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Iran

June 25, 2026

Tehran 2:19 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

Aluminum from Dubai sits in the BMW Landshut factory on Oct. 25, 2024 in Ergolding, Germany.

Analysis

Gulf aluminum pursues global deals as Hormuz crisis accelerates shift

Gulf aluminum exporters are targeting global deals amid fallout from the US-Israel-Iran war, which has pushed prices to multiyear highs in early June.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Motorists ride past a giant banner depicting Iranian missiles and a sword belonging to Imam Ali, the first Imam of the Shiites, at the Vanak Square in Tehran on June 10, 2026.

Analysis

How Iran is framing deal with US amid competing narratives

Amid growing speculation about details and technicalities of a US-Iran deal, Washington and Tehran are painting different pictures, exposing a gap between public messaging and diplomatic reality.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

Punit PARANJPE / AFP via Getty Images

US strikes on Indian-crewed tankers spark tensions with New Delhi

India summoned the US deputy chief of mission in Delhi on Friday to protest American strikes on commercial vessels off the coast of Oman.

US President Donald Trump talks with Israeli Prime Minister Benjamin Netanyahu in the Knesset, Jerusalem, Oct. 13, 2025.

Analysis

'A complete disaster': Israel scrambles for clarity as Trump touts emerging Iran deal

Prime Minister Benjamin Netanyahu relayed Israel’s red lines to Trump, but given the current rift between the two leaders, the demands may be little more than a wish list.

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

TOPSHOT - People cross the street past a large billboard showing portraits of Iran's late supreme leader, Ayatollah Ruhollah Khomeini (L) and slain supreme leader Ayatollah Ali Khamenei (R) in central Tehran on June 8, 2026. Iran said on June 8 that the resumption of hostilities in the Middle East war will have consequences for ongoing talks with the United States to reach peace in the region. "It is perfectly natural that the diplomatic process initiated to put an end to this imposed war would be affected,

Iran-US draft deal would release $24B in funds, ensure Lebanon ceasefire: Iranian media

The draft circulating in Iranian state media, which Trump denied on Friday, would grant Tehran sanctions relief and access to billions in frozen funds while limiting final talks to nuclear issues and excluding its missile program and proxies.

Members of the Iranian national soccer team including midfielder Alireza Jahanbakhsh (R) arrive at Tijuana International Airport on June 7, 2026, in Tijuana, Mexico.

Culture

World Cup opens amid visa disputes for Iran, Iraq and Somalia

Iran says a number of team staff were denied entry into the US, with Trump administration officials touting efforts to prevent affiliates of designated terrorist groups from entering.

Chip Somodevilla/Getty Images

Bessent says Iran's frozen assets will pay for Gulf damage, Hormuz tolls

US Treasury Secretary Scott Bessent said that any damage Iran inflicts on Gulf allies will be paid for with funds extracted from Iranian accounts.

Scott Olson/Getty Images

Explainer

US strategic oil stockpile nears four-decade low as Iran war drags on

The US Strategic Petroleum Reserve fell to 349.2 million barrels amid the global energy shock caused by the war in Iran.

President Donald Trump speaks to the press before boarding Air Force One prior to departure from John F. Kennedy International Airport, in New York, on June 9, 2026.

Trump weighs releasing billions to Iran after blasting past payments

As mediators scramble to broker a peace deal, a key hurdle remains the release of Iranian assets frozen under US sanctions.

Samuel Corum/Getty Images

Trump vows continued ‘very hard’ strikes on Iran as negotiators leave Qatar

The US president's latest threats came just hours after Qatari mediators wrapped up talks early Thursday morning in pursuit of a final draft agreement to end the war.