US and Iran Close In on Draft Memorandum to End Gulf War

The United States and Iran are moving closer to a tentative memorandum of understanding that could formally end weeks of conflict in the Gulf and open the way for broader negotiations over Iran’s nuclear program, according to officials and sources familiar with the talks. The proposed draft, described as a one-page framework, is being seen […]

Governments Scramble to Limit Fallout of Iran War as Oil Prices Surge

Governments across Asia, Europe and Africa are rushing to shield their economies from the growing fallout of the war involving Iran, as global oil prices surge to their highest levels in years and financial markets react with sharp volatility. Energy markets were jolted Monday after escalating fighting in the Middle East raised fears of major […]

Iran’s Parliament Speaker Rejects Ceasefire as Conflict Enters Day 10

Iran’s Parliament Speaker Rejects Ceasefire as Conflict Enters Day 10

Mohammad Bagher Ghalibaf has rejected calls for a ceasefire as the conflict involving Iran, the United States, and Israel enters its tenth day, vowing that Iran will continue its response until what he described as “decisive punishment” is delivered. The hostilities began on February 28, when a large scale wave of approximately 900 airstrikes carried […]