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A tanker unloads imported crude oil at a terminal port in Qingdao, in China's Shandong Province, on June 25.
A tanker unloads imported crude oil at a terminal port in Qingdao, in China's Shandong Province, on June 25.

live Oil Prices Fall To Prewar Levels For First Time

As the US-Israeli war with Iran continues to impact and shape the region, journalists from RFE/RL's Central Newsroom and Iranian service, Radio Farda, deliver ongoing updates and analysis.

Key Takeaways

  • US Secretary of State Marco Rubio wrapped up a three-day swing through the Persian Gulf on June 25 with messages aimed at reassuring Washington's allies in the region.
  • The price of Brent crude, the global benchmark oil, has fallen to below the level it was at before the Iran war.
  • Iran's top negotiator has dismissed claims that Tehran will use its unfrozen assets to buy US agricultural products.
  • The US Senate voted 50-47, with one abstention, to block a war powers resolution approved a day earlier that limited Trump's handling of the war in Iran.
  • A cargo vessel was struck by an “unknown projectile” off Oman on June 25, according to a shipping security monitor.
12:04 23.6.2026

Iran Says No Plans to Allow Inspections Of Bombed Nuclear Sites

Iranian Foreign Ministry spokesman Esmaeil Baqaei (file photo)
Iranian Foreign Ministry spokesman Esmaeil Baqaei (file photo)

Iran says it has no plans to allow International Atomic Energy Agency (IAEA) inspectors to visit nuclear facilities damaged in US and Israeli strikes last year, contradicting claims by US Vice President JD Vance.

The denial came as diplomacy intensified following a memorandum of understanding between Tehran and Washington aimed at ending a war that destabilized the Middle East and triggered a 60-day process to address Iran's nuclear program and sanctions relief.

Speaking to reporters on June 23, Foreign ministry spokesman Esmaeil Baqaei said: "We have not had a meeting with the director general of the IAEA, nor do we have any plans for the agency to inspect Iran's nuclear facilities damaged by the US and Zionist military aggression."

Iran's UN ambassador, Ali Bahreini, also said "there hasn't been such a decision" to permit inspectors' return to the country.

08:27 23.6.2026

Iranian Top Negotiator: Communication Line Set For Hormuz

Iran's top negotiator, Mohammad Baqer Qalibaf, has said that Tehran agreed to establish a communication hotline for ships transiting the Strait of Hormuz in order to reduce tensions and quickly address any incidents in the strategic waterway.

FILE PHOTO: Mohammad Baqer Qalibaf
FILE PHOTO: Mohammad Baqer Qalibaf

Speaking to reporters aboard a plane, Qalibaf said: "There may be problems in the Strait of Hormuz; therefore, we agreed to establish a center and a hotline so that, within a 30-day period, if any problems arise, we can resolve them more quickly."

"This hotline is not for granting permission; permission follows its own procedures. This hotline is solely for resolving problems involving ships or clarifying possible incidents," he said, adding that "the management of the Strait is with Iran, and we will address any problems."

Earlier, mediators Qatar and Pakistan announced that Iran and the United States had agreed to establish direct communication channels aimed at helping keep the Strait of Hormuz open and secure.

00:04 23.6.2026

We are now closing the live blog for the day. We'll be back at 7:30 a.m. Central European time to cover the latest events across the Middle East.

22:43 22.6.2026

Trump Warns Iran To Stick To Agreement Or Face Consequences

President Donald Trump warned Iran it will face consequences if it fails to live up to its agreement with the United States despite signs of progress in talks toward a peace deal between the two.

"If Iran ‌doesn't live up to their agreement, or if they're not behaving, I will do ‌what ⁠I have ‌to do," Trump told reporters in Washington on June 22. He did not elaborate.

The statement came hours after Vice President JD Vance cited making "good progress" in talks over the weekend in Switzerland on a framework toward reaching a final peace deal within 60 days, including the guarantee of safe passage through the Strait of Hormuz, an end to fighting in Lebanon, and Tehran's acceptance of visits by international nuclear inspectors.

Iran also gave a positive assessment of the talks, with its top ⁠negotiator, ⁠parliamentary Speaker Mohammad Baqer Qalibaf told Iranian state television that Tehran has ⁠agreed to have a communication line regarding the passage of vessels through ⁠the Strait ‌of Hormuz .

He added that the ‌signing for the release ⁠of $12 billion ‌in frozen Iranian assets has been finalized during the talks as well. He did not give any further details on the release of the funds.

17:06 22.6.2026

Rubio Heads To Gulf As US Seeks To Cement Iran Framework, Allay Security Fears

WASHINGTON -- US Secretary of State Marco Rubio will travel to the United Arab Emirates, Kuwait, and Bahrain this week on his first official visit to the Gulf since the outbreak of the Iran war and just days after Washington and Tehran signed a framework agreement aimed at bring peace to the region.

