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US targets Iran with fresh sanctions ahead of next nuclear talks

U.S. Secretary of State Marco Rubio said in a separate statement that the action targeted four sellers and one buyer of Iranian petrochemicals worth hundreds of millions of dollars.

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The United States on Wednesday imposed sanctions on entities it accused of being involved in the illicit trade of Iranian petroleum and petrochemicals ahead of a new round of U.S.-Iran negotiations on Saturday, as Washington seeks to ramp up pressure on Tehran, Reuters reported.

The U.S. State Department said in a statement it was imposing sanctions on seven entities based in the United Arab Emirates, Turkey and Iran that it accused of trading Iranian petroleum and petrochemical products. Two vessels were also targeted.

U.S. Secretary of State Marco Rubio said in a separate statement that the action targeted four sellers and one buyer of Iranian petrochemicals worth hundreds of millions of dollars.

Wednesday’s action is the latest move targeting Tehran since Trump restored his “maximum pressure” campaign on Iran, which includes efforts to drive its oil exports to zero and help prevent Tehran from developing a nuclear weapon.

“The President is committed to driving Iran’s illicit oil and petrochemical exports – including exports to China – to zero under his maximum pressure campaign,” Rubio said.

Iran’s mission to the United Nations in New York did not immediately respond to a request for comment, read the report.

The action comes as the United States has relaunched talks with Iran over its nuclear program. U.S. and Iranian negotiators will reconvene in Rome on Saturday.

In his first 2017-2021 term, Trump withdrew the U.S. from a 2015 deal between Iran and world powers that placed strict limits on Tehran’s uranium enrichment activities in exchange for sanctions relief. Trump also reimposed sweeping U.S. sanctions.

Since then, Iran has far surpassed that deal’s limits on uranium enrichment, Reuters reported.

Western powers accuse Iran of having a clandestine agenda to develop nuclear weapons capability by enriching uranium to a high level of fissile purity, above what they say is justifiable for a civilian atomic energy program. Tehran says its nuclear program is wholly for civilian power purposes.

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Fourteen Pakistani police officers killed in KP car bombing and shootout

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The death toll from a suicide attack on a security post in northwest Pakistan rose to 14 police officers, authorities said early Sunday.

A suicide bomber and several gunmen detonated an explosives-laden vehicle near the post in Bannu, a district in Khyber Pakhtunkhwa province, late Saturday, said senior police official Sajjad Khan. The attack triggered an intense shootout, and some officers were killed in the exchange, while others died later after the building collapsed, the Associated Press reported.

Rescuers conducted an hourslong search operation using heavy machinery to retrieve bodies from under the rubble, Khan said, adding that three police officers were wounded in the attack.

Security forces have also launched an operation to track down the perpetrators.

A newly formed militant group, Ittehad-ul-Mujahideen Pakistan, claimed responsibility for the attack.

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UAE countering Iranian air attack after Trump says ceasefire still in effect

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U.S. ally ​the United Arab Emirates said its air defences were engaging missile and drone threats from Iran early on Friday in a further ‌test of the shaky, month-long ceasefire between the U.S. and Iran.

There were few details immediately available about the latest attack on the UAE, which came a day after the U.S. and Iran exchanged fire around the Strait of Hormuz, and as Washington awaited a response from Tehran to its proposal to end the conflict. Iran has often targeted the UAE and other Gulf countries that ​host U.S. bases since the war began on February 28, Reuters reported.

President Donald Trump said on Thursday three U.S. Navy destroyers were attacked as they ​moved through the strait, a conduit for around a fifth of the world’s oil and liquefied natural gas flows that Iran has ⁠all but closed since the conflict started.

“Three World Class American Destroyers just transited, very successfully, out of the Strait of Hormuz, under fire. There was no damage ​done to the three Destroyers, but great damage done to the Iranian attackers,” Trump wrote on Truth Social.

Trump later told reporters the ceasefire was still in effect and ​sought to play down the exchange.

“They trifled with us today. We blew them away,” Trump said in Washington.

