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Iran says oil blockade will continue until attacks end, Trump threatens to hit harder

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Iran’s Revolutionary Guards said on Tuesday they would not allow “one litre of oil” to be shipped ​from the Middle East if U.S. and Israeli attacks continue, prompting a warning from President Donald Trump that the U.S. would hit Iran much harder if it ‌blocked exports from the vital energy-producing region.

Trump’s comments came after global financial markets seesawed on Monday on concerns that Iran’s security establishment was rallying behind new Supreme Leader Mojtaba Khamenei and was not prepared to back down any time soon, Reuters reported.

Trump said the United States had inflicted serious damage on Iran’s military and predicted the conflict would end well before the initial four-week time frame he had laid out, though he has not defined what victory would look ​like.

Israel says its war aim is to overthrow Iran’s system of clerical rule. U.S. officials mainly say Washington’s aim is to destroy Iran’s missile capabilities and nuclear programme, but Trump ​has said the war can end only with a compliant Iranian government.

At least 1,332 Iranian civilians have been killed and thousands wounded since the ⁠U.S. and Israel launched a barrage of air and missile strikes across Iran at the end of February, according to Iran’s U.N. ambassador.

Trump warned that U.S. attacks could rise sharply if Iran ​sought to block tanker traffic through the Strait of Hormuz, which handles one-fifth of the world’s oil supply.

“We will hit them so hard that it will not be possible for them or anybody else ​helping them to ever recover that section of the world,” Trump said at a news conference on Monday.

IRAN SAYS IT WILL DETERMINE END OF WAR

Iran’s Islamic Revolutionary Guards Corps said it would not allow any oil to leave the region if attacks from the United States and Israel continue.

“We are the ones who will determine the end of the war,” a spokesperson said, according to state media.

In a later Truth Social post, Trump repeated his ​warning.

“If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been ​hit thus far,” he said.

The war has already effectively shut the Strait of Hormuz, leaving tankers unable to sail for more than a week and forcing producers to halt pumping as storage facilities fill.

Mojtaba Khamenei’s appointment ‌on Monday appeared ⁠to dash hopes of a swift end to the war, sending oil markets surging and share markets nosediving, before swinging in the other direction when Trump predicted a quick end to the war and reports of a possible ease in sanctions on Russian energy.

After speaking with Russian President Vladimir Putin, Trump said the United States will waive oil-related sanctions on “some countries” to ease the shortage. According to multiple sources, that could mean a further easing of sanctions on Russian oil, which could complicate efforts to punish Moscow for its war in Ukraine. Other options include a possible release of oil from strategic ​reserves or restricting U.S. exports, sources said.

Brent crude ​futures fell more than 10% on Tuesday ⁠after soaring by as much as 29% on Monday to their highest since 2022. Global stock markets also bounced.

The price of gasoline has particular political resonance in the United States, where voters cite rising costs as a top concern ahead of the November midterm elections, when Trump’s Republicans will try to ​keep control of Congress.

A Reuters/Ipsos poll released Monday found 67% of Americans expect gas prices to rise over the coming months, and only 29% ​approve of the war.

OIL REFINERY ⁠HIT

Tehran was choked in black smoke after an oil refinery was hit, an escalation in strikes on Iran’s domestic energy supplies. World Health Organization chief Tedros Ghebreyesus warned the fire risks contaminating food, water and air.

Turkey said NATO air defences had shot down a ballistic missile that was fired from Iran and entered Turkish airspace, the second such incident of the war. Iran did not immediately comment on the report.

Israel’s military ⁠said it ​had launched new attacks in central Iran and struck the Lebanese capital Beirut, where Israel has extended its campaign after ​the Iran-backed militia Hezbollah fired across the border.

In Australia, five Iranian women’s soccer team players were granted humanitarian visas after they sought asylum fearing persecution in their home nation. Canberra has also promised to send military surveillance aircraft to the Middle East and ​missiles to the United Arab Emirates to help them defend themselves against attacks from Iran.

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Iran gave US a proposal for reopening the Strait Of Hormuz and ending the war, Axios reports

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Iran through Pakistani ​mediators gave the ‌U.S. a new proposal ​on ​reopening of the Strait ⁠of ​Hormuz and the ​ending of the war, with ​nuclear negotiations ​postponed for a ‌later ⁠stage, Axios reported on Sunday, citing ​a ​U.S. ⁠official and two ​sources with ​knowledge ⁠of the matter.

Meanwhile, U.S. President Donald Trump said on Sunday Iran could telephone if it wants to negotiate an end to their two-month war and stressed it ​can never have a nuclear weapon, after Tehran said the U.S. should remove obstacles to a deal, including its blockade of Iran’s ports, Reuters reported.

