Oil Prices Fall on News of Possible Iran Deal
S&P 500 futures were up slightly in what may be a sign that investors and analysts are waiting to see if a deal is finalized.
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Reopening of Strait of Hormuz Still a Question Mark
Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.
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GLOBSEC Forum 2026: UAE outlines its response to disruption of global trade routes, reaffirming its position as stable, resilient trade hub
PRAGUE, 25th May, 2026 (WAM) -- Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister for Foreign Trade, participated in 'The Ripple Effect: How the Iran War is Shaping Global Economies and Politics' panel at the GLOBSEC Forum 2026 in Prague, outlining the UAE's response to the disruption of global trade routes and reaffirming the country's position as a stable and resilient trade hub.
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US "not to rush into a deal" with Iran: Trump says blockade to remain in "full force" until agreement reached
Washington DC [US], May 24 (ANI): US President Donald Trump on Sunday said that Washington will not 'rush into a deal' with Iran to achieve a complete solution to the crisis in West Asia, asserting that the US 'blockade' on the ports of the Islamic Republic will remain in 'full force and effect' until a formal agreement is reached, certified, and signed between the two sides.
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"Purchase cheap oil, gas from Russia, Iran": Kejriwal expresses concern over fuel price hike
Vadodara (Gujarat) [India], May 24 (ANI): AAP national convenor Arvind Kejriwal on Sunday flagged long queues at petrol pumps in Gujarat and urged the Centre to purchase oil and gas from Russia and Iran at cheaper rates. Speaking to reporters in Vadodara, Kejriwal expressed concern over the hike in prices of petrol and diesel amid the West Asia crisis.
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Retail fuel price hike 'inevitable' if global oil pressures persist: Former BPCL Director HR
New Delhi [India], May 24 (ANI): A further hike in retail fuel prices may be unavoidable if current global energy disruptions continue, Raj Kumar Dubey, former Director HR at Bharat Petroleum Corporation Ltd (BPCL), said, outlining three options before policymakers as crude markets face sustained volatility. 'Now, there are two or three options open.
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No MoU Possible without Release of Iran’s Frozen Assets: Source
TEHRAN (Tasnim) – An informed source said that while the US has consistently obstructed the negotiations and changed its positions, Iran has emphasized that no understanding will be reached without the release of a specified portion of Iran’s frozen assets in the initial step.
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Waiver of Iran’s Oil Sanctions to Apply to Petrochemicals, Derivatives
TEHRAN (Tasnim) – A possible understanding between Iran and the US will reportedly allow Tehran to sell crude oil, petrochemicals and their derivatives during the negotiation period.
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Waiver of Iran Oil Sanctions during Negotiations Included in Possible Understanding
TEHRAN (Tasnim) – Reports on the details of a “possible” preliminary understanding between Iran and the US indicate that Washington will commit to a waiver of sanctions on Iranian oil during the negotiation period, allowing Tehran to sell oil without restrictions resulting from sanctions.
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Waiver of Oil Sanctions during Negotiations Included in Possible Iran-US MoU
TEHRAN (Tasnim) – Reports on the details of a “possible” preliminary understanding between Iran and the US indicate that Washington will commit to a waiver of sanctions on Iranian oil during the negotiation period, allowing Tehran to sell oil without restrictions resulting from sanctions.
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Iran’s digital market buckles after war disrupts imports
Iran’s digital hardware market has yet to recover from wartime disruption, with shortages, volatile prices and rising import costs pushing laptops, mobile phones and computer parts further beyond the reach of many consumers, an economic website reported on Saturday.
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Rubio meets PM Modi to push 'US energy products'
Washington is looking to "diversify India's energy supply" after triggering a global crisis with its attack on Iran US Secretary of State Marco Rubio has held talks with Indian Prime Minister Narendra Modi focused on expanding an energy "partnership" amid the global crisis caused by the US-Israeli w
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Rubio meets Modi to push 'US energy products'
Washington is looking to "diversify India's energy supply" after triggering a global crisis with its attack on Iran US Secretary of State Marco Rubio has held talks with Indian Prime Minister Narendra Modi focused on expanding an energy "partnership" amid the global crisis caused by the US-Israeli w
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In dialogue with PM Modi, Rubio highlights US energy as key to diversifying India's supply
New Delhi [India], May 23 (ANI): The United States will not permit Iran to hold the global energy market hostage, US Secretary of State Marco Rubio emphasised during a high-profile meeting with Prime Minister Narendra Modi in the national capital on Saturday.
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US Centcom says Iran blockade reaches ‘milestone’
US Centcom says Iran blockade reaches ‘milestone’ US Central Command (Centcom) released a report on Saturday which alleges that the US maritime blockade of Iran reached a “milestone of redirecting 100 commercial vessels” since it began on 13 April. https://t. co/zVoJIdxYxk — U.
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At least 25 ships have passed through Strait of Hormuz: IRGC Navy
Tehran [Iran], May 23 (ANI): At least 25 vessels successfully navigated through the strategic Strait of Hormuz over 24 hours, according to a statement from the Islamic Revolutionary Guard Corps (IRGC) Navy, as reported by Iran's semi-official Fars news agency. The passage of these maritime vessels occurred amid rigorous supervisory protocols maintained over the critical global energy channel.
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Reports of New Flight Restrictions in Iran Rejected
TEHRAN (Tasnim) – Iran’s Civil Aviation Organization denied reports claiming that new flight restrictions have been imposed on the country’s airspace, saying flight operations are continuing normally across the country.
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Economic Watch: Britain's retail sales suffer sharpest monthly fall in April over past year
Analysts called the April figures disappointing, saying that they highlighted the vulnerability of the market and pointed to a subdued outlook for the rest of 2026, with the economic fallout from the Middle East conflict expected to weigh further on consumer spending. LONDON, May 23 (Xinhua) -- Britain's retail sales fell 1.
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Iran Condemns Illegal US Sanctions against Cuba
TEHRAN (Tasnim) – The Iranian Foreign Ministry strongly condemned the US’ ongoing unlawful interference in Cuba’s internal affairs, including economic sanctions, political pressure, provocative actions, and military threats against the Caribbean nation.
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US Senator urges sanctions on entities paying Iran for passage via Strait of Hormuz
Washington DC [US], May 23 (ANI): US Senator Tom Cotton sent a letter to Treasury Secretary Scott Bessent encouraging the administration to use existing authorities to sanction any entity assisting Iran with what he said was 'illegally blocking the Strait of Hormuz, including the Persian Gulf Strait Authority (PGSA)'.
