Regional
Trump demands other countries help secure vital Strait of Hormuz as Iran vows defiance
Asian markets were in a wary mood on Monday as the Gulf hostilities kept oil prices elevated. Brent rose 0.1% to $103.27 a barrel, while U.S. crude fell 0.7% to $97.99.
President Donald Trump said on Sunday his administration is talking to seven countries about helping to secure the Strait of Hormuz amid the U.S.-Israeli war on Iran, calling on them to help protect ships in the vital waterway that Tehran has mostly blocked to oil tanker traffic, Reuters reported.
With the conflict creating turmoil across the Middle East and shaking up global energy markets in its third week, Trump insisted that nations relying heavily on oil from the Gulf have a responsibility to protect the strait.
“I’m demanding that these countries come in and protect their own territory because it is their territory,” Trump told reporters aboard Air Force One on the way from Florida to Washington. “It’s the place from which they get their energy.”
Though he declined to identify the seven governments that his administration has contacted, Trump said this weekend that he expected many countries would send warships to allow shipping through the Strait of Hormuz, a conduit for 20% of the world’s oil.
He said in a social media post he hoped China, France, Japan, South Korea, Britain and others would participate.
In an interview with the Financial Times on Sunday, Trump ratcheted up pressure on European allies to help protect the strait, warning that NATO faces a “very bad” future if its members fail to come to Washington’s aid.
Trump also said Washington is in contact with Iran but expressed doubt that Tehran is prepared for serious negotiations to end the conflict.
U.S. officials responding to economic uncertainty over high oil prices predicted on Sunday that the war on Iran would end within weeks and that a drop in energy costs would follow, despite Iran’s assertion that it remains “stable and strong” and ready to defend itself, read the report.
Trump had threatened more strikes on Iran’s main oil export hub Kharg Island over the weekend and said he was not ready to reach a deal to end the war which has shut off the vital Strait of Hormuz.
The Trump administration plans to announce as early as this week that multiple countries have agreed to form a coalition to escort ships through the narrow waterway but they are still discussing whether those operations would begin before or after hostilities end, the Wall Street Journal reported, citing unnamed U.S. officials.
Trump offered few specifics about the kind of assistance he wanted from other countries to open up the strait, except to say some have minesweepers and “a certain type of boat that could help us.”
Asian markets were in a wary mood on Monday as the Gulf hostilities kept oil prices elevated. Brent rose 0.1% to $103.27 a barrel, while U.S. crude fell 0.7% to $97.99.
Trump, who on Friday said the U.S. Navy would “soon” start escorting oil tankers, has said previously that Iran wants to negotiate, but Iranian Foreign Minister Abbas Araqchi earlier on Sunday disputed that claim.
“We have never asked for a ceasefire, and we have never asked even for negotiations,” Araqchi told CBS’ “Face the Nation” program. “We are ready to defend ourselves for as long as it takes.”
With crude oil prices hovering around $100 a barrel, Trump administration officials insisted that all signs point to a relatively quick end to the conflict.
“This conflict will certainly come to the end in the next few weeks — could be sooner than that,” U.S. Energy Secretary Chris Wright told ABC’s “This Week” program.
Trump on Sunday did not put a timeframe on concluding the war but said oil prices “are going to come tumbling down as soon as it’s over, and it’s going to be over pretty quick.”
But the U.S. president said he saw no reason to declare victory yet.
“I think I just say they’re decimated.” Trump told reporters. “If we left right now, it would take them 10 years or more to rebuild, but I’m still not declaring it over.”
Meanwhile, Araqchi sought to project an image of strength and resilience despite waves of U.S. and Israeli air strikes that have killed a number of Iranian leaders, sunk much of the Islamic Republic’s navy and devastated its missile arsenal, Reuters reported.
“It’s not a war of survival. We are stable and strong enough,” Araqchi told CBS. “We don’t see any reason why we should talk with Americans, because we were talking with them when they decided to attack us, and that was for the second time.”
Trump said on Saturday that U.S. strikes had “totally demolished” much of Kharg Island and warned of more, telling NBC News on Saturday, “We may hit it a few more times just for fun.”
The comments marked a sharp escalation from Trump, who had previously said the U.S. was targeting only military sites on Kharg, and dealt a blow to diplomatic efforts to end a war that has spread across the Middle East and killed more than 2,000 people, most in Iran and Lebanon.
With global air transport heavily disrupted and no clear end in sight, Iran’s ability to choke off traffic through the Strait of Hormuz, the conduit for a fifth of global oil and liquefied natural gas, has emerged as a decisive threat to the global economy.
Although some Iranian vessels have continued to pass and a few ships from other countries have successfully made the crossing, the passage has been effectively closed for most of the world’s tanker traffic since the United States and Israel attacked Iran on February 28 at the start of an intensive bombing campaign that has hit thousands of targets across the country.
Regional
Fourteen Pakistani police officers killed in KP car bombing and shootout
The death toll from a suicide attack on a security post in northwest Pakistan rose to 14 police officers, authorities said early Sunday.
A suicide bomber and several gunmen detonated an explosives-laden vehicle near the post in Bannu, a district in Khyber Pakhtunkhwa province, late Saturday, said senior police official Sajjad Khan. The attack triggered an intense shootout, and some officers were killed in the exchange, while others died later after the building collapsed, the Associated Press reported.
