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  • Iran war live: Tehran insists on control of Hormuz amid reports of US talks | US says it has agre…

    Iran war live: Tehran insists on control of Hormuz amid reports of US talks | US says it has agre…

    Explore the latest developments concerning Iran war live:.

    Iran war live: Tehran insists on control of Hormuz amid reports of US talks

    Washington and Tehran have agreed to stop attacks and renew talks in the Qatari capital, Doha, Axios reports.

    US says it has agreed to 'stand down' after exchange of strikes with Iran

    The US and Iran have agreed to "stand down" following an exchange of strikes over the past few days, according to a US official.

    It comes after several attacks in and around the Strait of Hormuz, culminating in both nations accusing each other of violating their ceasefire.

    The official confirmed to the BBC's US partner CBS News that vessels will now be able to move through the waterway "freely", and added that renewed talks aimed at ending the war will continue.

    Iran has not commented on the reports that it has agreed to halt strikes in the strait.

    On 17 June, the US and Iran signed a 14-point Memorandum of Understanding (MoU), which included an "immediate and permanent termination of military operations on all fronts".

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  • US strikes Iran, Iran hits Bahrain and Kuwait as Middle East tensions escalate | Oil Jumps After …

    US strikes Iran, Iran hits Bahrain and Kuwait as Middle East tensions escalate | Oil Jumps After …

    Explore the latest developments concerning US strikes Iran,.

    US strikes Iran, Iran hits Bahrain and Kuwait as Middle East tensions escalate

    Vessels pictured in the Strait of Hormuz, near where the US has launched fresh strikes on Iran. (Reuters: West Asia News Agency)

    The United States and Iran have exchanged strikes against targets in the Middle East, underscoring rising tensions that threaten the interim deal between the two nations to stop the war.

    The US launched fresh strikes on Iranian military infrastructure near the Strait of Hormuz early this morning, saying the action was in response to Iranian attacks on commercial shipping.

    Iran then launched missile and drone strikes targeting US allies Kuwait and Bahrain, prompting the US to launch a second round of air strikes, and Iran to return fire.

    Escalating US-Iran strikes threaten interim peace agreement

    Tehran attacks Bahrain and Kuwait amid efforts to open strait of Hormuz without Iran’s direct oversight

    Fresh hostilities in Gulf suggest US-Iran memorandum was too broadly worded

    A new round of escalating strikes between Iran and the US has continued, further undermining the fragile interim peace agreement between the two countries, and prompting Donald Trump to threaten violence that would ensure Iran “will no longer exist”.

    On Sunday, Tehran launched drone and missile attacks against Bahrain and Kuwait after new US strikes on sites in southern Iran, and threatened a “complete halt” to negotiations to end the war. Trump said that a moment might come soon when he abandoned talks and the US would “militarily finish the job”.

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  • US strikes Iran after Trump calls Hormuz attack ‘foolish’ ceasefire breach | Bahrain condemns Ira…

    US strikes Iran after Trump calls Hormuz attack ‘foolish’ ceasefire breach | Bahrain condemns Ira…

    Explore the latest developments concerning US strikes Iran.

    US strikes Iran after Trump calls Hormuz attack 'foolish' ceasefire breach

    Donald Trump has accused Iran of a "foolish" violation of the Middle East ceasefire deal.  (Reuters: Evan Vucci)

    The United States has carried out strikes against Iran, the US Central Command said in a statement.

    It comes after Donald Trump accused Iran of a "foolish" violation of the Middle East ceasefire agreement. 

    The US president took to Truth Social after an Iranian drone attack on a cargo ship earlier this week. 

    The United States has carried out strikes against Iran, with the US Central Command saying American aircraft targeted Iranian missile and drone storage facilities, as well as coastal radar sites.

    Bahrain condemns Iranian drone attack after overnight US strikes

    No immediate reports of damage after Bahrain hit by ‘number of drones’ as ship in strait of Hormuz also targeted

    Bahrain said it was attacked by Iran with drones on Saturday, apparently in response to overnight US strikes on Iran. A ship in the strait of Hormuz was also attacked.

