Brent crude futures were down $1.64, or 2.06 per cent, at $77.91 a barrel as of 0427 GMT, and US West Texas Intermediate fell $1.80, or 2.34 per cent, to $74.99 a barrel
Brent crude futures were down $1.64, or 2.06 per cent, at $77.91 a barrel as of 0427 GMT, and US West Texas Intermediate fell $1.80, or 2.34 per cent, to $74.99 a barrel
Around 31 supertankers, capable of carrying about 62 million barrels of crude, are stuck inside the Persian Gulf and set to sail out once the waterway opens up
US President Donald Trump's signing of the US-Iran deal at Versailles has renewed focus on the palace's long history as a venue where wars ended and major diplomatic decisions were made
Traffic through the Strait was light, with smaller cargo vessels passing through, hours after Trump said he had signed the deal with Iran that involved a rapid reopening of the critical waterway
Traffic through the Strait was light, with smaller cargo vessels passing through, hours after Trump said he had signed the deal with Iran that involved a rapid reopening of the critical waterway
The Congress on Thursday came down heavily on the government after the US and Iran signed a peace deal, saying the pact being called the 'Islamabad MoU' shows the new-found regional standing and global influence of Pakistan which is a "severe setback" to both the substance and style of Prime Minister Narendra Modi's foreign policy. Congress general secretary Jairam Ramesh noted that the 14-point Islamabad Memorandum of Understanding between the USA and Iran has now been officially released. "The fact that it is called the Islamabad MOU shows the new-found regional standing and global influence of Pakistan, a country that had once been isolated on the global stage by Dr. Manmohan Singh following the Mumbai terror attacks in November 2008," Ramesh said on X. "This is a severe setback to both the substance and style of Prime Minister Modi's foreign policy. Pakistan is now even more deeply embedded in the geopolitical and security architecture of West Asia which has grave and great ...
Trump's support for deal has drawn attention as it appears to permit uranium enrichment, ballistic missiles and access to frozen funds-issues he had criticised as major flaws in past Iran agreements
Trump's support for deal has drawn attention as it appears to permit uranium enrichment, ballistic missiles and access to frozen funds-issues he had criticised as major flaws in past Iran agreements
The US and Israel launched the war on Iran on February 28, assassinating the 86-year-old Supreme Leader Ayatollah Ali Khamenei and military leaders on the first day
The US and Israel launched the war on Iran on February 28, assassinating the 86-year-old Supreme Leader Ayatollah Ali Khamenei and military leaders on the first day
While the Iranians suffered substantial losses in the war, they emerged from a confrontation with the world's most powerful military, having proved they can use economic chaos as a weapon
While the Iranians suffered substantial losses in the war, they emerged from a confrontation with the world's most powerful military, having proved they can use economic chaos as a weapon
A draft agreement by the United States and Iran calls for Tehran to dilute its stockpile of highly enriched uranium and would waive, but not permanently end, sanctions on the country, according to US officials who read the language of the memorandum on ending the war to journalists. The agreement would also open the Strait of Hormuz toll-free for two months and affirm a commitment to Lebanon's territorial integrity in the face of Israel's invasion against the Hezbollah militant group. US officials dictated the language to journalists Wednesday after days of secrecy, speaking on condition of anonymity. Iranian state TV later released text that largely tracks what the US put out. Meanwhile, Iran suggested the document could be signed by Presidents Donald Trump and Masoud Pezeshkian. Such a signing ceremony would represent a major step for the two countries, which saw diplomatic relations break off in 1980 over the US Embassy hostage crisis in Tehran. According to the officials, the .
A draft agreement by the United States and Iran calls for Tehran to dilute its stockpile of highly enriched uranium and would waive, but not permanently end, sanctions on the country, according to US officials who read the language of the memorandum on ending the war to journalists. The agreement would also open the Strait of Hormuz toll-free for two months and affirm a commitment to Lebanon's territorial integrity in the face of Israel's invasion against the Hezbollah militant group. US officials dictated the language to journalists Wednesday after days of secrecy, speaking on condition of anonymity. Iranian state TV later released text that largely tracks what the US put out. Meanwhile, Iran suggested the document could be signed by Presidents Donald Trump and Masoud Pezeshkian. Such a signing ceremony would represent a major step for the two countries, which saw diplomatic relations break off in 1980 over the US Embassy hostage crisis in Tehran. According to the officials, the .
Pakistan says that the deal to end the war in Iran is taking immediate effect' after both sides have signed it, but that there will still be a formal signing ceremony on Friday. Pakistani Prime Minister Shehbaz Sharif said leaders of both the US and Iran had signed the agreement and endorsed him as a mediator. He said in a post on X that the deal "shall enter into force with immediate effect and as a first step, Islamic Republic of Iran will instantly reopen the Strait of Hormuz and the United States of America will immediately lift the naval blockade." Sharif said that Pakistan and co-mediator Qatar will still host an official signing ceremony on Friday in Switzerland. His post came shortly after President Donald Trump said he'd signed the agreement during a dinner at the Palace of Versailles.
Pakistan says that the deal to end the war in Iran is taking immediate effect' after both sides have signed it, but that there will still be a formal signing ceremony on Friday. Pakistani Prime Minister Shehbaz Sharif said leaders of both the US and Iran had signed the agreement and endorsed him as a mediator. He said in a post on X that the deal "shall enter into force with immediate effect and as a first step, Islamic Republic of Iran will instantly reopen the Strait of Hormuz and the United States of America will immediately lift the naval blockade." Sharif said that Pakistan and co-mediator Qatar will still host an official signing ceremony on Friday in Switzerland. His post came shortly after President Donald Trump said he'd signed the agreement during a dinner at the Palace of Versailles.
Agreement sets stage for 60-day negotiations on sanctions relief, nuclear programme and regional security
Agreement sets stage for 60-day negotiations on sanctions relief, nuclear programme and regional security
US says Iran agreement remains open until final deal