U.S. military team arrives in Lebanon to support ceasefire with Israel

Iranian statements on sanctions and negotiations Iran’s foreign minister criticised the United States over its failure to uphold the interim agreement, warning that the administration’s actions demonstrate a clear breach of established commitments after the U.S. imposed renewed sanctions.

Iran’s lead negotiator stated that Tehran will never capitulate to the U.S. and remains fully prepared to defend itself if Washington breaches the memorandum of understanding. An Iranian official said an “errant” group of hardliners had tried to undermine negotiations by firing on commercial ships earlier this week.

Senior U.S. officials told CBS News that Iranian representatives later returned to the table and said they had “screwed up” and wanted to keep talking.

Oil demand projected to fall The International Energy Agency says global oil demand is projected to drop this year for the first time since the 2020 pandemic, largely due to the U.S.-Iran war, according to a report by The Associated Press. The anticipated 2026 decline of roughly one million barrels per day stems from high prices and shipping disruptions in the Gulf.

Many crude oil tankers have been stranded for over three months, unable to safely navigate the Strait of Hormuz. In May, global consumption fell by 5.3 million barrels per day compared with last year, averaging 97.9 million barrels. Asia bore the brunt of the slump, with China recording the world’s sharpest decline at 9 percent, or 1.5 million barrels per day.

The U.S. was the primary exception, where petrol usage rose during the second quarter of 2026 despite pump prices soaring roughly 50 percent above pre-war levels in May.

Iranian research infrastructure damage Hossein Afshin, the Iranian president’s deputy for science, technology and knowledge-based economy, said the country’s research infrastructure has suffered about $300 million in damage in the war. “We were working on emerging technologies in the country that had no military application, and the enemy had targeted Iran’s scientific and technological authority, which will be rebuilt with strength,” he said, according to IRNA.

Esmaeil Baghaei, spokesperson for Iran’s Ministry of Foreign Affairs, posted on X that the nation’s armed forces keep the enemy’s movements under surveillance on coasts, islands, borders and other sensitive points.