Hopes of reviving peace efforts receded on ‌Saturday when Trump scrapped a visit to Islamabad by his envoys Steve Witkoff and Jared Kushner. Iranian Foreign Minister Abbas Araqchi shuttled to and from mediators Pakistan and Oman on Sunday before heading to Russia, where he is due to meet President Vladimir Putin.

Oil prices rose, the dollar inched higher and U.S. stock futures wobbled lower in early Asia trade on Monday after the peace talks stalled, leaving Gulf shipping blocked.

“If they want to talk, they can come to us, or they can call us. You know, there is a telephone. We have nice, secure lines,” Trump told “The Sunday Briefing” on Fox News.

“They know what has to be in the agreement. It’s very simple: They cannot have a nuclear weapon, otherwise there’s no reason to meet,” Trump said.

 

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US-Iran peace hopes fade as Trump scraps talks

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Hopes of a diplomatic breakthrough in the U.S.-Israeli war with Iran receded as a new ‌week began, with talks aimed at ending the two-month conflict at a standstill and both Tehran and Washington showing little willingness to soften their terms.

Iranian Foreign Minister Abbas Araqchi left mediator Pakistan empty-handed at the weekend, and U.S. President Donald Trump canceled a planned visit ​to Islamabad by his envoys Steve Witkoff and Jared Kushner, dealing back-to-back blows to peace prospects, Reuters reported.

The deadlock ​leaves the world’s biggest economy and a major oil power locked in a confrontation that ⁠has already pushed energy prices to multi-year highs, stoked inflation and darkened global growth prospects.

Iranian President Masoud Pezeshkian told ​Pakistani Prime Minister Shehbaz Sharif by phone that Tehran would not enter “imposed negotiations” under threats or blockade, according to a ​statement from the Iranian government.

Pezeshkian said the United States should first remove “operational obstacles,” including its blockade on Iranian ports, before negotiators can lay any groundwork to resolve the conflict.

Araqchi described his visit to Pakistan as “very fruitful.” An Iranian diplomatic source in Islamabad said Tehran would ​not accept “maximalist demands” from the United States.

Trump told reporters in Florida that he scrapped the envoys’ visit because the talks ​involved too much travel and expense to consider an inadequate offer from the Iranians. After the diplomatic trip was called off, Iran “offered ‌a lot, ⁠but not enough,” Trump said.

On Truth Social, he wrote that there was “tremendous infighting and confusion” within Iran’s leadership.

“Nobody knows who is in charge, including them,” he posted. “Also, we have all the cards, they have none! If they want to talk, all they have to do is call!!!”

Pezeshkian said on Thursday that there were “no hardliners or moderates” in Tehran and ​that the country stood united ​behind its supreme leader. ⁠Iran’s top negotiator Mohammad Baqer Qalibaf and Araqchi echoed the message in recent days.

Adding to regional strains, Israeli Prime Minister Benjamin Netanyahu ordered his troops to attack Hezbollah targets in Lebanon, ​his office said, further testing a three-week ceasefire.

Tehran has largely closed the Strait of ​Hormuz, which normally ⁠carries one-fifth of global oil and liquefied natural gas shipments, while Washington blocks Iran’s oil exports.

White House press secretary Karoline Leavitt earlier said the U.S. had seen some progress from the Iranian side and that Vice President JD Vance was ready ⁠to travel ​to Pakistan. Vance led an unsuccessful first round of talks in ​Islamabad this month.

The U.S.-Iran conflict, in which a ceasefire is in force, began with U.S.-Israeli airstrikes on Iran on February 28. Iran has since struck ​Israel, U.S. bases and Gulf states.

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Iran’s foreign minister arrives in Pakistan, Trump expects offer satisfying US demands

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Iranian Foreign Minister Abbas Araqchi arrived in the Pakistani capital Islamabad on Friday to discuss proposals ​for restarting peace talks with the U.S., offering some hope for an end to the eight-week war that has killed thousands and sown turmoil in global markets.

U.S. President Donald Trump told Reuters on Friday that Iran ‌plans to make an offer aimed at satisfying U.S. demands, but said he did not yet know what the offer entailed.

When asked who the U.S. was negotiating with, Trump said: “I don’t want to say that, but we’re dealing with the people that are in charge now.”

But Iran’s foreign ministry spokesperson said on X that Iranian officials did not plan to meet with U.S. representatives, even though U.S. special envoys Steve Witkoff and Jared Kushner planned to travel to Islamabad. Iran’s concerns would be conveyed to Pakistan, the spokesperson said.

