Oil prices slide after US-Iran deal announced
Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump said.
Filter by source ▾
-
-
Four European Countries Hail Iran-US Deal, Offer to Lift Sanctions
TEHRAN (Tasnim) – Four major European powers welcomed a memorandum of understanding (MoU) announced by Tehran and Washington on Monday morning, saying they are ready to lift sanctions against Iran.
-
Oil prices tumble amid hopes strait of Hormuz will soon reopen
US-Iran peace deal sparks immediate drop for Brent crude but analysts warn complex negotiations lie ahead, potentially halting further significant drops Middle East crisis: live updates Peace deal between US and Iran announced, with strait of Hormuz expected to reopen What do we know about the US-Iran peace deal – and what questions remain? Global oil prices have tumbled amid fresh hopes that a US-Iran peace deal may end the greatest energy supply crisis in the history of the market. The price of Brent crude dropped below $84 a barrel as the new trading week began in financial centres across Asia-Pacific, amid optimism that the strait of Hormuz could reopen shortly and bring a return of Gulf oil exports to the market.
-
Hormuz Reopening Would Offer Relief for Asia, but Economic Scars Will Remain
For months, Asia has suffered a physical supply crunch that will likely drag on its economies long after the crucial waterway reopens.
-
US says no frozen funds will be released before Iran acts
US says no frozen funds will be released before Iran acts A senior US official said the emerging agreement with Tehran is based on a principle of “payment for performance” and mutual obligations, according to Axios. The official said Iran would not receive access to frozen assets or other benefits until it fulfilled its commitments under the agreement, underscoring the Trump administration’s position that any incentives would be tied to verified compliance. The Financial Times reported that US officials view the agreement as a pathway towards negotiations that could ultimately address and dismantle Iran’s nuclear programme.
-
US to release $12bn of Iran's frozen assets, state media reports
US to release $12bn of Iran's frozen assets, state media reports Iranian state-affiliated news agency Mehr News Agency reported that a proposed memorandum of understanding between the United States and Iran includes provisions for the release of frozen Iranian assets. According to the report, the document calls for the unfreezing of $24 billion in Iranian funds during a 60-day negotiation period that would begin after the memorandum takes effect. The report said half of that amount, or $12 billion, would be made available to Iran before the negotiations begin.
-
The UK, France, Germany and Italy say they are ready to lift Iran sanctions
The UK, France, Germany and Italy say they are ready to lift Iran sanctions The E4 powers – the United Kingdom, France, Germany and Italy – say they are prepared to lift sanctions on Iran if Tehran takes steps on its nuclear programme after the US-Iran deal to end the war. In a joint statement on Sunday, the four countries said they were ready to work with Washington, Tehran and the International Atomic Energy Agency. "Iran must never acquire a nuclear weapon.
-
Oil Prices Tumble After Trump Announces Deal With Iran
Oil prices fell and stocks gained on Sunday evening on the hope that a deal would allow more energy and other goods to flow through the Strait of Hormuz.
-
EU Moves to Cut Electricity Taxes in Bid to Ease Energy Bills
The European Union is preparing a reform of energy taxation and network fees that would place a lower tax burden on electricity compared to natural gas, according to a draft proposal reported by Reuters. The initiative is intended to ease pressure on household budgets, which have been strained by rising energy prices following turmoil in global markets linked to the Iran conflict and its impact on oil and gas supplies.
-
UAE denies reports of it releasing frozen funds to Iran: Report
UAE denies reports of it releasing frozen funds to Iran: Report The UAE on Saturday denied media reports that it agreed to release billions of dollars of frozen funds to Iran, according to CNBC. "The Ministry of Foreign Affairs affirmed that these allegations are entirely false and unfounded, stressing that no frozen Iranian funds have been released, transferred, or facilitated through the UAE," the government told CNBC.
-
Despite US Help, Little Oil Has Gone Through Strait of Hormuz
President Trump said more than 200 commercial vessels had safely traveled through the strait. That’s still far fewer than before the start of the war.
-
CNN: Iran has strengthened protections around enriched uranium stockpile
CNN: Iran has strengthened protections around enriched uranium stockpile Iran has significantly increased efforts in recent weeks to secure its stockpile of highly enriched uranium, according to a CNN report citing five sources familiar with US intelligence assessments. The report said Tehran has isolated parts of the stockpile and taken additional measures to restrict access to facilities where the material is believed to be stored. According to the report, Iran has filled in tunnels and rigged some entrances with explosive mines, making access to the uranium stockpile “much more difficult, dangerous, and time-consuming” than it was a month ago.
