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Iran

June 25, 2026

Tehran 5:47 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

Smoke rises from an area of Kuwait's international airport after a reported drone strike on April 1, 2026.

Analysis

Why Iran strikes on Kuwait pose dilemma for US Navy’s blockade

By striking Kuwait's main airport, the IRGC has attempted to flip the escalation script after US aircraft fired Hellfire missiles to disable commercial oil tankers accused of trying to outrun the US Navy’s blockade.

Jared Szuba

In Washington, DC, reporting on defense, national security, military

A general view shows the reactor building at the Bushehr nuclear power plant in southern Iran on Aug. 20, 2010.

Iran's covert nuclear risk higher after war as IAEA access constrained: Report

Iran is estimated to possess about 440.9 kilograms, approximately 972 pounds, of uranium enriched to 60% purity, just below the 90% level considered weapons-grade.

US Secretary of State Marco Rubio testifies during a House Committee on Foreign Affairs hearing in the Rayburn House Office Building on June 03, 2026, in Washington. The hearing was held to examine the State Department's budget request for fiscal year 2027.

After Gulf attacks, Rubio faces pushback on 'war is over' claim

Secretary of State Marco Rubio said the latest US strikes on Iran are "completely defensive."

Kuwaiti security officers stand beneath a screen displaying portraits of the Emir of Kuwait Sheikh Meshal al-Ahmad al-Jaber al-Sabah (R) and the Kuwaiti crown prince Sheikh Sabah al-Khaled al-Hamad al-Sabah, alongside the words "Pride and Glory", at Kuwait International Airport in Kuwait City on June 1, 2026, as the airport resumes operations following a phased reopening plan.

Kuwait blames Iran for deadly airport attack as war escalates: What to know

The attack on Kuwait’s main airport follows an alleged IRGC infiltration attempt of the strategic Bubiyan Island and Iran-backed plots targeting the Gulf monarchy.

A plume of smoke rises following an Israeli airstrike on the outskirts of Tyre, southern Lebanon, on June 1, 2026.

Analysis

Why Iran sees Lebanon as proof that its deterrence still works

Iran is characterizing any Israeli pause in strikes on Beirut as proof of its renewed influence and leverage in an episode that could also expose uncertain regional recalibration.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

People stand in front of the Arrow 3 shield system during an event of the German Air Force to declare the Initial Operating Capability for the Arrow Weapon System for Germany at the Annaburger Heide Air Base in Schoenewalde / Holzdorf, eastern Germany, on Dec. 3, 2025.

Record Israeli arms exports highlight global rush for air defense

Rocket and air defense systems sales accounted for 29% of Israel's defense exports in 2025.

WASHINGTON, DC - JUNE 02: U.S. Secretary of State Marco Rubio testifies during a Senate Foreign Relations Committee hearing in the Dirksen Senate Office Building on June 02, 2026 in Washington, DC. In his first public hearing since the start of the war in Iran, Rubio is testifying on the State Department’s FY2027 budget request. (Photo by Anna Moneymaker/Getty Images)

Rubio says Mojtaba Khamenei alive, ‘increasingly engaging’ with intermediaries

The top US diplomat said Iran’s uranium stockpile and enrichment levels are “highly technical matters” that could take months to resolve.