U.S. President Donald Trump said his team held a three-hour meeting with an Iranian delegation in New York that he described as “very good” and “productive”, with another round of talks scheduled soon.
Iran has restored about 50 per cent of damaged production capacity at the South Pars gas field, Deputy Oil Minister Ahmad Zeraatkar was reported as saying on Wednesday by the semi-official Fars news agency, adding that all planned restoration work would be completed before winter.
Zeraatkar said in late August that about 40 per cent of the damaged capacity had been returned to production.
Iran conveyed conditions to the United States through a Qatari mediator in New York, Iranian Foreign Ministry Spokesperson Esmail Baghaei said. The conditions included an end to the war on all fronts and a halt to what Tehran called U.S. “acts of aggression”.
Baghaei said Iran's conditions also included an end to the naval blockade and economic warfare, and the release of Iranian assets, IRNA reported.
Saudi Arabia has restarted operations at its East-West Pipeline and could resume exports from the Red Sea port of Yanbu later on Tuesday, three sources briefed on the matter said.
The resumption of supplies on Tuesday helped to drive selling on global oil markets. Global oil benchmark Brent crude fell by more than $2 a barrel towards $97, its lowest since 8 September.
Drone attacks, which Saudi Arabia has blamed on Iraqi militia, forced the kingdom to shut the pipeline on 11 September, halting crude loadings at the kingdom's Yanbu port.
Three commodity vessels transited the Strait of Hormuz on Tuesday, down from four a day earlier and below the 10-day moving average of about 15, preliminary shipping data showed on Wednesday.
The figures could change as some ships typically switch off their transponders during the voyage.
U.S. President Donald Trump said another meeting was scheduled in the near future, without giving further details.
U.S. envoy Steve Witkoff said the two sides held lengthy talks through mediators on the sidelines of the UN General Assembly.
Iranian Foreign Minister Abbas Araghchi reportedly led the Iranian delegation, with Pakistan and Qatar mediating the discussions.
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