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 is seeking a "peaceful" nuclear agreement with the United States to resolve a longstanding dispute but will not compromise on its national security, Deputy Foreign Minister Saeed Khatibzadeh said on Tuesday.
The United States, along with its European allies and Israel, accuses Tehran of using its nuclear programme as a cover to develop weapons capabilities. Iran insists that its nuclear programme is solely for peaceful purposes.
In October, President Donald Trump stated that the United States was ready to negotiate with Iran when Tehran was prepared, adding, "The hand of friendship and cooperation (with Iran) is open."
Washington accused of sending contradictory messages
Speaking at the 12th Abu Dhabi Strategic Debate, Khatibzadeh claimed that Washington was sending contradictory signals to Tehran regarding nuclear talks, often through third-party countries.
The two nations held five rounds of nuclear talks before a 12-day conflict between Iran and Israel in June, during which the United States joined the conflict by targeting key Iranian nuclear sites.
Reiterating Tehran's stance, Khatibzadeh accused Washington of "betraying diplomacy," noting that nuclear negotiations have stalled since the June war.
Significant differences remain between the two countries, particularly regarding uranium enrichment on Iranian soil. The United States insists on reducing it to zero to minimise the risk of weaponisation, a plan Tehran has rejected.
Supreme leader ruled out negotiations
Last week, Iran’s Supreme Leader Ayatollah Ali Khamenei, who has the final say on crucial state matters such as foreign policy and Iran’s nuclear programme, ruled out negotiations with the United States under coercion.
"Tehran is not seeking nuclear weapons and is prepared to provide assurances to the world regarding this. We are very proud of our indigenous nuclear programme," Khatibzadeh said.
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.
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.
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.
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.
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.
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.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
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.
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