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Bilateral relations
Relations between Iran and the United States began in the mid-19th century, when Iran was known to the Western world as Qajar Persia. While Persia was the object of British and Russian colonial interests during the Great Game, the US gained the trust of its leaders, with Arthur Millspaugh and Morgan Shuster appointed treasurers-general by the Shahs. During World War II, Iran was invaded by the United Kingdom and the Soviet Union, both U.S. allies.
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Brent crude fell on Wednesday morning after Donald Trump said US and Iranian representatives had held what he called “very productive” talks. Reports that Saudi Arabia is restarting a key oil pipeline also weighed on prices.View on euronews
- Oil prices gain as uncertainty over Hormuz reopening and Iranian crude exports keeps risk premium elevated - Anadolu Agency
Iran sanctions uncertainty supports crude supply risk as WTI tests $88.71, while constrained Qatar LNG flows keep global natural gas markets tight.