US Treasury secretary Scott Bessent says Iranâs Kharg Island storage facilities will be full and their âfragileâ oil wells shut in mere days because of the blockade; oil prices rise amid ongoing uncertaintyTrump announces extension of Iran ceasefire until âdiscussion concludedâShares have been mixed in early trading across Asia, while oil prices have eased on hopes the US and Iran may resume talks to end their war.The price of Brent crude edged 0.2% lower but was still above $98 a barrel. US benchmark crude fell 0.4% to $89.29 a barrel. Continue reading...
Iranian official stresses no decision made on taking part, as US vice-president JD Vance is set to travel to Islamabad for negotiations JD Vance to lead US delegation in Pakistan if Iran agrees to talksOn Tuesday morning, Islamabad sat poised and ready to host a second round of talks â even as uncertainty reigned over whether both sides would even turn up.Pakistani officials remained optimistic that the second round of negotiations would happen, even as Iranian ministers said they would refuse to come to the table under the threat of âforceâ and it remained unclear exactly when US vice-president JD Vance planned to depart Washington for Islamabad. Continue reading...
Donald Trump said on Sunday that US marines had taken custody of a vessel that tried to get past the American blockade on Iranian portsTehran has âno plans to participateâ in new talks, state media reports, as it accuses US of violating ceasefireJust to recap the latest peace talks news, and whether or not Iran will attend negotiations in Pakistan.State broadcaster IRIB on Sunday cited Iranian sources as saying âthere are currently no plans to participate in the next round of Iran-US talksâ.Iran has reportedly rejected participation in a second round of peace talks with the US in Pakistan, citing âWashingtonâs excessive demands, unrealistic expectations, constant shifts in stance, repeated contradictions, and the ongoing naval blockade, which it considers a breach of the ceasefireâ, according to the official IRNA news agency.Hours before Iranâs statement, Trump said his negotiators would arrive in Islamabad on Monday evening. A White House official said the delegation would be led by vice-president JD Vance and include Middle East envoy Steve Witkoff and Trumpâs son-in-law Jared Kushner.Donald Trump said in a post on Sunday that the US marines have taken custody of a vessel that tried to get past the American blockade on Iranian ports, adding that US forces stopped the ship by blowing a hole in its engine room.The US military confirmed that the US destroyer fired âseveral roundsâ towards an Iranian-flagged ship that was attempting to pass through its naval blockade. In a statement released on Sunday, US Central Command said the USS Spruance intercepted the Iranian-flagged Touska ship as it travelled towards an Iranian port âin violation of the US blockade.âThe US blockade of Iranâs ports is a violation of the ceasefire agreement and is âboth unlawful and criminalâ, Esmaeil Baqaei, a spokesperson for Iranâs foreign ministry, said on Sunday.Oil prices jumped, the US dollar rose and stock futures fell on Monday as investors dealt with conflicting messages about the Iran war and news that the strait of Hormuz was closed again. In early Asian trading Brent crude futures jumped about 7% to $96.85 a barrel and S+P 500 futures fell about 0.9%. The euro was down 0.3% at $1.1735 and the yen eased about 0.2% to 158.95 per dollar. Continue reading...
Iranâs top negotiator says both sides remain far apart after Tehran again closed strait of Hormuz after US said it would not end its blockadeFull report: Iran closes strait of Hormuz again âuntil US lifts blockadeâWelcome to our live coverage of events in the Middle East.Iranâs top negotiator, Mohammad Bagher Ghalibaf, said on Saturday that the recent talks with the US had made progress but gaps remained over nuclear issues and the strait of Hormuz. âWe have had progress but there is still a big distance between us,â he told state media, referring to talks last weekend. âWe made progress in the negotiations, but there are many gaps and some fundamental points remain.âAfter the initial talks between the US and Iran last weekend in Pakistan, the Iranian deputy foreign minister, Saeed Khatibzadeh, said a second date cannot be set until both sides âhave agreed on the frameworkâ.Iranâs supreme national security council, the countryâs highest decision-making body under the supreme leader, said it is reviewing ânew proposalsâ put forward by the US, according to Iranian media.Hezbollah has denied it was involved in the deadly attack against UN peacekeepers in southern Lebanon, which killed a French soldier. A UN peacekeeper was killed and three others were injured after a patrol came under attack from ânon-state actorsâ, the UN Interim Force in Lebanon said.Israeli forces on Saturday began demolishing homes in the southern Lebanese town of Bint Jbeil and other border towns where Israeli troops are present, Lebanese state media reported.The Israeli military killed two Unicef-contracted truck drivers at a water point in the northern Gaza Strip, forcing the UN agency to suspend its operations in the area, Unicef said.Pope Leo XIV said that it is ânot in my interest at allâ to debate Trump about the Iran war, but that he would continue preaching the Gospel message of peace.Trump left the White House Saturday afternoon to play golf, despite Iranâs re-closure of the strait of Hormuz in response to the US blockade of Iranian ports. Continue reading...
