Iran offers new proposal amid stalled US peace talks
- On April 13, the U.S. initiated a blockade that stranded Iranian oil tankers, forcing Iran to consider dramatic production cuts within two weeks due to limited storage capacity.
- During his first term, President Donald Trump hiked sanctions as part of a 'maximum pressure' campaign, though the effort failed to secure a nuclear deal with Tehran.
- Wood Mackenzie analysts estimate Iran will exhaust storage capacity in three weeks, with Alexandre Araman writing that 'if the blockade persists, cuts become inevitable.'
- On Monday, Oil Minister Mohsen Paknejad praised terminal staff for their 'continuous perseverance,' while U.S. Treasury Secretary Scott Bessent claimed on X the blockade is collapsing the industry.
- Miad Maleki, a former U.S. Treasury sanctions expert, warned that shutting down oil wells could cause irreversible damage and trigger new unrest among workers if operations halt.
197 Articles
197 Articles
Iran’s Ceasefire Presses Oil Down as Wall Street Starts May in Historical Recordings · Global Voices
Although Iran presented a new negotiating proposal to the United States yesterday, Donald Trump is not satisfied and, for now, the talks to end the conflict are still stalled.The news of last May 1 caused the price of oil to fall by 6.5% to the 106 dollars from the 114 dollars with which it closed on Thursday. Finally the barrel closed the day at 108.17 dollars, 2% less if compared to the data day before.The oil reaches up to 126 dollars Once th…
Iran submits latest negotiation proposal to Pakistani mediator
TEHRAN- Iran has submitted a new negotiation proposal to Pakistan, the mediator in its talks with the United States, aimed at ending the war. The proposal was delivered on the evening of April 30.
Iran submitted a new proposal for a negotiating framework to Pakistan earlier today.
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