Trade tensions between the US and the European Union have intensified after US President Donald Trump announced his intention to raise import tariffs on European cars and lorries to 25% "from next week". The current tariff stands at 15%, said a report.
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.
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 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.
US President Donald Trump has hailed the ceasefire agreement between the US and Iran as a big day for world peace and said there is an opportunity to make big money.
US President Donald Trump said he had agreed to a two-week ceasefire with Iran on Tuesday on the condition that Iran agrees to reopen the critical Strait of Hormuz, while Iran’s supreme leader has instructed all military units to stop firing.
Time is rapidly running out for Donald Trump’s ultimatum to Iran, with the American president warning that Tehran faces devastating consequences if it fails to reopen the Strait of Hormuz before his deadline of 8:00 p.m. EDT Tuesday (00:00 GMT Wednesday).
As the deadline set by US President Donald Trump to Iran to agree a deal nears, he has posted a stark message on his social media warning that a civilisation could die tonight.
Iran said on Monday it wanted a lasting end to the war with the US and Israel, and pushed back against pressure to swiftly reopen the Strait of Hormuz under a temporary ceasefire as US President Donald Trump warned the country could be "taken out" if it did not meet his Tuesday night deadline to reach a deal.
Oil prices climbed on Monday as markets reacted to US President Donald Trump's threat of further action against Iran and set a Tuesday evening deadline linked to the reopening of the Strait of Hormuz.