-
Tehran official says $24bn in Iranian funds to be unfrozen
Tehran official says $24bn in Iranian funds to be unfrozen A senior Iranian official has claimed that US President Donald Trump agreed to release $24 billion in frozen Iranian assets, despite publicly denying reports of such a move. According to Iran’s state-run Fars news agency, Mohsen Rezaei said Trump had privately accepted the release of the funds but had not openly acknowledged the decision. Rezaei's remarks come amid ongoing discussions over a possible agreement between Washington and Tehran.
-
UAE denies reports of USD 3 billion transfer to Iran, calls claims "false and unfounded"
Abu Dhabi [UAE], June 13 (ANI): The United Arab Emirates (UAE) Ministry of Foreign Affairs has categorically denied media reports claiming that USD 3 billion was transferred to Iran. The ministry said the allegations are 'entirely false and unfounded' and clarified that no frozen Iranian funds have been released, transferred, or routed through the UAE.
-
Trump open to easing sanctions on Iran, Israeli media reports
Trump open to easing sanctions on Iran, Israeli media reports A senior US official said President Donald Trump has directed that sanctions on Iran be eased if Tehran adheres to a future agreement, according to remarks reported by The Times of Israel. The official said Washington welcomed Iran’s reported commitment not to pursue a nuclear weapon but stressed that verification would be required before any deal could be fully implemented. Earlier, Iranian Foreign Minister Abbas Araghchi said a memorandum of understanding with the United States had not yet been signed.
-
UAE denies releasing or moving frozen Iranian funds
UAE denies releasing or moving frozen Iranian funds The United Arab Emirates has denied media reports that it transferred money to Iran, saying no frozen Iranian funds have been released, moved or routed through the country. In a statement, the UAE rejected reports of any financial transfer to Tehran and said no frozen Iranian assets had passed through its banking system.
-
UAE categorically denies media reports alleging transfer of funds to Iran
ABU DHABI, 13th June, 2026 (WAM) -- The United Arab Emirates has categorically denied reports published by certain international media outlets alleging the transfer of funds from the UAE to the Islamic Republic of Iran, including allegations concerning USD 3 billion.
-
UAE paid Iran billions of dollars to halt strikes: Report
UAE paid Iran billions of dollars to halt strikes: Report The UAE paid Iran billions of dollars in return for a halt to attacks on the country in an about-face for the Gulf state that staked out the most hawkish position on Iran , lobbying the US to continue waging war on the Islamic Republic, Reuters reported on Friday. The UAE has already delivered $3bn to Iran as part of the agreement, which two regional sources said reached as high as $10bn. Two other sources told Reuters that the UAE would eventually pay Iran $20bn.
-
UAE paid Iran billions of dollars to halt strikes: Report
UAE paid Iran billions of dollars to halt strikes: Report Submitted by MEE staff on Fri, 06/12/2026 - 21:05 IRGC officials stayed at the UAE national security advisor's guest house last week to cut a de-escalation deal (L to R): Dubai Emirate ruler and UAE Vice President Sheikh Mohamed bin Rashid al-Maktoum, Abu Dhabi Emirate ruler and UAE President Sheikh Mohamed bin Zayed al-Nahyan, and UAE Supreme Council Member and Sharjah Emirate ruler Sheikh Dr Sultan bin Mohamed al-Qasimi at Mushrif Palace in Abu Dhabi, on 27 May 2026 (UAE presidential court/AFP) Off The UAE paid Iran billions of dollars in return for a halt to attacks on the country in an about-face for the Gulf state that staked out the most hawkish position on Iran , lobbying the US to continue waging war on the Islamic Republic, Reuters reported on Friday. The UAE has already delivered $3bn to Iran as part of the agreement, which two regional sources said reached as high as $10bn. Two other sources told Reuters that the UAE would eventually pay Iran $20bn.
-
Iran says nuclear and sanctions issues remain undecided
Iran says nuclear and sanctions issues remain undecided Iranian Minister of Foreign Affairs Abbas Araghchi said the administration of the Strait of Hormuz would no longer operate as it did before the war, adding that the waterway falls “under the sovereignty of Iran and Oman”. He said vessels had passed through the strait freely for years, but that arrangement would now change, with Tehran set to charge for services. Araghchi also warned that talks on a final agreement would not move forward unless the terms set out in the MoU were implemented.
