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 plans to meet with representatives from Britain, France, and Germany in Rome on Friday, ahead of a new round of nuclear talks with the United States scheduled for Saturday, according to Iranian Foreign Minister Abbas Araqchi.
This move follows Iran’s proposal to re-engage with the E3 nations, signatories of the 2015 nuclear agreement which began to fall apart after the U.S. withdrew from the deal in 2018 under then-President Donald Trump.
Although initially hesitant, the European countries have agreed to attend the talks in order to maintain communication with Tehran and clarify their expectations for any potential future agreement. Their political directors met with U.S. officials in Berlin on Wednesday to coordinate ahead of the Rome discussions.
Araqchi criticized the E3 for what he called "misguided policies" but stated Iran’s willingness to engage. The meeting also comes as Iran evaluates the possibility of the "snapback mechanism" being triggered in October, which could lead to the reinstatement of UN sanctions as the original nuclear deal nears expiration.
Tensions between Iran and the E3 have risen over the past year, fueled by European criticism of Iran’s missile program, its imprisonment of foreign nationals, and support for Russia’s war in Ukraine. French Foreign Minister Jean-Noel Barrot warned that France would support reimposing sanctions if current talks fail, claiming Iran is close to secretly developing nuclear weapons, a charge Iran denies.
In response, Iran’s UN representative condemned Barrot’s remarks as baseless and accused France of using coercive political and economic tactics. Iran insists its nuclear activities are strictly for civilian energy.
Meanwhile, the U.S. Treasury has issued new sanctions on a network allegedly involved in sourcing missile materials for Iran’s Revolutionary Guard. Araqchi called the move counterproductive amid ongoing negotiations.
Despite the friction, Iran continues to pursue talks, including recent ones with Russia and China, and aims to keep dialogue open with all involved parties as it prepares for renewed engagement with the U.S.
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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