LIVE – Updated at 5:20 PM
On Monday, Iran warned it would retaliate with "full force" against any aggression, following Donald Trump's statement that "there won't be anything left of them" if they don't quickly finalize a deal to end the conflict.
An Iranian foreign ministry spokesperson, Esmaeil Baqaei, stated that Tehran is maintaining a "serious approach to diplomacy," while emphasizing that the Islamic Republic "will not be intimidated by conflicting actions and threats from the other party."
We are completely ready for any situation," he stated, cautioning that, "if there is any reckless move, we will react with full power, and I guarantee that our military will definitely have new 'surprises' for the opponent.
Donald Trump has stated on his Truth Social platform that the "clock is ticking" to conclude the conflict, as negotiations for peace seem to have come to a standstill.
Iran is believed to have transmitted its most recent peace proposal to the United States through Pakistan, although a Pakistani official stated that both parties "continue to shift their objectives."
Key Points
- Israel is getting ready for the potential restart of attacks against Iran.
- Oil prices reach a two-week peak of $112 per barrel
- Senior Iranian figure cautions the United States to cease the blockade of Iranian harbors
- American aircraft carrying weapons arrive in Israel, according to a report.
The US claims it has rerouted and halted commercial vessels during the blockade.
17:20 , Rebecca WhittakerThe U.S. Central Command stated it "redirected" 84 commercial vessels and "disabled" four during its restriction of Iran's ports, according to a post on X.
Since the conflict started, Iran has imposed a blockade on the Strait of Hormuz, which typically handles a large volume of international oil shipments each day.
Turkey cautions the United States and Iran about the risks of restarting hostilities
17:10 , Rebecca WhittakerTurkey's Minister of Foreign Affairs, Hakan Fidan, thinks there's no justification for the United States and Iran to fail to reach an agreement via discussions.
He also mentioned that Ankara's main focus was supporting Pakistan's mediation initiatives and ensuring the truce remained in place.
At a press conference in Berlin, Fidan stated that Turkey hoped both Iran and the United States recognized the risks of restarting their conflict.
Fully: Trump criticizes Iran for submitting a peace proposal that "has no connection to the agreement we reached"
17:00 , James ReynoldsDonald Trump has charged Iran with hindering attempts to conclude the conflictby submitting a peace proposal that has "no connection" to the agreement currently being negotiated between the two nations.
The U.S. President stated that Tehran was "eager to reach an agreement" despite both parties seeming to be stuck on critical matters, such as Iran's nuclear program.
"They shout constantly," he said.FortuneBefore his trip to China last week, he said, "I can tell you one thing - they're really eager to sign a deal. But once they do, they send you a document that has nothing to do with the agreement we made. I ask, 'Are you people crazy?'"
Watch: Lindsey Graham urges Trump to attack Iran's energy facilities
15:47 , James ReynoldsThe U.S. has demonstrated openness regarding Iran's continuation of limited nuclear activities, according to a source.
15:17 , James ReynoldsThe United States has demonstrated openness to permitting Iran to carry out limited peaceful nuclear activities, provided they are monitored by the International Atomic Energy Agency, according to a high-ranking Iranian official who spoke with Reuters on Monday.
The source mentioned that regarding Iran's frozen assets, Washington has only agreed to release one quarter of them based on a step-by-step schedule. The source added that Iran is asking the U.S. to reevaluate both positions.
According to the source, in its latest proposal, Iran has once more emphasized achieving a cessation of hostilities, reopening the Strait of Hormuz, and removing maritime restrictions.
The more controversial topics concerning Iran's nuclear program and uranium enrichment, which continue to be the most challenging aspects of the discussions, have been postponed for future sessions.
IKEA franchisee cuts jobs as part of cost-reduction initiative fueled by the Iran conflict
15:00 , James ReynoldsInter IKEA, the global franchisor of the popular Swedish furniture brand, is planning to cut 850 positionsjobsas it faces decreasing customer demand and seeks to simplify its processes. This action is a component of the company's larger effort to reduce expenses.
Responsible for franchising IKEAOperated in 63 countries and overseeing product procurement globally, Inter IKEA has faced pressure from rising costs and U.S. tariffs.
This occurs during a shift in strategy from its conventional large suburban warehouses to smaller city-center locations, aimed at attracting customers and reducing costs.
IKEA franchisee eliminates hundreds of jobs to avoid increasing prices
Summary: Pakistan provides the US with an updated Iranian plan to conclude the conflict
14:30 , James ReynoldsA peace mediator from Pakistan has conveyed a revised proposal from Iran to the United States aimed at ending the conflict in the Middle East, according to a Pakistani source on Monday. The source cautioned that the parties involved "don't have much time" to resolve their disagreements.
An Iranian Foreign Ministry representative, Esmaeil Baghaei, later stated that Tehran's position had been "shared with the American side via Pakistan," although he provided no further information.
A delicate truce is currently in effect following six weeks of conflict that began with US-Israeli strikes on Iran, yet negotiations facilitated by Pakistan have come to a standstill, and US President Donald Trump has stated that the ceasefire is "on life support."
A Pakistani source provided no information about the updated proposal. When asked if it would take time to bridge the gaps, the source stated that both parties "continually shift their objectives" and remarked, "We don't have much time."
Fully: Trump criticizes Iran for submitting a peace proposal that "has no connection to the agreement we reached"
14:05 , James ReynoldsDonald Trump has charged Iran with hindering attempts to conclude the conflictby submitting a peace proposal that has "no connection" to the agreement currently being negotiated between the two nations.
