Washington has intensified pressure on Tehran as the ongoing conflict between the United States, Israel and Iran continues without a breakthrough, while regional violence and energy disruptions escalate across the Middle East. The war, which began after major strikes on Iran starting February 28, has pushed oil prices higher and created a growing geopolitical deadlock.

Intel (INTC.O), opens new tab has reached a preliminary deal with Apple to make some of the chips that power the iPhone maker's devices, the Wall Street Journal reported on Friday, in ​a major boost for the chipmaker's bid to revive its manufacturing business.

US and Iranian officials are due to meet in Geneva on Thursday for a third round of indirect talks, as President Donald Trump threatens to strike Iran if a nuclear deal is not reached.

Iranian Foreign Minister Abbas Araghchi stated on Saturday that Iran views nuclear weapons as “unacceptable,” reaffirming the country’s longstanding position, supported by a religious fatwa, amid sensitive negotiations with the United States.