Rescuers conducted an hourslong search operation using heavy machinery to retrieve bodies from under the rubble, Khan said, adding that three police officers were wounded in the attack.
Security forces have also launched an operation to track down the perpetrators.
A newly formed militant group, Ittehad-ul-Mujahideen Pakistan, claimed responsibility for the attack.
Regional
UAE countering Iranian air attack after Trump says ceasefire still in effect
U.S. ally the United Arab Emirates said its air defences were engaging missile and drone threats from Iran early on Friday in a further test of the shaky, month-long ceasefire between the U.S. and Iran.
There were few details immediately available about the latest attack on the UAE, which came a day after the U.S. and Iran exchanged fire around the Strait of Hormuz, and as Washington awaited a response from Tehran to its proposal to end the conflict. Iran has often targeted the UAE and other Gulf countries that host U.S. bases since the war began on February 28, Reuters reported.
President Donald Trump said on Thursday three U.S. Navy destroyers were attacked as they moved through the strait, a conduit for around a fifth of the world’s oil and liquefied natural gas flows that Iran has all but closed since the conflict started.
“Three World Class American Destroyers just transited, very successfully, out of the Strait of Hormuz, under fire. There was no damage done to the three Destroyers, but great damage done to the Iranian attackers,” Trump wrote on Truth Social.
Trump later told reporters the ceasefire was still in effect and sought to play down the exchange.
“They trifled with us today. We blew them away,” Trump said in Washington.
Iran’s top joint military command accused the U.S. of violating the ceasefire by targeting an Iranian oil tanker and another ship, and of carrying out air attacks on civilian areas on Qeshm Island in the Strait of Hormuz and the nearby coastal areas of Bandar Khamir and Sirik on the mainland. The military said it responded by attacking U.S. military vessels east of the strait and south of the port of Chabahar.
A spokesperson for Iran’s Khatam al-Anbiya Central Headquarters said the Iranian strikes inflicted “significant damage,” but U.S. Central Command said none of its assets were hit.
Iran’s Press TV later reported that, following several hours of fire, “the situation on Iranian islands and coastal cities by the Strait of Hormuz is back to normal now.”
The two sides have occasionally exchanged gunfire since the ceasefire took effect on April 7, with Iran hitting targets in Gulf countries including the UAE.
Oil prices rose in early trade in Asia on Friday, with Brent crude jumping above $100 a barrel after the latest clashes between the U.S. and Iran.
TRUMP URGES NEGOTIATED END TO WAR
Trump suggested ongoing talks with Tehran remained on track despite Thursday’s hostilities, telling reporters, “We’re negotiating with the Iranians.”
Before the latest strikes, the U.S. had floated a proposal that would formally end the conflict but did not address key U.S. demands that Iran suspend its nuclear work and reopen the strait.
Tehran said it had not yet reached a decision on the emerging plan.
Even so, Trump said Tehran had acknowledged his demand that Iran could never get a nuclear weapon, a prohibition he said was spelled out in the U.S. proposal.
“There’s zero chance. And they know that, and they’ve agreed to that. Let’s see if they are willing to sign it,” Trump said.
Asked when any deal might be reached, Trump said, “It might not happen, but it could happen any day. I believe they want to deal more than I do.”
The war has tested Trump’s relationship with his U.S. base of supporters, after he had campaigned against involving the United States in foreign wars and promised to bring down fuel prices.
Average U.S. gasoline prices have climbed more than 40% since late February, rising by about $1.20 a gallon to more than $4, according to data from the American Automobile Association, as disruptions to oil shipments through the Strait of Hormuz pushed crude oil prices higher.
Regional
US and Iran closing in on one-page memo to end war, Axios reports
The U.S. State Department and White House did not immediately respond to a request for comment.
The White House believes it is getting close to an agreement with Iran on a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations, Axios reported on Wednesday, citing two U.S. officials and two other sources briefed on the issue.
The U.S. expects Iranian responses on several key points in the next 48 hours, according to the report which cautioned that nothing has been agreed yet but said this was the closest the parties had been to an agreement since the war began, Reuters reported.
Among other provisions, the deal would involve Iran committing to a moratorium on nuclear enrichment, the U.S. agreeing to lift its sanctions and release billions in frozen Iranian funds, and both sides lifting restrictions around transit through the Strait of Hormuz, Axios said.
The one-page, 14-point memorandum of understanding is being negotiated between U.S. envoys Steve Witkoff and Jared Kushner and several Iranian officials, both directly and through mediators, the report said.
In its current form, the memorandum would declare an end to the war in the region and the start of a 30-day period of negotiations on a detailed agreement to open the strait, limit Iran’s nuclear programme and lift U.S. sanctions, Axios added.
Iran’s restrictions on shipping through the strait and the U.S. naval blockade would be gradually lifted during that 30-day period, Axios said, citing one U.S. official who added that if the negotiations collapse, U.S. forces would be able to restore the blockade or resume military action, read the report.
Iran said earlier on Wednesday it would accept a peace deal only if it was “fair”, after U.S. President Donald Trump paused a three-day-old naval mission tasked with reopening the Strait of Hormuz that had shaken the war’s month-old ceasefire.
Reuters could not immediately verify the report. The U.S. State Department and White House did not immediately respond to a request for comment.
U.S. stock index futures extended gains following the Axios report.
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