Austria’s oil company has purchased 56,000 metric tons of crude oil from the country’s strategic reserve to stabilize the market. This move comes after the International Energy Agency agreed in March to release a record 400 million barrels of oil from strategic reserves to control rising crude oil prices. The decision was made to mitigate the impact of the ongoing conflict between the US and Iran.
In a separate development, American President Donald Trump has called for the release of eight Iranian women on death row. According to a report by the US news agency, two regional officials confirmed the development.
Additionally, US forces have conducted a naval operation in the Indo-Pacific region, seizing an oil tanker called the “MT TEFTA” that was under sanctions. The Pentagon confirmed the operation in a statement.
In London, counter-terrorism police have arrested eight people on charges of arson attacks. The Iranian government has claimed that the US has threatened the country, despite the tanker entering Iranian waters. Meanwhile, Iranian officials have not yet arrived in Pakistan for talks with the US.
US President Donald Trump has stated that the issue with Iran will be resolved through a significant deal, with no further extension of the ceasefire. Investors are focusing on Iran-US negotiations, hoping for a successful outcome.
All Gulf countries are maintaining daily contact with various parties in the region. “This crisis is ours and our region’s, that’s why we are in direct contact with them,” said a spokesperson for the Qatari Ministry of Foreign Affairs.
In other news, the UK government has banned American Islamophobic social media personality Valentina Gomez from entering the country. Gomez was scheduled to participate in a disputed right-wing rally in London next month.
Indian Chief of Defense Staff has emphasized the importance of improving tri-service coordination to counter threats. German Foreign Minister Johann Wadolph has called on Iran to hold constructive talks with the US in Islamabad.
China’s Ministry of Foreign Affairs has expressed hope that shipping through the Strait of Hormuz will resume soon. US President Donald Trump has stated that the issue with Iran will be resolved through a significant deal, with no further extension of the ceasefire.
