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President Donald Trump said Washington is relying on economic pressure rather than new military strikes to push Iran toward a deal, as stable oil prices ease the burden on American consumers. The remarks come as Oman-mediated talks on reopening the Strait of Hormuz appear close to a breakthrough.
Saudi Arabia's Crown Prince Mohammed bin Salman urged the US to prioritize dialogue to ease tensions with Iran, hours before President Trump paused new airstrikes. The move reflects Gulf concerns about a wider conflict and potential retaliation against energy infrastructure.
President Donald Trump announced that the US and Israel have agreed to postpone new strikes on Iran, citing an approved framework for a deal. Tehran has not confirmed the claim, and details remain vague, with regional tensions persisting over the Strait of Hormuz and broader conflicts.
US President Donald Trump announced he has canceled plans for a large-scale military attack on Iran, asserting that the parties have agreed on the 'outlines of a deal.' The decision follows requests from Iran and several Middle Eastern countries, and Trump said the deal would include the opening of the Strait of Hormuz and an end to Iran's nuclear threat.
Brent crude oil rose about 0.9% on Monday after tit-for-tat attacks between the US and Iran over the weekend, raising concerns about normal shipping through the Strait of Hormuz. Asian stock markets were mixed, with declines in Japan and South Korea offset by gains in Hong Kong and Taiwan. Reports say Washington and Tehran have agreed to halt attacks and resume talks in Doha, Qatar.
Iranian officials have declared that the nation will never forget or forgive the US role in the death of the Supreme Leader, warning of lasting consequences amid escalating tensions. A senior official used the term 'martyrdom' for the first time, directly blaming Washington. Analysts see this as the start of a long-term campaign to pressure the US and rally domestic unity.
Analysts say the rally in Tokyo's stock market, which has pushed the Nikkei index to 70,000 points, is likely to continue thanks to a wave of investment in artificial intelligence and progress in U.S.-Iran talks. Investors are closely watching the upcoming earnings season to gauge AI's impact on corporate results.
The US government says $12 billion in frozen Iranian assets will be used to buy American agricultural products, while Iran denies any binding clause. Analysts say restoring broad trade ties is difficult. Despite decades of sanctions, US-Iran trade reached $838 million in 2024.
Pakistan’s role as a mediator between the US and Iran has boosted its diplomatic stature, opening opportunities in trade, energy, and regional influence while raising questions about economic benefits and internal dividends. The country has hosted talks and facilitated communications, but structural economic weaknesses and domestic disparities remain key challenges.
