Summary
- Iran offers conditional ceasefire: Pezeshkian says Iran will return to talks if the US honors prior commitments, which Tehran says it has violated.
- US threatens further strikes: Trump warned of more action but ruled out necessarily returning to full-scale war.
- Tankers hit in Strait of Hormuz: Two supertankers struck exiting Hormuz, escalating energy-market risks.
- Oil prices surge: Brent crude rose above $92/barrel.
- Diesel supply squeezed: Refinery disruptions are driving diesel prices and margins sharply higher.
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Pezeshkian: We'll Teturn to Ceasefire if US Does
Iranian President Masoud Pezeshkian on Tuesday reiterated his country's willingness to return to talks with the US, but made clear that Washington must return to its prior commitments made.
"I state explicitly that if the United States returns to its commitments under the ... memorandum of understanding, the Islamic Republic of Iran will immediately take reciprocal action," Pezeshkian said on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Bishkek, Kyrgyzstan.
It is significant that he's there at the Kyrgyzstan-hosted summit in person, receiving a welcome from the likes of Putin, Xi, Erdogan, the UN's Guterres, and others.
Pezeshkian still blasted the U