The diplomatic mission to reassure regional allies of the Trump administration's strategic trajectory with Tehran will also look to reinforce security protocols around the volatile Strait of Hormuz.

The June 23–25 tour occurs at a critical juncture for US foreign policy: It follows intensive weekend negotiations in Switzerland that Vice President JD Vance described on June 22 as having established a "good foundation for a successful final deal" to conclude the Middle East conflict.

To read the full report, click here.

16:19 22.6.2026

US Approves 60-Day Waiver For Iranian Oil Sales As Peace Talks Progress

The United States has allowed Iran to produce, deliver, and sell its oil on international markets as part of a framework agreement for peace talks reached between the two countries last week.

"In line with the ongoing productive talks in Switzerland, Iran has committed to free and open transit in the Strait of Hormuz and to permit International Atomic Energy Agency (IAEA) inspectors into their country," Treasury Secretary Scott Bessent said in ‌a post on X on June 22.

"As part of the framework, Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil."

As part of the memorandum of understanding signed last week, Washington said it would issue the sanctions waivers for Iranian crude.

Earlier on June 22, Vice President JD Vance said the United States and Iran had made "good progress" over the weekend on talks aimed at reaching a full peace agreement.

14:12 22.6.2026

Vance Hails 'Milestone' Of Iran Allowing IAEA Inspectors

US Vice President JD Vance said that progress had been made in talks with Iran, including Tehran's agreement to allow inspectors from the International Atomic Energy Agency (IAEA) back into the country.

"The Iranians have agreed to invite IAEA inspectors back into their country," Vance told reporters at Switzerland's Burgenstock resort on June 22 following an initial round of US-Iran negotiations aimed at reducing tensions in the Middle East.

US Vice President JD Vance
US Vice President JD Vance

He described the development as "a major milestone" and "the first step toward permanently ending Iran's nuclear weapons program."

According to Vance, the parties worked on establishing a "coordination mechanism" for keeping the Strait of Hormuz open for energy shipments and to demine the area to avoid disruptions to global oil and gas flows.

In addition, he said a similar "mechanism for deconfliction" was set up to manage ongoing regional conflicts, including exchanges involving Israel and Hezbollah, aimed at ensuring that any incidents are handled through communication channels rather than escalation.

Hezbollah is both a militant group and political party that controls much of southern Lebanon. It is considered a terrorist organization by the United States, although the European Union has only blacklisted its armed wing.

"Our teams working with the Iranians, the Qataris, and the Pakistanis made great progress yesterday," he said, adding they would continue working at the technical level with teams in Burgenstock.

"We've laid a very good foundation for a successful final deal," Vance told reporters.

13:13 22.6.2026

China Pledges Support For Iran At New Delhi Meeting

China's Foreign Minister Wang Yi (file photo)
China's Foreign Minister Wang Yi (file photo)

China showed its support for Iran in India as senior officials from the two countries met for the first time since a framework deal between Washington and Tehran was signed last week to starts talks aimed at hammering out a long-term peace deal.

Beijing's top diplomat, Wang Yi, held talks with Qadir Nezami, deputy secretary of Iran's Supreme National Security Council, on June 22 to discuss the ongoing peace negotiations on the sidelines of the 18th BRICS Summit in New Delhi.

According to a readout from China's Foreign Ministry, Wang described the provisions in the Iran-US agreement as "hard-won," adding that Beijing is willing "continue providing assistance in its own way" to play a role in the peace process.

Nezami stated that he "looked forward to China continuing to play an important role" in facilitating the implementation of the first phase of the deal.

This meeting comes as the first round of face-to-face talks between the United States and Iran since the signing of the deal concluded on June 22 in Burgenstock, Switzerland, mediated by officials from Pakistan and Qatar. The meeting had previously been postponed following an escalation of fighting in Lebanon between Hezbollah and Israeli forces.

Hezbollah is both a militant group and political party that controls much of southern Lebanon. It is considered a terrorist organization by the United States, although the European Union has only blacklisted its armed wing.

Wang expressed Beijing's thanks to Islamabad and Doha for their role in mediating discussions between the United States and Iran. China has worked closely with Islamabad, a close ally, to moderate the conflict indirectly as Pakistan stepped up as a key mediator in the conflict.

11:37 22.6.2026

Iran Exported 36 Million Barrels Of Oil In Past Week, Says Monitor

Tanker Trackers, which monitors the status of oil shipments, reported on June 21 that Iran has exported 36 million barrels of crude oil since June 15 of this year.

According to the report, Iran has stored approximately the same amount of oil in its floating cargoes.

After Iran and the United States reached an initial agreement to end the war, the naval blockade of Iranian ports by the United States military was lifted and Tehran was able to resume its oil exports.

04:34 22.6.2026

We are now closing the live blog for the day. We'll be back tomorrow at 7:30 a.m. Central European time to cover the latest events across the Middle East.

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