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Trump to lift Syria sanctions, signs $600 billion deal with Saudi Arabia

Trump has not scheduled a stop in Israel, raising questions about where the close ally stands in Washington’s priorities as Trump presses Israeli Prime Minister Benjamin Netanyahu to agree to a new ceasefire deal in the 19-month-old Gaza war.

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President Donald Trump kicked off his trip to the Gulf on Tuesday with a surprise announcement that the United States will lift long-standing sanctions on Syria, and a $600 billion commitment from Saudi Arabia to invest in the U.S, Reuters reported.

The U.S. agreed to sell Saudi Arabia an arms package worth nearly $142 billion, according to the White House which called it the largest “defense cooperation agreement” Washington has ever done.

The end of sanctions on Syria would be a huge boost for a country that has been shattered by more than a decade of civil war. Rebels led by current President Ahmed al-Sharaa toppled President Bashar al-Assad last December.

Speaking at an investment forum in Riyadh at the start of a deals-focused trip that also brought a flurry of diplomacy, Trump said he was acting on a request to scrap the sanctions by Saudi Arabia’s de facto ruler, Prince Mohammed bin Salman.

“Oh what I do for the crown prince,” Trump said, drawing laughs from the audience. He said the sanctions had served an important function but that it was now time for the country to move forward.

The move represents a major U.S. policy shift. The U.S. declared Syria a state sponsor of terrorism in 1979, added sanctions in 2004 and imposed further sanctions after the civil war broke out in 2011.

Syrian Foreign Minister Asaad al-Shibani said on X that the planned move marked a “new start” in Syria’s path to reconstruction. Trump has agreed to briefly greet Sharaa in Saudi Arabia on Wednesday, a White House official said.

Trump and the Saudi crown prince signed an agreement covering energy, defense, mining and other areas. Trump has sought to strengthen relations with the Saudis to improve regional ties with Israel and act as a bulwark against Iran.

The agreement covers deals with more than a dozen U.S. defense companies for areas including air and missile defense, air force and space, maritime security and communications, a White House fact sheet said.

It was not clear whether the deal included Lockheed F-35 jets, which sources say have been discussed. The Saudi prince said the total package could reach $1 trillion when further agreements are reached in the months ahead.

Saudi Arabia is one of the largest customers for U.S. arms, and the two countries have maintained strong ties for decades based on an arrangement in which the kingdom delivers oil and the superpower provides security.

But relations were strained after the 2018 murder of U.S.-based Saudi journalist Jamal Khashoggi by Saudi agents in Istanbul caused a global uproar. U.S. intelligence concluded that bin Salman approved an operation to capture or kill Khashoggi, a prominent critic, but the Saudi government has denied any involvement.

Trump did not mention the incident during his visit and called bin Salman an “incredible man.”

“I really believe we like each other a lot,” Trump said.

Trump will go on from Riyadh to Qatar on Wednesday and the United Arab Emirates on Thursday in a trip that is focused on investment rather than security matters in the Middle East, read the report.

Several U.S. business leaders attended the event, including Elon Musk, the Tesla chief who has led a government-downsizing effort for Trump in Washington; OpenAI CEO Sam Altman; BlackRock CEO Larry Fink and Blackstone CEO Stephen Schwarzman.

Trump was shown speaking with several Saudi officials, including sovereign wealth fund governor Yasir al-Rumayyan, Aramco CEO Amin Nasser and investment minister Khalid al-Falih as he viewed models for the kingdom’s flashy, multi-billion-dollar development projects.

Bin Salman has focused on diversifying the Saudi economy in a major reform program dubbed Vision 2030 that includes “Giga-projects” such as NEOM, a futuristic city the size of Belgium. Oil generated 62% of Saudi government revenue last year.

The kingdom has scaled back some of its ambitions as rising costs and falling oil prices weigh.

Trump has not scheduled a stop in Israel, raising questions about where the close ally stands in Washington’s priorities as Trump presses Israeli Prime Minister Benjamin Netanyahu to agree to a new ceasefire deal in the 19-month-old Gaza war.

Israel’s military operations against Hamas in Gaza and Hezbollah in Lebanon, and its assassinations of the two Iran-allied groups’ leaders, have at the same time given Trump more leverage by weakening Tehran and its regional allies, Reuters reported.

Trump said it was his “fervent hope” that Saudi Arabia would soon normalize relations with Israel, following other Arab states that did so during his first 2017-2021 term. “But you’ll do it in your own time,” he said.

Netanyahu’s opposition to the creation of a Palestinian state makes progress with the Saudis unlikely, sources told Reuters.

Trump on Tuesday called Iran “the most destructive force” in the Middle East and warned that the U.S. will never allow it to obtain a nuclear weapon. He said he was willing to strike a new deal with the Islamic Republic but only if its leaders changed course.

“I want to make a deal with Iran,” he said. “But if Iran’s leadership rejects this olive branch… we will have no choice but to inflict massive maximum pressure.”

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Iran declares support for Hezbollah with wider peace deal in doubt

Israel has kept up strikes in southern Lebanon, and has said its forces would not withdraw or halt operations in the country amid increasing friction ​with the U.S.

