US and Iranian officials said a ceasefire deal may be close, but conflicting accounts over sanctions, nuclear terms and the Strait of Hormuz left the outcome uncertain. Pakistan’s prime minister claimed a final text had been agreed, a statement neither Washington nor Tehran confirmed.
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Trump said a settlement to end the Iran war had been reached, but Iranian officials said Tehran had not made a final decision. A proposed memorandum reportedly includes a 60-day ceasefire extension, reopening the Strait of Hormuz and further nuclear talks.
Trump said he canceled planned strikes on Iran and claimed an agreement to end the war was close, but Tehran said nothing had been finalized. The comments followed fresh U.S. and Iranian strikes and new international calls for de-escalation.
Trump threatened new strikes on Iran and the seizure of Kharg Island as U.S.-Iran fighting widened across Gulf states and the Gulf of Oman. Iran said the latest U.S. attacks made the ceasefire “practically meaningless,” while mediation efforts by Qatar and Pakistan continued.
Kuwait said an Iranian missile and drone attack hit its international airport, killing one person and wounding others, as U.S. and Iranian forces traded strikes. President Trump denied Iranian media reports that indirect talks had stopped, saying negotiations were continuing.
U.S. forces struck a military site on Iran’s Qeshm Island after shooting down Iranian drones and missiles, while Iran said its attacks responded to U.S. action against a tanker. The clashes come as ceasefire negotiations remain stalled and shipping through the Strait of Hormuz is disrupted.
The Department of Homeland Security is undergoing the longest federal shutdown in U.S. history due to deep Republican divisions and unclear White House guidance, with Senate and House leaders unable to agree on funding measures. The shutdown has caused operational disruptions at airports and intensified partisan blame, while some Republicans and former President Trump have called for ending the filibuster to pass funding without Democratic support. Meanwhile, tensions in the Middle East escalate as President Trump threatens severe actions against Iran amid stalled peace talks, raising concerns about further military conflict and global economic impacts.
Global oil prices surged to new highs as escalating conflict between the United States, Israel, and Iran intensified missile and drone attacks across the Middle East, raising concerns about prolonged regional instability. Iran and its allied forces targeted Israeli infrastructure and U.S. military assets, while diplomatic efforts for resolution remain stalled amid threats of severe retaliation. The conflict has disrupted global energy markets, particularly impacting Asian oil supplies and driving U.S. gasoline prices to their highest levels since mid-2022, with experts warning of further price spikes and inflationary risks.