Iranian parliamentary speaker also says passage through waterway will depend on Iranian authorisation and accuses Donald Trump of multiple falsehoodsIran says strait of Hormuz âcompletely openâ to commercial vessels as oil prices fallBritain will make âa wide-ranging military contributionâ to an international mission to protect shipping in the strait of Hormuz trade waterway, the UK ambassador to the US has said.Christian Turnerâs commitment comes amid long-running concerns over the state of Britainâs armed forces and warnings of under-funding. Continue reading...
AntĂłnio Guterres welcomes truce and says through spokesperson he hopes halt in fighting will âpave the way for negotiationsâHello and welcome to our live coverage of events in the Middle East.United Nations chief AntĂłnio Guterres has welcomed the ceasefire announced on Thursday between Israel and Lebanon, urging âall actorsâ to fully respect the truce.A 10-day ceasefire between Israel and Lebanon has come into effect, pausing fighting in a devastating conflict between Israel and Hezbollah that has killed more than 2,100 Lebanese people and displaced more than 2.1 million. The agreement was announced earlier by Donald Trump, who said he had spoken with Israeli prime minister Benjamin Netanyahu and Lebanese president Joseph Aoun, and invited both leaders âfor meaningful talksâ at the White House. Both leaders welcomed the agreement. But how long the ceasefire will hold is the key question, as both Israel and Hezbollah have maintained their right to defend themselves if the truce is broken. Hereâs our report.Netanyahu called it a âhistoricâ opportunity for peace, though he refused to withdraw his troops from southern Lebanon during the pause in fighting. âWe are remaining in Lebanon in an expanded security zone,â he said, due to the âdanger of an invasionâ and to prevent fire into Israel. âThat is where we are, and we are not leaving.â The Israeli prime minister maintained that his key demand was dismantling Hezbollah. He has previously declared his intention to occupy southern Lebanon up to the Litani River â about 30km from the border â while Lebanon demands the complete withdrawal of Israeli forces and for displaced residents to be able to return to their homes.Iranâs foreign ministry spokesperson Esmail Baghaei welcomed the ceasefire and stressed it was already part of the original Iran-US agreement brokered by Pakistan. Baghaei said Iran emphasised âfrom the outsetâ the need for a âsimultaneous ceasefire throughout the region, including Lebanonâ, and expressed his âsolidarityâ with the people and government of Lebanon. He called for the return of displaced residents to their homes and emphasised the necessity of the âcomplete withdrawalâ of Israeli forces from the south of the country â which, as mentioned, Israel has refused to do.The Lebanese army urged residents to âexercise restraintâ in returning to their villages and towns in southern Lebanon ahead of the ceasefire coming into effect. The army added that even then residents should avoid areas that remain occupied by Israeli forces. It was followed by a similar statement issued by Hezbollah, urging caution amid Israelâs history of âbreaking covenants and agreementsâ.The Israeli military issued an urgent warning to the people of southern Lebanon not to return south of the Litani River despite the ceasefire coming into force.In the hours before the truce took effect, Israel and Hezbollah continued to exchange fire. Just as the ceasefire came into force, the Israeli military said it had hit more than 380 Hezbollah targets in southern Lebanon in the past 24 hours, including rocket launchers, headquarters and Hezbollah members themselves. Meanwhile, Israeli strikes on Lebanese towns and villages killed dozens of people, including an attack on the town of Ghazieh which killed at least seven people and wounded 33, the health ministry said on Thursday. Continue reading...
