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Recent Fuel Price Hikes in India (May)

Rising fuel costs in India due to regional instability impacting global oil prices.

Primary Sources

usatoday.com
Iran war updates: Trump says no 'rush' to finalize peace deal

4:34 pm ET May 24, 2026US official: Iran peace deal commits regime to giving up enriched uraniumZac Anderson and Francesca ChambersThe peace deal being negotiated between the Trump administration and Iranian officials ensures the Strait of Hormuz reopens and that Iran gives up its enriched uranium, a senior Trump administration official said.The administration is working with Tehran on crafting a memorandum of understanding outlining the principles of the peace plan. It commits Iran to giving up its nuclear material, and gives the parties 60 days to figure out how that will work, the official said.The deal is crafted, in a way, that Iran will not receive any concessions from the United States unless Tehran delivers on its promises, the official said.2:48 pm ET May 24, 2026Trump says Iran deal not 'fully negotiated yet,' calls critics 'losers'Zac AndersonTrump lashed out Sunday at critics who have raised concerns about the deal he is negotiating with Iran to end the war, calling them "losers, who are critical about something they know nothing about."The president also emphasized that the pact "isn't even fully negotiated yet," a day after he suggested it was almost finalized and said details would be released "shortly."Trump's Sunday social media post comes after some prominent conservatives questioned the direction of Iran negotiations. Former Secretary of State Mike Pompeo said in a May 23 social media post that "the deal being floated" is "not remotely America First.""If I make a deal with Iran, it will be a good and proper one, not like the one made by Obama," Trump wrote.1:23 pm ET May 24, 2026Some Republicans criticize potential agreementZac AndersonSome prominent Republicans and top Trump allies raised concerns about the direction of Iran negotiations as the president appeared to be closing in on a final deal, including GOP Sens. Lindsey Graham and Ted Cruz, as well as Mike Pompeo, who served as secretary of state and CIA director during Trump's first administration."I am deeply concerned about what we are hearing about an Iran 'deal,' being pushed by some voices in the administration," Cruz shared in a post on X.Amid the reaction, President Donald Trump indicated he's not in a hurry to reach an agreement."Both sides must take their time and get it right. There can be no mistakes!" Trump said Sunday.11:46 am ET May 24, 2026White House spokesperson tells Pompeo to 'shut his stupid mouth' over Iran criticismZac AndersonThe White House is responding agg...

usatoday.com
cbsnews.com
Live Updates: Iran-U.S. negotiators have agreed to broad principles of ...

18m ago Iran says progress on many issues with US but agreement not imminent Iran said Monday that Tehran and Washington had reached understandings on many issues in exchanges over a deal for ending the war, but warned an agreement was not imminent. "It is correct to say that we have reached a conclusion on a large portion of the issues under discussion," foreign ministry spokesman Esmaeil Baqaei said during a weekly news briefing. "But to say that this means the signing of an agreement is imminent -- no one can make such a claim," he said, accusing Washington of shifting its positions. 2:56 AM Key Pakistani US-Iran mediator in China with Prime Minister Sharif, Pakistan TV says Pakistan's key mediator between the United States and Iran, army chief Asim Munir, is in Beijing alongside his country's Prime Minister Shehbaz Sharif for talks with Chinese leaders, Pakistan television showed on Monday.China President Xi Jinping met with Shehbaz on Monday, Chinese state media reported, according to the Reuters News service.Munir was in Tehran on Friday and Saturday alongside Pakistan's Interior Minister Mohsin Naqvi as part of ongoing mediation efforts to formally end the Iran war. China has said it would work with Pakistan to "make positive contributions to the early restoration of peace and stability in the Middle East." 2:26 AM Israel's military issues new evacuation warning to 10 Lebanon villages Israel's military on Monday warned residents of 10 villages, most of them in southern Lebanon, to evacuate their homes ahead of expected strikes against alleged Hezbollah targets. "In light of Hezbollah's violation of the ceasefire agreement, the Israel Defense Forces are compelled to operate against it with force," the military's Arabic-language spokesman, Colonel Avichay Adraee, said in a social media post, listing the names of the villages. "For your safety, you must evacuate your homes immediately and move at least 1,000 meters (six-tenths-of-a-mile) away from these towns and villages to open areas." 2:12 AM Rubio says Iran deal still possible Monday Secretary of State Marco Rubio said Monday that a deal to end the war with Iran could materialize "today," adding that Israel had the right to defend itself against attack. "We thought we might have some news last night, maybe today; I wouldn't read too much into it," Rubio said in New Delhi, referring to the potential agreement. "We have what I think is a pretty solid thing on the table in terms of their ab...

cbsnews.com
reuters.com
Trump says there is no rush for Iran deal, US blockade stays

Trump administration downplays hopes of reaching a deal soon Blockade of Iran will remain until agreement is signed, Trump says Iranians accuse US of obstructing progress on issues such as frozen ...

reuters.com
aljazeera.com
Iran war day 87: Trump says US not in rush to sign deal, dashing ...

EXPLAINERIranian media are reporting that a deal may not be reached amid disagreements on some key issues.United States President Donald Trump has told his representatives not to rush into any deal with Iran, as his administration played down hopes of an imminent breakthrough in the three-month-old war that had been raised a day earlier.The US blockade on Iranian ships in the Strait of Hormuz would “remain in full force and effect until an agreement is reached, certified, and signed”, Trump wrote on Truth Social a day after he said a deal had “largely been negotiated”, which included the reopening of the vital waterway.There was no immediate response from the Iranian government. However, the Tasnim news agency, which is linked to the Islamic Revolutionary Guard Corps (IRGC), said the US was still obstructing parts of a potential deal, including Tehran’s demand for the release of frozen funds.The two sides remain at odds on several difficult issues, such as Iran’s nuclear ambitions, Israel’s war in Lebanon and the lifting of sanctions on Tehran and the release of its frozen foreign assets worth billions of dollars.As the war enters its 87th day on Monday, here is what is happening:In Iran Iranian state media reported that a man, identified as Abbas Akbari, was executed over charges pertaining to the nationwide antigovernment protests in January. A liquefied natural gas (LNG) tanker was exiting the Strait of Hormuz and heading to Pakistan on Monday, while a China-bound supertanker with Iraqi crude left the Gulf on Saturday after being stranded for nearly three months, shipping data showed. War diplomacy A senior Trump administration official told reporters an agreement would not be signed on Sunday, saying the Iranian system did not move fast enough, the Reuters news agency reported. But he outlined what he said were the latest contours of what was being negotiated. The official, speaking on condition of anonymity, said Iran had agreed “in principle” to open the Strait of Hormuz, in exchange for the US lifting its naval blockade, and to dispose of Tehran’s highly enriched uranium. He said the US understood Iran’s Supreme Leader Mojtaba Khamenei had endorsed the broad template of the deal. There was no immediate confirmation from Iran or elaboration on what an “in principle” agreement meant. In the US “We’re either going to have a good agreement, or we’re going to have to deal with it another way. We’d prefer to have a good agreement,” US Secretary of State M...

aljazeera.com