live U.S., Iran reach preliminary peace deal, Friday signing expected
U.S. and Iranian officials said they had agreed on a framework to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz, a pre...
In a significant escalation of its "maximum pressure" campaign against Iran, the Trump administration is reportedly mulling a plan to stop and inspect Iranian oil tankers at sea.
Sources familiar with the matter told Reuters that the initiative would use an international accord aimed at preventing the spread of weapons of mass destruction to justify the inspections.
According to the report, the proposed measure would have allied countries intercept ships at key chokepoints—such as the Malacca Strait and other strategic sea lanes—to delay deliveries of Iranian crude. Officials expect that such delays would create a chilling effect on the illicit trade networks that Iran relies on for revenue, without the need to resort to more drastic measures like sinking vessels or arresting crews.
The plan comes as President Donald Trump has vowed to drive Iran's oil exports to zero in a bid to prevent Tehran from obtaining nuclear weapons. Trump’s administration had already imposed two waves of fresh sanctions during the early weeks of his second term, targeting companies and the so-called shadow fleet of aging oil tankers that transport crude from sanctioned countries without Western insurance.
Officials are now exploring whether these at-sea inspections can be conducted under the auspices of the Proliferation Security Initiative (PSI), a mechanism launched in 2003 to disrupt the trafficking of weapons of mass destruction. “It would be fully justified to use the PSI to slow down Iran’s oil exports,” said John Bolton, the former U.S. lead negotiator for the initiative. Bolton added that cutting off Iran’s oil revenue is critical to limiting its ability to finance both proliferation activities and support for terrorism.
The proposed move could potentially reduce Iranian oil exports by roughly 750,000 barrels per day in the short term, according to energy analysts. However, some experts caution that prolonged sanctions may eventually lose their effectiveness as Tehran and its trading partners adapt to new methods of circumventing restrictions. Moreover, a resumption of oil exports from Iraq's semi-autonomous Kurdistan region could help offset any reductions in Iranian supply.
Previous U.S. efforts under the Biden administration to interdict Iranian oil shipments met with mixed results. Earlier attempts led to retaliatory actions by Iran, including the seizure of foreign ships, one of which was chartered by Chevron Corp. These incidents have underscored the delicate balance in enforcing sanctions without provoking further escalation.
The National Security Council is reportedly reviewing the possibility of coordinated inspections at sea, but it remains unclear whether Washington has reached out to any of the over 100 PSI signatories to gauge their willingness to cooperate.
As the Trump administration intensifies its campaign to isolate Iran from the global economy, the proposed plan to disrupt Iranian oil shipments at sea represents its latest effort to leverage international security mechanisms in pursuit of its strategic goals.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
U.S. and Iranian officials said they had agreed on a framework to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Iran's nuclear program to further negotiations.
Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
At the start of 2026, something unusual happened in China's car market. BYD, the company that had spent years at the top of the domestic sales charts, was knocked off its perch by a rival.
Apple has unveiled a long-awaited upgrade to Siri, aiming to close the gap with technology rivals and emerging artificial intelligence firms in an increasingly competitive market.
ChatGPT maker OpenAI has confidentially filed for a U.S. initial public offering (IPO), the company said on Monday, joining rival Anthropic in a race to the stock market as investors seek exposure to the artificial intelligence boom.
Chinese carmakers are rapidly reshaping the global automotive market, with record exports, soaring electric vehicle sales and growing investments overseas putting pressure on established European, Japanese and U.S. rivals.
The International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-based work, covering services such as ride-hailing, food delivery and other app-based work.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment