera on Monday. The spokesman warned that Iran’s response to any new attacks will be more severe. He added that the …
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United States President Donald Trump said on Monday that he will either reach a “great and meaningful” deal with Iran, or there will be no agreement. “I laugh at all of the Dumocrats, RINOS, and Fools who know nothing about the potential deal I am making with Iran, things that haven’t even been negotiated yet …
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Talks hinge on Strait of Hormuz, nuclear issues, and release of frozen Iranian funds Iranian foreign ministry spokesperson says US-Iran agreement not imminent US officials say Iran agreed in principle to open strait, dispose of enriched uranium Oil prices fall as optimism grows for US-Iran deal, but energy crisis persists Iran and the United States …
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US President Donald Trump said on Sunday that negotiations with Iran are moving forward in an “orderly and constructive manner,” while stressing that Washington will not rush into an agreement. In a post on Truth Social, Trump said he had instructed US representatives involved in the negotiations to take their time and “not to rush” …
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United States President Donald Trump said on Saturday that it is a “solid 50/50” between the option of reaching a “good” deal with Iran or the option to “blow them to kingdom come.” “I think one of two things will happen: either I hit them harder than they have ever been hit, or we are …
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United States military and intelligence officials prepared contingency measures for potential strikes on Iran while indirect negotiations between the two countries continued, CBS News reported, citing sources with direct knowledge of the planning.Personnel lists were updated and troop rotations adjusted at bases across the Middle East in anticipation of possible escalation. Meanwhile, some US service …
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Wood Mackenzie highlighted in a new report from the company, “a prolonged closure of the Strait of Hormuz poses the single greatest threat to global energy markets in decades”. Oil prices could reach $200 per barrel in a worst case scenario as more than 11 million barrels per day of Gulf crude and condensate supply …
United States Secretary of State Marco Rubio remarked on Friday that there has been “slight” progress in his country’s negotiations with Iran, but stressed that he does not want to “exaggerate” it. Speaking to the press ahead of the meeting of the North Atlantic Treaty Organization’s (NATO) foreign ministers in Helsingborg, Rubio noted that the …
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MIAMI (AP) — Federal prosecutors on Wednesday announced criminal charges against former Cuban President Raúl Castro in the 1996 downing of civilian planes flown by Miami-based exiles as the Trump administration escalated pressure on the island’s socialist government. The indictment accuses Castro of ordering the shootdown of two small planes operated by the exile group Brothers to the Rescue. …