Regional
Iran says no progress on reviving interim peace deal with US
Throughout the conflict, Trump has alternated between threats of escalation and claims that a peace deal is imminent.
Iran and the United States remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, according to a senior Iranian source, who said there had been no progress in talks to revive the interim deal agreed in June and define a time frame to implement it, Reuters reported.
The comments came as U.S. President Donald Trump issued yet another broadside against Iran’s leaders, dealing a further blow to hopes for a resolution to the crisis, following new attacks on shipping in the region on Tuesday.
The deal agreed in June declared an “immediate and permanent termination of military operations on all fronts”, but quickly unravelled, with Trump saying it was “over” on July 7 and Iran’s foreign ministry declaring it “suspended” a week later.
The U.S. accuses Iran of failing to honor an agreement under the deal to reopen the vital Strait of Hormuz shipping route. Tehran says Washington has reneged on its commitments, including lifting a blockade of Iranian ports and releasing frozen Iranian assets.
“One of the issues that is being discussed via mediators is the U.S. returning to the interim agreement and defining a time frame for implementing the commitments. There has been absolutely no progress on this issue,” the Iranian source said.
Trump said on Wednesday that the U.S. has “total control” over the Strait of Hormuz.
But the Persian Gulf Strait Authority, the body Iran set up to manage the waterway, said it remains blocked and will not be reopened until Iran’s conditions are accepted.
“Iran is all talk and no action, the Bully of the Middle East No Longer,” Trump said on his Truth Social platform.
Throughout the conflict, Trump has alternated between threats of escalation and claims that a peace deal is imminent.
Thousands of people have been killed in the conflict, mainly in Iran and Lebanon, since the U.S. and Israel launched attacks on Iran on February 28, read the report.
Iran has struck U.S. assets and infrastructure in countries including Oman, Jordan, Kuwait, Israel, the United Arab Emirates and Saudi Arabia.
The June interim ceasefire agreement set a 60-day period, extendable by mutual consent, within which Iran and the U.S. were expected to reach a final deal limiting Tehran’s nuclear program and lifting U.S. sanctions.
The Iranian source dismissed a report on Wednesday from Turkey’s Anadolu news agency that quoted Pakistani government sources as saying they had agreed to extend that 60-day period.
“There is no talk of an extension because, from Iran’s perspective, there is no period that began and therefore nothing to extend. The United States violated the interim agreement 48 hours after it was reached and withdrew from it a few days later,” the source told Reuters.
The Strait of Hormuz, a narrow waterway between Iran and Oman and the entrance to the Gulf, handled a fifth of global oil and liquefied natural gas flow before the war.
Benchmark Brent crude futures have surged since the start of the war in February, hitting a peak of $126 a barrel, roughly 75% above pre-war levels, with choppy trade reflecting concerns over disruptions to Gulf oil supplies and shifting signals on peace talks.
On Tuesday, in separate incidents, a suspected and a U.S. Navy MH-60 helicopter fired two Hellfire missiles to , the U.S. military said.
Oil prices rose but then steadied in volatile trading on Wednesday, after forecasters cut projections for 2026 oil demand. Brent crude futures were trading at around $88 a barrel and U.S. West Texas Intermediate crude at around $83 a barrel.
Regional
Iran defends two-day proposal for peace talks after US rejects conditions
Iran defended a proposal on Monday to restart peace talks in as few as two days as the most reasonable offer on the table, after US Secretary of State Marco Rubio called some of Iran’s conditions “outrageous and ridiculous”.
Iran defended a proposal on Monday to restart peace talks in as few as two days as the most reasonable offer on the table, after US Secretary of State Marco Rubio called some of Iran’s conditions “outrageous and ridiculous”, Reuters reported.
“Is it unreasonable that Iran demands that US illegal sanctions and its naval blockade must be lifted before negotiations start and that the war should end on all fronts?” Foreign Ministry spokesman Esmaeil Baghaei told a weekly press conference in response to Rubio’s remarks.
Iran defended a proposal on Monday to restart peace talks in as few as two days as the most reasonable offer on the table, after US Secretary of State Marco Rubio called some of Iran’s conditions “outrageous and ridiculous”.
“Is it unreasonable that Iran demands that US illegal sanctions and its naval blockade must be lifted before negotiations start and that the war should end on all fronts?” Foreign Ministry spokesman Esmaeil Baghaei told a weekly press conference in response to Rubio’s remarks.
Regional
Explosions heard in areas in southern Iran, Iranian media report
Earlier on Saturday, Tasnim news agency said two missiles struck Qeshm Island with no official information on possible damage.
Explosions were heard on Saturday evening in several areas in southern Iran, including on Qeshm Island in the Strait of Hormuz, Iranian state television reported.
Iran’s state TV suggested that the explosions might be linked to Iranian military activities in the strategic waterway, which has become subject to repeated attacks on commercial shipping since the war erupted between the US and Iran in February.
It said Iranian officials have not confirmed any missile strikes on the areas, while the semi-official Tasnim news agency cited a source as saying that the explosions heard on Qeshm Island were not related to missile strikes.
Iran’s Revolutionary Guards Navy said early on Sunday that two oil tankers were on fire after hitting mines as they attempted to pass through an “unauthorized route” in the strait. It was not immediately clear if the incidents referred to by the IRGC were linked to the sound of explosions heard in southern Iranian areas.
