Korean Talks
Image default
Finanace

Iran sends proposal for negotiations with US to mediator Pakistan

WASHINGTON/DUBAI — Tehran has sent its latest proposal for negotiations with the United States to Pakistani mediators, Iranian state news agency IRNA said on Friday, a move that could improve prospects for breaking an impasse in efforts to end the Iran war. IRNA gave no details but global oil prices, which have risen sharply since Iran started a blockade of the Strait of Hormuz, dropped after its report. The blockade of the vital sea channel has choked off 20 percent of the world’s oil and gas supplies, and the U.S. Navy is blocking exports of Iranian crude oil. This has pushed up energy prices and increased concerns that there will be an economic downturn. It was not immediately clear whether the Iranian proposal had been passed on to Washington yet. A ceasefire has been in place since April 8 but reports that U.S. President Donald Trump was to be briefed on plans for new military strikes to compel Iran to negotiate had pushed global oil prices up to a four-year high at one point on Thursday. Iran has activated air defences and plans a wide response if attacked, having assessed that th

Related posts

US hosts finance ministerial talks with S. Korea, Japan, others on critical mineral supply chains

Claire R. Peck

Russia’s deputy FM warns of ‘retaliatory measures’ in event of Seoul arms aid to Kiev

Claire R. Peck

US, Iran hold hours of nuclear talks as more American forces deploy to Mideast

Claire R. Peck