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Iran has reaffirmed support for its Lebanese ally ​Hezbollah and demanded that Israel withdraw from southern Lebanon, underscoring complications facing an interim deal to end the broader conflict between the U.S. and Iran, Reuters reported.

Tehran has made a ceasefire between ‌Israel and Hezbollah a condition for any peace deal with Washington to resolve the regional war, now in its fourth month, and restart shipping through the Strait of Hormuz.

The latest round of fighting between Hezbollah and Israel erupted at the start of March, two days after the U.S. and Israel launched strikes against Iran. Hezbollah said its actions were in support of Tehran.

“This war will end only when it ends in Lebanon as well,” Iranian Foreign Minister Abbas Araqchi told Lebanese TV ​station Al Mayadeen late on Thursday.

“The end of the war on Lebanon must be accompanied by the withdrawal of Israeli forces from the territories they have occupied,” he said.

The comments came ​after Hezbollah leader Naim Qassem rejected a U.S.-brokered pact between Israel and the Lebanese government to halt the fighting in Lebanon. The deal did not provide for ⁠an Israeli withdrawal and Hezbollah had not been party to the negotiations.

Israel has kept up strikes in southern Lebanon, and has said its forces would not withdraw or halt operations in the country amid increasing friction ​with the U.S.

Hezbollah said on Friday it had carried out two attacks on Israeli troops in south Lebanon, including near the recently captured Beaufort Castle, while Lebanese security services said Israeli airstrikes hit towns across southern Lebanon, read the report.

Mohsen Rezaei, an adviser to Iran’s supreme leader, said Hezbollah had “made great sacrifices in the recent war and it is our ally. Therefore, we support Hezbollah and remain firmly committed to our obligations toward it.”

In comments reported by the semi-official Mehr news agency, Rezaei cautioned Israel against following through on threats to resume strikes against Beirut, the Lebanese capital.

“Today we again warn this sinister regime to leave Lebanon. They should know that Lebanon will be an ​inseparable part of any agreement and any ceasefire,” he said.

Lebanon’s parliament speaker and Hezbollah ally Nabih Berri said on Friday he would agree to the withdrawal of the Iran-backed group from southern Lebanon if ​Israeli troops simultaneously left territory they occupy in the country.

Lebanon’s President Joseph Aoun on Friday accused Iran’s Revolutionary Guards of using Lebanon as a “bargaining chip” in negotiations with the U.S., telling CNN this was “unacceptable”.

Along with Lebanon, residents of ‌Gaza, northern ⁠Israel and Kuwait have all been under fire this week, despite U.S.-arranged ceasefires that President Donald Trump said involved “shooting in a more moderate manner”, rather than a total halt to fighting.

On Friday, Iran’s navy said it had fired warning shots at U.S. destroyers in the Gulf of Oman to counter “maritime mischief and harassment and the hijacking of commercial vessels and oil tankers”. Earlier, U.S. forces said they had boarded an oil tanker in the Indian Ocean and that they would continue to block “vessels providing material support to Iran”.

The U.S. Central Command denied Iran’s claims.

“Iranian forces did NOT attack or fire at U.S. Navy warships. Doing so would be ​a gross violation of the ceasefire,” Central Command ​said in a statement on X.

In Oman, an ⁠alleged drone attack forced the suspension of oil loading at the Mina al Fahal terminal after an explosion, sources said, before normal operations resumed.

After the U.S. and Israel launched the war against Iran on February 28, Tehran fired missiles and drones against Gulf states hosting U.S. bases ​and largely stopped shipping through the Strait of Hormuz.

Trade remains at a fraction of its former levels through the waterway, which previously carried about ​a fifth of global oil ⁠and liquefied natural gas supplies.

The conflict has driven up oil prices and disrupted supply chains for other products. The U.N. World Food Programme said on Friday that it was pushing millions of people closer to hunger due to rising fuel and transport costs, Reuters reported.

The U.S. and Iran have been engaged in largely indirect negotiations to secure an interim deal to halt the war that would leave issues including Iran’s nuclear programme to further negotiations.

As part of any agreement, Tehran ⁠wants access to ​billions of dollars in oil revenue, waivers on sanctions on crude exports, the lifting of a U.S. blockade on its ​ports and leverage over the strait.

Trump, who faces domestic pressure over an unpopular war, has said his top priority is to stop Iran from acquiring nuclear weapons. Iran says its atomic program is for peaceful purposes.

Iranian parliament deputy speaker Hamid-Reza Haji Babaei said on Friday that ​uranium enrichment was Iran’s right, and that Trump had failed to understand that Iran’s “most powerful atomic bomb” was the Strait of Hormuz.

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Trump says he does not need deal with Iran to get enriched uranium

Trump also ‌said ⁠that he did not want to meet with Iran’s Supreme Leader Mojtaba ​Khamenei.

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U.S. President ​Donald Trump on Thursday said ‌that Washington did not need a deal with Iran to ​get enriched uranium ​from the country, Reuters reported.

“We could get ⁠it right now. I ​don’t think they could ​stop us if we wanted, but there’s no reason to. ​It’s entombed,” he told ​reporters in the Oval Office.

