US-Iran peace talks progress despite fragile negotiations
Treasury issues a 60-day waiver as negotiators work toward a longer-term deal and Iran agrees to return international nuclear inspectors.
- On June 22, the United States and Iran entered 60-day talks in Switzerland to finalize a long-term peace agreement, as the Treasury Department issued a 60-day waiver allowing Iranian oil imports for the first time in decades.
- Vice President Vance stated negotiators are 'laying the foundation' for a potential long-term agreement after Washington allowed Iran to produce and sell oil internationally following a framework agreement reached last week.
- Tehran agreed to permit International Atomic Energy Agency inspectors back into the country and established a communication line for safe passage through the Strait of Hormuz, while finalizing the release of $12 billion in frozen assets.
- President Donald Trump warned Tehran that he will 'do what I have to do' if the country violates the agreement, while many Israeli leaders expressed skepticism about the deal's security implications.
- Visiting the Gulf this week, State Marco Rubio seeks to reassure regional allies as working groups address nuclear and sanctions issues to solidify the fragile diplomatic progress over the coming weeks.
29 Articles
29 Articles
Ringgit improves vs US dollar amid progress in Iran peace talks
KUALA LUMPUR: The ringgit opened higher against the US dollar on Tuesday as peace negotiations in West Asia made progress, an analyst said. At 8am, the local note improved to 4.1440/4.1505 against the greenback from 4.1465/4.1500 at yesterday’s close. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the US government has allowed Iran to sell its oil in the international market, a sign that the ongoing peace negotiation was going …
Oil Prices Continue to Slide as Peace Talks Progress
Crude oil prices extended their decline today, with Brent crude sliding to $77.51 per barrel at the time of writing, and West Texas Intermediate at $73.62 per barrel, on reports that the United States and Iran were making progress in their peace talks. The latest updates from the negotiations table include a report that the United States will waive sanctions on Iran’s oil industry for the 60-day duration of the cessation of hostilities agreed ea…
Oil holds decline as Iran waiver signals peace talks progress - NewsTmes.com.ng
WASHINGTON – Oil held a decline on signs of progress toward an agreement to end the Iran war, which included a US waiver allowing some sales of crude and fuels from the Islamic republic. Brent crude traded below US$78 a barrel after falling 3.3 per cent on June 22, the biggest drop in almost a … The post Oil holds decline as Iran waiver signals peace talks progress appeared first on NewsTmes.com.ng.
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