Trump stated that the U.S. might again "heavily strike" Iran, saying he was once just one hour away from issuing the order; Iran says it is prepared to respond to any military aggression.
Trump stated that it remains uncertain whether a strike will occur, giving Iran 'a limited amount of time'—roughly two to three days, possibly extending into early next week—to reach an agreement. Iran’s Deputy Foreign Minister said surrender holds no meaning for Tehran; they will either prevail or become martyrs. Iranian military officials added that if adversaries miscalculate again and launch another attack, Iran will open new fronts using new tools and methods.
"NACHO trades" are gaining popularity! Following Goldman Sachs, Bank of America also believes that oil prices will remain at the high level of $90 this year.
The deadlock in the Hormuz crisis persists, with Goldman Sachs and Bank of America successively setting their year-end Brent crude oil price target at $90 per barrel. The head of Bank of America research has further warned of a daily supply shortfall of up to 15 million barrels. June has been identified by multiple institutions as the "tipping point": if the blockade continues, oil prices may surge beyond $130 per barrel, pushing the average U.S. gasoline price close to the $5 per gallon threshold for demand destruction, coinciding with the peak summer driving season.
U.S. Vice President says U.S.-Iran negotiations have made 'significant progress'
On May 19 local time, U.S. Vice President Vance stated at a White House press briefing that direct negotiations between the United States and Iran have made “significant progress” in establishing communication channels and advancing the diplomatic process, though he declined to disclose specific details of the current behind-the-scenes consultations. Vance noted that the U.S. is still engaged in extensive “back-and-forth communications” with Iran and described the talks as “making good progress.” He revealed that he, along with Trump’s son-in-law Kushner and special envoy Witkoff, had previously held lengthy discussions with Iranian officials, primarily aimed at two objectives: first, to reestablish direct communication channels between the two countries that had been severed for a long time; and second, to lay the groundwork for subsequent formal negotiations. He said the negotiating team was not initially “very confident” about reaching an agreement quickly but believed they could “take a significant step t
Express News | Mediators believe that U.S.-Iran negotiations have made little to no progress, as Iran continues to hold firm on its core demands.
Details of Iran's latest peace proposal have been revealed, with its core demands reportedly remaining largely unchanged.
Iranian state media reported on Tuesday that Iran has submitted a new peace proposal to the United States, calling for a comprehensive cessation of hostilities across all fronts—including in Lebanon—and demanding the withdrawal of U.S. forces from areas surrounding Iran, as well as war reparations from the U.S. for damages caused by joint U.S.-Israeli military operations.
If the US and Israel resume strikes, how will Iran respond? Bombing Gulf oil fields with hundreds of missiles daily and blocking the Mandeb Strait once again.
Experts say there will be no prolonged conflict, but rather a "short and intense" campaign — dozens or even hundreds of missiles launched daily targeting oil fields and ports in the Gulf, dragging Saudi Arabia and the UAE into the war. Not enough? The Strait of Mandeb could then be blockaded, further disrupting global trade routes. This is Iran's prepared response.