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Masoud Pezeshkian, Iran’s president, has been forced to deny claims that he has repeatedly threatened to resign as he battles hardline factions opposed to reaching a settlement with the US over the strait of Hormuz. The US and Europe hope a deal is imminent to reopen the strait and they are putting pressure on Oman to accept a temporary agreement that officials in Muscat fear will leave Iran retaining near permanent dominance of the vital oil shipping channel. Ships would enter the strait in a route close to Iran, but leave on a route that passes through Iranian and Omani waters. But far from being feted over an imminent diplomatic victory, Pezeshkian was instead forced to deny that he had repeatedly offered to resign, verbally and in writing, during a television interview marking his second anniversary in the job. Pezeshkian accused some of wishing to create a rift inside Iran and said: “If I want to resign, I will officially announce that I have resigned. I will not resign, I will stand.” View image in fullscreen An anti-US billboard at Enqelab Square in central Tehran, Iran. Photograph: Abedin Taherkenareh/EPA The resignation claims, which have been front page news in Iran, were made by Mohammad Bagher Kharazi, who is linked by marriage to Mojtaba Khamenei, the new supreme leader. He said Pezeshkian had become frustrated at being excluded from decision making, made worse by the supreme leader’s reluctance to reveal his whereabouts for fear of foreign intelligence agencies. Khamenei was badly injured in the Israeli bombing on the first day of the war that killed his father and has not been seen or heard in public since. Kharazi claimed Pezeshkian had threatened to quit so many times that Khamenei warned him he would accept the next resignation threat, a claim Khamenei’s office eventually said on Tuesday was “fundamentally false and untrue”. Pezeshkian insisted in the interview that he was in complete harmony with the military and said those that claimed 30,000 people had been killed in the January protests never took up the offer to provide proof. The interview, marking the halfway point of his turbulent presidency, appeared to be an attempt to dispel the impression that his belief in consensus was a weakness, or that he had been sidelined by hardline war leaders. Kharazi is the brother-in-law of Massoud Khamenei, the younger brother of the supreme leader. Critics say he has a record of making unsubstantiated allegations and despite his family connections to the supreme leader, it is not clear if he has seen him since his elevation to the post in March. However, the row has highlighted the deep strategic and tactical differences inside Iran over the wisdom of talks with the US. Mehdi Tabatabaei, a senior member of the Iranian president’s office, described the reports as “complete nonsense and lies”. In a post on social media, he condemned a “sinister coalition of lying, deceitful and reckless extremism”who could not accept democratic outcomes. He said: “Two years have passed since their failure in the arena of national elections, yet they are still seeking revenge against the will of the nation. They have become puppets of Iran’s enemies.” Ahmad Zeidabadi, a reformist reporter, said the claims were inflammatory and served only to exacerbate tensions. Pezeshkian on Sunday suggested that the memorandum of understanding, negotiated with the US in June and reviled by some hardliners, will serve as a cornerstone for Iranian foreign relations in the future, saying that Iran “must strive to compel the enemy to remain committed to what it has signed”. On Monday, the conservative-dominated Assembly of Experts issued a statement describing hopes for an agreement or understanding with the US as “futile” and labelled what it termed “whispers of capitulation in the name of defending peace” an “unforgivable betrayal”. It added that trusting this arrogant government is nothing more than a mirage. Khamenei himself had said in April he was opposed to talks with the US in principle, but in deference to Pezeshkian had allowed them to go ahead.

