The US and Iranian delegations left Pakistan after failing to reach an agreement in historic talks aimed at resolving the West Asia conflict and stabilising global energy markets.
In a major shift in Middle Eastern energy and security dynamics, the US Department of the Treasury on Monday issued a temporary 60-day general licence authorising transactions related to the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products.
The Indian stock market's movement this week will be significantly influenced by the outcome of US-Iran talks, global crude oil prices, and the trading activities of foreign institutional investors (FIIs), according to market analysts.
The India-US ties witnessed a major downturn after President Trump slapped a whopping 50 per cent tariff on Indian goods, including a 25 per cent punitive levy over Russian oil purchases.
Following the signing of a 14-point Memorandum of Understanding (MoU) with Iran, US President Donald Trump reiterated the terms for a 60-day negotiation period, vowing that Tehran will receive "not ten cents" in financial relief.
Pakistan Prime Minister Shehbaz Sharif clarified that the recent Memorandum of Understanding (MoU) signed between the US and Iran does not include provisions regarding Tehran's ballistic missile programme. This statement followed talks with Iranian President Masoud Pezeshkian, with Sharif emphasising Iran's right to its defence capabilities and Pakistan's role as a mediator in the US-Iran peace process.
The FBI announced it foiled a potential attack on the Ultimate Fighting Championship (UFC) event held at the White House last weekend, leading to multiple arrests. The alleged plot involved using explosive-laden drones and a sniper team to target the event attended by President Trump, with a "second wave" planned to storm the White House gate.
Iranian Foreign Minister Seyed Abbas Araghchi announced the official end of the war and warned that any Israeli attack on Lebanon would violate an agreement between Iran and the United States. He also stated that negotiations on nuclear issues and sanctions lifting would begin on Saturday, led by Iran's Parliamentary Speaker M B Ghalibaf and US Vice President J D Vance.
A US-Iran memorandum of understanding is set to be signed, outlining sanctions relief, the reopening of the Strait of Hormuz, and a 60-day negotiation window for Iran's uranium enrichment, but US President Donald Trump has underscored the deal's conditional nature, warning of military action if Tehran fails to comply.
US President Donald Trump has shared an article suggesting that the option of enforcing a naval blockade was available in the context of Iran, as peace talks ended in a stalemate in Islamabad after differences of opinion arose between the two parties on the Strait of Hormuz and Iran's nuclear capacities.
US President Donald Trump on Sunday expressed confidence that Tehran would eventually concede to American demands, while simultaneously issuing a stern warning regarding the potential for total military devastation.
Pakistan has announced its commitment to continue facilitating talks between the United States and Iran, urging both nations to uphold the ceasefire agreement. Deputy Prime Minister Ishaq Dar highlighted Pakistan's role in mediating recent discussions and expressed hope for durable peace and regional stability.
Pakistan is actively engaged in diplomatic efforts to facilitate negotiations between the US and Iran, with hopes of hosting a second round of talks in Islamabad.
The United States and Iran concluded the first phase of in-person talks in Islamabad, with both delegations exchanging written texts to formalise areas of understanding. The discussions, involving key representatives from both sides, are aimed at reducing tensions and exploring possibilities of a structured understanding.
US President Donald Trump warned that the United States is prepared to launch a military strike on Iran if peace negotiations in Islamabad fail, while Vice President JD Vance departed for talks in Pakistan.
The US forces conducted strikes against Iran, on Friday, as a powerful response to Thursday's attack on a commercial ship that was transiting the Strait of Hormuz, said Central Command (CENTCOM) in a statement.
US Vice President JD Vance described the evolving US-India relationship as a family-like bond that transcends diplomacy, highlighting how his children have become fond of Prime Minister Narendra Modi during their trip to India. Vance shared a heartfelt account of his family's experience, revealing the significance of personal connections in strengthening bilateral ties. He said his three kids have developed rapport with both President Donald Trump and Modi, with Modi's warm reception and gestures impressing the family. Vance also spoke about the hospitality he received from Modi, including a dinner at his residence, and his wife Usha Vance's surprising celebrity status in India.
Vance also hinted that the US may drop additional tariffs on countries if the US make a deal with Russia, and also apply more tariffs on the countries to bring this war to a close.
