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The Latest Breaking News from Iran

Oil Ends Week Mixed on Geopolitical Uncertainty, Supply Hopes

Oil prices ended the week mixed on Friday as investors weighed a potential supply disruption resulting from the Russia-Ukraine crisis against the prospect of increased Iranian oil exports. Brent crude futures settled 57 cents, or 0.6%, higher at $93.54 a barrel, while US West Texas Intermediate (WTI) crude ended down…

Asharq Al-Awsat

Advocacy Group: US Firm's Tanker Illicitly Traded Iran Oil

A tanker owned by a Los Angeles-based private equity firm likely took part in the illicit trade of Iranian crude oil at sea despite American sanctions targeting Iran, an advocacy group alleges. The firm said Thursday it is cooperating with US government investigators. The group United Against Nuclear Iran raised…

Asharq Al-Awsat

Arab Coalition Destroys Explosives-Laden Houthi Boat in Red Sea

The Saudi-led Arab coalition said on Friday it had destroyed a small boat launched by the Iran-backed Houthi militias in the south of the Red Sea that was loaded with explosives, Saudi state television reported on Friday. The coalition added that the boat had departed Yemen's main Red Sea port…

Asharq Al-Awsat

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Iran Nuclear Deal Could Be Agreed Very Soon, EU Official Says

A senior European Union official said on Friday that a US-Iranian deal to revive Iran's 2015 nuclear agreement was close but success depended on the political will of those involved. "I expect an agreement in the coming week, the coming two weeks or so," the EU official said. "I think…

Asharq Al-Awsat

Iran nuclear deal could be agreed very soon, EU official says

A senior European Union official said on Friday that a U.S.-Iranian deal to revive Iran's 2015 nuclear agreement was close but success depended on the political will of those involved.

Reuters

OPEC+ Would Seek to Bring Iran into Oil Supply Deal

OPEC+ will work to integrate Iran into its oil supply-limiting accord should agreement be reached on reviving its nuclear deal with world powers, sources close to the group said, seeking to avoid market share competition that could hit prices. A successful outcome to the talks could lift US sanctions on…

Asharq Al-Awsat

Republicans Warn Biden against Providing Guarantees to Tehran

Republican lawmakers reiterated their total refusal of any nuclear deal with Iran without Congress’ approval, following Iran’s proposal that the United States makes a “political statement” of its commitment to a nuclear accord with Tehran. About 200 Republican lawmakers wrote a letter to US President Joe Biden, warning that any…

Asharq Al-Awsat

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Hezbollah Drone Triggers Air Defenses in Northern Israel

Israel's military said its air defenses fired at a drone that had crossed into its airspace from Lebanon on Friday, the second such incident in as many days. Lebanon's Iran-backed Hezbollah group said it had launched the drone on a reconnaissance mission over Israel in a statement released on Friday.…

Asharq Al-Awsat

Saudi-led coalition destroys explosives-laden Houthi boat in Red Sea -state TV

The Saudi-led coalition fighting Iran-aligned Houthi forces in Yemen said it had destroyed a small Houthi boat in the south of the Red Sea that was loaded with explosives, Saudi state television reported on Friday.

Reuters

Retailers face tough 2022 despite sales rebound; FTSE 100’s worst week since November; NatWest back in profit – as it happened

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The Guardian - UK

US Says Nuclear Deal Possible Within Days If Iran 'Shows Seriousness'

The United States said Thursday that "substantial progress" during negotiations in Vienna to save the Iran nuclear deal had been made, deeming an agreement possible within days if Iran "shows seriousness" on the matter. The Vienna talks, which involve Iran as well as Britain, China, France, Germany and Russia directly,…

Asharq Al-Awsat

Asian Markets Drop as Ukraine Fears Return, Oil Extends Losses

Asian markets fell Friday following a steep drop on Wall Street fueled by renewed fears that Russia will soon invade Ukraine, adding to long-running angst about the Federal Reserve's plans to hike interest rates. While tensions in Eastern Europe continue to absorb most of the attention, oil extended losses as…

Asharq Al-Awsat

Houthi Attack Repelled in Yemen's Hajjah

The Yemeni military declared on Thursday that it has repelled an attack by the Iran-backed Houthi militias on the Abs front in the northwestern Hajjah province. Several Iran-made armed drones were downed during the fighting, it added. The Saudi-led Arab coalition offered air support during the operation.