Eight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent energy prices soaring and the emissions-fuelled climate crisis caused deadly heatwaves. The windfall war profits have reignited calls for oil and gas supermajors such as Saudi Aramco and BP to pay for the environmental damage caused by “cashing in on human misery” and fund a rapid transition to renewable energy. A Guardian analysis found the eight listed oil producers made almost $93bn (£69bn) in the three months to the end of June – the first full financial quarter after the US-Israeli war on Iran triggered a surge in global oil prices to highs above $126 a barrel. The companies have used the biggest disruption of fossil fuel supplies in the market’s history to almost double their combined profits from just under $50bn in the same period last year, with campaigners warning that millions of households are left “paying the price” in higher bills and climate chaos. The data suggests the eight oil companies – Aramco, BP, Shell, Equinor, TotalEnergies, Eni, Chevron and ExxonMobil – made more than $700,000 of profit every minute over the spring quarter. While their market valuations were swelling by about $600bn to above $3tn, temperatures built towards a run of deadly heatwaves, all made more likely and more severe by burning fossil fuels. Carbon emissions from the world’s biggest fossil fuel firms were directly linked to fatal spells of hot weather for the first time by scientific analysis published last September. It found the emissions from any one of the 14 biggest companies were each enough to cause more than 50 heatwaves that would otherwise have been virtually impossible. View image in fullscreen Blackheath in south London, a wide open common usually known for its sweeping green spaces and views, has been left looking scorched and barren by the severe drought that was officially declared across more than half of England in late July 2026. Photograph: Fraser Gray/Shutterstock The biggest oil profits in the spring quarter were raked in by Saudi Arabia’s state-owned oil company, Aramco, which reported a 34% increase in its quarterly net income to more than $33bn, even as its infrastructure was damaged by drone and missile strikes from Iranian and Houthi forces. Saudi Aramco’s fossil fuel production has made it responsible for more carbon emissions than any company in history, according to the database Carbon Majors, followed by Chevron and ExxonMobil and with Shell and BP in the top 10. Saudi Arabia has for decades led successful efforts to block and delay international climate action. On Tuesday BP became one of the last big oil companies to publish its results for the April to June period, reporting quarterly profits of about $5.73bn – the highest since the first year of Russia’s full-scale war on Ukraine and more than double the $2.5bn of the previous three months. “BP’s sky-high profits are a scandalous reminder of who’s been cashing in on human misery this year,” said Patrick Galey, the lead on fossil fuels at Global Witness. “While wildfires threaten communities across the world, drought bites and energy costs spiral, ordinary families are paying the price for big oil’s prioritisation of shareholder wealth over a livable planet.” “It’s time to make oil giants pay up to repair the climate breakdown they’re driving,” he added. “Think how many fire and flood defences we could build, or how many solar panels we could install if big oil paid their fair share in taxes.” Rosie Downes, the head of campaigns at Friends of the Earth, said: “While BP banks another round of enormous profits, millions of households are paying the price through sky-high energy bills and a climate crisis accelerating rapidly out of control.” BP’s new chief executive, Meg O’Neill, defended the company’s profits by saying it was “focused on the things we can do to try to help address the situation” such as reliably producing more of the oil products that are in short supply. The company has also been slashing the amount it spends on green energy since it dropped its environmental ambitions in a “fundamental reset” early last year, cutting its annual energy transition budget from $5bn to $1.5bn-$2bn. In recent years BP has spun off its UK offshore windfarms into a joint venture, sold its US onshore wind business and on Tuesday announced it would sell its $4bn US biogas business, which captures methane from landfill sites and is the largest renewable gas producer in the US. It is also reportedly in advanced talks to sell its solar power business, Lightsource, to a consortium backed by Kuwait’s sovereign wealth fund, according to the Financial Times. On Friday BP put its North Sea oil and gas business up for sale after more than 60 years operating it, reigniting calls for the UK government to rule out the development of two controversial North Sea fields in the ageing basin. Shell last week reported its second highest quarterly profits ever as its net income jumped to $9.84bn, despite producing less gas from its Qatar gas plant due to billions of dollars worth of damage caused by the war. Equinor’s profits climbed to $3.2bn in the same period, up from $1.8bn in the spring quarter last year. In the US, the profits reported by oil companies Chevron and ExxonMobil provoked criticism from Donald Trump. The US president accused the pair of “making too much money” from his war on Iran and warned that they would be made to return profits to the public as he nears the November midterm elections with flagging approval ratings. Chevron reported net income of $12.2bn for the second quarter, a more than fivefold increase on the same period last year. ExxonMobil reported a profit of $14.5bn, double what it made in the same period a year ago and its highest quarterly profit since Russia’s 2022 invasion of Ukraine. Galey said: “You know big oil is taking us