Thursday, August 20

Tag: Middle East

Iran suspends interim deal commitments as it trades strikes with US over Strait of Hormuz

The United States and Iran exchanged strikes aimed at infrastructure and military targets on Saturday as an Iranian negotiator said Tehran had suspended its commitments under the interim deal with the US — snapping another fragile thread as the war shows no end in sight. The battle over the Strait of Hormuz intensified in a conflict increasingly focused on control of the essential waterway that previously carried a fifth of the world’s crude oil. The widening strikes threatened civilians and services to them, while the global economy again was on alert. Pro-government demonstrators gather at a square in Tehran, Friday, July 17, 2026. AP Photo/Vahid Salemi The US Central Command said early on Saturday that its seventh straight night of strikes hit “surveillance si...

Iran says draft deal with US would reopen Hormuz shipping, end naval blockade

Iran's state TV says it has obtained a draft of an initial, unofficial framework for a memorandum of understanding with the US on ending their conflict. Under the framework, Iran would restore commercial shipping through the Strait of Hormuz to pre-war levels within a month, while the US would withdraw military forces from Iran's vicinity and lift a naval blockade. State TV said the framework, which excludes military vessels and envisages Iran managing ship traffic through the strait in cooperation with Oman, was not yet finalised and that Tehran would take no steps without "tangible verification". Under the framework, Iran would restore commercial shipping through the Strait of Hormuz to pre-war levels within a month. (Getty) It added that if a final agreemen...

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...
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