Stories tagged “Us Iran Talks.”
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Iran and Oman are pushing talks for an interim reopening of the Hormuz Strait, a key waterway through which about a fifth of the world's oil and liquefied natural gas passes. The two sides are discussing an interim framework aimed at resuming shipping through the strait.
Oil prices fell to their lowest levels in nearly three weeks following reports of progress in US-Iran negotiations aimed at reopening the Strait of Hormuz to commercial shipping.
Conflicting signals from the United States and Iran over the status of talks to end their five-month-old war boosted uncertainty on Tuesday, with the latest attack on shipping in the Strait of Hormuz highlighting risks to global energy flows.
Asia FX mixed with U.S.-Iran talks in focus; yen dips after intervention-led rally
Asian currencies traded mixed on Tuesday as investors awaited fresh developments on proposed U.S.-Iran negotiations, while the Japanese yen weakened slightly after rallying on last week’s coordinated U.S.-Japan currency intervention.
US President Donald Trump said on Monday that negotiations with Iran were 'going on right now,' describing the talks as Tehran's final opportunity to strike an agreement that could reopen the Strait of Hormuz and address Washington's concerns over Iran's nuclear programme.
Oil prices fell after US-Iran talks concluded in Switzerland, with Tehran securing waivers for oil and petrochemical exports. Brent crude fell 1.90% to $79.04 a barrel.