for a ride when one of their biggest allies, Donald Trump, is telling them to rein their profiteering in.” The impacts this summer include Europe’s worst ever heatwave, another categorised by scientists as “impossible” without human-caused global heating. About 20,000 people are estimated to have died due to the extreme temperatures, including close to 3,000 in the UK in May and June alone. South Korea and Japan have also experienced record-breaking heat of up to 42.5C, with the Korean weather agency instructing people to “immediately stop all outdoor activities”, while the climate crisis pushed up temperatures across much of Africa in July. Global heating makes every heatwave more intense and more likely and rising global temperatures kill one person a minute around the world, a major report in the Lancet estimated in October. “Around the world, climate-driven disasters are reaching nightmare proportions,” said the UN climate chief, Simon Stiell, adding: “What needs to be done is clear: leave coal, oil and gas behind faster, scale up renewables, and protect people where the impacts are already hitting hardest.” View image in fullscreen A firefighter works to extinguish an advancing wildfire near Formariz in Zamora province, Spain, on 29 July Photograph: Ümit Bektaş/Reuters Europe’s succession of heatwaves has “sucked soils dry” and led to extreme drought, damaging food supplies from maize to sunflowers to salad. At least 9m tonnes of grain are expected to be lost with, for example, the UK facing its worst harvest on record. The arid conditions have also enabled huge wildfires in France, Spain, Portugal and Greece, causing billions of Euros of damage. The blazes send toxic air pollution soaring and in the US and Canada the fires from 15-23 July are estimated to have caused about 4,000 deaths within a week of exposure. The climate crisis is making fire weather worse and about 1.5 million people a year have their lives shortened by wildfire smoke. In south Asia, the climate crisis is supercharging extreme rainfall – air that is 1C warmer holds 7% more water. More than 40cm of rain fell in 24 hours in Chattogram in Bangladesh in early July, for example, leading to flash flooding. Floods and landslides have taken lives and livelihoods in Pakistan and India. There have also been dozens of fatalities in north-west China, where many thousands of people have been evacuated due to heavy storms. The eight oil companies were contacted for comment.

US and Qatari officials have said progress is being made in restoring a ceasefire in the US-Iran war and reopening the strait of Hormuz. The optimistic speculation on Tuesday brought oil prices down 2%, but the strait remained closed to shipping and a cargo vessel was reportedly struck by an unidentified projectile off Oman’s coast close to the strait. Britain’s maritime security agency, UKMTO, reported the strike on Monday night but did not name the vessel. The US treasury secretary, Scott Bessent, said the US and Iran were negotiating and told CNBC television: “I think there is a chance we may have a deal today ​or tomorrow to open the strait and move towards a more normalised ​position in this conflict.” His remarks echo similarly upbeat comments on Monday from Donald Trump, who claimed that a breakthrough was imminent, though Tehran quickly denied it was involved in any direct talks with the US. Qatari and Pakistani mediators said they were talking to both sides in an effort to close gaps, restore the ceasefire deal from the memorandum of understanding (MoU) signed in mid-June and reopen the Hormuz strait, which was the portal for a fifth of the world’s oil and liquified natural gas. Qatar’s ‌foreign ministry spokesperson, Majed al-Ansari, said Qatar, Pakistan and Oman were mediating in close coordination and exchanging draft proposals between Washington and Tehran. He said the diplomatic contacts had reached “very progressive stages”. A senior Pakistani security official told Reuters news agency: “A lot is happening in the ‌background … We are talking to both sides. Our sole goal at this moment is to make both parties at least agree to start talking.” The focus of negotiations in recent days has been between Iran and Oman on a temporary transit scheme that would allow ships to enter and leave the Gulf. The MoU broke down in July when vessels tried to cross the strait along the Omani coast without seeking Iranian approval, and Iran attacked them. Regional diplomats involved in the talks said that Oman was under concerted US, European and Saudi pressure to accept a temporary scheme that would allow shipping to enter the Gulf via a route through the strait close to Iran, and then leave on a southern route along the Omani coast, which would be jointly controlled with Iran. The contentious issue of Iran’s demand to charge transiting vessels tolls or other fees would be left to be decided during a 60-day negotiating period, during which time Iran’s nuclear programme would also be addressed. The Omani government has been resisting the Hormuz proposal out of fear it could become permanent and give Tehran an enduring say over sea routes in Omani waters, the regional diplomats said. The talks are complicated by splits in Tehran, according to the diplomats, with the foreign ministry keen to do a deal and fearing Iranian control of the Hormuz strait could prove to be a wasting asset over time as sea traffic finds alternative routes. Regime hardliners, on the other hand, oppose the deal on the grounds that the US administration cannot be trusted to deliver the financial benefits promised in return for opening the strait. Riyadh was putting particularly heavy pressure on Oman, one diplomat said, because the Saudis thought “we may be on the brink of a regional war because there is a big faction in Iran that does not want a deal under any circumstances”.

