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...
Senior diplomats from Iran, Russia and China convened in Tehran to coordinate their positions on Iran’s nuclear programme and Western sanctions ahead of upcoming negotiations in Istanbul.
According to Iran’s official news agency IRNA, the meeting focused on the current state of nuclear negotiations involving Iran, the United States and European powers. The delegations agreed to hold follow-up consultations in the coming weeks.
Meanwhile, Iranian state television announced that nuclear talks with the United Kingdom, France and Germany would resume this Friday in Istanbul, at the request of the European signatories to the 2015 nuclear agreement.
The Joint Comprehensive Plan of Action (JCPOA), signed in 2015, was agreed between Iran and the five permanent members of the United Nations Security Council – the United States, United Kingdom, France, China and Russia – plus Germany. However, on 8 May 2018, the United States unilaterally withdrew from the deal and reimposed sweeping economic sanctions on Iran.
Tensions escalated recently when Israel launched a 12-day military campaign against Iran on 13 June, involving reciprocal strikes and resulting in hundreds of casualties. A ceasefire was brokered by Washington and announced on 24 June, with both sides claiming victory.
Prior to the Israeli offensive, Tehran and Washington had held multiple rounds of indirect negotiations regarding Iran’s nuclear programme.
Iran has always denied haveing a nuclear weapons programme.
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.
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.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 25th of August, covering the latest developments.
The United States has formally removed Syria from its list of state sponsors of terrorism, ending a designation that had been in place for nearly five decades and marking a major step in Washington's efforts to rebuild relations with the country's new leadership.
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