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Iran

June 25, 2026

Tehran 12:28 am

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Oil falls below $74 as Hormuz traffic recovers after Iran war

Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close.

Mandel NGAN / AFP via Getty Images

Trump insists no Hormuz tolls as Iran, US make conflicting claims

Iran has said it wants to charge "maritime service fees" in the Strait of Hormuz.

An Iranian man rides his motorbike past a billboard on May 28, 2026.

Analysis

Why Iran's generals are intensifying anti-US rhetoric amid negotiations

Leading figures within Iran's military and security establishment have framed the memorandum with Washington not as an end point but as a conditional arrangement tied to battlefield realities.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

Latest News

Explainer

Hormuz tolls, frozen funds pose early tests for US-Iran peace progress

AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images

Iran's Ghalibaf holds talks in Oman on Strait of Hormuz: What to know

Speaker of the parliament of Iran, Mohammad Bagher Ghalibaf (R), arrives at the Burgenstock resort in Obbuergen, near Lucerne, Switzerland, on June 21, 2026.

Elizabeth Hagedorn

Diplomatic Correspondent

In Washington, DC, reporting on diplomacy, regional politics, human rights

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

A correspondent in Tehran

In Tehran, reporting on politics

Benjamin Houghton

In Durham, reporting on China in the Middle East

Rahim Rahimov

In Baku, reporting on Middle East-Caucasus ties

Mehrnaz Samimi

In Washington, DC, reporting on Iranian culture

An Iranian woman walks past a mural depicting late Iranian supreme leaders Ayatollah Ali Khamenei (L) and Ayatollah Ruhollah Khomeini (R) in Tehran on June 18, 2026.

Analysis

How Lebanon, Hormuz and nuclear tensions are testing fragile US-Iran deal

The heated debate in Tehran revolves around whether the agreement can absorb external shocks without collapsing into renewed confrontation — or whether it is structurally closer to a managed pause in a continuing cycle of escalation.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

US President Donald Trump holds a press conference with Israeli Prime Minister Benjamin Netanyahu in Palm Beach, Florida, Dec. 29, 2025.

Analysis

How Netanyahu used Lebanon strikes to push back on Trump’s Iran deal

The latest ceasefire in Lebanon leaves Netanyahu squeezed between Washington and domestic pressure.

In Tel Aviv, reporting on national security, Israeli politics, defense

US President Donald Trump arrives for the G7 Leaders' Summit at the Hotel Royal, Evian Resort on June 15, 2026 in Evian-les-Bains, France.

Feature

Trump’s Iran deal sidesteps fate of detained Americans

The White House declined to say whether the release of the six Americans would be included in a final deal.

Elizabeth Hagedorn

By Elizabeth Hagedorn

In Washington, DC, reporting on diplomacy, regional politics, human rights

Achraf Hakimi #2 of Morocco shoots and misses a chance against Gabriel Magalhaes #3 of Brazil during the FIFA World Cup 2026 Group C match between Brazil and Morocco at New York New Jersey Stadium on June 13, 2026 in East Rutherford, New Jersey.

Culture

Morocco, Egypt impress with notable draws despite winless World Cup start for Mideast teams

Several teams from the Middle East and North Africa could advance to the knockout stage under the new format, and Morocco climbed in the rankings despite a tie in its opener.

Explainer

Sanctions relief and reconstruction: How China benefits from Trump-Iran deal

It is no exaggeration to say that every provision of the 14-point deal favors China.

A shop owner counts Iranian banknotes at a store in the capital Tehran on Jan. 7, 2026.

How Iran stands to win major financial relief in Trump-backed deal

Iran will receive some upfront sanctions relief despite the Trump administration's pledge of “no dust, no dollars.”

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on Feb. 9, 2026.

Explainer

Oil’s slide wavers as Trump warns US-Iran deal ‘not final’

Brent crude prices briefly jumped back above $80 per barrel on Wednesday as traders digested conflicting signals about efforts to end the war and reopen Hormuz.

Iran's parliament speaker Mohammad Bagher Ghalibaf speaks with Tehran's Chamber of Commerce, June 17, 2026.

After US-Iran deal, Ghalibaf says Tehran seeks deeper ties with China

“China must believe and will believe that we are not just a customer or a trading partner, but a partner in every sense,” Ghalibaf said.

Trump

Read the full 14-point US-Iran deal

The US will issue waivers for Iranian oil sales upon the deal's signing, and Iran will have access to its frozen funds upon implementation.

US President Donald Trump arrives to attend a musical interlude before a gala dinner as part of the G7 summit, in Evian, eastern France, on June 16, 2026.

Trump says deal 'not final,' warns Iran to 'behave' or face renewed strikes

President Donald Trump threatened to "go back to shooting" if he doesn't like the deal.