Iran is expected to respond on Thursday to a US proposal aimed at ending the conflict and establishing a framework for broader nuclear negotiations, according to media reports, as diplomatic efforts intensified amid continuing tensions in the Gulf.
Oil prices eased slightly on Tuesday after jumping about 6% yesterday following increased hostilities in the Strait of Hormuz.
US President Donald Trump has announced that the US will begin guiding ships through the Strait of Hormuz, which remains largely blocked by Iran, starting Monday.
US President Donald Trump said he will soon review Iran's new 14-point proposal for peace, adding that he “can’t imagine that it would be acceptable.”
Iran will restore commercial shipping through the Strait of Hormuz to pre-war levels within a month as per the draft of an initial unofficial framework for a memorandum of understanding with the United States, a Reuters report quoting Iran's state TV said.
During a meeting with Clemens Augustinus Hach, the former German Ambassador to Bahrain, we had a candid discussion on regional and international affairs. I explained to him, quite frankly, our reservations regarding the West’s limited understanding of our region, only to be surprised when he remarked: “This is the first time I’ve heard such views expressed with this level of honesty.”
US international tourism fell 5.5% in 2025, with four million fewer visitors and over $8 billion lost in spending, marking the sharpest decline since the pandemic and surpassing losses seen during the 2008 financial crisis.
US President Donald Trump said on Saturday that a broader agreement between the United States and Iran had been “largely negotiated” and that the Strait of Hormuz would be reopened, signalling potential momentum toward ending the monthslong conflict.
STATS Group has announced a major expansion of its North American operations with the opening of a new 80,000 sq. ft manufacturing facility in Rosenberg, Texas — its first dedicated production site in the US and the largest capital investment in the company’s history.
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.
