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Iran Will 'Immediately' Return To MoU Deal If US Does, Pezeshkian Says, After Two Supertankers Struck In Hormuz
Iran Will 'Immediately' Return To MoU Deal If US Does, Pezeshkian Says, After Two Supertankers Struck In Hormuz
Summary
Iran offers conditional ceasefire: Pezeshkian says Iran will return to talks if the US honors prior commitments, which Tehran says it has violated.
US threatens further strikes: Trump warned of more action but ruled out necessarily returning to full-scale war.
Tankers hit in Strait of Hormuz: Two supertankers struck exiting Hormuz, escalating energy-market risks.
Oil prices surge: Brent crude rose above $92/barrel.
Diesel supply squeezed: Refinery disruptions are driving diesel prices and margins sharply higher.
Strait of Hormuz traffic returns to normal by...
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The US Treasury Department on Tuesday revoked Iran’s oil sanctions waivers granted under the US-Iran Memorandum of Understanding (MoU), as implementation of the agreement continues to falter. The move comes after at least three tankers were hit by drones in the Strait of Hormuz, and while Iran hasn’t taken credit for the attacks, they came […]
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