GeopoliticsIran Tries to Oust Diplomat Who Met Trump Envoys: Will It Reverse...

Iran Tries to Oust Diplomat Who Met Trump Envoys: Will It Reverse Oil Price Slide?

Iranian lawmakers want Foreign Minister Abbas Araghchi removed over his contact with President Donald Trump’s envoys in New York. The bid comes as Iran’s oil exports have fallen to zero.

The US, however, tells a different story about that contact. Trump envoy Steve Witkoff says the talks ran through mediators.

Why Iran’s Hardliners Want Araghchi Gone

Tehran lawmaker Amirhossein Sabeti filed the impeachment motion. He says Araghchi met Witkoff “without permission from the leader,” The National reported. That means Supreme Leader Mojtaba Khamenei.

Iran’s state broadcaster said the two men met at the UN on September 22. It said Witkoff asked for it, according to The New Arab.

“We engaged in lengthy talks with the Iranian delegation through the mediators, who shuttled between the two sides throughout the day,” Axios reported, citing Witkoff.

Iran’s foreign ministry also said contact ran only through Qatari go-betweens, IranWire reported. Lawmaker Mojtaba Zarei says Araghchi had the approval he needed.

This parliament has fired one of President Masoud Pezeshkian’s ministers before. In March 2025, 182 of 273 lawmakers voted out Economy Minister Abdolnaser Hemmati, Al Jazeera reported.

As of Tuesday, the motion had not reached parliament’s presiding board, the step before any formal review.

Are US Talks Over?

Trump called the New York session “very productive.” By September 27, after rejecting Iran’s ceasefire offer, he sounded colder.

“They want to make a deal, but it is not the deal that I want to make,” Axios reported.

He still told Axios he expects more talks.

Iran loaded no crude for export in September, the first time since 1979, according to Kpler data. Oil Minister Mohsen Paknejad quit on Sunday.

Iran had about 90 million barrels of crude stored on tankers in July. By early September, it had 29 million, Kpler data show. As BeInCrypto reported when Iran’s oil minister quit, that supply could run out this month.

Asked about new strikes on Iran, Trump said he is “always thinking about it.”

Oil Price Drops To Its Lowest Level in A Month

Oil kept falling on Tuesday. West Texas Intermediate (WTI), the US benchmark, dropped 2.5% to $88, its lowest level in about a month.

Brent crude, the global benchmark, fell 2.6% to $100.46. It was Brent’s third straight daily loss.

Supply from Iran’s neighbors is coming back. Saudi Arabia’s energy minister said the kingdom’s East-West Pipeline is again moving 5.8 million barrels a day. The pipeline carries crude across Saudi Arabia to the Red Sea, bypassing the Strait of Hormuz.

The Group of Seven (G7) has also agreed to release 100 million barrels from emergency oil reserves.

- Advertisement -spot_img

More From UrbanEdge

Bitcoin Price Lags as S&P 500 and Nasdaq Hit Record High

Bitcoin slips as the S&P 500 and Nasdaq close at records on AI optimism. See why crypto is missing the stock rally. The post Bitcoin Price Lags as S&P 500 and Nasdaq Hit Record High appeared first on BeInCrypto.

China Could Trigger the Next Bitcoin Supercycle: What’s Stopping It?

A former UBS banker says China could spark a Bitcoin supercycle. See what Beijing must fix first and Hong Kong's role. The post China Could Trigger the Next Bitcoin Supercycle: What's Stopping It? appeared first on BeInCrypto.

Winklevoss Plans a Zcash ETF 10x Cheaper Than Grayscale

Grayscale's Zcash ETF lost $218 million in assets as Winklevoss files a rival fund at a tenth of the fee. The post Winklevoss Plans a Zcash ETF 10x Cheaper Than Grayscale appeared first on BeInCrypto.

Are Binance Users Selling Ethereum for Bitcoin?

Binance proof of reserves shows $537 million flowing into Bitcoin and $499 million out of ETH in September. Here is why. The post Are Binance Users Selling Ethereum for Bitcoin? appeared first on BeInCrypto.

The Reality of AI Agentic Payments in 2026

There is nothing more trending in the tech, finance, and media world than AI agents. In the financial space, agentic payments are being discussed as the next biggest disruption – something similar in scale to contactless payments.  But what’s the reality behind the headline numbers? BeInCrypto’s latest research, The State of AI Agent Payments 2026,…

Prediction Markets Just Hit $188 Billion, and One Company is Dominating

Prediction markets hit a record $188 billion in Q3 2026. See how the figure is counted and what buyers actually paid. The post Prediction Markets Just Hit $188 Billion, and One Company is Dominating appeared first on BeInCrypto.

Analysts Set Ambitious Bull Market Targets For Bitcoin, Ethereum, and XRP

Several crypto analysts are again putting big numbers on the table for a potential bullish cycle. Bitcoin at $190,000. Ethereum near $9,000. XRP above $30. Solana above $2,700. These are some of the wild, ambitious targets being described by popular figures.  The targets vary wildly, and so does the reasoning behind them. Some analysts are…

Arcanum Wave Review 2026: More Control, Higher Stakes

Knowing when to enter and exit a crypto trade is probably the hardest decision for any user. Automated bots can make both decisions, but many traders still want the final say over how their money is used. Arcanum Wave puts the trader back in charge. Every four hours, its algorithm identifies setups, scores their strength,…

Which Crypto Has the Best Chart? Peter Brandt Compares XRP, Monero and Solana

Veteran trader Peter Brandt recently published a weekly chart comparison of XRP, Monero, and Solana. He judged each asset purely on classical price patterns and measured moves. His verdict places XRP behind its peers, and the reasons show how chart structure separates strong setups from weak ones. How Brandt’s Chart Comparison Treats XRP Brandt’s chart…
- Advertisement -spot_img