Iran has attracted almost no significant foreign direct investment in the past four decades, frozen out of global capital markets by successive waves of US and international sanctions
Brent crude futures dipped 16 cents, or 0.2 per cent, to $78.80 a barrel by 0340 GMT, while US West Texas Intermediate fell 25 cents, or 0.3 per cent, to $75.80 a barrel
Iran's ability to hurt the economy using the critical waterway can crop up again regardless of the framework agreement to be signed on Friday, the assessment revealed
Iran's ability to hurt the economy using the critical waterway can crop up again regardless of the framework agreement to be signed on Friday, the assessment revealed
The two sides agreed to the deal on Sunday and plan to formally sign it on June 19 in Switzerland, clearing the way for 60 days of talks intended to end the war for good
The two sides agreed to the deal on Sunday and plan to formally sign it on June 19 in Switzerland, clearing the way for 60 days of talks intended to end the war for good
Draft US-Iran pact proposes sanctions relief, nuclear curbs and $300 bn aid
Draft US-Iran pact proposes sanctions relief, nuclear curbs and $300 bn aid
Israeli Prime Minister Benjamin Netanyahu told President Donald Trump last year that he was the "greatest friend Israel ever had in the White House". Now, as Trump tries to finalise a deal to end the war with Iran, he's unloading on Netanyahu with rhetoric that no other American leader has dared to use publicly. He claimed credit for Israel's existence - "without me, there would be no Israel" - and cursed his judgment in interviews. He even described him as "crazy". Netanyahu's tenure as prime minister spans four US presidents, and he's frustrated all of them at one point or another. But none has voiced that as openly as Trump, who started the conflict in tandem with Netanyahu. The tension comes as Trump criticises recent Israeli attacks in Lebanon, which threatened to jeopardise negotiations between Washington and Tehran. Trump has been pushing for a deal as he faces political blowback at home, where the war is unpopular and has driven up gasoline prices. "If Netanyahu gets in ..
Israeli Prime Minister Benjamin Netanyahu told President Donald Trump last year that he was the "greatest friend Israel ever had in the White House". Now, as Trump tries to finalise a deal to end the war with Iran, he's unloading on Netanyahu with rhetoric that no other American leader has dared to use publicly. He claimed credit for Israel's existence - "without me, there would be no Israel" - and cursed his judgment in interviews. He even described him as "crazy". Netanyahu's tenure as prime minister spans four US presidents, and he's frustrated all of them at one point or another. But none has voiced that as openly as Trump, who started the conflict in tandem with Netanyahu. The tension comes as Trump criticises recent Israeli attacks in Lebanon, which threatened to jeopardise negotiations between Washington and Tehran. Trump has been pushing for a deal as he faces political blowback at home, where the war is unpopular and has driven up gasoline prices. "If Netanyahu gets in ..
The Senate tried and failed again Tuesday to advance a war powers resolution that would halt the US military action against Iran, in what has become an almost weekly effort to rein in President Donald Trump as the administration floats a new plan to bring an end to the nearly four-month long war. Senators of both parties have have been sceptical of the Trump administration's emerging Iran deal and frustrated by the White House's refusal to share details. They are expecting a briefing from the administration, but nothing has been scheduled before Friday's planned deadline for the two sides to sign the agreement. The vote was 47-48, with four Republicans joining most Democrats in supporting the war powers resolution. That fell short of the majority needed to advance it. "Join me in putting a check on this president's lawless warmongering," said Senator Raphael Warnock, who proposed the resolution, in a speech before the voting. "The time is always right to do what's right," he said.
The Senate tried and failed again Tuesday to advance a war powers resolution that would halt the US military action against Iran, in what has become an almost weekly effort to rein in President Donald Trump as the administration floats a new plan to bring an end to the nearly four-month long war. Senators of both parties have have been sceptical of the Trump administration's emerging Iran deal and frustrated by the White House's refusal to share details. They are expecting a briefing from the administration, but nothing has been scheduled before Friday's planned deadline for the two sides to sign the agreement. The vote was 47-48, with four Republicans joining most Democrats in supporting the war powers resolution. That fell short of the majority needed to advance it. "Join me in putting a check on this president's lawless warmongering," said Senator Raphael Warnock, who proposed the resolution, in a speech before the voting. "The time is always right to do what's right," he said.
Industry executives expect war-risk insurance rates to soften further if the US-Iran agreement leads to sustained reopening of the Strait of Hormuz and lower regional tensions
In a post on Truth Social, Trump reiterated his administration's position that the agreement with Iran would ensure that Tehran does not develop nuclear weapons
In a post on Truth Social, Trump reiterated his administration's position that the agreement with Iran would ensure that Tehran does not develop nuclear weapons
The US-Iran agreement has eased oil market fears, but experts warn it could take months for Strait of Hormuz shipping to fully normalise
The US-Iran agreement has eased oil market fears, but experts warn it could take months for Strait of Hormuz shipping to fully normalise
An end to the West Asia conflict augurs well for India, but it should not lull the government into policy inaction
US President Donald Trump on Tuesday said he's open to sending the emerging peace agreement with Iran to the American Congress for review. Speaking on the sidelines of the Group of Seven summit in the French Alps, Trump said, "I like the idea, send it to Congress, please." He added, "I mean, who wouldn't approve it?" Republicans on Capitol Hill say they want Trump to provide more information about the agreement, with some expressing scepticism that the deal can deter Iran from pursuing a nuclear weapon.
US President Donald Trump on Tuesday said he's open to sending the emerging peace agreement with Iran to the American Congress for review. Speaking on the sidelines of the Group of Seven summit in the French Alps, Trump said, "I like the idea, send it to Congress, please." He added, "I mean, who wouldn't approve it?" Republicans on Capitol Hill say they want Trump to provide more information about the agreement, with some expressing scepticism that the deal can deter Iran from pursuing a nuclear weapon.