Licenses allowing Russia and Iran to sell oil under US waivers are set to expire soon. While these waivers helped ease global energy shortages, they have also led to increased revenue for both regimes and sustained upward price pressure. Experts suggest reintroducing Russian oil price caps and Iran's escrow account to limit windfall profits and stabilize oil prices.
Turkish President Erdogan urged the implementation of the Iran-US ceasefire accord during a call with US President Trump. The UK Prime Minister noted that significant work remains to reopen the Strait of Hormuz. Large-scale anti-war protests demanding an end to the Iran conflict took place in Japan.
US Vice President JD Vance warned that a lasting end to the Middle East conflict hinges on Iran's willingness to negotiate in good faith. He stated that while President Trump sought a deal in good faith, Washington is prepared to use its military and especially 'economic leverage' if Tehran deceives. This underscores the critical importance of trust and dialogue in US-Iran relations.
US President Donald Trump threatened immediate 50% tariffs on any nation supplying military weapons to Iran. This warning came shortly after a ceasefire agreement with Tehran, under which Iran agreed to reopen the Strait of Hormuz. The threat primarily targets Russia and China and could impact the upcoming US-China summit.
Iran has resumed closing the Strait of Hormuz, citing Israel's continued attacks on Lebanon despite the ceasefire agreement with President Trump. Iran warned it could withdraw from the truce if Israel does not halt its attacks against Hezbollah. Tehran is preparing retaliatory strikes against Israel and suggested it might intervene if the US fails to control regional actors.
Despite the conditional ceasefire announced by President Trump with Iran, tensions are reigniting as Israel continues its war with Hezbollah in Lebanon. Iran is considering suspending tanker traffic through the Strait of Hormuz and withdrawing from the deal due to Israeli actions. Markets reacted positively to the ceasefire news, though oil prices showed a downward trend amid new attacks and geopolitical uncertainty.
President Donald Trump announced a two-week 'double-sided ceasefire' with Iran, though regional attacks persist. This pause is conditioned on the complete and safe opening of the Strait of Hormuz. Trump stated that he accepted Iran's ten-point proposal as the basis for negotiations.
US President Trump stated that the US will work closely with Iran to discuss tariff and sanctions relief following a ceasefire announcement. He pulled back from threatening a full assault on Iran after setting a deadline for the Strait of Hormuz. However, main disagreements remain unresolved, and Trump warned a 50% tariff on any country supplying weapons to Iran.
President Trump stated that the US will discuss tariff and sanctions relief with Iran following a ceasefire brokered by Pakistan. He warned that countries supplying military weapons to Iran would face immediate 50% tariffs. Despite the ceasefire, major disagreements remain, with further negotiations scheduled.
US President Trump announced that Iran will cease uranium enrichment activities. He stated that the US and Iran will cooperate to remove deeply buried nuclear material following last year's US airstrike. Furthermore, he declared a temporary ceasefire in the war with the Islamic Republic.