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Oil Prices Fall Back As ‘Hopeful’ Tehran Responds To Trump

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Shares dipped, and oil prices dropped back on Tuesday as Tehran gave an encouraging response during talks with US officials in Geneva on Iran’s nuclear programme, after days of escalating rhetoric from President Donald Trump.

 

Oil prices had earlier risen after Trump ramped up threats towards Iran, a large crude producer, but Iranian Foreign Minister Abbas Araghchi said “a new window of opportunity has opened”.

“We are hopeful that negotiation will lead to a sustainable and negotiated solution,” he said, though he said “Iran remains fully prepared to defend itself against any threat or act of aggression”.

Trump
US President Donald Trump [Photo: ANDREW CABALLERO-REYNOLDS / AFP]

 

West Texas Intermediate was down 0.2 percent at $62.75 per barrel after earlier jumping 1.5 percent, while international benchmark Brent North Sea Crude slipped 1.4 percent to $67.64.

“There’s speculation that Iran could agree to dilute its most highly enriched uranium in exchange for the full lifting of financial sanctions, but it’s not clear if that will be enough to seal a deal between the two parties,” said Aarin Chiekrie, analyst at Hargreaves Lansdown.

Wall Street was off in early trading with the tech-heavy Nasdaq giving up one percent and the Dow sliding around 0.3 percent, and the broader-based S&P 500 was off 0.2 percent.

“Insurance brokers, wealth advisors, real estate services, and logistics were all in the firing line last week, and investors are cautiously watching for what slice of the market could be next on the AI hit list,” Chiekrie added.

European stocks steadied in early afternoon deals after Tokyo closed lower, with Chinese markets again shut for the Lunar New Year.

In foreign exchange, the dollar rose against the British pound as official data showed UK unemployment rising to a five-year high.

Analysts said the reading of 5.2 percent for the final quarter of last year increased the likelihood of the Bank of England cutting its benchmark interest rate next month.

The greenback was also higher versus the euro but fell against the yen.

Europe’s biggest economy Germany, is unlikely to rebound in 2026 as geopolitical uncertainty, high cost,s and weak domestic demand weigh on growth, the country’s Chamber of Industry and Commerce said Tuesday.

Germany returned to weak growth in 2025 after two years of recession.

– Key figures at around 1445 GMT –

New York – Dow: DOWN 0.3 percent at 49,366.16 points

New York – S&P 500: DOWN 0.2 percent at 6,820.63

New York – Nasdaq: DOWN 1.0 percent at 22,486.46.

London – FTSE 100: UP 0.4 percent at 10,517.01

Paris – CAC 40: UP 0.3 percent at 8,343.55

Frankfurt – DAX: UP 0.4 percent at 24,897.35

Tokyo – Nikkei 225: DOWN 0.4 percent at 56,566.49 (close)

Hong Kong – Hang Seng Index: closed for holiday

Shanghai – Composite: closed for holiday

Euro/dollar: DOWN at $1.1820 from $1.1854 on Monday

Pound/dollar: DOWN at $1.3526 from $1.3630

Dollar/yen: DOWN at 153.40 yen from 153.48 yen

Euro/pound: UP at 87.40 pence from 86.98 pence

West Texas Intermediate: DOWN 0.2 percent at $62.75 per barrel

Brent North Sea Crude: DOWN 1.4 percent at $67.64 per barrel.

 

 

 

AFP

International News

Barcelona Seals New Deal With Head Coach Flick

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Barcelona completes contract renewal with head coach Hansi Flick, per official announcement.

 

According to Fabrizio Romano, Flick’s new contract with Barcelona runs until June 2028, with an option to extend until June 2029, meaning the coach could stay for three more seasons.

In his first season in charge, Flick led the team to a domestic treble of La Liga, Copa del Rey and Spanish Super Cup.

This season, Barcelona won the Spanish Super Cup again and retained the La Liga title, bringing his total to five trophies in two seasons.

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Entertainment

Erling Haaland Makes Acting Debut In Animated Film 

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Erling Haaland will follow in the footsteps of David Beckham and Vinnie Jones by taking his first steps into the acting world, with the Norwegian striker set to make his film debut.

 

The Manchester City striker will voice a character described as ‘an animated version of himself’, in the upcoming animated film Viqueens.

