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Trump admits Iran ceasefire came as a favor to Pakistan, then hints US may resume action

Trump admits Iran ceasefire came as a favor to Pakistan, then hints US may resume action

US President Donald Trump said the US-Iran ceasefire, meant to open diplomacy toward ending hostilities in West Asia, was agreed “as a favour to Pakistan” because the country has mediated talks between Washington and Tehran. Trump also credited broader international pressure for influencing the pause. While he dismissed needing any “favours” from Xi Jinping over the Strait of Hormuz, he suggested China could still pressure Iran. Trump warned the US may carry out “cleanup work” after the month-long truce amid internal doubts about Pakistan’s messaging.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Oil jumps above $100 as US Iran talks stall and Strait of Hormuz stays squeezed

Oil jumps above $100 as US Iran talks stall and Strait of Hormuz stays squeezed

Oil prices surged more than $4 a barrel on May 11 after the US and Iran failed to agree on a Washington-backed peace proposal. With the Strait of Hormuz largely shut, global supplies stayed pressured as President Donald Trump rejected Iran’s response as “unacceptable.” Brent climbed to $105.47 and WTI to $98.51. Analysts warn the ceasefire could be temporary, while Saudi Aramco estimates about 1 billion barrels of supply have been lost in two months, leaving markets edgy heading into Trump’s China trip.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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Pakistan denied helping Iran shield aircraft after US-Iran ceasefire as US officials allege airbase use

Pakistan denied helping Iran shield aircraft after US-Iran ceasefire as US officials allege airbase use

Pakistan has been trying to mediate an end to the US-Iran conflict, but CBS News citing US officials alleges it let Iranian aircraft use Pakistani airbases to reduce the risk of American strikes. The report says Iran moved both military and civilian planes for safety, including to Nur Khan airbase in April. Pakistan’s senior official rejected the claims, arguing Nur Khan is too public to conceal activity. Republican Senator Lindsey Graham urged a complete re-evaluation of Pakistan’s mediator role.

Summarised by Beize from a story on The Economic Times on 14 May 2026
US Iran talks may restart in Islamabad next week with a 14 point MoU draft

US Iran talks may restart in Islamabad next week with a 14 point MoU draft

The US and Iran could resume negotiations as early as next week in Islamabad, the Wall Street Journal reports, citing people familiar with the discussions. Work is underway through mediators on a one-page, 14-point memorandum of understanding meant to set a framework for a month-long negotiation process to end the conflict. The draft reportedly covers Iran’s nuclear program, steps to reduce tensions in the Strait of Hormuz, and options for transferring Iran’s highly enriched uranium, but sanctions relief scope remains unresolved. If progress is made, the talks could be extended.

Summarised by Beize from a story on The Economic Times on 14 May 2026
US Iran war rumbles as two India bound LPG tankers slip through Strait of Hormuz

US Iran war rumbles as two India bound LPG tankers slip through Strait of Hormuz

Two LPG carriers bound for India successfully transited the Strait of Hormuz amid ongoing US-Iran restrictions and a stalled push for a ceasefire. Ship-tracking shows Symi appeared in the Gulf of Oman after going dark, while NV Sunshine followed after changing its indicated destination. Together with other recent crossings since Sunday, the total reached ten large energy ships. The flow continued even as some vessels remained near a US blockade line and one US-turned supertanker idled nearby.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Gold and silver likely stay range bound as investors weigh US Iran talks and key global data

Gold and silver likely stay range bound as investors weigh US Iran talks and key global data

Gold and silver prices may trade in a tight range for a second week as investors digest progress and setbacks in US-Iran peace negotiations alongside upcoming global macroeconomic releases. Analysts expect gold’s momentum to remain consolidative, helped by lower Treasury yields, a softer dollar, and easing crude risk premiums. Silver, however, is seen with a more upbeat bias, supported by copper-linked buying, supply tightness, and central bank demand. Still, Friday’s gains were capped by renewed conflict signals and fresh UAE attack reports.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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US and Iran reportedly near deal to reopen Strait of Hormuz in major de escalation shift

US and Iran reportedly near deal to reopen Strait of Hormuz in major de escalation shift

The United States and Iran are reportedly nearing a diplomatic breakthrough that could gradually reopen the Strait of Hormuz, a vital oil chokepoint carrying nearly one fifth of global energy supplies. The plan hinges on phased easing of a US naval blockade in exchange for Iran loosening restrictions on maritime movement. Reports point to a preliminary one page memorandum that could halt hostilities and trigger a 30 day negotiation window, with talks also covering nuclear issues, sanctions relief, and the return of shipping. Iran is yet to confirm acceptance.

Summarised by Beize from a story on Republic on 14 May 2026
Oil prices jump again as Trump warns ceasefire talks stall and supply worries intensify

Oil prices jump again as Trump warns ceasefire talks stall and supply worries intensify

Oil prices rose for a second straight day, driven by heightened uncertainty over US-Iran ceasefire negotiations and ongoing global supply worries. Trump said peace talks are struggling, while the US plans to release oil from its reserves. Traders are also watching Trump’s upcoming China visit, hoping diplomatic pressure could help unlock a resolution and ease market risk.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Putin Warns US Iran Conflict Is Very Difficult Denies Iran Seeks Nuclear Weapons

Putin Warns US Iran Conflict Is Very Difficult Denies Iran Seeks Nuclear Weapons

Vladimir Putin called the US-Iran conflict in West Asia “very difficult,” while insisting Moscow has seen no evidence that Iran is pursuing nuclear weapons. He cited Russia’s role in the 2015 nuclear deal and referenced Iran’s Bushehr project, arguing existing cooperation and implementation undercut fears of hidden nuclear aims.

