Regional
Anxious Iranians hope nuclear talks may ease risk of US attack
Many people in Iran to whom Reuters spoke by phone remained pessimistic about the future.
Weary from long years of biting sanctions and worried about U.S. threats of military action, Iranians have responded to the prospect of talks this weekend with expressions of hope that have boosted their stock market and depressed currency, Reuters reported.
The U.S.-Iranian talks in Oman are to address the long dispute between Iran and the West over its nuclear programme, though Iranian officials are sceptical of progress and U.S. President Donald Trump has repeatedly threatened to bomb if no deal is reached.
Many people in Iran to whom Reuters spoke by phone remained pessimistic about the future. But even the slim chance of a deal with an unpredictable U.S. president who has often boasted of his negotiating skills has given some people a little optimism.
Trump announced the talks on Monday. By Wednesday Iran’s rial currency, which had sunk to a record low of 1,050,000 to the dollar and whose value often tracks Iran’s geopolitical shifts, had strengthened slightly to 999,000 to the dollar.
Tehran’s stock exchange rose by 2.16% on Tuesday, its best performance since January, as investors shifted from safe havens in gold and foreign currency to domestic shares. The market had risen by another 1.1% in early trading on Wednesday.
Iran has had tense relations with Western powers and other major countries for much of the decades since its 1979 Islamic Revolution, particularly since 2003 when the dispute over its uranium enrichment programme moved to centre stage, read the report.
“For years, we have suffered over this dispute. It is time to end this standoff. We want to live a normal life with no hostilities and particularly no economic pressure,” said Amir Hamidian, a retired government employee in Tehran.
“I don’t want my country to be bombed … Life is already too expensive. My purchasing power is shrinking every day,” said the father of three, whose monthly salary equates to about $120.
Despite their tough rhetoric, the Islamic Republic’s clerical establishment feels compelled to agree to talks because of fears that anger over the deteriorating economy could spark protests, four Iranian officials told Reuters in March.
Economists believe that sanctions relief could lower import costs and boost export prices for Iranian firms, but wary investors are sticking to short-term bets amid doubt over the outcome of the talks scheduled for Saturday.
Many ordinary Iranians, who have seen repeated fruitless efforts to resolve the government’s standoff with the West, voiced little faith in the outcome of the discussions, Reuters reported.
Minou, a 32-year-old housewife and mother of two in the central city of Isfahan, was pessimistic.
“There will be no deal. There is a huge gap between the sides. Trump is going to bomb us. What should we do? Where should we go? I have withdrawn all my savings from the bank to have cash at home if the U.S. or Israel attack Iran,” she said.
Trump has signalled the renewal of his “maximum pressure” approach to Tehran, which during his first term in 2017-21 helped crash Iran’s economy with sanctions on its oil exports though it has also found ways to evade the embargo.
President Masoud Pezeshkian has repeatedly said the sanctions have made Iran’s economic problems more challenging even than during the Iran-Iraq war in the 1980s.
“I am worried to death. Enough is enough. Just reach a deal and end our misery,” said Mahsa, 22, a university student in the northern city of Sari.
Since 2017, Iranians have staged periodic nationwide demonstrations over poor living standards, calling for “regime change”.
But some hardliners are putting their faith in Supreme Leader Ayatollah Ali Khamenei, who – in the Islamic Republic’s complex power structure – has the final say on matters of state.
“Our Supreme Leader is fully aware of the situation and he will lead us out of trouble. Whatever he decides, we will support it,” said Mohammad Amin Hosseini, 27, from the northeastern city of Mashhad.
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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