Trump also ‌said ⁠that he did not want to meet with Iran’s Supreme Leader Mojtaba ​Khamenei.

But ​he ⁠added that if Washington and Tehran ​reached a deal, it ​was ⁠possible that the two would meet and added: “If ⁠it ​happened … I’d be ​respectful”.

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Hostilities flare in Iran war, oil jumps with talks at a stalemate

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Gulf hostilities flared again on Wednesday, with an Iranian missile attack damaging Kuwait’s airport and the U.S. military carrying out strikes near ​the Strait of Hormuz, as diplomacy between Washington and Tehran showed little progress.

The latest flare-up, which sent oil prices up more than 1%, comes with the conflict stalemated in a shaky ‌ceasefire and the Strait of Hormuz largely closed, more than three months after initial U.S. and Israeli strikes on Iran, Reuters reported.

Flights at Kuwait International Airport were suspended and diverted elsewhere until further notice, the state news agency said, citing aviation authorities, after an Iranian drone and missile attack on its T1 building.

The attack caused injuries and severely damaged some airport facilities, it added, but gave no further details. Kuwait Airways suspended operations after the attack, the airline said in a statement.

Bahrain’s army intercepted three missiles and several ​drones, it said in a statement.

Earlier, the U.S. Central Command said two Iranian missiles shot at Kuwait fell short or broke up in flight, while several ballistic missiles aimed at regional targets failed ​and three missiles heading for Bahrain were intercepted.

Since the conflict began, Iran has repeatedly attacked targets in the Gulf region home to U.S. military bases.

Central Command ⁠said the U.S. military also downed Iranian drones targeting civilian ships in regional waters and U.S. forces in Kuwait, and carried out strikes on Qeshm Island near the Strait of Hormuz following attempted attacks by Iran.

Iran’s ​state media said the elite Islamic Revolutionary Guard Corps (IRGC) attacked the headquarters of the U.S. Fifth Fleet in Bahrain, as well as an airbase and helicopters in an unspecified regional country.

It sent missiles and drones in response ​to what the IRGC described as a U.S. attack on a communications tower south of Qeshm.

Central Command said all the attacks failed, however, and U.S. forces stayed ready to repel “unwarranted Iranian aggression.”

Last week, Iran and the United States said they had reached a tentative initial agreement to halt the war, but they have yet to sign off on the deal.

Iranian media said Tehran has not communicated with Washington for several days, but U.S. President Donald Trump said negotiations had not stopped.

“The conversations between us ​have been going on continuously, including four days ago, three days ago, two days ago, one day ago, and today,” he said in a social media post.

DISCUSSIONS ON NUCLEAR PROGRAM

Since mid-March, Trump has repeatedly said he ​is close to a deal to end the fighting and allow negotiators to tackle thorny issues, including the future of Iran’s nuclear program.

Trump has said his top priority is to stop Iran from acquiring nuclear weapons. Iran denies it is developing a ‌nuclear bomb and ⁠says its atomic program is for peaceful purposes.

Tehran is seeking access to billions of dollars in oil revenues, waivers on crude exports, a lifting of a U.S. blockade on its ports and continued leverage over the strait, traversed by a fifth of the world’s oil and liquefied natural gas traffic before the war.

Iranian media said the IRGC’s navy targeted a vessel it identified as the Panaya with missiles in response to what it said was a U.S. attack on an Iranian tanker near Hormuz.

“Disrupting the security of the Strait of Hormuz will carry a heavy price for the U.S. military,” media cited the IRGC as saying.

U.S. Secretary of State Marco Rubio ​told lawmakers on Tuesday that the U.S. would agree ​to sanctions relief only if Iran agreed to ⁠give up its nuclear activity.

“The war is over,” Rubio declared during a sharp exchange with Democratic Senator Cory Booker of New Jersey, who disagreed.

ISRAEL KEEPS UP STRIKES IN LEBANON

The war has killed thousands since it began on February 28, mainly in Iran and Lebanon, while also causing global economic pain by pushing up energy prices.

It ​also triggered the latest round of conflict between Israel and Lebanese militant group Hezbollah, with Israel pursuing its deepest incursion into Lebanon in 25 years.

On Tuesday, Israel kept ​up strikes on a string ⁠of southern towns, Lebanese security sources said, despite a U.S.-mediated partial ceasefire unveiled on Monday.

The move failed to reassure many Lebanese, 1.2 million of whom have been displaced, and an Israeli drone over Beirut kept residents on edge on Tuesday.

“Every time we return to our homes, there is a warning for us to be displaced again,” said Faten Al Chehime, who fled to a displacement camp on Monday from her home in Beirut’s southern suburbs, just two weeks after ⁠she had returned.

On ​Tuesday, the world’s largest shipping group, MSC, said two projectiles struck one of its vessels while in Iraq’s Umm Qasr port the previous ​day.

The IRGC said it carried out the attack in retaliation for a U.S. attack on an Iranian vessel in the Gulf of Oman.

Children’s agency UNICEF flagged the widening humanitarian crisis as surging transport prices and supply chain disruptions hinder life-saving aid to countries from Gaza ​to Nigeria.

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