LIVE
updated 7 minutes ago
US slaps new Iran sanctions after talks yield no breakthrough
Summary
• The US Treasury on Tuesday sanctioned 10 individuals and entities it accused of procuring weapons and components for Iran’s Ministry of Defense and Armed Forces Logistics under its Operation Economic Outcast campaign.
• US President Donald Trump said Tuesday that the conflict with Iran would end “very soon,” while reiterating that Tehran would not be allowed to obtain a nuclear weapon.
• The US dollar rose above 2.5 million rials on Iran’s free market on Tuesday, as the country’s currency market remained volatile.
• Oil shipments from the Persian Gulf through the Strait of Hormuz and alternative routes have recovered to nearly 80% of pre-war regional flows, the Wall Street Journal reported.
• Iran’s parliament speaker Mohammad Bagher Ghalibaf warned on Tuesday that regional energy infrastructure would not be safe if Iran’s security was not guaranteed, as he responded to US President Donald Trump’s recent remarks about the Strait of Hormuz.
• The Islamic Revolutionary Guards have prepared a detailed letter addressed to the American public, the IRGC spokesman said on Tuesday.
• Iran was awaiting a formal US response to its proposal for reopening the Strait of Hormuz after further talks with Qatari mediators in New York, Foreign Minister Abbas Araghchi said.
https://www.iranintl.com/en/liveblog/202609269384