
Japan’s crude oil tanker “Idemitsu Maru,” that passed through the Strait of Hormuz in April, arrives at waters off Chita, central Japan, Monday, May 25, 2026. (Kyodo News via AP)
US-Iran Israel War News LIVE: The Lebanese and Israeli military officials are set to hold their first-ever security talks on Friday in Washington, DC, the Associated Press reported. Earlier, over a post on social media, Lebanese Prime Minister Nawaf Salam declared “nothing can justify” Israel’s continued “assaults” on southern Lebanon. He said the attacks “only strengthens our resolve for the necessity of an immediate ceasefire, working toward a complete Israeli withdrawal from our land, and extending the State’s authority over all its territories”.
Meanwhile, oil futures plummeted slightly early Friday amid hopes that the US and Iran can reach an agreement to extend the fragile ceasefire. According to Oilprice.com, Brent crude dropped by 0.77 per cent to $92.94 per barrel, while US West Texas Intermediate (WTI) crude fell to $87.90 per barrel – a drop by one percent, as of 8:32 am on Friday. The slight price drop comes after US Vice President JD Vance’s remarks that while the two countries are getting closer, they have not yet reached a deal.
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Meanwhile, the United States Department of State Friday announced new sanctions against entities, individuals, and vessels that fund the Iranian military and the Islamic Revolutionary Guard Corps (IRGC) against Operation Epic Fury, spokesperson Tommy Pigott shared over a post on X. Moreover, the Treasury Department has sanctioned Hong Kong-based entities for overseeing a multibillion-dollar Iranian oil sales network, Al Jazeera reported quoting the State Department.
Iran’s Tasnim news agency Friday denied US media reports that the text of a potential memorandum of understanding between Iran and the United States has been finalised. The report added that Tehran has not informed the Pakistani mediator that the text was complete and would notify both the mediator and the public once finalized. Earlier, it was reported that Washington and Tehran had reportedly reached a tentative 60-day MoU aimed at extending the fragile ceasefire and opening formal talks on Iran’s nuclear programme.
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