This is according to the Hollywood Reporter, who say that the 25-year-old is playing a Viking called Haaland in the motion picture.

The adventure-comedy is directed and co-written by the award-winning Harald Zwart, the Norwegian director known for The Karate Kid and Agent Cody Banks.

‘As a Norwegian storyteller making a Viking adventure for a global audience, having Erling Haaland join feels incredibly exciting,’ said Zwart.

‘Erling has already become a kind of real-life Viking icon around the world – powerful, fearless and uniquely Norwegian.

‘Bringing him into this universe as himself gives the film an unexpected energy and authenticity that felt completely right for this story.’

Solveig Langeland, managing director of Sola Media, added: ‘Erling Haaland transcends sports – he’s a global cultural figure.

‘His involvement brings another exciting dimension to a film that already combines international adventure, humour, and emotional storytelling in a way we believe will resonate with audiences everywhere.’

He follows the likes of Beckham and Jones, who have already hit the cinema screens around the country.

Beckham made his silver screen debut in his pal Guy Ritchie’s King Arthur back in 2017 alongside film stars Charlie Hunnam and Eric Bana, playing hardened battleguard Trigger in the flick.

Meanwhile, Jones is known for portraying gangsters on screen, and as recently as 2024 played gamekeeper Geoff in Ritchie’s series The Gentlemen, featuring Theo James.

He famously also played Coach Dinklage in She’s the Man, and was The Juggernaut in X-Men: The Last Stand.

Haaland may need a while before he becomes the big actor that Jones has become, though, with plenty of years on the pitch still ahead of him.

The striker’s focus will currently be on winning the Premier League with Manchester City, as they look to hunt down Arsenal, who are two points ahead at the top, with two games to go.

Haaland will next be in action on Tuesday night as they travel to Bournemouth.

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Iran squad travel to Turkey for friendlies, US visas

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Iran’s national football team was headed to Turkey on Monday to play a final friendly match and apply for visas to fly to the United States for the 2026 World Cup, Iranian media reported.

 

The team plan to participate in the tournament despite co-host Washington having launched a war against Iran with a massive wave of attacks alongside ally Israel on February 28.

The fighting has been on hold for weeks thanks to a ceasefire, but peace talks have failed to make a breakthrough and new drone attacks against Gulf countries at the weekend combined with threats from US President Donald Trump raising fears of a return to fighting.

The team “departed this morning for Antalya, Turkey to play its final friendly match before flying to the United States for the 2026 World Cup,” the Tasnim news agency reported.

It said the squad consisted of 22 domestic-based players alongside their coaching staff.

On Saturday, head coach Amir Ghalenoei said they would also be completing visa applications for the US while in Turkey.

– ‘Let ’em play’ –

Iran secured their spot at the World Cup in March 2025, but since then the United States has twice launched attacks on the country.

US officials have insisted that Iran is welcome at the tournament, while organiser FIFA has said it will go ahead as planned and rejected Iranian suggestions that their games be moved to co-hosts Mexico or Canada.

“I think let ’em play,” Trump said in late April.

US Secretary of State Marco Rubio said any problem would not be with Iranian players but “some of the other people (they) would want to bring with them”, suggesting they may have ties to the Revolutionary Guards, which Washington has branded a terrorist organisation.

Last month, officials from Iran’s football federation abandoned a trip to the FIFA congress in Canada, saying they had been “insulted” by Canadian immigration officers.

One of their delegation, Mehdi Taj, is a former member of the Revolutionary Guards, which Canada has also designated a terror group.

The Iranian football team hope to play two friendlies in Antalya.

They have already confirmed one match, against The Gambia, on May 29, said Sam Mehdizadeh, an Iranian-Canadian who heads a company that sets up friendlies for the team.

“No visas have been issued yet,” Taj, the head of Iran’s football federation, told Iranian media on Thursday.

On Saturday, FIFA secretary general Mattias Grafstrom held a meeting in Turkey with the federation, describing it as constructive, as did Taj.

When the squad reaches the United States, Iran will set up their base camp in Tucson, Arizona.

The team, who are in Group G, are due to kick off their campaign against New Zealand in Los Angeles on 15 June, before facing Belgium in the same city and then Egypt in Seattle.

 

 

AFP

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