Hopes of a breakthrough in efforts to end the US-Israeli conflict with Iran rose after President Donald Trump and Vice President JD Vance struck an optimistic tone, suggesting that negotiations with Tehran were making significant progress and that a deal to halt hostilities could be within reach.
US President Donald Trump said on Monday he had paused a planned attack against Iran after Tehran sent a peace proposal to Washington, and that there was now a "very good chance" of reaching a deal limiting Iran's nuclear programme.
GymNation, an upcoming gym operator, has secured a $100 million private credit facility from certain funds and entities controlled by HPS Investment Partners, a part of global asset manager BlackRock, in one of the first regional investments of its size since the Iran conflict commenced.
Warning signs of a regional escalation emerged on Sunday as US President Donald Trump intensified his rhetoric toward Iran, the United Arab Emirates reported a drone strike near its Barakah Nuclear Power Plant, and Saudi Arabia said it had intercepted three drones that entered its airspace from Iraq.
Pakistan has conveyed to the United States a revised Iranian proposal aimed at ending the Middle East conflict, a Pakistani source told Reuters on Monday, after US President Donald Trump rejected Tehran’s earlier plan as unacceptable.
US President Donald Trump said his patience with Iran was running out and that Chinese President Xi Jinping had agreed during their talks in Beijing that Tehran must reopen the Strait of Hormuz.
Countries striking side deals with Iran to secure oil and gas shipments through the Strait of Hormuz are raising fresh concerns among Gulf exporters, as the lack of progress in US-Iran peace talks fuels fears that Tehran could entrench its new control over one of the world’s most critical energy corridors.
A Reuters survey showed that oil output Opec fell to a more than 20-year low in April, dropping 830,000 barrels per day to 20.04 million bpd as Strait of Hormuz disruptions linked to the US-Israeli conflict with Iran hit exports.
US President Donald Trump on Sunday rejected Iran’s response to a US peace proposal as “totally unacceptable,” dealing a fresh blow to efforts to end the conflict and raising the risk of renewed instability in the Gulf, where shipping through the Strait of Hormuz remains severely disrupted.
Iran has formally presented to Pakistani mediators its response to the latest US proposal aimed at ending the war, a source familiar with the matter confirmed on Sunday.
