Saturday, May 16

Tag: Israel

Iran offers to reopen Strait of Hormuz if US lifts its blockade and the war ends, officials say

Iran has offered to end its chokehold on the Strait of Hormuz in exchange for the US lifting its blockade on the country and an end to the war, while proposing that discussions on the larger question of its nuclear program would come in a later phase, two regional officials say. US President Donald Trump seems unlikely to accept the offer, which was passed to the Americans by Pakistan and would leave unresolved the disagreements that led the US and Israel to go to war on February 28. With a fragile ceasefire in place, the US and Iran are locked in a standoff over the strait, through which a fifth of the world's traded oil and gas passes in peacetime. The US blockade is designed to prevent Iran from selling its oil, depriving it of crucial revenue while also potentially creating...

Trump says US negotiators will be in Pakistan on Monday for talks with Iran

US President Donald Trump says negotiators will head to Pakistan on Monday for talks with Iran, lifting hopes of extending a ceasefire set to expire this week even as Washington and Tehran remain locked in a standoff over the Strait of Hormuz. The prospect of talks on the horizon, which Iran did not immediately confirm, came as ships remained unable to transit the critical waterway amid threats from Iran and a US blockade on ships heading to and from Iranian ports. Iranian officials said earlier on Sunday that they remained open to negotiation, but held firm that ships wouldn't pass the strait while the US blockade remained in effect. President Donald Trump speaks in the Oval Office of the White House, Saturday, April 18, 2026, in Washington. (AP Photo/Julia Demaree Nikhinso...

Iran war to permanently scar global economy even if peace is reached: IMF

The head of the International Monetary Fund (IMF) has warned the Iran war will cause permanent scarring on the global economy even if the fragile two-week ceasefire holds. In a keynote address yesterday, Kristalina Georgieva said the conflict has reversed the global economy's recent surge, which was driven by the AI boom and tech investment. "In fact, had it not been for this shock, we would have been upgrading global growth," she told attendees in Washington. IMF managing director Kristalina Georgieva delivering a keynote address in Washington yesterday. (IMF) "But now, even our most hopeful scenario involves a growth downgrade. Why? Because of significant infrastructure damage, supply disruptions, losses of confidence, and other scarring effects. "Even in the...

Israel warns attacks on Iran ‘will escalate and expand’ as Trump claims advances in ceasefire talks

Israel threatened to "escalate and expand" its attacks on Iran on Friday, even as US President Donald Trump claimed talks on ending the war were going well and gave Tehran more time to open the Strait of Hormuz. Iran, meanwhile, gave no signs of backing down. With stock markets reeling and economic fallout from the war extending far beyond the Middle East, Trump is under growing pressure to end Iran's chokehold on the strait, a strategic waterway through which a fifth of the world's oil is usually shipped. Iran has rejected a 15-point US proposal for a ceasefire that includes it relinquishing control of the strait, but at the same time has ordered thousands more troops to the region — possibly in preparation for a military attempt to wrest the waterway from Iran. A first res...

Trump issues cry for help to other nations to keep oil flowing during Iran war

US President Donald Trump has called on several other countries to send ships to the Middle East to open the Strait of Hormuz and ease the global oil supply disruptions brought on by his war in Iran. The Strait of Hormuz is a critical but narrow waterway in the Gulf region through which ships carrying one-fifth of the world's oil supply pass. It has all but shut due to the war in Iran. Trump today declared he has "beaten and completely decimated Iran, both militarily, economically, and in every other way", but in the same breath asked countries to help secure the 39-kilometre-wide passage. US President Donald Trump wants other nations to send ships to the Strait of Hormuz. (AP) "We have already destroyed 100 per cent of Iran's military capability, but it's eas...

Iran war enters its third week as 2500 more US Marines are being sent to the region

The US-Israel war with Iran entered its third week on Saturday as a missile struck a helipad inside the US Embassy compound in Baghdad and debris from an intercepted Iranian drone hit an oil facility in the United Arab Emirates, further increasing global anxiety about oil supplies. Iran's joint military command threatened to attack cities in the UAE, home to Dubai and one of the world's busiest airports, saying the US used "ports, docks and hideouts" there to launch strikes on Iran's Kharg Island, without providing evidence. It called on people to immediately evacuate areas where it said US forces were sheltering, naming Jebel Ali port in Dubai — the Mideast's busiest — as well as Khalifa port in Abu Dhabi and Fujairah port. Plumes of smoke rise after debris from...
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