Tag: Iran
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Weekend oil jumps $3 as the US renews airstrikes in the Persian Gulf
US forces in the Persian Gulf have renewed their attacks on Iranian military targets after Iran hit a civilian cargo vessel with a Cypriot flag called the GFS Galaxy (IMO: 9401271). One of the crew members of the struck vessel is reportedly missing. The news comes despite press reports stating that the Iranian government still…
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Reuters report that Iranian regime wants halt to hostilities
Reuters has published a report quoting US government officials as saying that Iranian officials informed them that recent attacks by Iranian forces against vessels passing through the Strait of Hormuz were not authorised and were carried out by rogue elements within their forces. Hostilities in the Persian Gulf have now ceased. At the NATO Summit,…
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President Trump announces license to Ukraine to produce Patriot missiles: MOU with Iran cancelled
At the NATO Summit in Ankara today, US President Donald Trump announced that he will be providing a license to Ukraine to produce Patriots missiles domestically. Ukraine has requested permission to manufacture Patriot missiles domestically to supply its air defences for use against Russian ballistic missile attacks on cities and civilians. Russia has launched ballistic…
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US launches new wave of airstrikes against Iran
The US has launched a new wave of airstrikes against Iranian targets in the Persian Gulf. US President Donald Trump said that the attacks are punishment to Iran following its latest attacks on vessels trying to pass through the Strait of Hormuz and are not proportional. Iran has been targeting vessels which pass through the…
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Oil jumps two Dollars as Iran and the US exchange limited fire
Oil has jumped two dollars up to $72 today after Iran and the US exchanged limited fire and Iran fired drones at targets in Bahrain and Kuwait. The exchange of fire comes after Iran has fired at vessel’s travelling through the Strait of Hormuz. Last week, Iran struck the Singapore-flagged cargo ship Ever Lovely, with…
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Abbas Araghchi and JD Vance land in Switzerland for talks as Israel bombs Lebanon and Gaza
Iranian Foreign Minister Abbas Araghchi and US Vice-President JD Vance have landed in Switzerland for direct talks to implement the MOU signed by President Donald Trump at the Versailles Palace and coordinate the release of frozen Iranian funds. The talks are taking place at Bürgenstock, near Lake Lucerne, with Pakistan and Qatar acting as mediators.…
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Trump abandons the Iranian people and praises the Iranian regime: up to 50 dissidents executed since April
The Iranian regime has come out stronger with the deal signed by US President Donald Trump at the Versailles, providing them with a pledged $300 billion reconstruction plan, the lifting of sanctions and the unfreezing of assets. Iran has offered nothing new in exchange of these conditions. Iran was previously bound by a deal signed…
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JD Vance says Iran will receive $300 billion following peace deal: Ursula von der Leyen says sanctions won’t be lifted for now
In an interview with CBS, US Vice-President JD Vance said that Iran will be receiving up to $300 billion in investment from Gulf countries if it accepts to give up its ambitions to build a nuclear weapon. JD Vance has been leading the US-negotiating team with Iran through Pakistani mediators. The Iranian regime has been…
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President Trump announces deal with Iran: claims Strait of Hormuz is open but Iranian regime remains muted
President Donald Trump is claiming that a deal with the Iranian regime has been reached, but an official statement from Iran is yet to be published. Iranian state-media are quoting the Pakistani mediators saying that a signing will be held in Switzerland next Friday. President Trump also announced that the US and Iranian naval blockades…
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Trump and Araghchi confirm they will sign agreeent
Both US President Donald Trump and Iranian Foreign Affairs Minister Abbas Araghchi have confirmed that they are close to sign a deal with the Iranian Foreign Minister confirming the news on state media. However no details have been made public yet, and initial reports state that the deal will include a 60-day extension of the…
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No war against Iran as President Trump says deal has been approved
US President Donald Trump said that he cancelled strikes on Iran as a deal between the Iranian regime and the US government has been approved. Fighting broke out in the Strait of Hormuz earlier this week but the oil price did react to the renewed hostilities and has went down since then with Brent crude…
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War breaks out again in the Persian Gulf: Trump says Strait of Hormuz was unblocked earlier this week
War seems to be breaking out again in the Persian Gulf as a spate of airstrikes in Iran and the strait of Hormuz are ongoing. US President Donald Trump said that the US will be retaliating after Iran downed a US helicopter over the strait. President Trump also said that the Strait of Hormuz was…