A temporary U.S. sanctions waiver allowing the sale and delivery of Russian seaborne crude oil expired for the third time on Wednesday, following comments made by U.S. President Donald Trump earlier this week that his administration is unlikely to renew it.
The threat to ships transiting the Strait of Hormuz has lessened following the announcement of the Iran deal, a naval coalition led by the United States told shippers in a notice this week.
Israeli air strikes have continued to target towns in southern Lebanon despite an agreement between the United States and Iran set to be formally signed on Friday to end the war on all fronts.
Russian Foreign Minister Sergey Lavrov spoke to his Iranian counterpart Abbas Araghchi on Wednesday about the US-Iran deal, and said Moscow was ready to help.
A memorandum of understanding between the United States and Iran has opened a new political fight before the public has seen the full text of the agreement.
Global oil supply and demand will both contract sharply this year as the fallout from the Iran war ripples across products and regions, with only a gradual recovery in Gulf exports and output ahead, the International Energy Agency said on Wednesday.
Wary of Israel's spies and advanced eavesdropping technology, mediators working on the US-Iran deal due to be signed on Friday resorted to maximum secrecy and misinformation to prevent them from gauging the progress or direction of the process in case of sabotage.
US futures are attempting to bounce back from yesterday’s losses on Wall Street led by Tech. As of 8:00am ET, Nasdaq 100 futures lead the charge, with gains of 0.5% versus 0.1% for the S&P 500 future, although both are off session highs. SpaceX’s post-IPO surge continues, with shares adding another 3% in the pre-mar…
A senior Israeli official has questioned whether Israel would have launched its operation against Iran had it known the political consequences in advance amid growing public anger.
Marchers with the Greater Seattle Business Association, Washington State’s LGBTQ+ and allied chamber of commerce, hold rainbow letters spelling out “Seattle,” during the annual Seattle Pride Parade, June 25, 2023, in Seattle. (AP Photo/Lindsey Wasson, File)
With US and Iranian officials preparing to formally sign a memorandum of understanding in Switzerland on Friday, the conflict is entering the much-needed diplomatic phase to avert a potentially disastrous energy cliff. The MoU would open a 60-day negotiating window aimed at ending the war, restoring maritime traffic…
Shares in BMW tumbled to their lowest level in over 5 years on Wednesday after the German carmaker cut its 2026 profit outlook, citing a slowdown in Chinese demand and disruption caused by the Iran war.
Iranian football players have voiced frustration over recurring World Cup hurdles against their participation in the tournament, pointing to politically driven decisions by US authorities as the source of restrictions.
By Fyodor Lukyanov, the editor-in-chief of Russia in Global Affairs, chairman of the Presidium of the Council on Foreign and Defense Policy, and research director of the Valdai International Discussion Club.
By Fyodor Lukyanov, the editor-in-chief of Russia in Global Affairs, chairman of the Presidium of the Council on Foreign and Defense Policy, and research director of the Valdai International Discussion Club.
Meanwhile, back to G7, the White House has published a video of the moment Trump arrived in the room for this morning’s session – and told other leaders “I am the boss.”
Una mujer ondea una bandera iraní durante una marcha progobierno, donde se ve la imagen del fallecido líder supremo iraní Alí Jamenei, asesinado en ataques de EEUU e Israel el 28 de febrero, en el centro de Teherán, Irán, el lunes 15 de junio de 2026. (AP Foto/Vahid Salemi)
A woman waves an Iranian flag during a pro-government campaign as a portrait of the slain Supreme Leader Ayatollah Ali Khamenei, who was killed in U.S. and Israeli strikes on Feb. 28, is displayed at right, in downtown Tehran, Iran, Monday, June 15, 2026. (AP Photo/Vahid Salemi)
Leaders of the G7 countries demanded a ceasefire in Lebanon on Wednesday and said they will diversify energy supply routes to reduce dependence on the Strait of Hormuz in response to the war in Iran, as they welcomed an interim deal to end the conflict.
The US-Iran agreement can bring peace to the region with a strong diplomatic follow-up, G7 leaders said in a joint statement, in a rare moment of unity amid fraught international relations.
Several tankers carrying Iranian oil have crossed the United States blockade line in the Strait of Hormuz, according to a tracking website, two days before Washington and Tehran are to launch more talks after reaching a framework agreement to end their war.
Leaders of the G7 have pledged at a summit in France to strengthen Ukraine’s air defences and increase pressure on Moscow’s war economy, including by tightening sanctions on the Russian oil and gas sectors.
Etihad Airways and Emirates airline are planning to offer insurance for international passengers to reassure travellers flying into the UAE following the Iran war.
The oil supply shock caused by the Iran war has eroded global demand for crude — but a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year, the International Energy Agency said on Wednesday.
Qatar will host indirect preparatory meetings between the United States and Iran this week in its capital, Doha, Agence France-Presse reported on Monday.
Yashar Party leader Gadi Eisenkot continues to trend upward in the polls following Sunday's announcement of the US-Iran Memorandum of Understanding (MoU), while Prime Minister Benjamin Netanyahu and former PM Naftali Bennett lose ground, a poll conducted by Israeli public broadcaster KAN News found on Tuesday.
The memorandum that the US and Iran are set to sign in Geneva on Friday to reopen the Strait of Hormuz is likely to keep the sanctions architecture governing Iranian and Russian crude alive in a different form, run through temporary waivers that Washington can extend, shorten, or revoke at will.
Three months ago Iran launched two intercontinental ballistic missiles toward the U.K.-controlled island of Diego Garcia in the Indian Ocean. Neither reached its target: A U.S. destroyer shot down one and the other broke up in flight. Yet the strike blew an enormous hole in the credibility of Prime Minister Keir Sta…
El presidente de Estados Unidos, Donald Trump, y otros líderes posan para una foto en la cumbre del G7, el 16 de junio de 2026, en Evian-les-Bains, Francia. (AP Foto/Julia Demaree Nikhinson)
In today's episode of Trending Middle East, we look at the details of the proposed US-Iran agreement, with reports suggesting Tehran could receive sweeping economic incentives, including access to oil markets, sanctions relief and a $300 billion development fund in exchange for commitments on its nuclear programme.
Details of a landmark deal expected to be signed by the US and Iran on Friday are emerging, revealing a framework that would rapidly unlock Iranian oil exports, channel funds into its economy and begin a phased rollback of sanctions in exchange for nuclear curbs.
Details of a landmark deal expected to be signed by the US and Iran on Friday are emerging, revealing a framework that would rapidly unlock Iranian oil exports, channel funds into its economy and begin a phased rollback of sanctions in exchange for nuclear curbs.
Chinese foreign minister Wang Yi has called for a firm commitment to the ceasefire between the United States and Iran, urging all parties to work towards building a "sustainable security architecture in the region", according to the state-run Xinhua news agency.