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US President Donald Trump has not yet decided on a proposed deal to extend the Iran ceasefire and reopen the Strait of Hormuz. Iran insists negotiations are ongoing and no final agreement exists, while both sides trade warnings and accusations amid continued regional tensions.
White House sources confirm the US and Iran have reached a memorandum of understanding to extend the ceasefire for 60 days, pending President Trump's approval. Meanwhile, Lebanon reports 3,516 killed in Israeli attacks since March, and CENTCOM confirms strikes against Iran in response to continued aggression.
Iranian officials say negotiations with the US are ongoing but no final agreement has been reached. Foreign Minister Abbas Araghchi warns against trusting media speculation, while President Trump has threatened intensified pressure. A deal may not be imminent despite some progress.
Military representatives from Lebanon and Israel convened at the Pentagon for US-mediated talks aimed at reinforcing a fragile ceasefire and addressing border security. Despite diplomatic efforts, residents of northern Israel continue to face rocket and drone attacks, and Hezbollah has criticized the negotiations. The talks also focus on Israeli withdrawal from southern Lebanon and the role of the Lebanese Armed Forces.
Reports indicate that the draft agreement between Iran and the United States has not been finalized and has undergone changes in recent days. While some sources suggest the two countries are close to a deal, others point to continued disagreements and ongoing indirect contacts.
Oil prices fell sharply on Friday and Monday amid growing investor optimism that the US and Iran may reach a ceasefire extension, potentially easing tensions that have disrupted global energy markets. Brent crude dropped below $100 a barrel for the first time in weeks, though analysts caution that a full recovery of oil flows could take months.
Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar met with US Secretary of State Marco Rubio in Washington, where they discussed bilateral relations and Pakistan's mediation efforts between the US and Iran. The meeting comes as reports indicate progress in extending the fragile US-Iran ceasefire, though the deal awaits President Trump's approval.
South Korean stocks rallied on Friday after reports that the United States and Iran agreed to extend their ceasefire for 60 days, with the KOSPI gaining over 2 percent. Wall Street also posted record highs, and tech and consumer stocks led gains in Seoul, while defense firms declined.
US Vice President JD Vance says Washington and Tehran have made progress toward a ceasefire extension, but disagreements remain over Iran's enriched uranium stockpile. President Trump has not yet approved any deal, while both sides warn of military action if negotiations fail.
US and Iranian negotiators have agreed on a framework to extend the ceasefire for 60 days and launch talks on Iran's nuclear program, but the deal still awaits approval from President Donald Trump and Iran's leadership. The proposed agreement includes reopening the Strait of Hormuz and easing the naval blockade, amid ongoing skirmishes between the two sides.
Iran and the US have exchanged new rounds of strikes, with Iran targeting US bases in Kuwait and Bahrain and Washington hitting Iranian drone operations, after President Trump dismissed reports of a near-term deal. The escalation threatens a fragile ceasefire and has sent oil prices surging.
President Donald Trump threatened to use military force against Oman if it collaborates with Iran to control the Strait of Hormuz. The threat, made during a cabinet meeting, followed reports of talks between Oman and Iran over joint management of the strategic waterway. The US Treasury separately warned of sanctions against Oman if it facilitates tolls in the strait.
Oil prices rose on Thursday while Asian stocks mostly fell as fresh US strikes on Iran tested a shaky ceasefire. Brent crude climbed to $95.95 a barrel, while Iran's state media reported it fired at ships in the Strait of Hormuz and Kuwait said its air defenses responded to attacks.
After an 88-day blackout, Iran's internet has been partially restored, but many Iranians remain skeptical and frustrated. The restoration has brought both emotional relief and practical challenges, as restrictions persist and economic hardship deepens.
A tentative agreement between the US and Iran to extend the ceasefire by 60 days and open nuclear talks is pending after President Trump requested amendments, while Israeli strikes in Lebanon continue despite a declared ceasefire, drawing criticism from Lebanese officials.
President Donald Trump told a cabinet meeting that the US is 'not satisfied' yet with the terms of a deal being negotiated with Iran, though Tehran is 'very much intent' on reaching an agreement. Secretary of State Marco Rubio cited 'some progress' in talks, while the White House has branded a reported draft agreement a 'complete fabrication'.
South Korea's foreign ministry said anti-ship missiles developed and used by Iran were likely used in an attack on a South Korean-operated vessel in the Strait of Hormuz on May 4. The ministry did not determine who fired the missiles or whether the attack was intentional. Iran's ambassador denied involvement.
Russia confirms its proposal to take highly enriched uranium from Iran remains available, while Tehran says it is grateful but not yet ready to discuss the matter. A US arms control expert calls the idea useful, and quotes suggest the issue is part of broader negotiations.
Ofgem's quarterly price cap will increase by nearly 13% from July, pushing a typical household energy bill to £1,850 a year. The rise, driven by the Iran war and higher wholesale gas prices, has sparked calls for government support, though the chancellor has so far only offered targeted measures.
Israel's defense minister confirmed the assassination of Hamas military chief Mohammed Ouda, the second such killing in under two weeks. The strike has heightened focus on Gaza's future and Israel's long-term plans, including controversial migration proposals.