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US and Iran hold technical talks on peace deal

The United States and Iran have held technical talks in Doha as part of efforts to secure a wider peace deal and restart shipping through the Strait of Hormuz. According to Reuters, the two sides focused on maritime traffic, frozen Iranian assets, and other issues linked to an interim agreement reached earlier. Sources said the talks lasted two days and did not address Iran’s nuclear programme, which is expected to be handled in later discussions. Reuters reported that the initial deal would allow shipping to resume through the Strait of Hormuz, a major route for global oil and gas trade. The discussions were described as technical, with officials saying they built on earlier progress but did not produce a final settlement.

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US disputes Iranian claims about closing Strait of Hormuz

The United States has rejected Iranian claims that its military closed the Strait of Hormuz, saying there is no evidence of a closure and that commercial ship traffic through the waterway has actually increased. Iran announced on Saturday that its military had closed the strategic Strait of Hormuz, in retaliation for what it calls a "blatant breach" of a recently signed US-Iran Memorandum of Understanding by the United States and Israel. Iran's top joint military command ordered the closure and warned that no ships or vessels should approach the waterway. US Vice President JD Vance disputed the closure during an interview with Fox News on Saturday, stating that there is no evidence Iran closed the Strait. US Central Command released a statement shortly after Iran's announcement, confirming that commercial ship traffic through the strait increased on June 20. "CCommercial ship […]

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14-point US-Iran deal to end war

US President Donald Trump has signed a 14-point memorandum of understanding (MOU) with Iran to end hostilities, reopen the Strait of Hormuz and set a roadmap for a comprehensive peace deal that includes lifting all sanctions and unfreezing Iranian assets abroad. The US and Iran, along with their allies in the ongoing conflict, declared an immediate and permanent cessation of military operations on all fronts, including Lebanon, and agreed not to initiate any warfare or military actions against each other. The MOU commits both nations to honor each other's sovereignty and territorial integrity, refrain from interference in each other's domestic matters, and negotiate a comprehensive agreement within a maximum of 60 days. Upon signing, the US will begin dismantling its naval blockade against Iran, fully ending the blockade within 30 days, and restore maritime traffic to pre-war levels proportional to […]

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Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release

Iran has revealed that a proposed memorandum of understanding with the United States includes a waiver of oil sanctions, limits on Iran's nuclear programme, and the release of billions of dollars in frozen Iranian assets. A senior Iranian source told Reuters on Friday that the draft deal would waive sanctions on Iran's oil exports, unfreeze billions of dollars of its funds, and impose restrictions on Iran's nuclear programme. The agreement also includes a commitment from Iran to never develop nuclear weapons. According to the source, the United States would lift its blockade on Iranian ports and issue targeted sanctions waivers to facilitate unrestricted Iranian oil sales during the negotiation period. The US proposal includes a temporary waiver of oil sanctions effective until a final agreement is reached, rather than Iran's demand for permanent lifting of all sanctions. The draft MOU […]

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US and Iran inch closer to deal, but timing remains unclear

The United States and Iran have agreed on the wording of a draft peace deal to end their war, but the exact timing of when the agreement will be finalised remains unclear. Pakistani Prime Minister Shehbaz Sharif, who has been mediating the talks, announced that a final agreed-upon text of the peace deal has been reached between the United States and Iran, with subsequent actions to be determined by mediators. Pakistan, which has taken a proactive role in mediation, is coordinating with the involved nations on the next steps forward. According to three regional officials, the anticipated agreement is expected to facilitate the reopening of the Strait of Hormuz, gradually lift sanctions on Iran, and allow the release of Iranian assets that have been frozen. A senior U.S. official revealed that pivotal elements of the emerging agreement involve the removal […]

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Trump Says Peace Deal With Iran in Final Stages

President Donald Trump said on Wednesday that negotiations with Iran were "in the final stages," while warning of further attacks unless Tehran agrees to a peace deal. "We're in the final stages of Iran. We'll see what happens. Either have a deal, or we're going to do some things that are a little bit nasty, but hopefully that won't happen," he told reporters. Trump announced that he is in the "final stages" of negotiating an agreement with Iran, which he anticipates could be finalized within the next "two to three days," following a recent surge in hostilities. The president claimed he is in "no hurry" to finalize a peace agreement with Iran, suggesting that he would not consider making a "limited deal" only focused on reopening the Strait of Hormuz. On May 27, Trump said both sides were close to […]

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US Eyes Redirecting Iranian Assets to Gulf Allies for Reconstruction

The U.S. government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, including future destruction expected to be inflicted by Tehran, a source familiar with the matter said on Saturday. The move comes a day after a wave of attacks by Iran against Kuwait and Bahrain. U.S. Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already inflicted on Gulf allies by Iran. The United States will consider using Iranian assets for those repairs as well, according to the source. The source did not specify what kind of assets the Treasury was examining. The language used to describe the new measures did not appear limited to frozen assets, suggesting that the U.S. could examine a broader range of Iranian financial holdings. The Trump administration is seeking […]

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US denies agreeing to unfreeze Iran assets

A senior United States official has denied a report that Washington agreed to unfreeze Iranian assets held in Qatar and other foreign banks as part of ongoing talks with Tehran. The denial came after an unnamed Iranian source told Reuters that the US had consented to releasing the frozen funds in return for safe passage for shipping through the Strait of Hormuz. In a message from the White House, a senior US official dismissed the report as false, stressing that the meetings between both sides had not even started at the time the claim was made. Iran and the US have sent delegations to Islamabad, Pakistan, for talks aimed at ending the wider war in the Middle East. Tehran has publicly insisted that any permanent ceasefire must include unfreezing its sanctioned assets and an end to Israel’s war on Hezbollah […]

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