Summarised by Beize from a story on Republic on 10 May 2026
US fires on Iran tankers sparks reprisals with peace deal now on shaky ground

US fires on Iran tankers sparks reprisals with peace deal now on shaky ground

Tensions between the US and Iran are escalating after US fighter jets fired on Iranian tankers, prompting Iranian retaliation. Iran has questioned US sincerity in diplomacy and has not yet responded to Washington’s latest peace proposal. Adding urgency, an oil slick has appeared off Iran’s Kharg Island, while a strained Lebanon ceasefire adds pressure to an already fragile situation.

Summarised by Beize from a story on The Economic Times on 9 May 2026

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US and Iran still far from peace as Gulf clashes test a fragile ceasefire

US and Iran still far from peace as Gulf clashes test a fragile ceasefire

Despite a proposed path to end the war, US and Iran remain locked in rising Gulf tensions after renewed clashes tested a fragile ceasefire. US officials say their intelligence points to Iran’s ability to withstand a naval blockade for months. The UAE has also been targeted, and Washington is still waiting for Iran’s response to the latest offer.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Trump hints US expects Iran response after tanker strikes and Lebanon talks set for May 14 and 15

Trump hints US expects Iran response after tanker strikes and Lebanon talks set for May 14 and 15

US President Trump said the US is “supposedly” expecting Iran’s response after its peace proposal, while Secretary of State Rubio said a reply is expected Friday. The Pentagon released video of US strikes on Iranian oil tankers in the Strait of Hormuz. Meanwhile, Iran’s foreign minister criticized US military actions as undermining diplomacy, as Israel-Lebanon talks are scheduled for May 14–15.

Summarised by Beize from a story on Republic on 9 May 2026
US and Iran exchange fire as month old ceasefire crumbles again

US and Iran exchange fire as month old ceasefire crumbles again

Fresh fighting between the US and Iran has shaken a month old ceasefire. Iran says the US targeted its ships, while the US claims it acted in self defense after unprovoked Iranian attacks. The flare up comes as Iran weighs a US plan to end hostilities, yet major disputes—especially Iran’s nuclear program—remain unresolved.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Trump calls US Iran exchange a love tap as ceasefire reportedly holds

Trump calls US Iran exchange a love tap as ceasefire reportedly holds

The US and Iran exchanged fire while testing a month-long ceasefire, with Iran claiming the situation returned to normal. The US military said it responded to Iranian attacks. President Trump downplayed the incident as a “love tap” even as renewed hostilities emerged while Washington awaited Iran’s reaction to a US proposal, pushing oil prices and inflaming US politics.

Summarised by Beize from a story on The Economic Times on 8 May 2026

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Bitcoin jumps to three month high as US Iran peace hopes lift risk bets

Bitcoin jumps to three month high as US Iran peace hopes lift risk bets

Bitcoin has climbed to a three month high as reports of de escalation in US Iran hostilities boost investor confidence. Risk appetite has spilled into broader markets, while gold prices appear to soften as some investors rethink allocations. Traders are now watching whether rising ETF inflows could push BTC higher toward fresh targets.

Summarised by Beize from a story on The Economic Times on 8 May 2026
UAE battles Iranian missile and drone assault as US presses ceasefire after interceptions

UAE battles Iranian missile and drone assault as US presses ceasefire after interceptions

UAE air defences reportedly scrambled to respond to a missile and drone assault from Iran, even as US forces intercepted Iranian attacks aimed at three US Navy ships. The US also struck Iranian facilities linked to the assault, with no ships hit. The flare-up underlines how fragile the April 8 US Iran ceasefire remains.

Summarised by Beize from a story on The Economic Times on 8 May 2026
US fires at Iranian oil tanker in Gulf of Oman as Trump pushes Tehran deal to end war

US fires at Iranian oil tanker in Gulf of Oman as Trump pushes Tehran deal to end war

The US fired on an Iranian oil tanker in the Gulf of Oman as President Trump presses Tehran for a deal aimed at ending the conflict. Israel struck Beirut’s southern suburbs, while the fighting continues to disrupt oil and gas shipments. Iran is reviewing American proposals, but with strikes and pressure mounting, tensions remain high and outcomes uncertain.

Summarised by Beize from a story on The Economic Times on 7 May 2026
Rupee surges to 94.61 as US Iran peace hopes spark global relief rally

Rupee surges to 94.61 as US Iran peace hopes spark global relief rally

The Indian rupee jumped to 94.61 against the US dollar on Wednesday, its strongest single day gain in about a month. The move followed a broader relief rally in Asian currencies as investors grew more optimistic about the possibility of a cessation of hostilities between the US and Iran. Risk sentiment improved, lifting regional FX broadly.

Summarised by Beize from a story on The Economic Times on 7 May 2026

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Brent Crude Falls Below 100 as US Iran Deal Hopes Spark Oil Rout

Brent Crude Falls Below 100 as US Iran Deal Hopes Spark Oil Rout

Brent crude fell below $100 a barrel on fresh hopes of easing Middle East tensions after renewed US-Iran deal talk. The North Sea benchmark dropped 9.3% to $99.64, while US West Texas Intermediate plunged 10.7% to $91.33, signaling a sharp shift in market expectations toward a potential end to hostilities.

Summarised by Beize from a story on The Economic Times on 6 May 2026
US and Iran near one page deal that could end war Axios reports

US and Iran near one page deal that could end war Axios reports

The US and Iran are reportedly nearing a one-page memorandum aimed at de-escalating tensions and clearing the path for nuclear talks. The draft includes Iran halting nuclear enrichment, the US lifting sanctions and releasing frozen funds, and both sides easing Strait of Hormuz transit restrictions. Iran is expected to respond within 48 hours.

Summarised by Beize from a story on The Economic Times on 6 May 2026
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