Iran offers discounted crude to India after US sanctions waiver, refiners weigh return
Iranian oil sellers are approaching Indian refiners with discounted crude after the United States temporarily eased sanctions on Tehran, according to industry sources cited in the supplied report. The outreach has reopened a narrow trade window for energy flows between Iran and India, but refiners are still weighing whether to buy. The discussions involve both the National Iranian Oil Company and intermediaries claiming to have been allocated oil by the Iranian state producer.Sources said NIOC is offering crude at $3 to $4 a barrel below comparable regional grades on a landed basis. Traders based in Singapore and Dubai are also... [Continue Reading]
360LiveNews | 26 Jun 2026 16:02 LONDON
Sponsored
Ukraine intensifies strikes on Russian logistics and communications in Crimea and near Moscow
Ukraine says it has stepped up attacks on Russian logistics and communications infrastructure in occupied Crimea and near Moscow, in a campaign it says is aimed at weakening supply lines and battlefield coordination. The latest reported strikes targeted oil supplies, power stations, weapons convoys and bridges, according to the supplied material. Ukrainian President Volodymyr Zelenskyy said Russia has concentrated air-defence systems around Moscow and the Kerch Bridge, leaving other areas less protected.The supplied material says Ukraine struck two Russian military satellite communications centres on June 22, including the Vladimir Space Communications Centre, which was said to have suffered critical damage... [Continue Reading]
360LiveNews | 26 Jun 2026 14:29 LONDON
IAEA chief presses for strict verification of Iran nuclear programme amid ceasefire talks
Rafael Grossi, the head of the International Atomic Energy Agency, has called for a very strong verification system and full access to monitor Iran's nuclear programme. He said certainty would require inspectors to be able to verify matters "everywhere" as soon as practicable, rather than relying on assurances about intent. His comments come as the United States and Iran continue talks linked to a preliminary ceasefire arrangement and a wider peace process.Grossi said the key objective of the preliminary agreement is to ensure Iran cannot develop nuclear weapons, while stressing that the agency does not judge intentions. He also said... [Continue Reading]
360LiveNews | 26 Jun 2026 12:29 LONDON
360LiveNews Noontime News: Russia claims huge drone intercepts as Asia stocks slide and Heathrow warns on traffic
Russia said it intercepted 660 Ukrainian drones overnight, one of the largest cross border attacks it has reported since the full scale war began, with damage also reported in the Tula region. 🔗In the Middle East, Saudi Aramco resumed crude loading at its Ras Tanura terminal on Saudi Arabia's Gulf coast after nearly four months of disruption, a sign that exports from the key facility are back under way. 🔗 The International Atomic Energy Agency's Rafael Grossi said Iran will need a very advanced verification system once the war ends to ensure its nuclear programme is properly monitored. 🔗North Korea... [Continue Reading]
360LiveNews Recap | 26 Jun 2026 12:03 LONDON
Sponsored
EU proposes extending temporary protection for Ukrainians while excluding new military-age men
The European Commission has proposed extending temporary protection for Ukrainians already living in the European Union until March 2028, while stopping the scheme from covering newly arriving military-age men. The move would affect the bloc's response to people fleeing Russia's war in Ukraine, which has continued for a fifth year. It would still allow those excluded from temporary protection to seek asylum under existing rules.The proposal was announced in Brussels by the EU's internal affairs chief, Magnus Brunner, who said the change follows a request from Kyiv. He said the plan means temporary protection should not be granted to newly... [Continue Reading]
360LiveNews | 26 Jun 2026 10:03 LONDON
360LiveNews Breakfast News: Venezuela quake toll climbs as Gulf tensions, storms and markets jolt the day
Venezuela is reeling after two major earthquakes struck the north and west of the country, with the death toll rising from 188 to at least 235 and more than 1,500 people injured as rescuers searched for survivors in collapsed buildings. Damage estimates are already running into the billions of dollars, adding to the scale of the disaster. 🔗 🔗Officials said the quakes near Caracas left nearly 190 people dead and thousands homeless, with emergency crews still racing to pull people from the rubble. The reports point to a widening humanitarian crisis as reconstruction costs mount and the full extent of... [Continue Reading]
360LiveNews Recap | 26 Jun 2026 08:18 LONDON
US Supreme Court lets Trump end protected status for Haitians and Syrians
The United States Supreme Court has allowed the Trump administration to end Temporary Protected Status for hundreds of thousands of Haitians and Syrians living legally in the country. The 6-3 ruling clears the way for the government to strip protections from about 350,000 people from Haiti and 6,100 from Syria, after lower courts had blocked the move. It is a significant development in a long-running dispute over immigration powers and the limits of judicial review.The court said migrants arriving at the border are not entitled to apply for asylum until they have set foot on US soil, handing the administration... [Continue Reading]
360LiveNews | 25 Jun 2026 22:00 LONDON
