US-Iran war highlights: ‘I will do what I have to do’, warns Trump if Iran doesn't stick to agreement

US-Iran war LIVE updates: Oil prices fell on Monday as hopes grew over US-Iran peace talks, with mediators pointing to a "roadmap" towards a final agreement. Most stock markets also moved higher, supported by another strong session for technology companies.

Investor sentiment remained upbeat after reports that the two rivals had ended their conflict.

Confidence improved further after Qatar and Pakistan announced progress in the negotiations, which are intended to address Tehran's nuclear programme and reopen the Strait of Hormuz, a route used for transporting around one-fifth of the world's oil and gas supplies.

Both major oil benchmarks declined in early trading, while most equity markets posted gains.

US-Iran war LIVE updates: Negotiators from the United States and Iran were expected to hold a second day of discussions on Monday as both sides worked towards securing a lasting end to the conflict, following a difficult opening day of mediation.

The US delegation is led by vice president JD Vance and includes special envoy Steve Witkoff and Jared Kushner, the president's son-in-law. Iran is being represented by Parliament Speaker Mohammad Bagher Ghalibaf and foreign minister Abbas Araghchi.

It remains unclear when Vance will leave Switzerland. In an interview with Fox News on Saturday, he said he expected to remain there for only a "day or two". Much of the technical work on behalf of the US delegation is being handled by Kushner and Witkoff.

US-Iran war LIVE updates: Malaysian low-cost airline AirAsia X has reduced ticket prices by 5% since June 15 and is reviewing fares on a weekly basis as jet fuel costs continue to fall, Chief Executive Officer Bo Lingam said on Monday.

Lingam said the airline had spent the past three months cutting routes that were performing poorly, adjusting to changing demand and renegotiating agreements with suppliers and aircraft lessors as the United States-Iran war disrupted travel around the world.

"We went back and see how we can restructure and renegotiate all our contracts, which is still ongoing," Lingam told reporters.

"As fuel prices go down from week to week, we will also adjust our fares accordingly," he added.

US-Iran war LIVE updates: The US and Iran made “encouraging progress” in talks on a peace deal and will continue technical-level discussions this week, mediators said, even as President Donald Trump again threatened strikes if Hezbollah keeps attacking Israel.

US Vice President JD Vance and Iranian Foreign Minister Abbas Araghchi were among the participants in the talks in Bürgenstock, Switzerland. “Encouraging progress has been made including the creation of a mechanism for further technical talks,” mediators Qatar and Pakistan said in a joint statement. The parties agreed on a roadmap toward reaching a final deal within 60 days.

The sides established a communication line to avoid incidents and miscalculations, with the aim of ensuring safe passage for commercial vessels through the Strait of Hormuz, the mediators said. They also agreed to create a “de-confliction cell” involving the parties and Lebanon to help ensure adherence to the cessation of military operations there.

(Bloomberg)

US-Iran war LIVE updates: Indian shares advanced on Monday, tracking gains in Asian peers after progress in U.S.-Iran peace talks reduced fears of a collapse in negotiations.

The benchmark Nifty 50 rose 0.5% to 24,129, while the BSE Sensex added 0.51% to 77,190.36, as of 9:17 a.m. IST.

All 16 major sectors advanced at the open. The broader small-caps and mid-caps gained 0.5% and 0.4%, respectively.

Broader Asian markets rose 0.9%, while Brent crude fell 1.3% and stayed below $80 a barrel, offering relief to oil-importing economies.

A joint statement from Qatar and Pakistan said the first round of U.S.-Iran talks had ended with progress on a roadmap for a final deal within 60 days.

The update helped calm investor nerves after U.S. President Donald Trump threatened fresh strikes on Iran, even as Vice President JD Vance met Iranian officials for the first talks under an interim peace deal.

(Reuters)

US-Iran war LIVE updates: Iran's foreign ministry spokesman Esmaeil Baghaei told Iranian media that the work of Tehran's negotiating team in Switzerland had now been completed and that technical teams would carry on with their discussions.

“It was agreed that technical teams will continue their work on the issues necessary for the effective implementation of this memorandum of understanding,” he said.

“At this stage, the work of the negotiating delegation is complete, but the technical teams will continue their work tomorrow.”

US-Iran war LIVE updates: Iran and the United States agreed Monday to set up communications lines to keep the vital Strait of Hormuz open and end fighting in Lebanon, mediators said, after their first round of talks in Switzerland towards ending the war.

Mediators Pakistan and Qatar said the talks took place in "a positive and constructive atmosphere".

