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“Log in Oil prices have risen after US president Donald Trump denied he would ease sanctions on Iran in exchange for steps to rein in Tehran's nuclear programme.”

“Both Axios and CNN cited US officials as saying the Trump administration was preparing to offer sanctions relief in exchange for “concrete” steps to rein in Iran’s nuclear programme.”

“President Donald Trump initially said he spurned an Iranian proposal to reopen the strait in a week if the U.S. agreed to lift its blockade of Iranian ports, release frozen Iranian assets and waive sanctions on Iranian oil sales, among other conditions.”

“Trump announced on Friday that Russia had agreed to supply diesel to global markets, prompting his administration to temporarily suspend US sanctions meant to deny Moscow fuel revenue for its war in Ukraine.”

“The US president also announced a decision to unilaterally lift sanctions on Moscow so that it could supply the US and the global market with diesel.”

“The war presents the US with a dilemma, too: intervene and spend huge resources on a second front in the deeply unpopular war with Iran, or watch on and undermine the relationship with another ally in the region.”

“India has gradually reduced its dependence on Russian oil since the US threatened punitive sanctions earlier this year.”

“The Trump administration has rejected Tehran’s proposal for a seven-day deal focused first on reopening the Strait of Hormuz, in which the US would lift sanctions and unfreeze Iranian funds while nuclear talks were postponed.”

“…crude exports rise Oil prices edged lower today as rising Middle East crude exports and a release of oil stocks by the Group of Seven nations boosted supplies, offsetting concerns about further damage to Gulf oil infrastructure amid the US-Israeli war on…”

“In pictures: US carrier George HW Bush visits Thailand after six-month Middle East deployment Iran says Strait of Hormuz will not reopen until conditions are met, Nournews reports The Strait of Hormuz will not reopen until conditions set out in a June interim…”

“The official said Iran was still assessing the American side's willingness to resume stalled talks on its nuclear programme and the easing of sanctions.”

“Lifting the US naval blockade of Iranian ports, as well as waiving sanctions on oil sales, would allow Tehran to ship out more of its crude and help its economy as its currency hits record lows and inflation soars.”

“US passed hefty sanctions on Russia Zelenskyy met with U.S. senators and Congress members during his U.S. trip and said he thanked them for their bipartisan support in passing a powerful sanctions bill aimed at Moscow last month.”

“US and Indian top diplomats discuss Russia sanctions bill signed by Trump US secretary of state Marco Rubio and Indian foreign minister S Jaishankar discussed on Wednesday US measures that could be leveled against countries that engage economically with…”