US Vice President JD Vance called on India to drop non-tariff barriers, give greater access to its markets and buy more American energy products and military hardware. Vance, in a speech in Jaipur, highlighted the need for a stronger US-India partnership for a prosperous and peaceful 21st century. He emphasized the importance of working together to address global challenges and praised Prime Minister Narendra Modi, describing him as a "special person." Vance also urged India to provide greater market access to American products and buy more defense platforms and energy from the US. He suggested that India consider dropping some of the non-tariff barriers for American access to the Indian market and highlighted the benefits of closer India-US defense collaboration, advocating for New Delhi to procure more military hardware from the US. He cited the example of American fifth-generation F-35s, arguing they would give the Indian Air Force the ability to defend its airspace and protect its people like never before. Vance also welcomed the Modi government's budget announcement to amend India's civil nuclear liability laws, paving the way for US producers to export small modular reactors and build larger US-designed reactors in India. He emphasized the importance of energy security for India's AI ambitions, stating "there is no AI future without energy security and energy dominance." Vance's visit comes amid growing global concerns over the US's tariff war.
Vance is expected to be accompanied by at least five senior officials, including from the Pentagon and the State Department, the people cited above said.
Tulsi Gabbard has resigned from her position as Director of National Intelligence to support her husband, Abraham Williams, who has been diagnosed with a rare form of bone cancer. Her resignation will take effect on June 30, with Aaron Lukas set to take over as acting intelligence chief.
Pakistan Prime Minister Shehbaz Sharif on Thursday signed the historic peace deal between the United States and Iran as a guarantor; the agreement will see the immediate reopening of the Strait of Hormuz and the lifting of the US naval blockade.
Prime Minister Narendra Modi and US Vice President JD Vance have expressed satisfaction with the progress made in negotiations for a bilateral trade agreement. The two leaders met in New Delhi and discussed a range of bilateral issues, including cooperation in energy, defense, strategic technologies, and other areas. They also exchanged views on regional and global issues of mutual interest.
The Indian rupee depreciated by 32 paise to close at 92.83 against the US dollar, influenced by escalating global tensions, particularly the US-Iran conflict, and the deadline for the RBI's instructions to banks to curb overnight positions.
Usha Chilukuri Vance, the wife of newly sworn-in Vice President JD Vance, has made history as the first Indian-American and Hindu Second Lady of the United States. Usha, a lawyer and daughter of Indian immigrants, held the Bible during Vance's oath of office, signifying her role in supporting her husband's political journey. Her background and her husband's rise to the Vice Presidency highlight the growing political influence of Indian Americans and their increasing representation in national politics.
Iran has submitted its latest proposal aimed at advancing negotiations to end the ongoing West Asia conflict with the US, days after the Islamic Republic submitted a fresh proposal through regional intermediaries to cease its military operations in the Strait of Hormuz, which is likely to get rejected by Washington.
The Congress party has criticised the Indian government's diplomatic efforts, questioning how Pakistan was able to secure a role as a mediator between the US and Iran despite India's attempts to isolate it after the Pahalgam attack. The party also raised concerns about India's standing on the global stage and its relationship with the US and China.
Here are the key moments from the White House.
Direct talks between the US and Iran, mediated by Pakistan, have failed to produce an agreement after 21 hours of negotiations, with disagreements over Iran's nuclear ambitions and sanctions proving insurmountable.
Iran blames the US for 'maximalism' and 'shifting goalposts' leading to the collapse of the Islamabad talks.
Born Usha Chilukuri, she has carved out a distinguished career in the legal field, having clerked for Supreme Court Justices John Roberts and Brett Kavanaugh before Kavanaugh's nomination to the court.
US President Donald Trump on Sunday announced that the American Navy will henceforth block all maritime traffic entering the Strait of Hormuz.
US President Donald Trump announced that a deal to end the war with Iran would be signed on Sunday, with the strategic Strait of Hormuz immediately becoming 'open to all'. This follows indications from Pakistan that negotiations were in their final stages, though Iran has yet to comment on the timeline.
US President Donald Trump on Monday doubled down on his hardline stance against Tehran while dismissing mainstream media narratives regarding his foreign policy motivations.
Democrat leaders have criticised US President Donald Trump for referring to India and other countries as 'hellholes', accusing him of amplifying 'racist trash' on social media.
US President Donald Trump expressed confidence in America's position amid US-Iran peace talks in Islamabad, stating that Washington stands to 'win' regardless of a deal.
In an interview with Russian journalist Pavel Zarubin on Saturday, Putin said that such a move by Trump would "lead to the destruction of our relations. At least the positive tendencies that have appeared in these relations."
US Vice President JD Vance and his wife Usha, the first Indian-American Second Lady, are set to visit India early next week. Vance will hold talks with Prime Minister Narendra Modi during his visit. The visit comes amid global concerns over President Donald Trump's policy on tariffs. Vance's visit is likely to be more of a private trip though it will have official components.
Usha Chilukuri Vance took her first overseas trip as the second Lady of the United States to Paris with her husband US Vice President J D Vance and their three children.
US Secretary of War Pete Hegseth on Wednesday claimed that Tehran "begged" for a truce, maintaining that Washington achieved a "decisive military victory" during 'Operation Epic Fury.'