    Bahrain’s foreign ministry said a “number of drones” were launched at the country, though there were no immediate reports of damage. It condemned the attack and described it as a “flagrant threat to the security of citizens and residents”.

    No damage or casualties were reported in the attack on a tanker in the strait of Hormuz. No one claimed responsibility for the attack, but Iran was suspected to be behind it.

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    Iran war live: IRGC ‘targets’ US military sites in region after attacks

    The IRGC says it has ‘targeted’ US military in the region after Trump administration launched attacks on the country.

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  • US strikes Iran after Trump calls Hormuz attack ‘foolish’ ceasefire breach | US strikes on Iran t…

    US strikes Iran after Trump calls Hormuz attack ‘foolish’ ceasefire breach | US strikes on Iran t…

    Explore the latest developments concerning US strikes Iran.

    US strikes Iran after Trump calls Hormuz attack 'foolish' ceasefire breach

    Donald Trump has accused Iran of a "foolish" violation of the Middle East ceasefire deal.  (Reuters: Evan Vucci)

    The United States has carried out strikes against Iran, the US Central Command said in a statement.

    It comes after Donald Trump accused Iran of a "foolish" violation of the Middle East ceasefire agreement. 

    The US president took to Truth Social after an Iranian drone attack on a cargo ship earlier this week. 

    The United States has carried out strikes against Iran, with the US Central Command saying American aircraft targeted Iranian missile and drone storage facilities, as well as coastal radar sites.

    US strikes on Iran test fragile ceasefire

    The US has struck Iran for the first time since the two sides reached a Memorandum of Understanding on June 17. The US says it hit Iranian military sites amid claims Iran’s forces attacked a commercial ship in the Strait of Hormuz.

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    US launches new Iran strikes over attack on ship that Trump says violated ceasefire

    Washington/Dubai: The US military attacked Iran in response to an Iranian drone strike on a cargo ship in the Strait of Hormuz, with each country accusing the other of violating terms of a ceasefire agreed on last week.

    US Central Command said aircraft struck missile and drone storage locations and coastal radar sites on Saturday, later publishing a grainy black-and-white video of an explosion labelled “unclassified.” A US official reported the operation had concluded.

    Iran said a projectile struck the area around a pier in Sirik in southern Iran, and that Iranian naval forces responded by striking US military targets in the region. Tehran did not provide details about what may have been hit.

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  • Iran Mediators Offer Plan to Ease Lebanon, Hormuz Tensions | Live updates: Iran and US make ‘en…

    Iran Mediators Offer Plan to Ease Lebanon, Hormuz Tensions | Live updates: Iran and US make ‘en…

    Explore the latest developments concerning Iran Mediators Offer.

    Live updates: Iran and US make ‘encouraging progress’ in crucial talks, mediators say

    Discussions were conducted in a "positive and constructive atmosphere," Qatar and Pakistan said. Talks had looked shaky after Trump's comments angered the Iranian delegation and stalled talks.

    • Switzerland talks: Recently concluded talks between the US and Iran were “positive and constructive” according to mediators Qatar and Pakistan. A High Level Committee to oversee mediation and a “line of communication” for the Strait of Hormuz are being set up, mediators said. Technical talks will continue this week in Switzerland.

    • Tense moments: Talks had previously stalled when President Donald Trump angered Iran’s top negotiator by threatening the Tehran delegation. Trump told Fox News the US could resume bombing Iran and “take over” the Strait of Hormuz if a deal is not reached.

    US-Iran negotiations end, technical talks will continue after Trump shakes talks with threats

    A team led by U.S. Vice President JD Vance is to meet with Iranian negotiators led by parliamentary Speaker Mohammad Bagher Qalibaf and Foreign Minister Abbas Araghchi for talks on Tehran’s nuclear program as part of a fragile deal to end the Iran war.

