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As the US awaits Tehran's response to a draft peace agreement circulated by Donald Trump, control over the Strait of Hormuz and Iran's highly enriched uranium stockpile remain key sticking points. Iranian officials assert the strait's strategic value, while Pakistani mediators push for a permanent ceasefire.
Iran's Islamic Revolutionary Guard Corps says over 30 commercial vessels passed through the Strait of Hormuz in the last day, following its establishment of a safe maritime route. The announcement comes amid heightened regional tensions following US and Israeli military operations against Iran in late February.
The Federation of Public Transport Sector, including the Matatu Owners Association, has called off its nationwide fuel strike following a meeting with President William Ruto at State House Mombasa. Ruto promised an additional diesel price reduction and pledged to address sector grievances, while rejecting claims of government intimidation.
NATO foreign ministers gathered in Helsingborg, Sweden, as US President Donald Trump announced sending 5,000 additional troops to Poland—a move welcomed by NATO chief Mark Rutte but that also caused confusion among allies over US troop shifts. Germany's foreign minister stressed Berlin's readiness to take on greater leadership within the alliance.
The US embassy in New Delhi has launched a campaign featuring President Trump's face on autorickshaws to celebrate America's 250th anniversary, with ambassador Sergio Gor unveiling the initiative. The move has drawn mixed reactions from locals, and Secretary of State Marco Rubio is set to visit India this weekend.
Republican leaders in the US House of Representatives canceled a scheduled vote on a war powers resolution that aimed to end US military action in Iran without congressional authorization. The move came as support for the war appeared to be slipping within the party, and the vote was postponed until June.
US Secretary of State Marco Rubio expressed hope for progress in ending the war with Iran, as Pakistani mediators prepare to travel to Tehran for talks. A ceasefire has held since April 8, but negotiations have yet to yield a lasting agreement, with the future of the Strait of Hormuz remaining a key sticking point.
Australian share market futures indicate gains as diplomatic hopes ease US-Iran tensions, with oil prices dropping on peace prospects. SpaceX's IPO priced at $135 per share, raising a record $75 billion.
President Donald Trump has publicly opposed any toll system for ships passing through the Strait of Hormuz, insisting it remains an international waterway. Reports indicate Iran is in talks with Oman to establish such fees, but the U.S. maintains that any such move would complicate diplomatic negotiations.
Two Chinese-operated supertankers were among three vessels that passed through the Strait of Hormuz on Wednesday, according to ship-tracking data, as Iran appeared to allow more traffic through the strategic waterway. The move comes ahead of a meeting between U.S. and Chinese leaders and amid reports of Iran tightening its control over the strait.
Russian officials reiterate Moscow's willingness to discuss Europe's future architecture, yet note that the EU has not formally approached with proposals and must reconsider its stance. Kremlin spokesman Dmitry Peskov sees a positive shift in European discussions but stresses the need for serious engagement.
As Washington steps back from military threats against Iran, Israeli political and media circles appear eager to renew hostilities. Meanwhile, a Channel 14 presenter's on-air disclosure of sensitive security information has drawn sharp criticism from opposition lawmakers and a former IDF chief of staff.
Reports describe a tense phone call between President Trump and Prime Minister Netanyahu over Iran, with Netanyahu favoring renewed strikes and Trump leaning toward a diplomatic deal. Israeli sources say Israel feels sidelined in US-Iran talks, while some analysts suggest the public discord is a calculated feint. Trump publicly praised Netanyahu, saying he will 'do whatever I want him to do.'
US President Donald Trump has said Washington is ready for further strikes on Iran if no peace deal is reached, while signalling patience of a few days to secure acceptable terms. Negotiations centre on Iran’s nuclear programme, sanctions and the Strait of Hormuz, with US officials stressing military readiness and regional partners joining a defensive shipping mission.
Pakistan's Interior Minister Mohsin Naqvi has made two visits to Tehran in a week to help keep US-Iran negotiations alive amid escalating threats from both sides. While some progress has been reported, disputes over Iran's uranium stockpile and control of the Strait of Hormuz remain unresolved.
South Korean stocks rallied sharply on May 21, with the KOSPI jumping 8.42 percent, as Samsung Electronics averted a strike and Nvidia's strong earnings boosted tech sentiment. The market also drew support from hopes of a U.S.-Iran peace deal, though gains were tempered in subsequent sessions by profit-taking and renewed geopolitical tensions.
As fertiliser supply chains tighten and prices surge due to the blocked Strait of Hormuz, Australia faces its third fertiliser shortage in recent years. With nearly all nitrogen fertiliser imported, farmers and researchers are exploring alternatives, from organic farming methods to green ammonia produced with renewable energy.
Iran's Islamic Revolutionary Guard Corps has threatened to expand the conflict beyond the Middle East if the US and Israel launch new attacks. The warning follows US President Donald Trump's mixed signals on negotiations, and comes amid ongoing diplomatic efforts mediated by Pakistan.
A New York Times report claims the US and Israel planned to install former Iranian president Mahmoud Ahmadinejad as leader during the war, a plan that allegedly went awry after an Israeli strike aimed at freeing him from house arrest. Sources differ on the credibility and implications of the plan, with some calling it implausible or reckless.
Chinese President Xi Jinping urged an immediate end to hostilities in West Asia during talks with Russian President Vladimir Putin, as two Chinese oil tankers departed the Strait of Hormuz. The meeting comes amid escalating U.S.-Iran tensions and a reported Iranian peace proposal.