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...
U.S. President Donald Trump said on Thursday (29 January) he planned to speak with Iran, as the United States dispatched another warship to the Middle East and said the military was ready to act.
Speaking to reporters, Trump did not elaborate on the nature or timing of any dialogue or say who from Washington would lead the negotiations.
"I am planning on it, yeah," Trump said when asked about possible discussions with Tehran.
"We have a lot of very big, very powerful ships sailing to Iran right now, and it would be great if we didn’t have to use them."
U.S. officials say Trump is reviewing his options but has not decided whether to strike Iran. U.S.-Iranian tensions have soared in recent weeks after a deadly crackdown on protests across Iran by its clerical authorities.
Trump has repeatedly threatened to intervene if Iran continued to kill protesters, but the countrywide demonstrations over economic privations and political repression have since abated.
He has said the United States would act if Tehran resumed its nuclear programme after air strikes in June last year by Israeli and U.S. forces on key nuclear installations.
With a large U.S. military force gathered in the region, Hegseth was asked earlier in the day by Trump at a cabinet meeting to comment on the situation in Iran.
"They should not pursue nuclear capabilities. We will be prepared to deliver whatever this president expects of the War Department," Hegseth said, referring to the Trump administration's unofficial renaming of the Defense Department.
Meanwhile, two days ago, Iran's Foreign Minister Abbas Araqchi said he had not been in contact with U.S. special envoy Steve Witkoff in recent days or requesting negotiations, state media reported on Wednesday (28 January).
The comment came after President Trump had said on Tuesday another "armada" is floating toward Iran and that he hopes Tehran would make a deal with Washington.
"There was no contact between me and Witkoff in recent days and no request for negotiations was made from us," Araqchi told state media, adding that various intermediaries were "holding consultations" and were in contact with Tehran.
"Our stance is clear, negotiations don't go along with threats and talks can only take place when there are no longer menaces and excessive demands."
Iran's President Masoud Pezeshkian told Saudi Arabia's Crown Prince Mohammed bin Salman on Tuesday that Tehran welcomes any process, within the framework of international law, that prevents war.
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.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
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.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
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.
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.
Syrian and Israeli officials held U.S.-brokered talks in Jordan on Sunday to ease tensions after an Israeli strike on a Syrian airbase near Türkiye last week.
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