    U.S. Vice President JD Vance said Sunday there was an opportunity to “turn over a new leaf” with Iran as the sides held talks aimed at building out the interim deal to end the war in Iran reached by the two sides last week. But even as Vance called on Tehran to build on the moment, President Donald Trump threatened to restart strikes on Iran for its support of Hezbollah militants in Lebanon or if it moved to close the strategic Strait of Hormuz.

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  • Iran says it’s closing Strait of Hormuz and accuses US and Israel of violating ceasefire deal | I…

    Iran says it’s closing Strait of Hormuz and accuses US and Israel of violating ceasefire deal | I…

    Explore the latest developments concerning Iran says it's.

    Iran says it's closing Strait of Hormuz and accuses US and Israel of violating ceasefire deal

    Iran says it is closing the Strait of Hormuz and accuses the US and Israel of violating the ceasefire deal, after Israel continued strikes on Lebanon

    A US Central Command spokesperson says "traffic continues to flow" in the strait, with US forces "monitoring the situation", according to several media outlets – why is the strait so important?

    It comes as Israel and Hezbollah have both accused each other of violating a new ceasefire. The conflict here raises questions about the future of a permanent US-Iran deal, writes Hugo Bachega in Beirut

    The US-Iran deal was always fragile and there are signs it is unravelling. All eyes will now be on President Trump, writes the BBC's Jon Donnison

    Iran war live: Iran shuts Hormuz; Iran-US talks to start Sunday – Pakistan

    Iranian forces say the Strait of Hormuz has been closed due to Israel’s attacks on Lebanon.

    Iran warns of ‘reciprocal action’ if US doesn’t honour MOU commitments

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    Iran closes Strait of Hormuz again and says its negotiating team is heading to Switzerland

    Iran declared the Strait of Hormuz closed again on Saturday and warned vessels to stay away from the critical shipping route, but the U.S. denied those claims, stating the waterway remained open.

    Tensions between the two countries escalated just days after Tehran and Washington reached an interim agreement to end hostilities in the region.

    The announcement by Iran's military and the country's Islamic Revolutionary Guard Corps came as Iranian negotiators prepared to travel to Switzerland for technical-level talks with U.S. officials scheduled to begin Sunday.

    Iran's joint military command said the closure of the strait was in response to continued Israeli military operations in Lebanon and what it described as U.S. "bad faith" and a failure to uphold commitments under the truce framework, AP reported. Iranian state television said "subsequent steps have been planned" if what it called aggression continues, according to multiple outlets.

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  • US-Iran deal takeaways: reopening the strait of Hormuz, waived oil sanctions and Lebanon | Donald…

    US-Iran deal takeaways: reopening the strait of Hormuz, waived oil sanctions and Lebanon | Donald…

    Explore the latest developments concerning US-Iran deal takeaways:.

    US-Iran deal takeaways: reopening the strait of Hormuz, waived oil sanctions and Lebanon

    US officials have revealed a preliminary memorandum of understanding between Washington and Tehran to end the costly 110-day conflict

    Senior US officials have revealed the contents of a preliminary memorandum of understanding (MOU) between Washington and Tehran to end the 110-day conflict which has cost thousands of lives and devastated the world economy.

    The officials dictated the MOU to journalists on Wednesday, before it was signed by Donald Trump and Iranian counterpart Masoud Pezeshkian. Both sides have 60 days to negotiate the terms before a final agreement.

    To start, both the US and Iran, along with their allies, agree to declare an end to military operations on all fronts the moment the document is signed.

    Donald Trump says Iran has to make a deal in 60 days

    Donald Trump told Iran they must make a deal in the next 60 days or the US will "do things that won't make them happy".

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    US-Iran deal covers Lebanon, Strait of Hormuz and Iran's uranium

    Donald Trump has warned Iran he is prepared to resume fighting if the deal falls through. (Reuters: Evan Vucci)

    The presidents of the United States and Iran have officially signed a memorandum of understanding aimed at ending their war and reopening the Strait of Hormuz.

    The agreement was due to be signed at an official ceremony in Switzerland on Friday, but the White House and Iranian state media confirmed it had been signed early.

