LIVE
Oil keeps climbing as US balks at Iran’s latest
Summary
• President Trump is unhappy with Iran’s latest proposal to end the war because it did not address the nuclear program, Reuters reported citing a US official.
• IAEA Director General Rafael Grossi said consensus at the UN Security Council on Iran has broken down and may not return for “a long, long time.”
• Iran’s Foreign Minister Abbas Araghchi told Russia's president Vladimir Putin that US threats and “unreasonable demands,” have slowed diplomatic progress.
• Iran’s internet blackout entered its 59th day on Monday after 1,392 hours of near-total disconnection from the outside world, internet monitor NetBlocks said.
20 minutes ago
White House rejects media diplomacy on Iran talks
The United States will not negotiate through the press and remains firm on its red lines in dealings with Iran, a White House spokeswoman said.
“The United States will not negotiate through the press — we have been clear about our red lines and the president will only make a deal that’s good for the American people and the world,” Olivia Wales said.
Her comments came as US officials reviewed Iran’s latest proposal related to reopening the Strait of Hormuz and ending the war, according to a New York Times report.
The report also cited US officials as saying that Iran’s leadership has not authorized its negotiators to make concessions on the country’s nuclear program, complicating efforts to reach a compromise or broader peace deal.
1 hour ago
INSIGHT
Did Araghchi’s tour signal leverage or isolation?
In Tehran, Abbas Araghchi’s whirlwind regional tour is being presented as evidence that Iran still has diplomatic options and regional leverage.
But behind the official narrative, even Iranian media and senior officials are beginning to acknowledge a harsher reality: talks with Washington are stalled, allies are limited and the country’s room to maneuver is narrowing.
The reformist daily Shargh wrote on Monday that the visits revealed “clear signs of a deadlock in negotiations with Washington.”
In an interview with ISNA, Araghchi himself acknowledged that “the first round of talks in Islamabad failed to reach its objectives,” blaming what he described as “the United States’ excessive demands.”
Read the full article
1 hour ago
Iran’s unused oil storage may last 22 days or less - Bloomberg
Iran’s unused onshore oil storage capacity may last 22 days or less at current production rates as the US blockade constrains exports, according to data cited by Kpler.
The shrinking storage window increases the risk that Tehran may soon be forced to make deeper production cuts.
Analysts warn prolonged cuts could damage reservoir pressure in mature oil fields and reduce long-term recovery rates.
2 hours ago
Oil prices rise for seventh day as US-Iran diplomacy stalls
Oil prices continued their steady rise on Tuesday,extending gains for a seventh straight session as diplomatic efforts to halt the conflict between the United States and Iran remained at a standstill.
Brent crude futures for June delivery rose 45 cents, or 0.4%, to $108.68 a barrel by midnight London time after surging 2.8% in the previous session.
US West Texas Intermediate crude for June delivery climbed 58 cents, or 0.6%, to $96.96 a barrel, building on a 2.1% gain in the prior trading day.
2 hours ago
ANALYSIS
Why a blockade would not halt Iran’s oil overnight
Amid Iran’s closure of the Strait of Hormuz and the ensuing US blockade, an old energy fantasy has resurfaced that cutting off a country’s oil exports works like flipping a switch.But reality is less cinematic and far more uncomfortable.
If Iran faced a serious maritime blockade,its oil system would not collapse overnight. It would absorb the shock, adapt, and only gradually tighten under pressure.
That distinction between sudden failure and slow strain is not just technical. It is the difference between a crisis markets can price instantly and one that unfolds in uneasy stages.
As Washington says its blockade is tightening around Tehran, understanding that distinction matters.
Read the full article here.
(https://www.iranintl.com/en/liveblog/202604194357
How can anyone think there is any benefit for Iran, they and their allies can’t even fake it! This is so stupid to pretend Iran has any leverage!