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22:05
Trump Says He’s Paused Planned Iran Strike As Peace Negotiations Continue
U.S. President Donald Trump
US President Donald Trump says he has paused a planned military strike on Iran to allow negotiations over ending the conflict in the Middle East, after Tehran submitted a new peace proposal through Pakistan.
Trumpsaid in a Truth Social poston May 18 that he had told the military that we will NOT be doing the scheduled attack of Iran tomorrow, but have further instructed them to be prepared to go forward with a full, large scale assault of Iran, on a moments notice, in the event that an acceptable Deal is not reached.
Facing pressure to reopen the Strait of Hormuz and reduce the wars economic impact, Trump said leaders of Qatar, Saudi Arabia and the United Arab Emirates had urged him to hold off on the attack because a Deal will be made.
Iran confirmed its views had been relayed to Washington via Pakistan, though a Pakistani source warned: We don’t have much time.
Irans proposal reportedly prioritizes ending the conflict, reopening the Strait of Hormuz, and easing sanctions, while deferring disputes over Tehrans nuclear program.
Iranian sources also claimed Washington had shown greater flexibility on frozen assets and civilian nuclear activity, though the US has not confirmed any concessions.
With reporting by Reuters
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20:03
US Extends Russian Oil Waiver As Bessent Urges Tougher Iran Sanctions
US Treasury Secretary Scott Bessent at a G7 meeting in Paris on May 18.
WASHINGTON — The US Treasury Department has extended for another 30 days a sanctions waiver allowing at-risk countries to purchase Russian oil shipments at sea, as supply disruptions linked to the US-Israeli conflict with Iran continue to roil global energy markets.
US Treasury is issuing a temporary 30-day general license to provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea, Treasury Secretary Scott Bessentsaid in a post on X.
Bessent said the waiver would help stabilize the physical crude market and ensure oil reaches the most energy-vulnerable countries while limiting Chinas ability to stockpile discounted Russian oil.
The decision highlights the increasingly difficult balancing act facing Washington and its allies as they seek to sustain pressure on Moscow over its war against Ukraine while also trying to prevent a wider energy shock tied to escalating tensions with Iran.
The waiver expired over the weekend before being renewed after several poorer countries requested more time to secure supplies disrupted by the closure of Persian Gulf shipping routes, according to a source familiar with the decision. The countries were not identified.
Oil markets remained volatile despite the extension. Brent crude rose about 1.5 percent on May 18 to roughly $111 a barrel amid continuing concerns over Gulf supplies.
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19:34
Iranian TV Presenter Fires Gun At UAE Flag Amid Growing Public Militarization
An armed Iranian state TV presenter fired at a United Arab Emirates flag during a broadcast amid signs of growing public militarization in Iran. It came as US President Donald Trump issued threats of renewed attacks on Iran if it didn’t reach a deal to end the nearly three-month-long conflict.