Asharq Al-Awsat

France steps up pressure on Iran ahead of nuclear talks in Vienna

Iran has just days left to accept a deal on its nuclear programme at talks in Vienna, France warned on Wednesday, while Tehran's chief negotiator promised that an agreement was closer than ever.

Radio France Internationale

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Reuters

Iran nuclear deal draft puts prisoners, enrichment, cash first, oil comes later

A U.S.-Iranian deal taking shape to revive Iran's 2015 nuclear agreement with world powers lays out phases of mutual steps to bring both sides back into full compliance, and the first does not include waivers on oil sanctions, diplomats say.

The Independent UK

Group alleges US firm's tanker illicitly traded Iran oil

A tanker owned by a Los Angeles-based private equity firm likely took part in the illicit trade of Iranian crude oil at sea despite American sanctions targeting the Islamic Republic

Asharq Al-Awsat

Khamenei Urges Nuclear Energy Progress amid Talks

Iran’s supreme leader vowed on Thursday that his country would ramp up development of its civilian nuclear program, as major world powers continued delicate talks in Vienna to revive Tehran’s landmark nuclear deal. In a televised speech, Ayatollah Ali Khamenei urged the importance of nuclear energy for Iran, while again…

The Independent UK

Iran supreme leader urges nuclear energy progress amid talks

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Reuters

Analysis-U.S. Congress may squawk over a new Iran deal but is unlikely to block it

Despite threats from nearly three dozen Republican senators to thwart a revived Iran nuclear deal and the misgivings of some top Democrats, there is little chance the U.S. Congress can block a new accord if one comes to fruition.

Asharq Al-Awsat

'Cold War' Breaks Out between Russia, Iran East of Syria

A cold war broke out between Russia and Iran to win the loyalty of the “seven villages” east of the Euphrates, an area mainly controlled by the US-backed Syrian Democratic Forces (SDF). The Syrian Observatory for Human Rights (SOHR) reported that the “cold war” between Russia and Iran, the main…

Reuters

Iran not seeking nuclear weapons, needs atomic energy, says Khamenei

Iran's supreme leader said on Thursday that it will further develop peaceful nuclear capacity to preserve independence, amid negotiations with world powers to revive a 2015 nuclear pact.

Asharq Al-Awsat

South Korea, Iran Discuss Resuming Oil Trade, Unfreezing Funds

South Korea and Iran have held working-level talks on resuming imports of Iranian crude oil and unfreezing Iranian funds held in the East Asian nation, South Korea's foreign ministry said on Wednesday. South Korea was previously one of Iran's leading Asian oil customers.

Asharq Al-Awsat

Germany Urged to Save Citizen Risking Execution in Iran

Germany must act immediately to prevent the hanging of a national detained in Iran who risks the death penalty on charges vehemently denied by his supporters, his family and activists said on Monday. Anti-regime activist Jamshid Sharmahd, 66, appeared in court in Tehran earlier this month charged with "spreading corruption…

Asharq Al-Awsat

Iran Says Nuclear Agreement ‘Closer than Ever’

Iran has just days left to accept a deal on its nuclear program at talks in Vienna, France warned on Wednesday, while Tehran’s chief negotiator promised that an agreement was closer than ever. “It is not a question of weeks, it is a question of days,” French Foreign Minister Jean-Yves…

Al Jazeera

US and Iranian officials suggest nuclear talks nearing conclusion

Iranian negotiator says deal is ‘closer than ever’ as US State Department stresses that days ahead will be ‘decisive’.

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