Oil up 1% after Iran says no nuclear material will leave the country

Live updates

1. 2h ago

   Oil Rises As Iran Rejects Nuclear Material Transfer

   Crude oil prices climbed from a two-month low following Iranian leadership declarations that enriched nuclear material will remain inside the country. Oil rose as shipping attacks in the Strait of Hormuz offset earlier truce hopes between Iran and the United States. Iranian security officials and figures such as Rezaei insisted that the nation will not part with any enriched nuclear material. Meanwhile, the United States signaled a preference for economic pressure and a naval blockade over resuming kinetic warfare, leaving the Mideast conflict in a prolonged stalemate.

   Why it matters

   The standoff over Iran nuclear assets persists as Washington maintains an ongoing economic blockade instead of active military strikes. Tensions in the vital shipping lanes of the Strait of Hormuz continue to impact global energy benchmarks despite shifting U.S. political rhetoric following midterm elections. The International Atomic Energy Agency expresses growing concern over access to key uranium facilities.

   What is confirmed

   • Oil prices rose from a two-month low as shipping attacks in the Strait of Hormuz offset Iran truce hopes.
   • Iran vowed not to part with a single particle of enriched nuclear material as the standoff continues.
   • Iranian security officials and Rezaei rejected moving nuclear material out of the country.

   Still unconfirmed

   • The United Nations nuclear agency is increasingly concerned about access to a key uranium facility according to a leaked report.

   What to watch next

   • Any potential response from the U.N. nuclear watchdog regarding site access
   • Future security developments and shipping attacks within the Strait of Hormuz
   • Shifts in U.S. enforcement of the naval blockade and economic pressure against Tehran
   Sources used for this update (14)

   1. Reuters — Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes
   2. CBS News — Iran War Updates: Iran vows not to part with "single particle of enriched nuclear material" as standoff continues
   3. Radio Free Europe/Radio Liberty — Iranian Security Chief Insists Enriched Uranium Won't Leave Country
   4. Al Jazeera — Iran war live: Iran’s Rezaei rejects moving nuclear material out of country
   5. Yahoo — Iran will not allow enriched nuclear material to leave the country, security chief says
   6. www.foxnews.com — Iran rules out nuclear inspections while under threat from US
   7. jen.jiji.com — Zeni (Fid): "Screening for type 1 diabetes and celiac disease for a definitive cure"
   8. www.cbsnews.com — What to know about the Iran war today:
   9. www.iranintl.com — Iran’s regime must go for nuclear threat to end, Reagan Institute’s Zakheim says
   10. www.iranintl.com — US rejects IRGC report of radar strike in Bahrain, says two drones shot down
   11. www.yahoo.com — U.N. watchdog agency pushes for access to key Iran nuclear site
   12. jen.jiji.com — Plane doesn't take off and Hoobastank singer improvises a concert - Video
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