    Earlier today, in a briefing with journalists including from the ABC, a senior US official read out the full text of the 14-point document.

    Iran war live updates: For the latest news on the Middle East crisis, read our blog.

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  • US-Iran truce could slash petrol price to N900 – Operators | Why imported fuel landing cost is …

    US-Iran truce could slash petrol price to N900 – Operators | Why imported fuel landing cost is …

    Explore the latest developments concerning US-Iran truce could.

    US-Iran truce could slash petrol price to N900 – Operators

    The price of Premium Motor Spirit (petrol) may drop to as low as N900 per litre in the coming days if the proposed peace deal between the United States and Iran materialises and crude oil prices continue their downward trend, industry operators have stated.

    Recent developments in the Middle East have triggered a sustained decline in global oil prices, fuelling expectations that fuel prices could also fall at the pumps.

    From over $120 per barrel in April, crude oil prices dropped to about $87 per barrel as of Sunday. The sustained decline, coupled with plans to reopen the Strait of Hormuz, is generating cautious optimism among fuel marketers that prices of petrol, diesel and aviation fuel may ease in the coming days.

    Bonny Light plunges as US-Iran truce threatens Nigerian oil premium

    Nigerian crude blends and major oil contracts plummeted after the US and Iran reached a temporary agreement to put an end to their months-long conflict.

    Nigerian crude blends and major oil contracts plummeted after the US and Iran reached a temporary agreement to put an end to their months-long conflict.

    The peace initiative and subsequent announcement that the Strait of Hormuz -a vital transit corridor, handling 20% of global oil traffic- is to be reopened sent to the markets tumbling.

    Immediately, light sweet crudes such as Bonny Light, the flagship Nigerian oil, and Qua Iboe came under pressure.

    Prices reacted to the impending reintroduction of stranded Middle Eastern oil to the market.

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  • What does the US-Iran deal mean for oil prices and the world economy? | VIDEO: Monday Finance wit…

    What does the US-Iran deal mean for oil prices and the world economy? | VIDEO: Monday Finance wit…

    Explore the latest developments concerning What does the.

    What does the US-Iran deal mean for oil prices and the world economy?

    More than three months after the US and Israel first began their war with Iran, the White House and the Iranian regime have agreed a framework deal to bring about a more long-term end to hostilities.

    The Middle East crisis sent global oil prices soaring as the conflict effectively closed one of the world's key water transport routes for oil, liquid natural gas and other essential commodities, limiting global supplies.

    But experts warn a return to normal shipping through the Strait of Hormuz will take time, and the impact of the war will continue to affect the global economy for potentially months to come.

    VIDEO: Monday Finance with Alan Kohler

    The share market rose today, and the price of oil dropped after the announcement of a ceasefire agreement between The United States and Iran. Alan Kohler has more.

    The share market rose today, and the price of oil dropped after the announcement of a ceasefire agreement between The United States and Iran. Alan Kohler has more.

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  • Live: Australian dollar rises on US-Iran deal, ASX to lift | ASX 200 LIVE: ASX to gain, oil falls…

    Live: Australian dollar rises on US-Iran deal, ASX to lift | ASX 200 LIVE: ASX to gain, oil falls…

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    Live: Australian dollar rises on US-Iran deal, ASX to lift

    The Australian dollar is rising after Donald Trump confirmed a peace deal has been reached with Iran, saying the Strait of Hormuz will open.

    The ASX looks set to join the rally when markets open this morning, ahead of tomorrow's RBA rates decision.

    Follow the day's financial news and insights from our specialist business reporters on our live blog.

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    A peace deal between Iran and the US and further easing in the oil price is expected to drive equity markets higher and take the pressure off major central banks from raising interest rates when they meet this week.

    On Monday, Iran confirmed it agreed to a deal with the US to reopen the Strait of Hormuz, and would officially sign the memorandum of understanding on June 19 in Switzerland. “The Deal with the Islamic Republic of Iran is now complete,” US President Donald Trump posted on social media.

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