After a U.S. bombing campaign and ​Iran’s blocking of the strategic Strait of Hormuz, the two countries are at a costly impasse, with Iran’s oil exports blocked and U.S. gasoline prices at multi-year highs.

Speaking before the Iranian foreign ministry’s statement, White House press ​secretary Karoline Leavitt said Witkoff and Kushner would leave for Pakistan on Saturday morning for talks with Araqchi.

Leavitt struck an upbeat tone, saying the U.S. had seen some progress from ⁠the Iranian side in recent days and hoped more would come this weekend.

She added that U.S. Vice President JD Vance, who earlier this month led a first round of unsuccessful talks with Iran to end their war, is ready to travel to ​Pakistan as well.

The White House did not immediately respond to a request for comment on the Iranian statement.

Pakistani sources said earlier that a U.S. logistics and security team was already in place in Islamabad for potential talks.

Pakistan’s foreign ministry confirmed Araqchi’s ​arrival in Islamabad, where a heavy military and paramilitary presence was visible across the central parts of the city.

Araqchi went straight into a meeting with Pakistani Foreign Minister Ishaq Dar at the Serena Hotel, where the first round of talks with the U.S. was held, two government sources said.

Qatar’s Emir Sheikh Tamim bin Hamad Al Thani pledged his country’s support for mediation efforts by Pakistan in a phone call with Trump, Qatar’s state news agency reported.

Araqchi wrote on X that he was visiting Pakistan, Oman and Russia to coordinate with partners on bilateral matters ​and consult on regional developments. The tour will include consultations on the latest efforts to end the war, Iran’s Foreign Ministry spokesperson later told state media.

U.S. Defense Secretary Pete Hegseth told a briefing earlier on Friday that Iran had a chance ​to make a “good deal” with the United States.

“Iran knows that they still have an open window to choose wisely,” he said. “All they have to do is abandon a nuclear weapon in meaningful and verifiable ways.”

The last round of peace talks had been expected to resume ‌on Tuesday but ⁠never took place, with Iran saying it was not yet ready to commit to attending and a U.S. delegation led by Vance never leaving Washington.

Trump unilaterally extended a two-week ceasefire on Tuesday to allow more time to reconvene the negotiators.

Oil prices remained volatile on Friday, as traders weighed potential disruption from the worst oil shock in history amid the prospect for further talks.

Brent crude futures settled at $105.33 a barrel, about 0.3% higher, while U.S. West Texas Intermediate futures were down 1% at $94.88.

HEZBOLLAH DISMISSES LEBANON CEASEFIRE EXTENSION

On Thursday, Israel and Lebanon extended a separate ceasefire for three weeks at a White House meeting brokered by Trump.

The war in Lebanon, which Israel invaded last month to root out Iran’s Hezbollah allies after the militant group fired across the border, ​has run in parallel with the wider Iran war, ​and Tehran says a ceasefire there is a precondition ⁠for talks.

There was little sign of an end to the fighting in southern Lebanon. Lebanese authorities reported two people were killed by an Israeli strike and Hezbollah downed an Israeli drone.

While the ceasefire that came into force on April 16 has led to a significant reduction in hostilities, Israel and Hezbollah have continued to trade blows in southern Lebanon, where Israel has ​kept soldiers in a self-declared “buffer zone.”

“It is essential to point out that the ceasefire is meaningless in light of Israel’s insistence on hostile acts, including assassinations, shelling, and gunfire” ​and its demolition of villages and ⁠towns in southern Lebanon, Hezbollah lawmaker Ali Fayyad said in response to the extension of the ceasefire.

Israel’s military said it had killed six armed Hezbollah members in southern Lebanon on Friday.

STRAIT OF HORMUZ BLOCKADE

Trump on Thursday said he wanted an “everlasting” agreement with Iran, while asserting the U.S. had an upper hand in the standoff in the Strait of Hormuz, the world’s most important energy shipping route.

The U.S. has yet to find a way to open the strait, where Iran has blocked nearly all ships apart from its own ⁠since the start ​of the war eight weeks ago. Iran showed off its control this week by seizing two huge cargo vessels there.

Trump imposed a separate blockade ​of Iranian shipping last week. Iran says it will not reopen the strait until Trump lifts his blockade.

Only five ships crossed the strait in the last 24 hours, shipping data showed on Friday, compared to around 130 a day before the war. Those included one Iranian oil products tanker, but none ​of the vast crude-carrying supertankers that normally feed global energy markets.

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