Crude oil prices slide after Iranian and US negotiators discuss opening Strait of Hormuz
Key Points:
- Iraq has suspended flights from all Iranian airlines at its airports, including Erbil, Sulaimaniya, and others, complying with U.S. sanctions amid threats of secondary penalties from the U.S. Treasury Department.
- President Donald Trump warned Chinese President Xi Jinping that any aid from China to Iran during the ongoing conflict is unacceptable, emphasizing U.S. concerns over alleged Chinese support to Iran's military efforts.
- Iran has proposed to the U.S. a plan to begin talks within seven days to reopen the Strait of Hormuz, seeking concessions under the Islamabad Memorandum, which includes easing sanctions and lifting the U.S. naval blockade.
- During anti-Israel protests in New York coinciding with the U.N. General Assembly, 103 people, including Democratic politicians and activists, were arrested for disorderly conduct but later released with summons.
- Iranian President Masoud Pezeshkian denied reports that China provided satellite imagery to aid Iran’s military strikes, countering U.S. Republican lawmakers' claims of Chinese intelligence support to Iran.