Iran Trade

US president dismissed Iranian media reports agreement was close, despite earlier suggesting a deal could be signed this weekendMiddle East crisis – live updatesProspects for an immediate end to the war between Iran and the US remained uncertain on Friday amid a chaotic series of conflicting claims and counter-claims by US and Iranian officials about ongoing negotiationsDonald Trump seemed to distance himself from his earlier comments that suggested a preliminary agreement could be signed as soon as this weekend, with a series of angry social media posts describing the Iranians as “very dishonorable people to deal with”. Continue reading...

Iran says US attacks make ceasefire ‘practically meaningless’. Plus, Trump says ‘I love the inflation’ when asked about jump to 4.2%Good morning.Has the ceasefire collapsed yet?What is the status of negotiations? Talks to turn the ceasefire into a durable peace deal have stalled for weeks, with periodic flare-ups as both sides continued to launch limited strikes and trade blame for violating the truce.What do the two side want? Iran seeks the lifting of international sanctions, the unfreezing of billions of dollars in assets, and control over the strait of Hormuz. Trump has said any future peace deal must prevent Iran from developing a nuclear weapon, which Tehran denies it is seeking to do.This is a developing story. Follow our live coverage here.What did Gates say? “I support the release of all the Epstein files and sincerely hope that, through your efforts and those of others advocating on their behalf, the survivors of Epstein’s crimes can get the justice that they deserve.” Continue reading...

US launches second round of airstrikes on Iran, and Tehran responds by targeting Bahrain, Kuwait and JordanUS strikes Iran for second day, as ceasefire appears close to collapseWelcome to our live coverage of the conflict in the Middle East.The US has launched a second round of airstrikes, after Donald Trump warned that Tehran would “pay the price” for stalled negotiations, and Iran responded with strikes targeting Bahrain, Kuwait and Jordan.US Central Command said it had “completed” its latest round of airstrikes just before sunrise in Iran. It said the strikes targeted “Iranian military surveillance capabilities, communication systems and air defense sites,” and were carried out by the US air force, Marines and Navy.The sounds of explosions echoed around Tehran, the port city of Bandar Abbas and other southern areas along the strait of Hormuz.Iran responded by launching strikes on Bahrain, Kuwait and Jordan.Kuwait closed its airspace as its air defences fought off the attack. Kuwait’s directorate general of civil aviation said flights were being diverted to other airports, without elaborating.Iran’s Islamic Revolutionary Guard Corps said it had fired ballistic missiles at a US command centre in Jordan, according to state media.Iran’s UN envoy said the US should refrain from threats of force if it wants a deal.Israel early on Thursday warned residents in the north to seek shelter after the detection of suspected incoming fire from Lebanon.The international benchmark for crude oil traded above $93 a barrel on Wednesday, up more than 25% since the start of the war. Continue reading...

• Israel's air force launched strikes against targets in Iran following a series of escalating military exchanges between the two nations. • Donald Trump has urged both sides to cease hostilities, calling for a return to peace and diplomacy to avoid further violence and destruction. • The strikes occur while negotiators are reportedly working with international partners to secure a peaceful diplomatic solution to the ongoing conflict.

The arch-enemies’ exchange had the potential to derail the push for an end to the broader Middle East conflictMiddle East crisis – live updatesIsrael and Iran have returned to active war for the first time since a ceasefire was agreed two months ago in an exchange of rocket fire that threatened efforts to end the conflict.Donald Trump, who started the war in February alongside Israel but has since attempted to present himself as a mediator – told the two sides to stop shooting and said “final negotiations” on peace were proceeding. By late afternoon on Monday, the attacks had stopped. Continue reading...

• South Korea's Kospi index reached a record high on Monday, bolstered by a more than 3% surge in Samsung shares, which also hit an all-time high. • The rally occurred despite mixed trading across Asia-Pacific markets as investors reacted to ongoing uncertainty regarding U.S.-Iran negotiations. • President Trump signaled a cautious approach to ending the conflict, stating he was in "no hurry" to strike a deal after four months of tension.

President’s remarks indicate the two countries remain far apart over initial deal to end warAfter 88 days of near-total internet blackout in Iran, long-delayed messages, images and poems flooded phones and social media feeds at about 5pm on Tuesday, when still-limited connectivity flickered back to life.The first reactions, however, were not celebratory. Many new posts were threaded with scepticism, anxiety and anger.The Israeli military declared a new swathe of southern Lebanon a combat zone and said residents in the area should move north, warning it would act “with great force” against the Iran-backed Hezbollah in the zone. The statement on Wednesday appeared to signal a further escalation after more than 120 strikes hit Lebanon’s south and east on Tuesday, despite a ceasefire.The major Lebanese city of Tyre has come under constant Israeli bombardment, according to local media. The Israel Defense Forces (IDF) said it is hitting Hezbollah targets in the ancient coastal city in southern Lebanon, a day after issuing a warning forcing thousands of people to leave Tyre and surrounding areas. Lebanon’s official National News Agency reported two people were killed in Tyre in an Israeli drone strike on Thursday morning. Continue reading...