live Trump says U.S.-Iran deal 'very possible' after latest talks - Middle East conflict on 7 May
Trump said the U.S. and Iran were making progress in peace talks, though direct negotiations remain premature. Meanwhile, Israel, reportedly, ...
Tehran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2025) that will be held from May 8 to 11 is set to become the largest energy trade event in West Asia, - said Iran’s Deputy Oil Minister for International Affairs and Trade.
Seyed Ali Mohammad Mousavi highlighted the importance of energy diplomacy and said that the upcoming event would be a a platform for discussing the future of the global energy landscape.
“This exhibition has served as a cornerstone of energy diplomacy for nearly three decades, fostering practical collaborations and political dialogue,” Mousavi noted. “As a leading country in oil and gas reserves, Iran is ready to attract foreign investment and modernize its energy infrastructure.”
A series of specialized sessions are scheduled during the exhibition, emphasizing their key role in outlining investment opportunities and fostering technical collaboration.
In particular, the National Iranian Oil Company (NIOC) will host the conference on Investment Transformation and Project Financing, which he described as a unique platform for forming joint ventures and technical partnerships.
He stated that Iran aims to establish a transparent and stable environment for international investors, enabling the implementation of key projects—such as the development of oil and gas fields—through modern financial mechanisms, including the Iran Petroleum Contracts (IPC) framework.
Mousavi noted that Iran is positioning itself as a reliable global partner by expanding into emerging energy sectors such as petrochemicals, renewables, and hydrogen technologies.
Reiterating the link between diplomacy and energy policy, he concluded, “This exhibition provides a platform for building mutual understanding and long-term cooperation that meets both economic and environmental goals.”
U.S. President Donald Trump said that Iran wanted to negotiate and make a deal in comments to reporters on Wednesday (6 May). But earlier, he warned Washington would ramp up attacks if no agreement was reached.
Argentinian authorities are reconstructing the journeys of Dutch citizens who presented with symptoms of deadly hantavirus after visiting Argentina and Chile as part of a luxury cruise trip, the country's Health Ministry said in a statement on Wednesday (6 May)
The United Arab Emirate said it was dealing with missile and drone attacks from Iran for the second day in a row on Tuesday (5 May), despite denials from authorities in Tehran who threatened a "crushing response" if the UAE retaliated.
The 61st Venice Biennale has opened under grey skies and political tension, with disputes over Russia and Israel, resignations on the jury, and protests marking the start of one of the art world’s most high-profile events.
Trump said the U.S. and Iran were making progress in peace talks, though direct negotiations remain premature. Meanwhile, Israel, reportedly, struck senior Hezbollah and Hamas figures and tensions over Hormuz and Tehran’s nuclear programme continue.
Stocks around the world climbed to fresh record highs on Wednesday (6 May), while oil prices fell sharply, after reports suggested the United States and Iran were nearing an agreement to end conflict.
U.S. President Donald Trump has said he will raise tariffs on cars and trucks imported from the European Union to 25% next week, up from the 15% level agreed last year, accusing the bloc of failing to comply with its trade commitments.
The decision by the United Arab Emirates to leave OPEC+ on 1 May has put renewed focus on one of the most influential groups in global energy - and how its decisions can shape oil prices worldwide.
The United Arab Emirates has said it's quitting OPEC from 1 May, dealing a major blow to the oil producers’ group and its de facto leader, Saudi Arabia, amid disruption caused by the Iran war.
As the Iran war disrupts global flows of oil and gas and energy prices skyrocket, the Drin River, which descends through the mountains of northern Albania, is acting as a kind of shield.
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