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Araghchi believes US-Iran deal might be reached ‘in coming days’
Iran’s foreign minister Abbas Araghchi said a draft deal with the US would be signed “remotely” once finalised, which may happen “in the coming days”.“We will sign and announce this agreement when we conclude the final stages of our negotiations.” The signing will be electronic initially. Both sides will sign from a distance. “Then it will be announced that this memorandum of understanding has been signed by both parties,” Araghchi said state television in an interview.It is in the next couple of days. “I am very positive.”
There was room for improvement on the pact, he added, but the provisional agreement proved his country had come out of the fight stronger.
Iran’s Foreign Minister Abbas Araghchi said Iran wanted a deal that would allow Tehran to charge ships “for services rendered” when they passed through the Strait of Hormuz. Iran has put a toll system in place throughout the war that the US and other countries contend violates international law.“There will be costs involved,” Araghchi added. “And those costs must be paid.
Hours after those remarks, a source familiar with the incident told Reuters that U.S. forces shot down several Iranian one-way attack drones headed for the Strait of Hormuz. The insider, who agreed to speak only on the condition of anonymity, claimed the drones had been a menace to commercial traffic. Later, U.S. Central Command acknowledged the action and declared the river was available for transit.
Iranian news agencies said there were explosions along the strait from Iran’s Sirik port and Qeshm island, which residents and local officials said were shots fired by Iranian forces to warn off vessels attempting to cross the waterway without permission from the navy of the Revolutionary Guards.
Sources on all sides of the talks stated the planned memorandum of understanding called for re-opening the strait and lifting the U.S. naval blockade on Iranian ports. Then there’d be talks on Iran’s nuclear program, which President Donald Trump used as the reason for initiating the war.
The U.S. official, who spoke on condition of anonymity, said the accord fulfilled Trump’s key goals and placed negotiations “in a very, very good place”.
Western, Pakistani and Iranian reports of the draft proposal included parameters that might play into Iran’s hands, eliciting anger from Trump who dismissed the reports as false.
The suggestions basically gave Tehran much of what it has sought with only small variances in the details, with Trump apparently winning nothing beyond reopening the strait, which Iran closed after the U.S. and Israel strikes in February.
Iran and Oman will keep control of traffic across the strait that before the conflict carried one fifth of the world’s oil and gas supply, Araqchi said.”Our sword will always hang over the Strait of Hormuz,” he declared.
A Western source said the accord may be signed as early as Sunday by U.S. Vice President JD Vance and Iran’s parliament speaker, Mohammad Baqer Qalibaf, with Geneva the most likely destination.
The U.S. administration official said Europe had been explored as a venue for signing but no decision had been made.
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LHC gets petition against hike in gas prices
LAHORE: A plea has been filed in the Lahore High Court (LHC) against the increase in pricing of petroleum products in Pakistan.
“Between September 7 and 11, petrol had become costlier by Rs29.95 per liter and diesel by Rs25.27 per liter during the same five days,” the plea stated.
The petitioner said the price of petroleum was being increased daily which has pushed the price of fuel to more than Rs400 per liter.
The petition said the continual hikes in fuel prices are impacting transit, agriculture and the prices of critical commodities. It said paid workers and low-income families are bearing the brunt of the higher fuel expenses.
The petitioner further compared the pricing of diesel in Pakistan with other nations and said that diesel was Rs140 per liter more costly than Bangladesh, Rs122 than India, Rs106 more than Afghanistan and about Rs77 more than Sri Lanka.
The petitioner has asked the high court to call data about petroleum levy, taxes and margins of oil marketing companies and dealers.
The petition also asked for details of the method for fixing prices of petroleum products in the country.
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England set Pakistan 130-run target in Edgbaston Test Razzaullah, Abbas save Pakistan
Pakistan fought back from the brink of an innings defeat to set England a target of 130 runs in the third and final Test at Edgbaston on Friday.
