Iran discovers an estimated 212.4 billion cubic meters of natural gas in a field in southern Fars Province, Oil Minister Mohsen Paknejad announces.
About 161 billion cubic meters is considered recoverable, equivalent to roughly 15 years of output from one phase of the giant South Pars gas field.
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About 161 billion cubic meters is considered recoverable, equivalent to roughly 15 years of output from one phase of the giant South Pars gas field.
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🇺🇸 Peter Schiff, leading American economist:
Trump's unprecedented economic sanctions on Iran not only won't work, but they'll backfire. Other nations will violate the restrictions and Trump won't be able to follow through with his retaliatory sanctions. Plus, the dollar will weaken and food and energy prices will rise.
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🚨 Ontario Premier Doug Ford warns Canada must retaliate against the U.S. if Trump escalates the trade war, with everything on the table.
Ford calls for targeting deep-red states and says Americans are already feeling the impact of Trump’s tariffs.
Ford calls for targeting deep-red states and says Americans are already feeling the impact of Trump’s tariffs.
🇮🇷🇴🇲 Iran's Deputy Foreign Minister Kazem Gharibabadi stated Wednesday that Iran and Oman agreed on a temporary ship route through the Strait of Hormuz. Ships will enter via Iranian territorial waters, and part of the exit route will also pass through Iranian waters.
🇮🇷 Iranian Parliament Speaker Ghalibaf says the U.S. must meet Iran’s conditions under the MoU, rejecting Washington’s planned economic blockade as another hostile move doomed to fail.
🇮🇷 Mohsen Rezai, Iran’s Secretary of the Supreme National Security Council: If the United States commits aggression against Iran, we will inflict a historic disaster on their military and economic interests.
🇮🇷🇺🇸 Iran accuses the United States of committing a crime against humanity through its economic sanctions and by weaponizing the dollar to pressure other countries.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf rebuked U.S. Treasury Secretary Scott Bessent for claiming the U.S. facilitated 130 million barrels of oil transit through the Strait of Hormuz in 14 days. Ghalibaf countered by citing U.S. war expenditures over $130 billion and Jane Street’s oil futures losses exceeding $130 million.
He also noted bond yield volatility. This exchange highlights an ongoing dispute over the Strait of Hormuz.
He also noted bond yield volatility. This exchange highlights an ongoing dispute over the Strait of Hormuz.
Iran President Masoud Pezeshkian says Tehran does not seek war but will respond decisively to any aggression.
"We do not seek war, but in the face of aggression, we will act decisively."
After the first day of the SCO summit in Kyrgyzstan, Iranian Foreign Minister Abbas Araghchi outlines Tehran’s conditions for ending the war.
The United States must return to its commitments and to the very agreement its president signed. In that case, everything can be set on the right track. Only then can we get out of this situation, as all countries are concerned with ending the war as quickly as possible.
IRGC spokesperson Hossein Mohebbi asserts that the United States has experienced a historic defeat in its confrontation with Iran, noting that US military technology has demonstrated vulnerabilities and that Iran possesses undisclosed strategic weapons.
Iran’s Foreign Ministry spokesman, Esmail Baghaei, compares the US to Adolf Hitler, accusing Washington of starting the conflict that led to the closure of the Strait of Hormuz and the disruption of commercial shipping.
Baghaei rejects US claims that Iran is responsible for rising fuel prices, blaming Washington for the crisis.
Baghaei rejects US claims that Iran is responsible for rising fuel prices, blaming Washington for the crisis.
Iran’s IRGC says its navy seized a U.S. Remus-600 underwater drone in the Strait of Hormuz, alleging it was conducting an espionage mission.