live Oil prices fall as Iran vows retaliation over U.S. sanctions
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
Iran’s top security chief Ali Larijani, said Tehran was open to nuclear talks with the United States but rejected Washington’s insistence on restrictions of Tehran’s ballistic missile program, which he termed “unrealizable”.
“The path to negotiations with the United States is not closed. The Americans only talk about talks and do not come to the negotiating table and wrongly say that the Islamic Republic does not negotiate while we are seeking rational talks,” Secretary of Supreme National Security Council (SNSC) Larijani said in a post on X.
The remarks by the newly-appointed SNSC secretary were made after U.S. Secretary of State Marco Rubio said on Aug. 28 that Washington was seeking direct talks with Iran on ending its nuclear program and welcomed the move by France, Britain, and Germany (E3) to trigger the snapback mechanism to reimpose UN nuclear sanctions on Tehran.
Iran and the U.S. were engaged in mediated negotiations, which were disrupted last June by Israel’s airstrikes on Iran, followed by the US bombing of Iran’s civilian nuclear sites under the UN safeguards. After five rounds of indirect talks, they were going to discuss draft documents on enrichment by Iran.
Last month, Iran’s President Masoud Pezeshkian appointed the veteran politician Larijani as secretary of the influential security body in a development believed to further the president’s moderate foreign policy by the pragmatic conservative figure.
The 67-year-old politician is a senior adviser to Supreme Leader Ayatollah Ali Khamenei and was re-assigned at the helm of the SNSC, which oversees and shapes Iran’s foreign and security policy.
He first served as the SNSC secretary from August 2005 to October 2007 and was Iran’s chief nuclear negotiator with the European powers during his first term in the council.
His re-appointment at the crucial position in the country’s national security architecture -- following the two-time disqualification for running inthe presidential election -- came days after the SNSC approved setting up the National Defense Council.
In his recent post, while leaving the door open for future talks, Larijani also said that the U.S. demands to restrict Iran’s missile program are blocking a return to the stalled nuclear negotiations.
“By raising issues that they themselves know are unrealizable, such as missile restrictions, they are proposing a model that practically eliminates the path to negotiations,” said the moderate conservative.
Iran has rejected limits on its advanced ballistic missile program, which proved a vital deterrent and a crucial long-range strike capability against adversaries like Israel and the U.S. during the 12-day war last June.
The indigenous strategic asset, as Iranian officials have reiterated, has turned it to a non-negotiable advantage for Tehran.
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
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Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Parents in Gaza are being urged to stop their children flying kites after Israel threatened tougher military action over those drifting across the border.
Armenia is “free” to leave the Collective Security Treaty Organisation (CSTO), Kremlin Spokesperson Dmitry Peskov has said. He made the remarks after Armenian Prime Minister Nikol Pashinyan said he would be “very pleased” if the Russian-led military alliance expelled Armenia.
Armenia’s Anti-Corruption Committee has disclosed details of a criminal case involving former President Robert Kocharyan, saying he and five other people - including his son - have been detained as part of a corruption investigation.
Saudi Arabia and France have reaffirmed their support for Palestinian statehood and called for Israel to withdraw from all Lebanese territory, as the two countries sought closer coordination on some of the Middle East’s most pressing conflicts.
Armenia's efforts to move closer to the European Union have gained political momentum in Yerevan, but the country's potential membership bid is not currently part of the EU's immediate enlargement agenda, according to a senior European Council official.
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