Oil prices dropped nearly 5% after President Trump announced a completed deal with Iran to reopen the Strait of Hormuz. U.S. crude futures closed at $80.75/barrel, Brent at $83.17. Discrepancies exist regarding tolls and administration post-deal.
The US and Iran have agreed to a deal to resolve their conflict, with an official signing scheduled for June 19 in Geneva. The agreement includes an end to the US maritime blockade of Iran, a cessation of military operations, and discussions on sanctions relief and Iran's nuclear program.
Oil prices dropped significantly after President Donald Trump announced a completed deal with Iran to reopen the Strait of Hormuz. U.S. crude futures fell 5.05% to $80.63, and Brent futures dropped 4.36% to $83.52. Energy stocks also declined in early European trading.
Oil prices dropped significantly after President Donald Trump announced a completed deal with Iran to reopen the Strait of Hormuz. U.S. crude futures fell 4.85% to $80.76, and Brent futures dropped 4.35% to $83.51. Trump stated Hormuz will open without tolls and the U.S. will end its naval blockade.
Oil prices dropped significantly after President Donald Trump announced a completed deal with Iran to reopen the Strait of Hormuz, ending the U.S. naval blockade and allowing global oil flow. Pakistan's PM served as mediator.
Pakistan's PM announced a US-Iran war end deal, with Trump confirming on Truth Social. The agreement, struck despite an Israeli strike on Lebanon, reportedly includes a permanent termination of military operations. Terms remain undisclosed, but sources suggest reopening the Strait of Hormuz and ending port blockades.
US President Donald Trump and Pakistani PM Shehbaz Sharif announced a deal with Iran to reopen the Strait of Hormuz and end the US naval blockade. Trump stated the agreement is complete, authorizing the toll-free opening of the strait and removal of the blockade. Sharif confirmed a comprehensive peace accord, including an immediate termination of military operations in Lebanon, with a signing ceremony set for June 19 in Switzerland.
Western allies assess that Iran has rebuilt its missile arsenal during an eight-week ceasefire, likely acquiring new Russian weapons and replenishing munitions to near pre-war levels, potentially enabling a strong retaliatory strike.
Funeral ceremonies for the late leader of the Islamic Republic, Ali Khamenei, are scheduled from July 4-9, 2026. The long delay between his death on February 28, 2026, and the funeral announcement has sparked speculation, with security concerns and logistical preparations cited as potential reasons.
President Trump announced the cancellation of scheduled strikes against Iran, citing high-level approval from Iranian leadership and significant progress in negotiations. Iranian officials had warned of wider regional conflict and market disruption from renewed military action.
US President Donald Trump announced he has cancelled scheduled strikes and bombings against Iran, stating the decision was approved by the highest levels of Iranian leadership.
Israel launched airstrikes on Iran's military facilities after Iran fired rockets at northern Israel, escalating a conflict sparked by Israel's strike on a Hezbollah site in Beirut.
The Iran-Iraq War (1980-1988) consolidated the Islamic Republic by fostering internal cohesion and silencing dissent. A similar dynamic is observed in the recent conflict (Feb 28 - Apr 8) with Israel and the US, which paradoxically strengthened the regime and facilitated the swift succession of Mojtaba Khamenei after his father's death.
Iran's Foreign Minister Abbas Araghchi stated that the country's armed forces are conducting self-defense strikes solely on facilities used by the US to attack Iranian territory. This follows US Central Command's announcement of strikes on Qeshm island after intercepting Iranian missiles and drones.
Donald Trump is reportedly seeking written nuclear concessions from Iran, deeming verbal assurances insufficient. A draft agreement on a ceasefire and Strait of Hormuz opening was reached, but Trump has toughened terms, demanding specific written commitments beyond not seeking nuclear weapons.
Donald Trump announced a ceasefire between Israel and Hezbollah after calls with leaders, while Iran's Tasnim agency reported a halt to US peace talks and threats to the Strait of Hormuz. Iran's foreign ministry blamed the US for Israel's actions in Lebanon.
Iran's military adviser to the supreme leader, Mohsen Rezaee, warned the US against continuing a naval blockade and further escalation in Lebanon, stating Iran's patience is not unlimited and that the Strait of Hormuz is under Iran's control.
Analysts suggest Donald Trump's confidence in Israeli PM Netanyahu has waned due to the Iran war's lack of decisive victory. Trump announced a preliminary peace deal with Tehran, sparking criticism from Republican allies like Ted Cruz and Mike Pompeo, who decried it as "Iran appeasement."
US Secretary of State Marco Rubio expressed optimism Thursday about progress in ending the war with Iran, as Pakistan's army chief, Field Marshal Asim Munir, was set to arrive in Tehran for talks. A ceasefire is in place, but peace negotiations have stalled, causing global economic uncertainty.
US President Donald Trump met with his national security team on May 18 to discuss military options against Iran, despite having previously postponed attacks. The meeting included key officials and focused on future military plans and diplomatic efforts.
US President Donald Trump called off planned strikes on Iran at the urging of Gulf leaders, citing ongoing "serious negotiations" for a deal to end the conflict. However, he warned the military to remain prepared for a large-scale assault if an acceptable deal is not reached.
President Trump met with his national security team on Saturday to discuss potential next steps regarding Iran. The Pentagon has prepared military target plans, including Iranian energy and infrastructure facilities, should hostilities resume.
Iran delivered its response to Pakistani mediators on Sunday, according to the state-run Islamic Republic News Agency.
Iran delivered its response to Pakistani mediators on Sunday, according to the state-run Islamic Republic News Agency.