IRGC warns ships to use Tehran-designated routes in Strait of Hormuz dispute
Iran's Islamic Revolutionary Guard Corps has warned commercial vessels to use only routes through the Strait of Hormuz approved by Tehran, after Oman announced a new transit route through the strategic waterway. The warning has reopened a dispute over control of shipping lanes at a time when maritime traffic is only slowly resuming after weeks of disruption. It also adds fresh pressure to fragile talks between the United States and Iran over the future of the strait.According to the reported sequence of events, Oman said on Wednesday that it had coordinated the new route with the International Maritime Organization. The... [Continue Reading]
360LiveNews | 25 Jun 2026 15:59 LONDON
Sponsored
Oil prices fall further as Strait of Hormuz traffic resumes after US-Iran deal
Oil prices have fallen further as vessel traffic through the Strait of Hormuz continues to recover after a US-Iran memorandum of understanding signed on 17 June. Brent crude briefly dropped below $72.48 a barrel, returning to the level seen before the conflict began, before edging back up to $73.23. The move reflects a sharp easing in market fears over disruption to one of the world's most important energy shipping routes.The latest data cited by maritime intelligence firm Kpler suggests 284 vessels have crossed the strait since 18 June, the day after the deal was signed. That is still below the... [Continue Reading]
360LiveNews | 25 Jun 2026 14:32 LONDON
Iran, the US and Oman clash over control of Strait of Hormuz navigation
Iran, the United States and Oman are at odds over who will control navigation through the Strait of Hormuz, a vital maritime chokepoint linking the Gulf to the Arabian Sea. The dispute comes as peace talks aimed at ending the war continue to advance, adding a new layer of uncertainty to an already sensitive regional file. Conflicting statements on Wednesday raised questions over whether ships will move freely through the waterway or under a permit-based system.According to the reported statements, Iran and Oman said they intend to establish a joint mechanism to control navigation through permits. Oman also said it... [Continue Reading]
360LiveNews | 25 Jun 2026 06:00 LONDON
US-Iran talks intensify as Rubio rejects Hormuz tolls and Senate backs war powers measure
US Secretary of State Marco Rubio has said Iran will not be allowed to charge tolls or fees on vessels transiting the Strait of Hormuz under any final agreement with Washington. His comments sharpen one of the main disputes in the negotiations, which are taking place alongside a 60-day diplomatic process launched after a preliminary agreement in Switzerland. Iran has meanwhile said planned transit fees through the waterway will be suspended for 60 days while talks continue.The latest developments come as the US Senate passed a war powers measure pressing President Donald Trump either to halt the war in Iran... [Continue Reading]
360LiveNews | 24 Jun 2026 17:29 LONDON
Iran and US talks strain over Hormuz and inspections as Trump threatens to halt negotiations
Iranian and US officials remain divided over the terms of their framework deal, with the latest dispute centring on the Strait of Hormuz and nuclear inspections. The disagreement has sharpened as technical talks continue under a 60-day framework, even as both sides publicly claim progress. Iran's parliament speaker Mohammad Bagher Ghalibaf described the arrangement as a US defeat, while Washington has warned that the process could collapse if key assurances prove false.Ghalibaf told a parliamentary summit in Baku that the understanding was not the result of pressure, but of what he called Iranian resistance and authority. He said Washington and... [Continue Reading]
360LiveNews | 24 Jun 2026 15:59 LONDON
Sponsored
Wall Street Opens Lower as Tech, Energy and Commodities Sell Off, While Small Caps and Chips Buck the Slide
Executive summary: U.S. markets opened under pressure, with the S&P 500, Nasdaq and Dow all lower, while the Russell 2000 and SOXX managed gains. The sharpest moves were outside equities, where silver, gold, crude oil, platinum, palladium and bitcoin all fell hard, pointing to a broad risk-off tone and a possible unwind in crowded commodity and alternative-asset trades. [Continue Reading]
360LiveNews Markets Intelligence | 24 Jun 2026 14:45 LONDON
UN maritime agency begins evacuation plan for more than 11,000 sailors stranded in the Gulf
The United Nations maritime agency has begun putting into effect a plan to evacuate more than 11,000 sailors stranded in the Gulf after the blockade of the Strait of Hormuz. The operation is intended to allow hundreds of ships to move through the waterway in phases, after weeks of disruption to one of the world's most important shipping routes. The agency said it has started contacting vessels as part of the process.The International Maritime Organization said it had secured the safety guarantees needed for the operation and had verified conditions for safe navigation. Its secretary-general, Arsenio Dominguez, said the large-scale... [Continue Reading]
360LiveNews | 24 Jun 2026 07:30 LONDON
Oman opens temporary maritime corridor through the Strait of Hormuz
