Business, markets and economy news from Malaysia.
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.
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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.
Prime Minister Datuk Seri Anwar Ibrahim has expressed optimism about reports of an initial breakthrough between the United States and Iran, characterising the development as encouraging news for international stability and world peace.
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Iran and the United States have formally finalised a 14-point memorandum of understanding aimed at ending their conflict, following signatures from both countries' presidents. The agreement prioritises nuclear negotiations and sanctions relief over a 60-day period.