The visitors were bowled out for 449 in their second innings, having resumed the day at 52-2 and faced the prospect of a series whitewash after being dismissed for just 133 in their first innings. A remarkable lower-order assault led by Test debutant Razzaullah and Mohammad Abbas turned the contest around, giving Pakistan a slim chance of forcing a result.
Pakistan had needed 320 runs simply to make England bat again after the hosts posted 453 in their first innings. They eventually surpassed that mark comfortably, with Shan Masood, Babar Azam and Awais also making valuable contributions before the late-order fightback transformed the game.
Awais and Shan resumed the third day’s play and produced a determined 125-run stand for the third wicket. Both batters reached half-centuries before Dan Lawrence finally broke the partnership by dismissing Awais for 59.
Shan then continued to anchor the innings and came agonisingly close to a century. The Pakistan captain made 95 from 148 deliveries, hitting 12 boundaries before Gus Atkinson ended his innings.
Babar subsequently combined with Saud Shakeel for a 64-run fifth-wicket partnership and brought up his 34th Test century, ending a long wait for a hundred in the format. His stay at the crease ended on 76 from 103 balls, with 11 fours and a six, after Josh Tongue had him caught behind.
Saud made 35 before falling to Atkinson, while Ghazi Ghauri and Mohammad Imran departed cheaply as Pakistan slipped to 318-8.
With Pakistan eight wickets down and still needing runs to avoid an innings defeat, Razzaullah and Abbas launched an extraordinary counterattack.
The debutant took the initiative, attacking England’s bowlers with a succession of boundaries. Razzaullah struck nine fours and four sixes during a sensational 81 from only 63 balls, giving Pakistan’s innings fresh momentum when defeat appeared almost inevitable.
Abbas provided crucial support at the other end, producing a career-best 42 from 67 deliveries. The pair added 121 runs for the ninth wicket, taking Pakistan from 318-8 to 439-9 and ensuring England would have to bat again.
Abbas was eventually dismissed with Pakistan on 439, but Razzaullah remained aggressive until the end. He became the final wicket to fall when he was stumped off Dan Lawrence, leaving Pakistan all out for 449 after 96.4 overs.
The 129-run lead means England now require 130 runs to win the Test and complete a series clean sweep. Pakistan, meanwhile, must defend the modest target to prevent England from claiming victory in the final match of the series.
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Saudis close oil pipeline as Houthis strengthen hold on Red Sea shipping
Saudi Arabia has shut down its East-West pipeline after the key oil artery was hit in an air raid in the growing Middle East war.
The world’s top supplier of crude oil temporarily shut the pipeline after a drone strike that Baghdad and Riyadh alleged was carried out by Iraq, home to Iranian-backed militias. Iraq on Saturday sacked a military commander after the incident.
The 1,200-kilometre (745-mile) pipeline across the Arabian Peninsula had helped Saudi Arabia avoid a shipping bottleneck in the Strait of Hormuz, where tanker traffic has reduced to a trickle owing to the US-Iran war.
As a precaution, the Saudi energy ministry announced it had halted the pipeline. The line has been transporting 4 million to 5 million barrels per day in recent months, or 4% to 5% of world supplies, ship tracking companies and analysts said.
The strike comes as Iran-aligned Houthi rebels in Yemen have reinforced their grip in the Red Sea, which, along with the Strait of Hormuz disruptions, has imposed an energy squeeze on both sides of the Arabian Peninsula, sending global oil prices back above $100 per barrel.
The 1,200-kilometre (745-mile) pipeline across the Arabian Peninsula has allowed Saudi Arabia to circumvent a shipping bottleneck in the Strait of Hormuz, where tanker traffic has dwindled to a trickle because of the war between the U.S. and Iran.
The Saudi oil ministry stated the pipeline was closed as a precaution. Over the last few months, the line has been carrying four to five million barrels a day, or 4 to 5 percent of the world’s supply, ship tracking companies and analysts said.
The raid comes as Iran-aligned Houthi rebels in Yemen have tightened their control in the Red Sea, which together with the Strait of Hormuz disruptions has imposed an energy strain on both sides of the Arabian Peninsula and sent global oil prices back above $100 per barrel.
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