US-Israel-Iran War Latest News: The diplomatic standoff between the United States and Iran has intensified after Tehran announced it will no longer implement the memorandum of understanding (MoU) signed with Washington last month, accusing the US of violating its commitments. The latest developments come as tensions in the Gulf continue to escalate, with a tanker struck near the Strait of Hormuz and oil prices climbing to their highest levels in weeks.
The comments were made by Iranian Foreign Ministry spokesperson Esmail Baghaei, while maritime updates were issued by the UK Maritime Trade Operations (UKMTO). Market data and analysis were reported by international financial institutions and global media.
US-Israel-Iran War Latest News: Iran Rejects US Memorandum
Iranian Foreign Ministry spokesperson Esmail Baghaei said Tehran would not implement the memorandum of understanding signed with the United States because Washington had failed to honor its commitments. “The other side not only failed to implement it, but violated it and acted contrary to both its text and its spirit,” Baghaei told reporters on Monday. He added that since the United States had breached the reciprocal commitments contained in the agreement, implementing the memorandum had become “practically impossible” for Iran.
Baghaei further said the document had been designed to safeguard Iran’s interests, but its future was now effectively uncertain following Washington’s actions.
US-Israel-Iran War Latest News: Iran Leaves Door Open for Future Talks
Despite the collapse of the agreement, Baghaei suggested diplomacy has not been ruled out entirely. Responding to questions about possible future negotiations, he said talks could still take place if they served Iran’s national interests. His remarks came after Iran’s Supreme Leader Mojtaba Khamenei described US President Donald Trump’s signature as “worthless and unreliable.”
Baghaei also revealed that mediators have continued sending proposals to Tehran despite the ongoing hostilities, although he declined to disclose details. He confirmed that Qatar and Pakistan have been acting as intermediaries between Tehran and Washington.
US-Israel-Iran War Latest News: Oil Prices Jump Amid Escalating Conflict
Global energy markets reacted sharply to the worsening security situation in the Gulf. Brent crude briefly climbed above $90 per barrel for the first time in more than a month before easing to around $88.94, while US benchmark West Texas Intermediate (WTI) traded near $82.26 per barrel.
Brent crude has gained nearly 16% over the past week, marking its strongest weekly rally since April, while European natural gas prices also recorded their highest close since March, according to Deutsche Bank. Analysts say investors are increasingly concerned that prolonged military action could disrupt one of the world’s most critical energy shipping routes.
US-Israel-Iran War Latest News: Tanker Struck Near Strait of Hormuz
The UK Maritime Trade Operations (UKMTO) said a commercial vessel caught fire after being struck by an unknown projectile near the coast of Oman, approximately eight nautical miles northwest of Kumzar, close to the Strait of Hormuz.
According to UKMTO, the crew safely abandoned the vessel and were rescued by a tugboat. The vessel remains adrift, and authorities said no environmental damage has been reported so far. Separately, Iran’s Revolutionary Guards claimed that two “non-compliant” tankers had been stopped in the area, according to state news agency IRNA. However, the claim has not been independently verified.
(The information is based on inputs from agencies)