Iran has hit vessels it says have violated its restrictions on passage through the waterway, as it seeks to assert control over the strait and exert pressure on Washington.
Earlier on Saturday, Tasnim news agency said two missiles struck Qeshm Island with no official information on possible damage.
The reported explosions come days after the US carried out strikes on the island. A US official said those strikes were limited and not a resumption of major combat operations.
The US military said on Saturday evening that its forces disabled a commercial vessel that tried to get through the US blockade of Iran.
The US Central Command said one of its aircraft fired at the vessel’s stern and disabled the ship after it attempted to violate the blockade.
Countries in the region had been anticipating that US President Donald Trump, who has held off on strikes on Iran during the weeks leading up to Tuesday’s midterm elections, could restart attacks once the voting was over. Iran has repeatedly said it would respond to new attacks by striking at US and Israeli targets in neighboring countries.
Regional
Pakistan’s leaders dread US Democrats’ win but its households are praying for it
Pakistan’s courtship of Trump, capped by its mediation in the Iran war, earned it a close relationship with his administration. That access has yet to deliver clear economic gains, and congressional scrutiny of Islamabad’s dealings with Trump’s inner circle now threatens the rewards its leaders hoped would follow.
Pakistan’s leaders spent two years courting US President Donald Trump, but after the Democrats’ win in Tuesday’s congressional vote, they are preparing for scrutiny of their access to the White House.
Ordinary Pakistanis see the result differently. Many hope the shift in Washington will ease a cost-of-living crisis intensified by the US-Israel war on Iran, Reuters reported.
“We believe meaningful negotiations with the current US administration are not possible, and the ongoing bloodshed will not end until there is a change in [the US] government,” Karachi resident Sajjad Ali said.
“We want peace, economic improvement and a reduction in the rising oil prices.”
Asim Zafar, also from Karachi, said he hoped the results would rein in Trump. “It could bring changes in important policies and perhaps help prevent some of the injustices being committed against Muslim countries,” he said.
But for Pakistan’s government and powerful military leadership, analysts say, the outcome is far more worrying.
Pakistan’s courtship of Trump, capped by its mediation in the Iran war, earned it a close relationship with his administration. That access has yet to deliver clear economic gains, and congressional scrutiny of Islamabad’s dealings with Trump’s inner circle now threatens the rewards its leaders hoped would follow.
A BET ON ONE MAN
The courtship began early in Trump’s second term, with army chief Asim Munir — who Trump has repeatedly described as his “favourite field marshal” — as Islamabad’s main channel to the White House.
Their June 2025 lunch took place unusually without Pakistani civilian officials present, which put the military at the centre of the rapprochement.
According to Pakistan’s military, their talks went beyond security to cooperation in mining, energy and cryptocurrency.
Pakistan then joined Trump’s Board of Peace and nominated him for the Nobel Peace Prize, crediting him with helping end its May 2025 conflict with India. New Delhi denies US mediation halted hostilities.
Earlier this year, Iran mediation gave the courtship strategic substance: Islamabad relayed messages and hosted April talks between the US and Iran, but the eventual Islamabad Agreement quickly faltered.
For consumers, Pakistan’s rising diplomatic influence has offered little protection from the war’s costs while the payoff for the state has also been thin. The US Export-Import Bank approved $1.25 billion for Pakistan’s Reko Diq copper and gold project in December 2025. But Pakistan’s signature $10 billion request for a US Treasury facility remains unanswered.
DEALS UNDER SCRUTINY
Pakistan’s outreach, public and private, now carries political risk because several arrangements involve Trump’s family or close associates.
Islamabad has signed memoranda to explore payments in USD1, a stablecoin issued by the Trump-linked World Liberty Financial. At the signing in January, Finance Minister Muhammad Aurangzeb said innovation should be “aligned with regulation, stability, and national interest.”
It has also signed another memorandum to redevelop Manhattan’s Roosevelt Hotel, a deal negotiated by envoy Steve Witkoff, and placed a limited drone order with Powerus, whose investors include Trump’s sons Donald Jr. and Eric.
“There are no conflicts of interest,” White House spokeswoman Anna Kelly told Reuters in September, when asked about Powerus.
Husain Haqqani, a former Pakistani ambassador to Washington and senior fellow at the Abu Dhabi-based Anwar Gargash Diplomatic Academy, said Pakistan’s leaders had “built a transactional relationship” with Trump’s team. Some arrangements involving the president’s friends and relatives “might not last,” he said. “Pakistan seems totally unprepared for that scrutiny.”
Daniel Markey, a senior fellow at the Washington-based Stimson Center, warned that investigations could taint the wider relationship if dealings appeared driven by private interests.
From Pakistan’s perspective, there may still be cards left to play, analysts said.
The Atlantic Council’s Michael Kugelman said Pakistan’s counterterrorism cooperation and Iran diplomacy enjoyed bipartisan support, and Democrats would be more likely to blame problematic deals on Trump than on Pakistan.
But “the risk for Pakistan is that it put so many of its diplomatic eggs in the White House basket that it won’t have anything left for the Democrats,” Kugelman said.
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