Brent crude fell 4.33% to $73.74 per barrel as the Iran nuclear deal eases Middle East tensions and geopolitical risk premiums.
Browsing: Iran
Egypt faces Iran in late-night Group G action on June 26. Watch live stream and TV coverage.
US and Iran agree on 60-day roadmap for final nuclear deal after Switzerland summit.
Iran-US nuclear negotiations begin.
Belgium take on Iran at SoFi Stadium on Sunday in World Cup Group G, with both sides drawing their openers and needing a win to take control of the group.
Iran declared the Strait of Hormuz closed Saturday, citing Israeli strikes in Lebanon as violations of the recent US-Iran peace agreement, but the US disputed the claim.
Shipping lanes through the Strait of Hormuz have reopened after the US-Iran peace deal, with the first tankers transiting the waterway without incident.
Iran suspended its delegation and Vance cancelled his Geneva trip, stalling the start of formal US-Iran nuclear and sanctions negotiations.
The United States and Iran will sign a formal peace agreement in Geneva on June 19, 2026, ending nearly four months of military conflict, with the Strait of Hormuz reopening to all shipping under the deal’s terms.
Pakistan confirmed that the text of the Iran-US peace memorandum has been agreed, cementing Islamabad’s role as the pivotal mediator in a conflict that has reshaped the Middle East.
Mojtaba Khamenei, who became Iran’s supreme leader just three months ago after his father was killed in US airstrikes, now faces the defining decision of signing a peace deal with Washington.
India is cautiously supporting the Iran-US peace process while maintaining a formal diplomatic complaint over the deaths of Indian sailors killed in US airstrikes on tankers near the Strait of Hormuz.
Bitcoin held near $61,000 on Sunday ahead of two market-moving events: the Federal Reserve’s June 17 rate decision and the imminent signing of the Iran-US Islamabad Declaration.
Britain and France have contacted more than 35 nations to form a naval coalition ready to demine the Strait of Hormuz the moment a US-Iran ceasefire takes effect.
G7 leaders begin gathering in Evian, France for a three-day summit dominated by the Iran peace deal, Ukraine war, and simmering trade tensions with the US.
Iran announced the state funeral for Supreme Leader Ali Khamenei will begin July 4 in Tehran and conclude with burial in Mashhad on July 9, four months after he was killed.
The US and Iran are close to signing the Islamabad Declaration in Geneva, a framework deal brokered by Pakistan that would end the war and reopen the Strait of Hormuz.
The draft Islamabad Declaration leaves Iran’s 440 kilograms of enriched uranium untouched at signing, deferring all nuclear questions to sixty days of follow-on talks.
Oil prices fell more than three percent on Friday as growing confidence in an imminent Iran-US peace deal raised expectations that the Strait of Hormuz will reopen soon.
Pakistan confirmed that Washington and Tehran agreed on deal language, with VP Vance expected to sign in Geneva.
Energy analysts warned Thursday that oil could reach $150 a barrel within weeks if the US-Iran war continues, as Brent crude has already hit $94 following Iran’s Strait of Hormuz restrictions.
India summoned the American ambassador Thursday and demanded a full explanation after three Indian sailors were killed in a US tanker strike near the Strait of Hormuz, the most significant diplomatic friction between the two countries over the Iran war.