U.S. Temporarily Lifts Oil Sanctions Against Iran, Citing ‘Productive’ Talks
President Trump and Vice President JD Vance pointed to progress on Iran’s nuclear program, but officials in Tehran said “no new commitments” had been made.
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US Treasury eases santions, issues 60-day license for Iranian oil amid progress in peace talks
Washington, DC [US], June 22 (ANI): In a major shift in Middle Eastern energy and security dynamics, the US Department of the Treasury on Monday issued a temporary 60-day general license authorising transactions related to the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products.
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Oil prices fall as markets respond to progress in US-Iran talks
Oil prices fall as markets respond to progress in US-Iran talks Oil prices declined on Tuesday as financial markets reacted to signs of progress in negotiations between Washington and Tehran aimed at ending the US-Israeli war on Iran. Brent crude fell 2. 8 percent to $78.
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Barbecues needn’t cost you a sausage | Brief letters
Simplicity over luxury | Sanctions on Iran | Strait answers | Charabanc comedy | Short yet Wapping A barbecue for £4,500 ( The rise of the luxury barbecue: the UK’s new outdoor cooking obsession, 19 June )? For years I have barbecued for family and friends using an upturned metal milk crate, a paving stone on top, four bricks and an old grill rack, with only the charcoal costing anything – and not a burnt sausage in sight. Maintenance free, it all stacks neatly behind the shed waiting for the next heatwave.
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Kotak institutional equities lowers crude forecast: Brent expected to average USD 85/bbl
New Delhi [India], June 22 (ANI): Citing a shift in market fundamentals and the potential for a cooling of geopolitical tensions, Kotak Institutional Equities has revised its crude oil price outlook. The brokerage has lowered its Brent crude assumption to USD 85 per barrel for the current quarter, down from its previous estimate of USD 95 per barrel.
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US lifts sanctions on Iranian oil
The 60-day waiver allows the production and sale of the Islamic Republics crude oil and petrochemicals, according to the US Treasury The US has issued a temporary sanctions waiver for Iran's oil sector, allowing limited production and sales of crude oil and petrochemicals, the Treasury Department has said.
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U.S. Temporarily Lifts Sanctions on Iranian Oil
In a sharp reversal of American policy, the Treasury announced a 60-day reprieve, permitting the sale of Iranian crude as part of the preliminary U. S. -Iran deal toward ending the war.
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U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf
U. S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
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US suspending sanctions on Iranian oil until 21 August
US suspending sanctions on Iranian oil until 21 August The US government has said it is suspending sanctions on Iran until 21 August. The Treasury said in a statement that it was waiving all existing US sanctions on "the Production, Delivery and Sale of Crude Oil, Petrochemical Products, and Petroleum Products of Iranian-Origin through August 21, 2026. " The waiver will also allow the US to import "petrochemical and petroleum products of Iranian origin" for domestic use.
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Cyber campaign posing as Iran International staff continues
A cyber campaign using fake accounts impersonating Iran International journalists and staff continues to target media figures and analysts, according to the broadcaster, which warned earlier this month that the operation was aimed at stealing information and compromising devices.
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Iran’s Top Banker Details Switzerland Talks Results on Asset Release, Oil Sanctions
TEHRAN (Tasnim) – The governor of the Central Bank of Iran announced progress in negotiations held in Switzerland regarding the release of blocked Iranian assets and arrangements related to oil sanctions, saying the outcomes moved forward in line with the objectives set by the Iranian delegation.
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US Approves 60-Day Waiver For Iranian Oil Sales
New posts 16:19 US Approves 60-Day Waiver For Iranian Oil Sales As Peace Talks Progress The United States has allowed Iran to produce, deliver, and sell its oil on international markets as part of a framework agreement for peace talks reached between the two countries last week.
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Iran crude prices slashed as more shipments leave Hormuz – Bloomberg
Sellers of Iranian crude to China have cut prices after Iran began shipping millions of barrels out of Hormuz following an interim peace deal with the United States, Bloomberg reported on Monday.
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BMW faces pressure after third profit warning in 3 years
BERLIN, Germany: BMW and employee representatives are preparing for discussions on the company's plans after the German automaker issued a profit warning and announced measures to accelerate efficiency improvements. The talks come as BMW grapples with weakening demand in China and higher costs linked to the war in Iran, pressures that have contributed to the company's third profit warning in as many years.
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Some of Iran’s Frozen Assets Released: FM
TEHRAN (Tasnim) – Iran’s Foreign Minister Abbas Araqchi hailed Pakistan and Qatar’s tireless mediation efforts, noting that major progress has been made toward ending the war on Iran and that some of the country’s frozen assets have been released.
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Malaysian airline reduces fares after drop in jet fuel prices
Malaysian airline reduces fares after drop in jet fuel prices AirAsia X Chief Executive Officer Benyamin Ismail, said the Malaysian budget carrier has reduced fares by 5 percent since 15 June and plans to continue adjusting ticket prices as jet fuel costs decline. Lingam said the US-Iran memorandum of understanding had brought welcome relief to the aviation sector, with fuel prices falling significantly from the highs reached during the conflict. "The industry has been really affected by the rise in fuel prices.
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Malaysia to lower diesel prices amid confidence in diplomacy
Malaysia to lower diesel prices amid confidence in diplomacy Malaysian Prime Minister Anwar Ibrahim has linked a planned reduction in subsidised diesel prices to growing confidence that negotiations aimed at ending the Iran war could ease tensions in the Middle East and stabilise energy markets. According to Malaysia's Star newspaper, Anwar said his government had decided to lower, rather than increase, subsidised diesel prices from next month despite global uncertainty. He said Pakistani Prime Minister Shehbaz Sharif, who has played a key role in coordinating negotiations between the United States and Iran, had expressed confidence that the crisis in the Middle East could be eased.
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Tehran says talks advance on sanctions and frozen assets
Tehran says talks advance on sanctions and frozen assets Iran said "good progress" was made during the first day of talks with the United States on issues including the release of Iranian assets and relief from oil-related sanctions. Foreign ministry spokesman Esmaeil Baghaei said the Iranian delegation stressed that the conflict must end on all fronts, including Lebanon, while discussions also addressed "the issuance of necessary licenses for oil sales and the release of Iranian assets". Baghaei said discussions were held on the safe passage of ships through the Strait of Hormuz and “a mechanism was set up, which is important”.
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Oil prices rise amid uncertainty over US-Iran talks
Oil prices rise amid uncertainty over US-Iran talks Oil prices rose on Sunday as traders assessed the implications of ongoing US-Iran negotiations and the durability of the ceasefire between the two countries. According to Reuters, Brent crude futures climbed by $1. 09, or 1.
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Oil Rises Amid Uncertainty Over Strait of Hormuz
Modest reactions in the oil and financial markets as Iran and the U. S. met in Switzerland for a first round of talks aimed at making a temporary cease-fire permanent.