New meeting to come after rare direct talks between the countries mediated by US; Netanyahu earlier says Israel about to âoverwhelmâ part of southern LebanonUS and Iran in indirect talks to extend two-week ceasefireHello and welcome to our live coverage of events in the Middle East.Donald Trump says the leaders of Israel and Lebanon will hold talks on Thursday, after the countriesâ first face-to-face diplomatic negotiations in decades.Pakistanâs army chief met with Iranâs foreign minister in Tehran on Wednesday in the latest diplomatic move to ease Middle East tensions and arrange a second round of US-Iran negotiations. Trump said earlier that the war was âvery close to overâ.Leavitt said a second round of US-Iran talks would âvery likelyâ take place in Islamabad again and that Pakistan was âthe only mediatorâ in the discussions.Major Wall Street stock indices extended an upward climb on optimism about a US-Iran agreement.Israelâs security cabinet met to discuss a ceasefire after the Israel-Lebanon talks mediated by the US in Washington on Tuesday. But the Israeli military continues to strike the country, with Netanyahu saying Israel was about to âoverwhelmâ the southern Lebanese town of Bint Jbeil, calling it a Hezbollah stronghold.Four Lebanese rescue workers were killed in consecutive Israeli strikes in the southern Lebanon village of Mayfadoun on Wednesday, paramedic groups said. Six others were wounded.The US militaryâs Middle East command Centcom said it stopped 10 vessels from sailing out of Iranian ports during the first 48 hours of the US naval blockade. But ship tracking data indicated at least three ships sailing from Iranian ports crossed the strait of Hormuz, though some vessels taking the route later turned back.The finance ministers of 11 countries including the UK and Japan called for âcoordinated emergency supportâ from the IMF and World Bank to help countries hit by disruptions from the Middle East war. Continue reading...
US military boasts blockade of the strait of Hormuz will incapacitate Iranâs economy; Trump says negotiations could return to PakistanUS-Iran peace talks could resume in next two days, Trump saysWelcome to the Guardianâs continuing coverage of the crisis in the Middle East.The US military has said American forces have completely halted economic trade going in and out of Iran by sea through a blockade.An estimated 90% of Iranâs economy is fueled by international trade by sea. In less than 36 hours since the blockade was implemented, U.S. forces have completely halted economic trade going into and out of Iran by sea.âDonald Trump has said that talks with Iran could resume in Pakistan over the next two days, according to an interview with the New York Post. âSomething could be happening over the next two days, and weâre more inclined to go there,â Trump was quoted as saying.US secretary of state Marco Rubio said Israel-Lebanon talks in Washington on Tuesday were a âhistoric opportunityâ. He said that while every complexity would not be resolved immediately, he hoped the parties would begin to move forward.Lebanonâs president expressed hope that direct talks would lead to an end to his countryâs âsufferingâ after war erupted again between Israel and Hezbollah last month. âI hope that the meeting in Washington... will mark the beginning of the end of the suffering of the Lebanese people in general, and those in the south in particular,â president Joseph Aoun said in a statement, adding that âstability will not return to the south if Israel continues to occupy its landsâ.Lebanonâs top envoy to the US said the high-level diplomatic engagement between her country and Israel was âconstructive,â but urged an end to the ongoing conflict between Israel and Iran-backed Hezbollah militants that has displaced thousands of Lebanese. After participating in Tuesdayâs talks with Rubio and Israelâs ambassador to the US, Nada Hamadeh Moawad said she had âunderscored the need to preserve our territorial integrity and state sovereigntyâ.The US will not renew a 30-day waiver of sanctions on Iranian oil at sea that expires this week officials told Reuters, as the US imposes a blockade on shipments from Iranian ports.UK prime minister Keir Starmer and French president Emmanuel Macron will co-host a summit in Paris on Friday focused on efforts to reopen the strait of Hormuz, Downing Street said. A spokesperson said: âThe summit will advance work towards a coordinated, independent, multinational plan to safeguard international shipping once the conflict ends.âTrump criticised Italian prime minister Giorgia Meloni, a political ally, in an interview published on Tuesday for her unwillingness to help in the Iran war. âIâm shocked at her. I thought she had courage, but I was wrong,â he told Italian daily Corriere della Sera.Foreign ministers from Saudi Arabia, Pakistan and Egypt will meet Turkeyâs top diplomat this week for talks on regional matters, a ministry source told AFP on Tuesday. âThis is the third meeting of the four countries to discuss regional affairs, not specifically Hormuz,â said the source, who wished to remain anonymous.Hezbollah said it targeted 13 northern Israeli towns with rockets shortly after the start of Lebanese-Israeli talks in Washington. In a statement, the group said it targeted Kiryat Shmona, Metula and 11 other towns âwith simultaneous rocket salvosâ at 6.15pm.US treasury secretary Scott Bessent has said the underlying US economy remains strong and that growth could still exceed 3% or 3.5% this year despite the impact of the US-Israel war on Iran. Earlier on Tuesday, the International Monetary Fund (IMF) cut its growth forecasts for 2026 based on the impact of the war and said any further escalation in the conflict could trigger a global recession. Bessent however cast cuts in global growth forecasts and higher inflation projections by the IMF and World Bank as an overreaction. Continue reading...
