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Brent Crude fell to $77 per barrel, its lowest in nearly three months.
The operation will be carried out in close cooperation with Iran, Oman, other coastal states, and the United States.
Human rights groups and European politicians charge that this legitimizes the Islamist regime running Afghanistan.
The military command also said that two U.S. Air Force A-10 attack airplanes were flying ‘over the Middle East during a routine patrol.’
American drivers are seeing relief at the pump as gas prices extend a multi-week decline tied to lower oil costs.
The president said he will ‘do what I have to do’ if Iran fails to honor commitments under the war-ending memorandum of understanding.
JD Vance did not specifically say Iran had agreed to inspections of nuclear facilities damaged during the conflict.
The Israeli leader cited the need to defend northern Israeli communities against Hezbollah attacks.
Oil prices had already begun to drop before Bessent’s announcement, in the wake of the talks.
Mullin also said he has engaged in ’multiple conversations’ with FIFA President Gianni Infantino on the matter.
The vice president said the talks produced progress on nuclear monitoring, the Strait of Hormuz, and a mechanism to manage tensions in Lebanon.
The market calmed following negotiations in the Alpine nation that saw the reopening of the Strait of Hormuz.
‘Flows of oil and natural gas through the straits have already returned to normal,’ U.S. Energy Secretary Chris Wright says.
The remarks were made as Vance and other Trump administration negotiators met with Iranian officials in Switzerland.
According to a joint statement, the parties have agreed to work toward reaching a final deal within 60 days, with technical talks to start immediately.
Iranian authorities earlier announced they had closed the Strait of Hormuz in response to Israeli military operations in Lebanon.
Talks had been postponed because of clashes between Israeli forces and Hezbollah in Lebanon.
Iranian state media reported the closure was due to violations by the United States and Israel.
