Business, markets and economy news from Malaysia.
Iran's top negotiator Mohammad Bagher Ghalibaf has dismissed US claims that unfrozen Iranian assets will be spent on American agricultural goods, highlighting deepening disagreements over fund deployment as nuclear negotiations continue.
Three crude tankers carrying 5 million barrels are transiting the Strait of Hormuz as an interim Iran-US agreement releases pent-up supply. Shipments heading to South Korea and India signal easing regional tensions and potential price relief.
US Secretary of State Marco Rubio has ruled out American government participation in a proposed Iran reconstruction fund, stating it remains premature to identify contributors. The clarification follows recent high-level diplomatic negotiations between Washington and Tehran.
US Secretary of State Marco Rubio rejected Iranian demands for tolls on Strait of Hormuz traffic, signalling deepening rifts in Middle East peace negotiations amid disagreements over nuclear inspections and weaponry.
%22%2F%3E%3C%2Fpattern%3E%3C%2Fdefs%3E%3Crect%20width%3D%22100%25%22%20height%3D%22100%25%22%20fill%3D%22url(%23ph260rag)%22%2F%3E%3Crect%20width%3D%22100%25%22%20height%3D%22100%25%22%20fill%3D%22url(%23ph260rap)%22%2F%3E%3Ctext%20x%3D%2250%25%22%20y%3D%2250%25%22%20text-anchor%3D%22middle%22%20dominant-baseline%3D%22central%22%20fill%3D%22rgba(255%2C255%2C255%2C0.95)%22%20font-family%3D%22Georgia%2C%20'Times%20New%20Roman'%2C%20serif%22%20font-weight%3D%22700%22%20font-size%3D%22320%22%20letter-spacing%3D%22-0.02em%22%3EIran%3C%2Ftext%3E%3C%2Fsvg%3E)
Iran's parliamentary delegation has concluded intensive negotiations in Switzerland with US involvement, with mediators Qatar and Pakistan reporting encouraging progress and agreement on a 60-day roadmap toward a final deal.
%22%2F%3E%3C%2Fpattern%3E%3C%2Fdefs%3E%3Crect%20width%3D%22100%25%22%20height%3D%22100%25%22%20fill%3D%22url(%23ph1u3glg)%22%2F%3E%3Crect%20width%3D%22100%25%22%20height%3D%22100%25%22%20fill%3D%22url(%23ph1u3glp)%22%2F%3E%3Ctext%20x%3D%2250%25%22%20y%3D%2250%25%22%20text-anchor%3D%22middle%22%20dominant-baseline%3D%22central%22%20fill%3D%22rgba(255%2C255%2C255%2C0.95)%22%20font-family%3D%22Georgia%2C%20'Times%20New%20Roman'%2C%20serif%22%20font-weight%3D%22700%22%20font-size%3D%22320%22%20letter-spacing%3D%22-0.02em%22%3EIran%3C%2Ftext%3E%3C%2Fsvg%3E)
Iran and the United States have completed a draft agreement providing temporary relief from sanctions on Iranian oil shipments, negotiators said Sunday, as part of broader peace efforts under the Islamabad Memorandum.
Iran and the United States have formed specialised technical groups to negotiate a comprehensive peace agreement, with discussions beginning in Switzerland under the mediation of Pakistan and Qatar.
Iran has signalled that upcoming negotiations with the United States in Switzerland will prioritize enforcing core provisions of a memorandum, including ending regional conflicts, lifting oil sanctions, and unfreezing assets.
Delegations from Iran and the United States have wrapped up their opening negotiating session in Switzerland, with mediators from Qatar and Pakistan present. The talks aim to implement terms of a recently signed interim agreement.
An interim ceasefire between the United States and Iran has taken effect, allowing oil shipments to resume through the Strait of Hormuz. However, negotiations over Iran's nuclear programme and ongoing Israeli operations in Lebanon cast doubt on the agreement's durability.