Oil prices remained firmly higher on Monday despite retreating from an early rally of almost 5%, with investors continuing to assess the potential impact of renewed military tensions between the U.S. and Iran on global crude supplies.
Iranian Foreign Ministry Spokesman Esmaeil Baghaei has said that Iran acted in good faith but the United States plunged Islamabad memorandum of understanding into serious crisis.
Iran's Islamic Revolution Guard Corps (IRGC) said on Monday that it had targeted U.S. bases in Jordan, Bahrain and Kuwait in retaliation for U.S. attacks against coastal Iranian provinces earlier in the day.
The U.S. military has completed its latest round of strikes against targets in Iran, hitting dozens of targets during the operation, U.S. Central Command (CENTCOM) said.
U.S. President Donald Trump on Sunday said the Strait of Hormuz was “open as far as we’re concerned,” brushing off a declaration from the Iranian military insisting the waterway was closed once again.
The foreign ministers of both countries called on the parties to the Iranian conflict to return to the negotiating table
Washington is not yet ready to continue dialogue with Tehran and intends to limit its interactions to Omani and Qatari mediators
Iranian Foreign Minister Abbas Araghchi arrived in Muscat on Saturday, where he will speak with his Omani counterpart about the Strait of Hormuz.
U.S. President Donald Trump had a phone call with Prince Mohammed bin Salman bin Abdulaziz Al Saud of Saudi Arabia on July 10.
Iran has not requested the United States to resume negotiations and does not intend to enter into them until Washington changes its position, the Fars agency reported, citing a source.
The United States has imposed sanctions on Dubai-based financier Ali Ansari, who, according to the U.S. government, is a financier of "Iranian elites."
Iran is ready to defend itself if the United States breaches the agreements, Iranian parliament speaker Mohammad Bagher Ghalibaf said.
Islamabad is ready to continue its mediatory efforts to settle the conflict between Tehran and Washington, Pakistani Prime Minister Shahbaz Sharif said during a phone call with Iranian President Masoud Pezeshkian.
Iran denied reports Friday that it had requested negotiations with the U.S., warning that any breach of commitments by Washington would be met with “reciprocal action," IRNA reported.
U.S. President Donald Trump said he had left instructions to strike Iran with unprecedented force if Tehran succeeds in implementing plans to kill him.
The United States does not want Israel to participate in the latest round of hostilities with Iran for fear of losing control over how the conflict progresses, CNN quoted two Israeli sources as saying.
Qatari negotiators are in Iran, where they are holding meetings with Iranian officials aimed at easing tensions between Tehran and Washington, Reuters reported, citing a source.
The perimeter of Iran's Bushehr Nuclear Power Plant was struck by projectiles during U.S. attacks on the southwestern Bushehr province on Thursday, an Iranian provincial official said.
Iran’s Islamic Revolutionary Guard Corps says it struck U.S. military bases in Bahrain and Kuwait in response to fresh American strikes, in a statement carried by state television IRIB.
U.S. President Donald Trump said that he does not know whether Washington and Iran are returning to a full-fledged war, but told reporters that Iran "badly" wants to make a deal to cease escalating hostilities in the Middle East.
