Pakistan Prime Minister Shehbaz Sharif and its Army Chief Asim Munir left for Switzerland early Sunday to participate in the technical-level talks between the US and Iran. As a follow-up to the signing of the Islamabad MoU, technical-level talks will be held in Burgenstock, Switzerland, on Sunday, according to the prime minister's office. "The prime minister, along with a high-level delegation, has departed from Islamabad for Switzerland," the PMO said in its statement issued after midnight. It added that Prime Minister Sharif and Field Marshal Munir will participate in these talks. Earlier, Pakistan had announced that the talks would be held in Switzerland after they were postponed on Friday. The talks are aimed at adding key details to the preliminary accord to halt the nearly four-month war between the US and Iran signed earlier this week by US President Donald Trump and Iranian President Masoud Pezeshkian. US Vice President J D Vance was initially supposed to hold a first rou
The IRGC warned ships would be at risk if they approached the waterway, a vital conduit for global oil and gas supplies
US President Donald Trump on Saturday threatened to impose US tolls in the Strait of Hormuz if a final deal with Iran isn't reached in 60 days. Trump, spending the weekend at Camp David, underscored that the initial agreement to end the war with Iran calls for toll-free travel through the vital waterway for 60 days. Then he said: "there will be NO TOLLS after the 60 day period has expired, unless they are imposed by and for the United States of America, should the deal not be completed." Trump said the money would be for "services rendered as the Guardian Angel to the countries of the Middle East for purposes of both past, present, and future reimbursement of costs." The US president has faced a lot of blowback domestically for how the memorandum of understanding with Iran addresses the issue of tolls in the Strait of Hormuz. The deal only secures toll-free passage for 60 days and doesn't preclude future fees.
Iran has been the early winner from the easing of tensions with the US following the signing of an interim peace deal and has wasted no time in resuming oil exports
Three Indian-flagged crude oil tankers carrying over 8.6 lakh million tonnes of cargo with 94 crew members from the country transited through the Strait of Hormuz on Saturday and are en route to India, Union Minister Sarbananda Sonowal said. The three crude oil tankers -- Desh Vaibhav, Desh Vibhor, and Sanmar Herald -- are expected to arrive in India between June 24 and July 1. While Desh Vaibhav is expected to reach Vadinar Port on June 24, Desh Vibhor is likely to arrive at Sikka Port the same day. Sanmar Herald, the third Indian-flagged oil tanker to cross the Strait of Hormuz on Saturday, is scheduled to reach Paradip on July 1. "3 Indian-flagged crude oil tankers, Desh Vaibhav, Desh Vibhor and Sanmar Herald carrying over 8.6 Lakh MT of cargo with 94 Indian crew members have successfully transited the Strait of Hormuz today and are en route to India," Minister of Ports, Shipping & Waterways Sonowal said in a post on X. "Under the decisive leadership of Hon'ble PM Shri ...
US Vice President J D Vance said on Saturday the peace talks with Iran were on and negotiators Steve Witkoff and Jared Kushner were already in Switzerland. In an interview with Fox News, Vance said he also planned to join the talks in Switzerland in the next few days, contending that the US has all the cards. "We'll plan the talks when the principals from the Iranian government, also the Qatari and the Pakistani governments arrive. That may happen as soon as tomorrow, but these things are always a little bit in flux," Vance said. "Jared and Steve have been on the ground now for a few hours, dealing with some of the technical elements of this negotiation," Vance added. US President Donald Trump and Iran President Masoud Pezeshkian signed the Memorandum of Understanding to end the over three-month war and technical aspects of the agreement were to be discussed by negotiators in Switzerland beginning Friday. However, there was a delay due to a fresh round of firing between Israel and
US Vice President J D Vance said on Saturday the peace talks with Iran were on and negotiators Steve Witkoff and Jared Kushner were already in Switzerland. In an interview with Fox News, Vance said he also planned to join the talks in Switzerland in the next few days, contending that the US has all the cards. "We'll plan the talks when the principals from the Iranian government, also the Qatari and the Pakistani governments arrive. That may happen as soon as tomorrow, but these things are always a little bit in flux," Vance said. "Jared and Steve have been on the ground now for a few hours, dealing with some of the technical elements of this negotiation," Vance added. US President Donald Trump and Iran President Masoud Pezeshkian signed the Memorandum of Understanding to end the over three-month war and technical aspects of the agreement were to be discussed by negotiators in Switzerland beginning Friday. However, there was a delay due to a fresh round of firing between Israel and
Iran's joint military command said on Saturday that the Strait of Hormuz has been closed again, citing Israeli attacks in Lebanon and US "bad faith" and "its clear breach of its commitments" by failing to end the war. The statement on state television also warned that "if the aggression continues, subsequent steps have been planned." Ships had begun transiting the strait after the interim US-Iran agreement was signed earlier in the week. Israeli strikes on southern Lebanon on Saturday killed at least 16 people, including two children, hours after reports emerged of a ceasefire agreement. The persistent fighting threatened an interim agreement between the US and Iran to end the war in the Middle East.
Iran postponed negotiations that were meant to begin in Switzerland on Friday because of the ongoing fighting
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