US President Donald Trump said he has not offered Iran any sanctions relief, but Iran says it is ready to talk. Tehran says only diplomacy can end fighting.
Iranian President Masoud Pezeshkian said Iran is not seeking war but will defend itself against pressure, threats and attacks. He spoke after US denied reports that it offered to release $7bn frozen funds.
Read more - US-Iran Tensions Deepens in Strait of Hormuz
Trump, who pulled out of JCPOA in 2018, now says Iran must stop uranium enrichment to 60%. Iran says enrichment is for civilian use, but IAEA says stockpile near weapons grade.
For India, this matters directly. India imports 12% oil from Iran via indirect routes, and Chabahar port project is stuck due to sanctions. If US-Iran talks fail, oil may cross $100, hitting Indian inflation. Strait of Hormuz carries 20% global oil.
Read more - Hormuz on Hold
US forces set to exit Iraq after 2 decades, reducing leverage in region. Israel kills senior Hamas commander in Gaza, adding tension. Iran's currency Rial hit a new low, 60,000 to dollar.
Tags: #Iran #Trump #Sanctions #Pezeshkian #NuclearDeal #StraitOfHormuz #Indialran #OilPrices #MiddleEast #JCPOA