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Tehran warned it is ready to retaliate against 'any act of aggression' as US President Donald Trump claimed a fragile ceasefire is 'on the verge of collapse,' deepening uncertainty over diplomatic efforts to end the war. Trump dismissed Iran's latest response to a US peace proposal, calling it 'stupid,' while Iranian officials said they are prepared to respond to any attack.
On the 70th day of the Iran conflict, the US and Iran traded fire near the Strait of Hormuz and accused each other of breaking the ceasefire. President Trump insisted the truce still held, even as oil prices surged and global shipping faced disruption.
Iranian Foreign Minister Abbas Araghchi visited Beijing as US-Iran mediation efforts accelerated. Analysts said shared US-China interests in reopening the Strait of Hormuz could pave the way for peace. China’s balancing act and its role as a key economic lifeline for Tehran give Beijing a potential window for diplomacy.
President Trump says he holds ‘every card’ as the US prepares to guide ships out of the Strait of Hormuz, a waterway Iran has effectively closed. Tehran warns it will forcibly stop any vessel not coordinating with its forces. Analysts note US military and economic advantages, but say Iran’s asymmetric capabilities and control of the vital oil chokepoint give it significant leverage.
U.S. President Donald Trump says he is reviewing a 14-point peace plan from Iran but warns he will resume airstrikes if Tehran 'misbehaves.' The proposal reportedly includes demands for lifting the naval blockade and war reparations, but Trump cast doubt on its chances, saying Tehran has not been punished enough for its actions.
US President Donald Trump rejected Iran’s latest peace proposal, saying it contained demands he could not accept, and warned against a premature end to the conflict. Washington also threatened sanctions on ships paying fees to Iran for transit through the Strait of Hormuz. A new poll showed 61% of Americans consider Trump’s use of force against Iran a mistake.
Average US gasoline prices hit $4.30 per gallon, a four-year high, as the standoff with Iran and closure of the Strait of Hormuz drive crude above $100/barrel. President Trump insists prices will fall sharply after the war ends, but analysts warn oil costs don't automatically cool with a ceasefire. California saw prices exceed $6/gallon, and the spike has dented Trump's approval ratings amid rising public discontent.
The Iranian rial hit a record low of 1.81 million to the dollar amidst a US naval blockade and sanctions. Non-oil trade fell 16% in the past year and oil exports are heavily targeted by US military and financial actions.