"Encouraging progress has been made including the creation of a mechanism for further technical talks," they said, detailing a contact channel set up to "avoid incidents and miscommunication" at the Strait of Hormuz".

US-Iran war LIVE updates: Oil prices slid on Monday after US-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and petrochemical exports, easing worries about a supply shortage in global markets.

Brent crude fell $1.53, or 1.90%, to $79.04 a barrel by 0656 GMT. Prices had earlier climbed to $82.30 at the start of trading, fuelled by a bumpy start to the talks with threats from US President Donald Trump to restart the war on Iran and Tehran's announcement it had again closed the Strait of Hormuz.

(Inputs from Reuters)

US-Iran war LIVE updates: Tehran and Washington have set up a "communication line" to "avoid incidents and miscommunication with the aim of safe passage for commercial vessels through the Strait of Hormuz", according to the statement.

The communication line is applicable for the 60-day period outlined in the memorandum of understanding signed earlier by both sides, in which Iran vowed "best efforts" to ensure safe passage of commercial ships.

Iran said Saturday it was closing the Strait of Hormuz again over Israeli attacks in Lebanon.

US-Iran war LIVE updates: Israeli Prime Minister Benjamin Netanyahu on Sunday said Israeli forces would remain in southern Lebanon "as long as necessary", while also vowing to prevent Iran from acquiring nuclear weapons.

"We will remain in the security zone in southern Lebanon for as long as necessary to protect the cherished residents of the north and all the citizens of Israel... Nothing will alter that commitment," Netanyahu said.

"And with regard to Iran: whatever political developments may unfold, I will not allow Iran to acquire nuclear weapons. As long as I serve as prime minister of Israel, that will not happen."

US-Iran war LIVE updates: Technical talks between Iran and the United States will continue this week in Switzerland, following the conclusion of first-round negotiations to end the Middle East war, mediators Pakistan and Qatar said on Monday.

"Technical talks will continue for the remainder of the week at the Burgenstock resort on all issues," Pakistan and Qatar said in a joint statement.

US-Iran war LIVE updates: Oil dropped following signs of progress in peace talks between Washington and Tehran, which appeared to get off to a rocky start after US President Donald Trump issued a fresh threat against Iran.

Brent crude slipped below $80 a barrel after climbing more than 2% at the open, while West Texas Intermediate was around $76.

The parties have agreed on a roadmap to reaching a final deal in 60 days, and technical talks will continue for the remainder of the week, according to a statement issued by Qatar and Pakistan, which are mediating discussions in Switzerland.

(Inputs from Bloomberg)

US-Iran war LIVE updates: High-level negotiations in Switzerland seeking a permanent end to the Iran war ended early Monday, with lower-level talks planned for the rest of the week as Iran and the United States agreed to create a "de-confliction cell" to address the fighting in Lebanon.

Pakistan and Qatar after the meeting said lower-level technical talks would continue in Switzerland for the rest of the week. Such talks aim at producing the breakthroughs needed for high-level officials to return and sign agreements.

US-Iran war LIVE updates: Iran's foreign minister Abbas Araghchi said Monday there was "major progress" in talks with the United States.

"Pakistani and Qatari mediation has delivered major progress to end Lebanon War," Araghchi posted on X.

"Oil and petrochem exports are waived, blockade lifted, some frozen assets released, and major reconstruction & development plan launched for Iran."

US-Iran war LIVE updates: Iran and the United States agreed on a roadmap towards reaching a final deal to end the war within 60 days, meditors Pakistan and Qatar said in a joint statement on Monday.

"The High Level Committee has agreed upon a roadmap towards reaching a final deal within 60 days, laying the foundation for the immediate commencement of further technical talks," the joint statement read.

US-Iran war LIVE updates: Iran and the United States have agreed to set up a "de-confliction cell" with Lebanon to stop military operations, mediators Pakistan and Qatar said in a joint statement on Monday.

"The parties agreed on the creation of a de-confliction cell, between the parties, the Lebanese Republic and facilitated by the Mediators, to ensure the adherence of the termination of military operations in Lebanon," the joint statement read.

US-Iran war LIVE updates: The first round of talks between the United States and Iran on ending war in West Asia has concluded, according to a joint statement issued by meditors Pakistan and Qatar on Monday.

"The first session of high level talks under the framework of the Islamabad Memorandum of Understanding have concluded in Burgenstock, Switzerland, with the participation of representatives from the Islamic Republic of Iran, the United States of America, and the two mediating parties, the State of Qatar and the Islamic Republic of Pakistan," the joint statement read.