Oman has announced a temporary maritime corridor for vessels transiting the Strait of Hormuz, one of the world's most sensitive shipping routes. The measure was coordinated with the International Maritime Organization, according to the state news agency. It comes amid heightened concern over disruption in the strategic waterway.The corridor is intended for ships seeking to pass through the strait and will require coordination with the International Maritime Organization, using coordinates announced by the organisation and Omani authorities. Oman said the arrangement is designed to preserve freedom of navigation in line with international law and the law of the sea. Those... [Continue Reading]
360LiveNews | 24 Jun 2026 04:30 LONDON
Iran rejects US claim that nuclear inspectors will return amid 60-day talks roadmap
Iran has rejected a US claim that nuclear inspectors will soon be allowed back into the country, deepening a dispute over what was agreed in the first round of talks between the two sides in Switzerland. Tehran said it had made no new commitments on inspections, after Vice-President JD Vance said discussions with the International Atomic Energy Agency could happen as soon as Monday. The disagreement centres on access to nuclear sites damaged in last year's war with the United States and Israel.Iranian foreign ministry spokesman Esmaeil Baqaei said there was no plan to allow inspectors to visit the bombed... [Continue Reading]
360LiveNews | 23 Jun 2026 14:01 LONDON
Sponsored
US eases Iran oil sanctions for 60 days after nuclear inspection deal
The United States has temporarily eased sanctions on Iranian oil for 60 days after Iran agreed to allow international nuclear inspectors back into the country. The latest development was reported as talks continued in Switzerland, where the two sides were also said to have reached agreement on the release of $12bn in frozen Iranian funds. The move comes amid negotiations linked to the wider conflict, which the supplied material says is now on day 116.Iran's top negotiator, Mohammad Bagher Ghalibaf, said an agreement had been reached with the United States on the frozen funds after the Swiss talks. The reported... [Continue Reading]
360LiveNews | 23 Jun 2026 09:59 LONDON
Qatar gas plant blast leaves 13 dead, including 12 Indians, as investigation continues at Ras Laffan
Qatar has confirmed that 13 people were killed and 66 injured in an explosion at a gas processing facility in Ras Laffan Industrial City on Sunday night. The Indian Embassy in Doha said 12 of the dead were Indian nationals, while Qatari officials said the incident was caused by a technical malfunction during operations. Authorities said the injured are stable and receiving medical treatment.Energy Minister Saad bin Sherida Al Kaabi said the blast was an accident and not sabotage or hostile in nature. He said none of the injured were in life-threatening condition, and the fire caused by the explosion... [Continue Reading]
360LiveNews | 23 Jun 2026 01:02 LONDON
Canada inflation jumps to 29-month high as oil prices rise
Canada's annual inflation rate rose to 3.2% in May, reaching a 29-month high and moving outside the Bank of Canada's 1% to 3% target range for the first time in nearly two and a half years. The increase was driven in large part by petrol prices, which climbed 33.2% year on year, according to Statistics Canada. The data were released on Monday and point to a sharp rise in living costs at a time when energy markets have been unsettled by tensions involving Iran.The monthly inflation rate also increased by 1% in May, the strongest monthly gain in 15 months.... [Continue Reading]
360LiveNews | 22 Jun 2026 18:00 LONDON
Three India-flagged oil tankers transit Strait of Hormuz safely
Three India-flagged crude oil tankers have safely crossed the Strait of Hormuz and are now en route to India, according to well-placed sources in the Ministry of Shipping, Ports and Waterways. The vessels are the Desh Vaibhav, Desh Vibhor and Sanmar Herald. Together, they are carrying more than 8.6 lakh metric tons of cargo and have 94 Indian crew members on board.The ministry sources said the Desh Vaibhav is expected to arrive in Vadinar on June 24 with 37 Indian seafarers and 2,86,572 metric tons of crude oil. The Desh Vibhor, carrying 2,88,893 metric tons and 27 Indian crew members,... [Continue Reading]
360LiveNews | 20 Jun 2026 17:03 LONDON
Sponsored
United States and Iran sign 14-point truce memorandum as nuclear terms remain unresolved
The United States and Iran have signed an initial 14-point memorandum of understanding that sets out a ceasefire window and leaves the nuclear question as the main unresolved issue. The document was signed this week and is described as an initial peace agreement rather than a final settlement. It gives both sides 60 days to negotiate the remaining details, with the possibility of extending that period by another 60 days if no deal is reached.According to the row, the memorandum includes guarantees that Tehran will never obtain nuclear weapons, the suspension of US sanctions against Iran, and financial compensation for... [Continue Reading]
360LiveNews | 20 Jun 2026 08:30 LONDON
Oil prices ease after Middle East peace deal as Strait of Hormuz disruption lingers
Oil prices have fallen after a shaky peace deal was announced in the Middle East, easing some of the immediate pressure on consumers and markets. The move comes after months of disruption linked to the blockade of the Strait of Hormuz, one of the world's most important energy shipping routes. Shipping is expected to resume only gradually, and the effects of the disruption are still being felt across fuel and utility costs.At the start of this year, oil was priced at about $60 per barrel, before the outbreak of war pushed it to $118 on 31 March. Since mid-May, repeated... [Continue Reading]
360LiveNews | 20 Jun 2026 07:29 LONDON
