A deadly explosion has struck Iran’s Bushehr province, killing at least three and injuring ten. The blast occurred when a methanol reservoir caught fire at the Bandar Dayyer port, owned by Kaveh Petrochemicals. The cause of the fire remains unknown, but officials fear the death toll may rise. This is Iran’s second major industrial explosion in recent months, following the April blast in Bandar Abbas that killed 57. The string of incidents is raising serious concerns over Iran’s chemical storage safety and its critical trade infrastructure near the Strait of Hormuz.
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Iran has firmly rejected U.S. demands to end uranium enrichment, calling its peaceful nuclear program a ‘non-negotiable’ right. As talks mediated by Oman remain stalled, Supreme Leader Khamenei and President Pezeshkian vow not to bow to pressure or threats of sanctions. Iran warns that denying its nuclear rights will derail diplomacy. Dismissing Trump’s threats of “maximum pressure,” Tehran insists its national security and economic resilience will not be compromised, asserting it has alternatives and intellectual capital to sustain independence.
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Just hours before the fifth round of high-stakes nuclear negotiations, Iran has issued a stark warning—threatening to walk away from any potential deal with the United States. Citing "mistrust" and "unacceptable conditions," Iranian officials appear to have shot down Washington’s latest nuclear offer, dramatically raising tensions ahead of the talks.
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Iran reiterates is commitment to the nuclear program despite renewed pressure from the United States. President Pezeshkian denounced Trump’s threats as “coercion and warmongering,” affirming that Tehran will continue uranium enrichment regardless of any deal. Iran’s foreign minister reiterated its rights under the NPT and accused Washington of double standards and destabilizing the region through sanctions and military pressure. Amid stalled negotiations, Iran warns of a potential energy crisis if tensions escalate in the Persian Gulf, highlighting the risks of U.S. strategy in the Middle East.
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Tehran and European parties to the 2015 nuclear deal—Germany, the UK, and France—will meet in Istanbul on May 16 to discuss the Iran nuclear file and U.S.-Iran indirect talks. This marks the fourth round of consultations since 2024, after a delayed April meeting in Rome. The talks come after a round of Oman-mediated U.S.-Iran negotiations, with both sides reporting progress. With the deal’s snapback sanctions clause set to expire in October, European officials are considering invoking it—raising the stakes in what could be a turning point for the nuclear agreement.
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How crucial is the strait of Hormuz to the global energy market?
Although Israel and Iran's ceasefire which came into force on Tuesday removed the pending threat of the Strait of Hormuz's closure, this is not the first time that Iran has said it would block it.
READ MORE : http://www.euronews.com/2025/06/25/how-crucial-is-the-strait-of-hormuz-to-the-global-energy-market
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Credit: euronews (in English) Duration: 01:30Published
Oil prices surged as the U.S. joined Israel in striking Iran's nuclear sites, sending shockwaves across global markets. Tehran warned that U.S. aggression has widened its range of legitimate targets, with threats to close the Strait of Hormuz looming large. China condemned the attacks, calling U.S. credibility “damaged.” Investors fear disruptions to global oil flow, with Brent briefly spiking to $81.40. Analysts say the mere threat of retaliation could keep prices volatile and inflated. Iran, OPEC’s third-largest producer, now holds global energy markets at the edge of uncertainty.
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U.S. President Donald Trump broke his silence on the Strait of Hormuz crisis with an explosive post on Truth Social, urging oil producers to "KEEP OIL PRICES DOWN" and warning that they’re “playing into the hands of the enemy.” His rant comes amid spiking oil prices as fears of a possible Hormuz shutdown by Iran grow. Trump, visibly rattled, made no direct mention of Iran but hinted that rising prices were undermining U.S. power. The message triggered backlash and ridicule, with many calling it a sign of Washington’s desperation.
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In a chilling response to Trump’s strikes on Iran’s nuclear facilities, Iran’s Hatam al-Anbiya Air Defense HQ has issued a grave warning to the United States. Tehran vowed consequences “beyond imagination,” promising retribution that will make Washington “regret” its actions. As condemnation of U.S. aggression mounts worldwide, Iran’s military has gone on high alert. This threat comes amid escalating tensions in the Gulf and fears that Iran may retaliate by closing the Strait of Hormuz or launching direct regional strikes. The countdown to Iranian retaliation has begun.
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