Iran, Defense, Markets & Diplomacy Coverage
1188 articles · page 38 of 40
Satellite Images Show 45 km² Oil Slick Near Kharg Island
Copernicus Sentinel data shows a suspected 45-square-kilometer oil slick off Iran's Kharg Island, which handles 90% of the country's crude exports. Iran denies the spill.
Rubio Expects Iran Answer 'Today'; Parliament Calls MOU a Wish-List
Secretary Rubio said Friday the US expected Iran's response to its 14-point peace framework that day. Tehran's parliament rejected the terms as unrealistic.
US Disables Two Iranian Tankers; Iran Strikes UAE
US Navy forces disabled two Iranian oil tankers in the Gulf of Oman as Iran launched missiles and drones at UAE targets, pushing Brent crude to $108 intraday.
Pezeshkian Sets Blockade-Lift Precondition After Mojtaba Meeting
Iran's president, hours after a 2.5-hour sit-down with new Supreme Leader Mojtaba Khamenei, told reporters Hormuz talks require the US to lift its naval blockade first.
Pezeshkian Tells Macron US 'Stabbed From Behind' as Reply Lands
On the day Tehran is set to deliver its formal MOU response through Pakistani mediators, Iran's president opened a Paris channel with a trust complaint.
Iran to Deliver MOU Response, Disputes Nuclear Framing
Tehran's formal reply to the US 14-point memorandum is expected today through Pakistani mediators, with Iran rejecting the characterization that nuclear talks are underway.
Netanyahu: All Iranian Uranium Must Leave; MOU Covers Only 60%
Netanyahu says Iran's enriched uranium must be removed and enrichment dismantled, even as the Witkoff-Kushner one-page MOU only commits Tehran to shipping out its 60% stockpile.
Oil Crashes 7.8%, S&P 500 Hits Record as Iran Deal Hopes Build
Brent crude tumbled to $101.31 and U.S. stocks ripped to record highs Tuesday as Iran's IRGC Navy reopened Hormuz to safe passage and U.S.-Iran memorandum talks advanced.
China Presses Iran for 'Comprehensive Ceasefire' Before Trump-Xi Summit
Chinese FM Wang Yi met Abbas Araghchi in Beijing on May 6, urging a full ceasefire with unusual urgency ahead of the May 14–15 Trump-Xi summit where China aims to claim credit for ending the conflict.
Brent Crude Drops 8.6% to $106 on Iran Deal Optimism
Brent fell $10 to $106.52/barrel and WTI neared $93 as traders priced out conflict risk on reports of an imminent US-Iran nuclear framework agreement.
Trump Threatens Escalated Bombing if Iran Rejects Deal
President Trump issued a 48-hour ultimatum to Tehran, warning of a 'much higher level' of bombing if Iran refuses the emerging nuclear framework being negotiated.
US and Iran Near One-Page MOU; Nuclear Moratorium in Dispute
Washington and Tehran are closing in on a one-page memorandum of understanding to end the war, but the duration of a nuclear enrichment moratorium remains the central unresolved dispute, according to Axios.
Rubio: Operation Epic Fury Is Over, US Shifts to Defense
Secretary of State Rubio declared the US-Israel military campaign against Iran complete, saying Washington has moved to a defensive posture as deal talks advance.
Trump Pauses Hormuz Escort Operation, Cites Deal Progress
President Trump halted 'Project Freedom' military escorts through the Strait of Hormuz, saying Iran nuclear talks are making 'great progress' toward a final agreement.
Araghchi in Beijing as U.S. Presses China to Break Hormuz Deadlock
Iranian Foreign Minister Abbas Araghchi met Chinese counterpart Wang Yi in Beijing on Wednesday as Secretary of State Rubio urged China to tell Tehran to reopen the Strait of Hormuz before the May 14 Trump-Xi summit.
Iran Demands Hormuz Permits as Trump Pauses Naval Escorts
Tehran's new Persian Gulf Strait Authority requires foreign ships to obtain transit permits before entering the strait, directly challenging the US position that Hormuz is international waters.
Iran Strikes UAE for First Time Since Ceasefire, Fujairah Refinery Burns
Iran attacked the UAE on May 4 for the first time since the April 8 ceasefire, igniting a fire at the Fujairah oil export hub and striking an ADNOC tanker — threatening the last major bypass route for Gulf crude.
Hegseth Affirms Ceasefire as Iran Warns of 'New Equation'
Defense Secretary says US-Iran ceasefire holds despite 10+ attacks on US forces, as Iranian parliament speaker warns Tehran has 'not even begun' its Hormuz response.
USS Truxtun and Mason Transit Hormuz Under Iranian Fire
Two US Navy destroyers completed a contested Strait of Hormuz transit Tuesday as Iran struck UAE oil infrastructure and 170 million barrels of tanker cargo remain bottled up.
OPEC+ Adds 188,000 bpd for June in First Meeting Without UAE
Seven OPEC+ producers led by Saudi Arabia and Russia agreed Sunday to raise June output by 188,000 barrels per day, the cartel's first quota call since the UAE's May 1 exit.
Iran Submits 14-Point Counter to U.S. Ceasefire Offer; Trump Cool
Tehran's counter-proposal demands a 30-day war-end, U.S. withdrawal from Iran's periphery, lifting of the naval blockade and sanctions, frozen-asset release, and a new Hormuz governance regime.
Rubio Invokes AECA Emergency Clause for $8.6B Arms Sale to Gulf
Secretary Rubio approved $8.6B in arms transfers to Israel, Qatar, Kuwait and the UAE on May 3, using the AECA emergency clause to skip the 30-day congressional review.
Collins Joins Paul as Only GOP Votes for Iran War Powers Resolution
Sen. Susan Collins broke with her party April 30 to vote for the Iran War Powers Resolution, citing the 60-day constitutional deadline that lapsed the next day.
Spirit Airlines Folds, First US Corporate Casualty of Hormuz Oil Shock
Spirit cancelled all 9,000 May flights and began an orderly wind-down Saturday after a proposed $500M federal bailout collapsed, citing record jet-fuel prices.
Trump Claims Iran Hostilities 'Terminated' to Dodge War Powers Deadline
Trump sent Congress a letter declaring Iran hostilities 'terminated' as the 60-day War Powers deadline hit, even as the U.S. Navy blockade of Iranian ports remains in force.
Trump Rejects Iran Peace Proposal, Threatens to 'Blast Them Away'
Trump said Friday he cannot accept Iran's latest peace terms delivered via Pakistan, warning of military escalation while Hormuz stays closed and oil holds near $108.
EIA Forecasts $115 Brent Peak as Hormuz Cuts 6.7 mb/d in May
U.S. and international energy agencies report the deepest supply disruption on record, with EIA projecting Brent to peak at $115 in Q2 and gasoline averaging $3.70 this year.
US Sanctions Chinese Oil Terminal in 12th Iran Crude Crackdown
State and Treasury designated Qingdao Haiye Oil Terminal and three Iranian currency exchange houses for processing tens of millions of barrels of sanctioned Iranian crude.
IRGC Warns of 'Long, Painful Strikes' on US Gulf Positions
A senior IRGC official threatened sustained retaliation against US Gulf-region bases if Washington launches new strikes, hours after Trump was briefed on three military options against Iran.
IAEA Chief Grossi: Iran's Uranium Stockpile Likely Survived Strikes
IAEA Director General Grossi says Iran's enriched uranium stockpile is probably intact inside Isfahan's underground complex, complicating US claims of successful denuclearization.