TOI correspondent from Washington: “Iran never won a war, but never lost a negotiation,” U.S President Donald Trump said in January 2020 during his first term. It is a line that may be returning to haunt his second term administration. After weeks of military escalation against Iran alongside Israel, a chastened Trump now appears to …
The United States and Iran are close to signing a proposed agreement that would extend the current ceasefire for 60 days, reopen the Strait of Hormuz and allow Iran to resume oil exports while negotiations continue on Tehran’s nuclear programme, as per US media outlet Axios.According to the report, the draft memorandum of understanding (MOU) …
Iran and the US are discussing a temporary framework that could pause hostilities, reopen the Strait of Hormuz to commercial traffic and create space for broader negotiations on Tehran’s nuclear programme, the New York Times reported, citing three senior Iranian officials familiar with the talks.According to NYT, the proposed short-term arrangement would establish a 30-day …
US stock markets surged on Wednesday while oil prices plunged sharply as investors bet on a possible breakthrough in US-Iran negotiations that could reopen the Strait of Hormuz and restore global crude supplies, AP reported.The S&P 500 climbed 0.8 per cent and headed towards another record close. The Dow Jones Industrial Average rose 487 points, …
<!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Oil tanker HELGA is moored at one of Iraq’s southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz on April 24, 2026. | Photo Credit: Reuters Iran is offering to end its …
US President Donald Trump on Wednesday stepped back from the brink of a major escalation with Iran, pulling back threats of devastating strikes just hours before a self-imposed deadline for Tehran to concede. He agreed to a two-week ceasefire, opening a diplomatic window to de-escalate the 40-day conflict and Tehran also accepted the truce and …
Iran said on Thursday (April 2) it was drafting a peacetime protocol that would supervise maritime traffic through the Strait of Hormuz with Oman, state media reported, with Tehran’s closure of the vital oil corridor roiling the global economy. Deputy foreign minister Kazem Gharibabadi told Russia’s Sputnik state media that the protocol would apply after …