New York Times: The proposal also called on the United States to end its naval blockade but would have set aside questions about what to do with Iran’s nuclear program, according to U.S. and Iranian officials familiar with details of the negotiations.
It is not clear precisely why Mr. Trump is not satisfied with the proposal, but he has repeatedly insisted that Iran cannot have nuclear weapons. A U.S. official also said that accepting it could appear to deny Mr. Trump a victory…
Iran Is Flooded With So Much Unsold Oil That It’s Stashing It in Derelict Tanks
Iran is scrambling to find new ways to store its oil, hoping to avoid a crippling production shutdown as a U.S. naval blockade bottles up its exports and negotiations to end the war remain deadlocked.
…Iran hopes to avoid the risk of having to turn off the spigots and deepen its revenue losses, said Sanam Vakil, Middle East and North Africa program director at Chatham House, a nonpartisan London think tank.
“The shutdown will add pressure and motivate the negotiations,” Vakil said…
US being ‘humiliated’ by Iran, says German Chancellor Friedrich Merz
Speaking during a school visit in western Germany on Monday, Merz said Washington “quite obviously went into this war without any strategy” and had “no truly convincing strategy in the negotiations either”.
The Iranians were “obviously negotiating very skilfully — or simply very skilfully not negotiating”, he added. “A whole nation is being humiliated by the Iranian leadership…
Budget Airlines Ask Trump Administration for Billions as Fuel Costs Rise
A trade group for the airlines is seeking $2.5 billion to help offset the big jump in jet fuel costs since the start of U.S.-Israeli attacks against Iran…
Iraq’s President Names Political Newcomer to Form Government
After months of tensions and pressure from both the U.S. and Iran, Ali al-Zaidi, a businessman, was named as prime minister-designate…
Iranian foreign minister meets with Putin as U.S.-Iran talks falter
Russian state media did not report what kind of support, if any, Putin pledged to Araghchi behind closed doors. Iran and Russia have long been close strategic partners, and Moscow has so far extended limited support to Iran in its war with the United States and Israel, providing Tehran with targeting information for U.S. forces including warships and aircraft in the Middle East, Western officials have said…
In charts: How the Iran war put billions of Gulf-backed dealmaking in doubt
Region’s sovereign wealth funds review their portfolios as Middle East war heightens economic strain…