Iran’s top joint military command accused the U.S. of violating the ceasefire by targeting an Iranian oil tanker and another ship, and of carrying out air attacks on civilian areas on Qeshm Island in the Strait of Hormuz and the nearby coastal areas of Bandar ​Khamir and Sirik on the mainland. The military said it responded by attacking U.S. military vessels east of the strait and south of the port of Chabahar.

A ​spokesperson for Iran’s Khatam al-Anbiya Central Headquarters said the Iranian strikes inflicted “significant damage,” but U.S. Central Command said none of its assets were hit.

Iran’s Press TV later reported that, following ‌several hours ⁠of fire, “the situation on Iranian islands and coastal cities by the Strait of Hormuz is back to normal now.”

The two sides have occasionally exchanged gunfire since the ceasefire took effect on April 7, with Iran hitting targets in Gulf countries including the UAE.

Oil prices rose in early trade in Asia on Friday, with Brent crude jumping above $100 a barrel after the latest clashes between the U.S. and Iran.

TRUMP URGES NEGOTIATED END TO WAR

Trump suggested ongoing talks with Tehran remained on track despite Thursday’s ​hostilities, telling reporters, “We’re negotiating with the ​Iranians.”

Before the latest strikes, the U.S. ⁠had floated a proposal that would formally end the conflict but did not address key U.S. demands that Iran suspend its nuclear work and reopen the strait.

Tehran said it had not yet reached a decision on the emerging plan.

Even so, Trump said Tehran had ​acknowledged his demand that Iran could never get a nuclear weapon, a prohibition he said was spelled out in the ​U.S. proposal.

“There’s zero chance. ⁠And they know that, and they’ve agreed to that. Let’s see if they are willing to sign it,” Trump said.

Asked when any deal might be reached, Trump said, “It might not happen, but it could happen any day. I believe they want to deal more than I do.”

The war has tested Trump’s relationship with his U.S. base of ⁠supporters, after he ​had campaigned against involving the United States in foreign wars and promised to bring down fuel ​prices.

Average U.S. gasoline prices have climbed more than 40% since late February, rising by about $1.20 a gallon to more than $4, according to data from the American Automobile Association, as disruptions to oil shipments ​through the Strait of Hormuz pushed crude oil prices higher.

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US and Iran closing in on one-page memo to end war, Axios reports

The U.S. State Department and White House did not immediately respond to a request for comment.

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The White House believes it is getting ‌close to an agreement with Iran on a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations, Axios reported on Wednesday, citing two U.S. officials and two ​other sources briefed on the issue.

The U.S. expects Iranian responses on several key ​points in the next 48 hours, according to the report which cautioned ⁠that nothing has been agreed yet but said this was the closest the parties ​had been to an agreement since the war began, Reuters reported.

Among other provisions, the deal would involve ​Iran committing to a moratorium on nuclear enrichment, the U.S. agreeing to lift its sanctions and release billions in frozen Iranian funds, and both sides lifting restrictions around transit through the Strait of Hormuz, ​Axios said.

The one-page, 14-point memorandum of understanding is being negotiated between U.S. envoys Steve ​Witkoff and Jared Kushner and several Iranian officials, both directly and through mediators, the report said.

In its ‌current ⁠form, the memorandum would declare an end to the war in the region and the start of a 30-day period of negotiations on a detailed agreement to open the strait, limit Iran’s nuclear programme and lift U.S. sanctions, Axios added.

Iran’s restrictions on shipping through ​the strait and the ​U.S. naval blockade ⁠would be gradually lifted during that 30-day period, Axios said, citing one U.S. official who added that if the negotiations collapse, U.S. ​forces would be able to restore the blockade or resume military ​action, read the report.

Iran said ⁠earlier on Wednesday it would accept a peace deal only if it was “fair”, after U.S. President Donald Trump paused a three-day-old naval mission tasked with reopening the Strait of Hormuz that had ⁠shaken the ​war’s month-old ceasefire.

Reuters could not immediately verify the ​report. The U.S. State Department and White House did not immediately respond to a request for comment.

U.S. stock index ​futures extended gains following the Axios report.

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