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الرياض - مباشر: شهد سوق الأسهم السعودية، بنهاية التعاملات، تركزت السيولة بشكل مكثف في أسهم الطاقة والبنوك والبتروكيماويات، حيث استحوذت الأسهم العشرة الأكثر نشاطا من حيث القيمة على نحو 37% من إجمالي تداولات السوق، التي بلغت 6.04 مليار ريال. وأغلق المؤشر العام للسوق المالية السعودية (تاسي) تعاملات جلسة الثلاثاء على ارتفاع بنسبة 0.32% ليصل إلى مستوى 10,858.14 نقطة، رابحا 34.5 نقطة. تصدر سهم أرامكو السعودية قائمة الأسهم الأكثر نشاطاً من حيث القيمة، حيث بلغت تداولاته 505.18 مليون ريال، ما يمثل نحو 8.3% من إجمالي سيولة السوق، وأغلق السهم على تراجع بنسبة 0.81% ليصل إلى مستوى 26.9 ريال، بعد تداول 18.66 مليون سهم. وجاء سهم بترو رابغ في المرتبة الثانية بسيولة بلغت 376.93 مليون ريال، مرتفعاً بنسبة طفيفة بلغت 0.12% ليغلق عند 16.99 ريال، مسجلاً أعلى كمية تداول بين الأسهم القيادية بنحو 21.97 مليون سهم. وفي القطاع المصرفي، شهد سهم مصرف الراجحي تداولات بقيمة 292.85 مليون ريال، محققاً مكاسب بنسبة 0.16% ليغلق عند مستوى 64.3 ريال، كما برز سهم البنك الأهلي السعودي كأحد المحركات القوية للمؤشر اليوم بعد صعوده بنسبة 2.18% ليغلق عند 40.38 ريال، مسجلاً تداولات بلغت قيمتها 165.36 مليون ريال. وسجل سهم سابك للمغذيات الزراعية نمواً ملحوظاً بنسبة 4.44% ليصل إلى مستوى 122.3 ريال، وبقيمة تداولات بلغت 124.3 مليون ريال، وارتفع سهم شركة سابك بنسبة 0.69% ليغلق عند 51.3 ريال، محققاً سيولة بلغت 124.33 مليون ريال. وتراجع سهم شركة الاتصالات السعودية (اس تي سي) بنسبة 0.87% ليغلق عند 43.54 ريال، وسط تداولات بلغت قيمتها 137.89 مليون ريال، وشهد سهم شركة الدريس ارتفاعاً بنسبة 1.77% ليصل إلى سعر 121 ريال، بسيولة بلغت 122.45 مليون ريال. وانخفض سهم جبل عمر بنسبة 0.56% ليغلق عند 17.7 ريال، بعد أن جذب سيولة بلغت 119.57 مليون ريال من خلال تداول 6.81 مليون سهم.