⢠Finance ministers and central bank governors gathered in Washington for IMF and World Bank Spring Meetings are confronting an unprecedented global energy shock caused by the Iran war and Strait of Hormuz closure, according to IMF Managing Director Kristalina Georgieva.
⢠Georgieva warned that "there will be no neat and clean return to the status quo ante," indicating long-term economic impacts regardless of ceasefire outcomes or efforts to reopen shipping routes.
⢠The energy crisis is already affecting hundreds of millions of people globally, with decisions made at the meetings regarding resource allocation and emergency funding expected to have tangible impacts on livelihoods in the coming weeks.
Hezbollah says it will not abide by agreements that result from the Lebanon-Israel talks in the US; Trump claims Iran wants to make a dealUS starts naval blockade of Iranian ports after deadline passesThe Lebanese militant group Hezbollah will not abide by any agreements that may result from direct Lebanon-Israel talks in the US, negotiations it firmly opposes, a senior Hezbollah official has said.Wafiq Safa, a high-ranking member of Hezbollahâs political council, spoke on the eve of talks expected in Washington between Lebanese and Israeli ambassadors to the US.Trump said the blockade would be on all Iranian ports along the strait from Monday onward. About 20% of the global oil and gas supply moved through this waterway before the war. Seafarers as well as the United Kingdom Maritime Trade Operations received advisories indicating Trumpâs blockade would apply to all ship traffic, regardless of the vesselâs flag.Trump claimed that Iran wanted to reach a deal. He insisted the US would not agree to any deal that would permit Iran to have a nuclear weapon. âWe canât let a country blackmail or extort the world,â he said at a last-minute press conference at the White House on Monday.After receiving a McDonaldâs delivery at the beginning of the presser, Trump invoked bellicose language in discussing Iran. âIran will not have a nuclear weapon, and weâre going to get the dust back. Weâll get it back, either weâll get it back from them, or weâll take it,â he said. At one point, when questioned about some sort of prior ultimatum regarding Iran, Trump said: âI donât want to comment on that but it wonât be pleasant.âTalks are expected in Washington between Lebanese and Israeli ambassadors to the US. It will be the first time in decades that envoys from Lebanon and Israel, which do not have diplomatic relations, will meet face-to-face in direct talks. Lebanese officials are looking to broker a ceasefire in the Israel-Hezbollah war.There were reports indicating that US officials were continuing talks with Tehran. One official told CNN: âThere is continued engagement between the US and Iran and forward motion on trying to get an agreement.â Meanwhile, some administration officials were having internal talks about how a second sit-down with Iranian officials might look, should the opportunity arise, CNN reported.Trump blasted Pope Leo XIV on social media in response to the pontiffâs call for an end to the war. The president claimed the pope was trying to appease the âradical leftâ. The pope said he had âno intention to debateâ Trump over Iran but would continue to advocate for peace. US vice-president JD Vance urged the Vatican to âstick to matters of moralityâ. Continue reading...