Oil prices jumped 4% as renewed military action between Iran and the US heightened fears over the Strait of Hormuz. Brent crude rose to $79.26 and WTI to $74.53 after Iran expanded strikes to Qatar and UAE, while the US attacked Iranian targets. Shiptracking data shows fewer vessels passing through the strait.
Russia's Acting UN Permanent Representative Anna Yevstigneyeva stated Moscow's readiness to facilitate a comprehensive, long-term agreement between the US and Iran and proposed an updated collective security concept for the Persian Gulf.
UK motorists are experiencing lower fuel prices, with further reductions anticipated, following a US-Iran agreement that ended their conflict and eased energy supply disruptions. Prices are at their lowest since early March but remain above pre-conflict levels, while a planned fuel duty increase has been postponed.
Eleven India-bound vessels have safely navigated the Strait of Hormuz since the US-Iran agreement on June 17, with 10 Indian-flagged ships remaining in the Persian Gulf, according to MEA spokesperson Randhir Jaiswal.
President Trump expressed confidence in managing US-Iran deal tensions, including Israeli PM Netanyahu's stance. Trump stated he is a problem solver and will resolve issues with Netanyahu, who indicated Israel would continue operations in Lebanon to protect its people.
President Trump expressed confidence in managing US-Iran deal tensions, including Israeli PM Netanyahu's stance. Trump stated he is a problem solver and will resolve issues with Netanyahu, who indicated Israel would continue operations in Lebanon to protect its people.
Political expert Pavel Timofeyev stated that Israel's position is the main factor that could undermine the US-Iran agreement. He noted Israeli PM Netanyahu's readiness to continue military operations in Lebanon regardless of US stance. Timofeyev also highlighted challenges in securing a better deal than JCPOA and external factors affecting the agreement.
Swiss officials highlight the challenge of implementing the US-Iran agreement, noting that the mere presence and dialogue between parties in Burgenstock is a significant contribution. Meanwhile, Trump issues an ultimatum to Iran regarding the Strait of Hormuz.
US President Donald Trump clarified his viral 'I'm the boss' remark at the G7 summit was a joke, intended to be cute and funny, not an assertion of authority. He explained the context of the long table and the presence of other world leaders, including India's PM Modi, during an interview on The Axios Show.
An expert suggests reports of a US-Israel rift are premature, despite public statements by Donald Trump and Israeli PM Netanyahu's office indicating disagreements on Middle East policy, particularly concerning Lebanon. The analyst believes deeper geopolitical factors underpin the relationship.
US Vice President JD Vance warned Israeli critics of the US-Iran agreement, defending President Trump and stating Washington is Israel's only powerful ally. Vance criticized Israeli ministers, emphasizing US military support and questioning Israel's approach to national security.
US Vice-President J.D. Vance defended a "win-win" US-Iran agreement on Thursday, pushing back against critics who slammed its vague provisions. President Donald Trump also aggressively defended the memorandum of understanding (MOU), calling critics "fools."
Iran's currency has gained over 15% against the US dollar and its stock market hit record highs following a US-Iran understanding. However, Iranians still face high prices for basic goods due to inflation and sanctions, with economic relief yet to reach households.
Russia's Foreign Ministry has welcomed the agreement between the US and Iran to end their military conflict. Moscow praised the commitment of both nations and the mediation efforts of Pakistan and Qatar.
The US has revealed a 14-point US-Iran Memorandum of Understanding aiming to extend a ceasefire, reopen the Strait of Hormuz, and end the conflict. Key points include a termination of military operations, respect for internal affairs, a 60-day negotiation timeline, US to end blockade, safe passage through Hormuz, $300bn for Iran's reconstruction, termination of sanctions, no nuclear weapons for Iran, and release of frozen funds.
US officials revealed a 14-point agreement with Iran to extend a ceasefire, open the Strait of Hormuz, and end the conflict. The deal is performance-based, with Iran benefiting only upon compliance. Key points include ending conflict on all fronts, respecting internal affairs, a 60-day negotiation timeline, US ending blockades, safe passage through Hormuz, $300bn for Iran's reconstruction, ending sanctions, no nuclear weapons for Iran, and monitoring mechanisms.
Israeli forces conducted airstrikes in southern Lebanon, injuring several people, just days before a US-Iran deal to end the Middle East war is expected to be finalized. The attacks targeted Nabatieh al-Fawqa, Kfar Tebnit, and Ansariyeh, with Hezbollah remaining silent on recent actions.
Israeli forces conducted airstrikes in southern Lebanon, injuring several people, according to state media. This occurs days before a US-Iran deal to end the Middle East war is expected to be finalized, raising concerns about its implications for Lebanon.
Israeli airstrikes persist in southern Lebanon despite a US-Iran agreement to end the war on all fronts. Drone attacks in Tyre and Bint Jbeil caused injuries, while Hezbollah responded with rockets. Iran warns that continued Israeli actions violate the deal, which includes Lebanon as a sensitive issue.
The Indian Rupee strengthened significantly against the US dollar, gaining over 30 paise to reach 94.29. This recovery is attributed to falling crude oil prices and a weaker dollar index, with markets anticipating the US-Iran framework agreement.
Oil prices have fallen below $80 per barrel, nearing pre-conflict levels, driven by optimism over a potential US-Iran agreement that could reopen the Strait of Hormuz to oil flows.
Oil prices dropped near $70 as a potential US-Iran agreement raised hopes for reopening the Strait of Hormuz, potentially easing supply concerns. WTI and Brent crude fell around 5% to three-month lows.
Switzerland's Federal Department of Foreign Affairs (FDFA) confirmed that a US-Iran agreement signing is scheduled for June 19 at Burgenstock. Mediators Pakistan and Qatar, along with the US and Iran, proposed the location, with Switzerland facilitating the diplomatic meeting.
Turkish Foreign Minister Hakan Fidan stated that the international community must unite to prevent Israel from disrupting US-Iran agreements, calling them a crucial diplomatic milestone. He warned that Israel might sabotage these talks and expressed hope for their swift completion.
