Pakistan's Interior Minister Mohsin Naqvi on Saturday reached Iran unannounced the first visit to the country by any senior Pakistani official after Washington and Tehran signed an agreement aimed at restoring peace in West Asia. Naqvi reached Mashhad in Iran on Saturday, reported Geo News, without disclosing further details. Later, Iranian media reported that Naqvi was on his way to the capital city, Tehran, to hold talks with senior Iranian officials. According to the state-owned IRNA news agency, Naqvi, during his visit, will "monitor the ongoing negotiations" between Iran and the US. The US and Iran signed a memorandum of understanding (MoU) this week, which led to the reopening of the Strait of Hormuz and marked the beginning of a 60-day negotiation window aimed at restoring peace in West Asia. Pakistan - the key mediator in the negotiations - is also a signatory to the memorandum as a guarantor. No official announcement was made in Islamabad about Naqvi's trip, but it is .
Desh Vibhor, operated by Shipping Corp of India, briefly reversed course before resuming its journey toward the Strait of Hormuz as shipping movements remain under watch amid West Asia tensions
The development comes a day after Vice President JD Vance canceled plans to attend the talks, which were called off amid the renewed fighting in Lebanon
The development comes a day after Vice President JD Vance canceled plans to attend the talks, which were called off amid the renewed fighting in Lebanon
Trump said he had been in contact with Israel earlier in the day and encouraged its leadership to support the ceasefire effort
Indian refiners expect Russian crude discounts to widen as additional supplies from Iran and West Asia enter the market following the US-Iran ceasefire agreement
Oil tanker traffic through the Strait of Hormuz is rebounding after the US-Iran ceasefire, though Tehran's transit conditions continue to unsettle shippers
Oil tanker traffic through the Strait of Hormuz is rebounding after the US-Iran ceasefire, though Tehran's transit conditions continue to unsettle shippers
By 0645 GMT, Brent crude futures gained 51 cents, or 0.64 per cent, to $80.36 a barrel, and US West Texas Intermediate crude rose $1.28, or 1.7 per cent, to $77.88 a barrel
Silver was trading at $66, down 7.78 per cent from June 17 high of $71.57.
Switzerland confirmed that planned talks between US and Iranian negotiators would not take place on Friday, while Washington cited logistical challenges
Switzerland confirmed that planned talks between US and Iranian negotiators would not take place on Friday, while Washington cited logistical challenges
Data from Vortexa shows most cargoes are destined for Asia, with several tankers already indicating routes toward China and regional transshipment hubs in Southeast Asia
Data from Vortexa shows most cargoes are destined for Asia, with several tankers already indicating routes toward China and regional transshipment hubs in Southeast Asia
Israel's military said Friday its forces struck targets throughout southern Lebanon overnight as Hezbollah reported intense fighting in the area. Lebanon's state-run National News Agency reported at least 16 people were killed in Israeli airstrikes. The attacks came as planned talks in Switzerland between Iran and the United States over their efforts to reach a permanent end to the Iran war were delayed. Israel's occupation of southern Lebanon and its continued attacks on the Iranian-backed Shiite militia Hezbollah has been a key issue in the talks. Israel maintains it must continue to hold the territory and have a free hand to battle Hezbollah as it has been launching attacks into northern Israel. The talks being postponed trip comes after Al-Mayadeen, a pan-Arab satellite channel that is politically allied with Hezbollah, reported that Iran was delaying sending its delegation to Switzerland over ongoing Israel's military campaign in Lebanon.
Israel's military said Friday its forces struck targets throughout southern Lebanon overnight as Hezbollah reported intense fighting in the area. Lebanon's state-run National News Agency reported at least 16 people were killed in Israeli airstrikes. The attacks came as planned talks in Switzerland between Iran and the United States over their efforts to reach a permanent end to the Iran war were delayed. Israel's occupation of southern Lebanon and its continued attacks on the Iranian-backed Shiite militia Hezbollah has been a key issue in the talks. Israel maintains it must continue to hold the territory and have a free hand to battle Hezbollah as it has been launching attacks into northern Israel. The talks being postponed trip comes after Al-Mayadeen, a pan-Arab satellite channel that is politically allied with Hezbollah, reported that Iran was delaying sending its delegation to Switzerland over ongoing Israel's military campaign in Lebanon.
Silver ETFs bore the brunt of the correction, falling as much as 6 per cent during the session, while gold ETFs declined over 3 per cent
State refiners have already secured sufficient crude for the next two months and are evaluating long-term supply commitments from West Asian producers
While Trump has hailed the Iran-US MoU as a step towards regional stability, critics have denounced the framework as a premature concession that grants Tehran significant benefits
While Trump has hailed the Iran-US MoU as a step towards regional stability, critics have denounced the framework as a premature concession that grants Tehran significant benefits