Amid Iran

• UAE se retiró de OPEC ayer, marcando una ruptura histórica con Saudi Arabia durante la escalada de la crisis regional. • Esta decisión coincide con que el Strait of Hormuz está casi totalmente cerrado debido a un bloqueo naval de US destinado a detener las exportaciones de petróleo de Iran. • US amenaza con excluir a los principales bancos de China de su sistema financiero para evitar el procesamiento de petróleo de Iran, intensificando las tensiones energéticas globales.

• Iranian Foreign Minister Abbas Araghchi returned to Islamabad on April 27, 2026, to push a new proposal through Pakistani mediators aimed at ending the US-Iran war and reopening the Strait of Hormuz. • The proposal reached the White House, but President Trump canceled planned envoy visits by Steve Witkoff and Jared Kushner, citing lack of progress, while indirect talks continue. • Araghchi headed to Moscow for talks with President Putin after blaming the US for failed peace efforts; Russia urged Washington to abandon ultimatums in Vienna negotiations.

US president says there’s ‘no reason to meet’ Tehran unless they agree never to have nuclear weaponsWelcome to our live coverage of events in the Middle East.Donald Trump has said Iran can telephone if it wants to negotiate an end to the war and that it must agree never to have a nuclear weapon, while Pakistan’s leaders have sought to revive the stalled peace talks between Washington and Tehran.Iran gave the US a new proposal on reopening the strait and ending the war, with nuclear negotiations postponed for a later stage, according to the news site Axios. The US state department and White House did not immediately comment on the Sunday report, which cited an unnamed US official and two sources.Araghchi’s talks with Pakistani officials on Sunday had included “implementing a new legal regime over the strait of Hormuz, receiving compensation, guaranteeing no renewed military aggression by warmongers and lifting the naval blockade”, according to Iran’s semi-official Tasnim news agency. In the talks with Omani leader Haitham bin Tariq al-Said, Araghchi called for a regional security framework free of outside interference.Araghchi would meet with Putin “in continuation of the diplomatic jihad to advance the country’s interests and amid external threats”, Iran’s envoy in Russia, Kazem Jalali, said on X.Two US air force C-17s carrying security staff, equipment and vehicles used to protect US officials flew out of Pakistan after the latest diplomatic trip was called off, two Pakistani government sources told Reuters on Sunday. Continue reading...

• UN International Maritime Organization Secretary-General Arsenio Dominguez stated that the blockading of ships in the Strait of Hormuz due to the US-Iran conflict has turned international shipping and seafarers into leverage in geopolitical disputes. • The crisis highlights how vessels and crews, not involved in the conflict, are being caught up in hostilities between the United States and Iran, disrupting global trade routes. • This development underscores critical weaknesses in global shipping networks, potentially leading to supply chain disruptions, higher costs, and risks to maritime security worldwide.

• Navy Secretary John Phelan was fired by the Pentagon on Wednesday night amid escalating tensions with Iran over the blockade of the Strait of Hormuz. • The firing comes as the U.S. maintains military pressure on Iran, with reports indicating the blockade is costing Iran an estimated $500 million per day and pushing the regime toward economic collapse. • U.S. intelligence officials warn that Iran retains thousands of missiles and drones capable of threatening American interests in the region.

Iran seizes two ships in critical waterway as Washington and Tehran maintain separate blockades. Plus, Jodi Kantor on how to find a career you loveGood morning.Iranian forces have seized two ships in the strait of Hormuz as the US and Iran doubled down on imposing separate blockades of the shipping waterway.What has Donald Trump said? The US president announced that the US would extend the ceasefire with Iran until the country’s leaders came up with a “unified proposal” to US negotiating positions amid Tehran’s “seriously fractured” government. He had earlier threatened to renew bombing. White House press secretary, Karoline Leavitt, said Trump was “satisfied” with the US naval blockade of Iranian ports and “understands Iran is in a very weak position”.This is a developing story. Follow the liveblog here.Who took part in the debate? The primetime showdown, hosted by Nexstar Media Group, featured two Republicans – Steve Hilton, the former Fox News host and director of strategy to the former UK prime minister David Cameron, and Chad Bianco, the sheriff of Riverside County – and the four leading Democrats: the billionaire Tom Steyer, the former health secretary Xavier Becerra, the former congresswoman Katie Porter and the San Jose mayor, Matt Mahan. Continue reading...

Standoff between Iran and US continues as both impose blockades of critical shipping waterway Iranian forces have seized two ships in the strait of Hormuz, as the US and Iran doubled down on imposing separate blockades of the critical shipping waterway that have choked global energy markets.The standoff over the narrow waterway – through which about 20% of the world’s oil and liquefied natural gas passed through during peacetime – raised doubts about whether stalled peace negotiations would resume. Continue reading...

Annual March rate adds to pressure on household finances and follows warnings of slowdown to UK economyUK inflation rose by 3.3% in March amid the surge in fuel prices for motorists triggered by the Iran war.Figures from the Office for National Statistics (ONS) show the consumer prices index increased last month from 3% in February, adding to pressure on household finances already battered by a cost of living crisis. The rise matched City economists’s forecast of an increase to 3.3%. Continue reading...