• Iran's Foreign Minister Abbas Araqchi reportedly met with US Special Envoy Steve Witkoff on Tuesday, on the sidelines of the UN General Assembly. READ MORE BELOW

• The Islamic Revolution Guard Corps (IRGC) said Iran possesses the technological infrastructure to make missiles with significantly longer ranges. READ MORE BELOW

• Iranian President Masoud Pezeshkian has arrived in New York where he is expected to speak at the United Nations General Assembly. SEE VIDEO BELOW

• Iran Revolutionary Guards (IRGC) spokesman Hossein Mohebi said on Tuesday that Iran had hardened its conditions for ending the war with the US. 

• Iran has restored about 50% of damaged production capacity at the South Pars gas field, Deputy Oil Minister Ahmad Zeraatkar was reported as saying on Wednesday by the semi-official Fars news agency.

• Three commodity vessels transited the Strait of Hormuz on Tuesday, down from four a day earlier and below the 10-day moving average of about 15, preliminary shipping data showed.

• Oil prices fell a little more than one percent on Tuesday as markets focused on the potential upside of renewed US-Iran diplomatic engagement.

• Iranian airlines were forced to cancel some international flights on Wednesday after the US tightened sanctions on Iran's aviation industry in a new effort to cripple its economy.

US-Iran talks held via mediators

Iran's Foreign Minister Abbas Araqchi reportedly met with US Special Envoy Steve Witkoff on Tuesday, on the sidelines of the UN General Assembly in a meeting during which Iran's conditions to reopen the strategic Strait of Hormuz were conveyed to the US, according to Iran's state media.

Conditions for reopening the strait include immediate lifting of the naval blockade, immediate release of frozen Iranian assets and end of war across all 'resistance' fronts, state media added.

Iranian Foreign Ministry spokesperson Esmail Baghaei told state news agency IRNA that Iran's conditions included an end to the naval blockade and economic warfare.

US President Donald Trump told reporters at the United Nations that US officials had held a "very good" three-hour meeting with the Iranian delegation on Tuesday. 

Trump later told reporters that special envoys Steve Witkoff and Jared Kushner had met with mediators rather than Iranian officials directly.

"Steve and Jared had a very productive meeting today with mediators of Iran, merely mediators," he told reporters at the start of a meeting with Gulf leaders at the UN. "Let's see what happens with that."

Iran says its new weapons have longer range

Iran's Islamic Revolution Guard Corps (IRGC) announced on Tuesday that the country possesses the technological infrastructure to make missiles with significantly longer ranges.

IRGC spokesman Hossein Mohebbi made the announcement in an interview with the official news agency IRNA, stressing that a political decision needs to be made within the country regarding the production of such missiles.

Mohebbi noted that in any confrontation, Iran will unveil new weapons with new ranges, precision and destructive power, emphasizing that the battlefield is the best place to test new weapons.

He said Iran recently tested a new missile on an aircraft carrier and a warship both belonging to the United States, adding the missile hit the aircraft carrier, which was within a range of 500 km.

Mohebbi explained that the strike did not disable the U.S. aircraft carrier, but caused damage to it, saying Iran maintains that the strike inflicted casualties, although the United States did not announce that.