Threatens Fire

• President Trump signals he will not extend Iran's ceasefire deadline if a comprehensive deal is not reached by Wednesday, warning of renewed military action including 'dropping bombs' if negotiations fail. • Trump declares the Strait of Hormuz now open due to a U.S. Navy blockade and pointedly rejects NATO's offer of assistance, highlighting America's unilateral stance in Middle East tensions. • The escalating pressure on Iran represents a significant shift in Trump administration foreign policy and challenges traditional alliance structures in addressing regional security threats.

• President Donald Trump threatened to fire Federal Reserve Chair Jerome Powell if he remains at the helm after his term ends next month. • Trump framed the move as part of efforts to align the central bank with his administration's economic agenda amid ongoing policy tensions. • The statement escalates executive pressure on the independent Fed, potentially destabilizing financial markets and sparking debates over central bank autonomy.

US president says he has ‘held back’ on firing the head of the Federal Reserve leading up to end of Powell’s term in MaySign up for the Breaking News US email to get newsletter alerts in your inboxDonald Trump threatened to fire Jerome Powell if he stays on as US Federal Reserve chair past the end of his tenure and doubled down on a criminal investigation into renovations of the central bank’s headquarters.As the White House pushes Trump’s new nominee to take charge of the Fed, Kevin Warsh, Powell has a month left in the role. The possibility of Powell staying on as chair past 15 May, the official end of his term, has grown amid mounting scrutiny of Trump’s approach to the Fed in the Senate, which is required to approve Warsh’s nomination. Continue reading...

• President Trump escalated rhetoric against Iran, threatening 'unprecedented force' if Tehran fails to comply with ceasefire terms as the fragile two-week truce entered its second day on April 9, 2026. • Vice President JD Vance will lead a U.S. delegation to Islamabad, Pakistan on Saturday for direct talks with Iranian officials, joined by special envoy Steve Whit and Jared Kushner, aiming to convert the temporary ceasefire into a lasting agreement. • Early cracks are emerging in the ceasefire over disputed terms, Iran's nuclear program, and control of the Strait of Hormuz, with Iranian officials signaling the deal could be at risk.

Oil prices on course for record monthly rise amid risk of further escalation and mixed messaging from USDonald Trump has threatened to “obliterate” Iran’s power stations and fresh water plants if Tehran does not agree to peace terms “shortly”, even as he claimed diplomatic progress in ending the war that was instigated by the US and Israel.Tehran has remained defiant during the month-long conflict, describing US peace proposals as “excessive, unrealistic and irrational” and firing waves of missiles at Israel. Continue reading...