The U.S. President stated that Tehran was "eager to reach an agreement" despite both parties seeming to be stuck on critical matters, such as Iran's nuclear program.
"They shout constantly," he said.FortuneBefore his trip to China last week, he said, "I can tell you one thing - they're really eager to enter into a deal. But once they make a deal, they send you a document that has nothing to do with the agreement we reached. I ask, 'Are you people crazy?'"
Is it secure to visit Dubai and Abu Dhabi?
13:30 , James ReynoldsAfter a reportedly targeted drone attack near anuclear power station In the United Arab Emirates (UAE), numerous tourists continue to express worries about visiting Dubai and Abu Dhabi.
The temporary shutdown of Middle Eastern airspace in March halted flights and caused major travel disruptions to the UAE following a series of attacks throughout the region.
Flights between the UAE and the UK are slowly coming back, offering Britons more available commercial routes to depart the country.
Is it safe to visit Dubai and Abu Dhabi? Recent guidance following a nuclear facility incident
Marjorie Taylor Greene cautions about a 'revolution in the United States' if Trump deploys military forces to Iran
13:00 , James ReynoldsMarjorie Taylor Greene has stated that there would be a "political revolution in" the U.S. ifPresident Trump sends U.S. troops into Iran.
It remains uncertain what specifically led the former Republican representative and former Trump supporter to deliver the warning, although reports suggest that the U.S. and Israel are getting ready for renewed conflict despite the fragile ceasefire that has been in place for a month.
If you deploy U.S. military forces into Iran, there will be a political upheaval in America. WE. ARE. DONE. We declared no more foreign conflicts and we stand by that," stated Greene in a Sunday afternoon message on X. "The coalition will come together and become unstoppable. I'll ensure that happens.
MTG cautions about a 'uprising in America' if Trump deploys U.S. forces into Iran
In images: Aftermath of an Israeli attack on apartments in Baalbek, Lebanon
12:30 , James Reynolds
Trump's 'time is running out' warning regarding Iran causes oil prices to rise and global markets to fall
12:00 , James ReynoldsGlobal financial markets began the week with significant volatility, as Asian stock indices mostly declined and oil prices increased sharply, after Donald Trump issued a strong message to Tehran stating "the clock is ticking" during ongoing talks about ending the conflict permanently.
U.S. futures also experienced drops, decreasing by over 0.6%.
The increase in oil prices was closely connected to Trump's social media message, which stated: "The Clock is Ticking, and they better get moving, FAST, or there won’t be anything left of them."
Trump's warning regarding Iran causes oil prices to rise sharply and global markets to fall
Summary: Iran warns the UAE following reports of an attack on a nuclear facility
11:30 , James ReynoldsIran has issued a new caution to the United Arab Emirates following a drone attack on an Emirati nuclear power facility, raising concerns about further escalation.
Mohsen Rezaei, who previously led the IRGC and served as secretary of Tehran's Expediency Council, cautioned on Sunday that "the UAE should avoid getting involved in Israel's plans and strategies" after news emerged about an attack at the Barakah Nuclear Power Plant in Abu Dhabi.
Rezaei stated that Iran has not "closed the door to friendship" with the United Arab Emirates, but they "must understand that Iran's patience has its boundaries," as reported by Iran's ISNA news agency.
The Iranian foreign ministry stated on Monday that Tehran has "no hostility" toward any regional nations, following the UAE's assertion that it has the right to respond to a reported drone attack in Abu Dhabi.
As the region faced the possibility of returning to conflict, the ministry stated that discussions were continuing with Pakistan acting as a mediator, and both parties had provided fresh responses to the latest Iranian plan to conclude the war.
Summary: Trump warns Iran that time is running out to halt the conflict
11:00 , James ReynoldsDonald Trump has warned Tehranthat the "clock is running out" and warned of repercussions if its leaders fail to act swiftly.
"For Iran, the Clock is Ticking, and they had better start moving, quickly, or there won't be anything left of them. TIME IS CRUCIAL!," theUSThe president wrote in a Truth Social post.
Trump cautioned that if Tehran did not achieve a peace deal with the United States, it would experience "a very difficult period."
If they don't, they'll end up with a bad timeA terrible period. They should better reach an agreement," Trump said to French media. He also posted an AI-created image of himself and a U.S. Navy admiral standing in front of turbulent waters, along with the caption: "It was peaceful before the storm.
The G7 is the appropriate platform to address ending the Iran conflict, says a German minister.
10:30 , James ReynoldsThe Group of Seven nations is the appropriate platform for addressing how to achieve a permanent resolution to the conflict in Iran, which, together with the blockade of the Strait of Hormuz, presents a significant risk to the world economy, said German finance minister Lars Klingbeil on Monday.
Klingbeil is set to go to Paris to attend a gathering of G7 finance ministers and central bank officials on Monday and Tuesday.
Our journey as Europeans is straightforward: We focus on collaboration instead of conflict," he stated. "We emphasize partnerships, dependability, free trade, and the power of the rule of law.
The official stated that recent challenges have highlighted the importance of Germany and Europe becoming more self-reliant and robust, especially concerning raw materials, energy, and distribution networks.
Summary: Pezeshkian extends an invitation to Pakistan for discussions in Tehran
10:00 , James ReynoldsPakistan's interior minister Mohsin Naqvi met with Iranian president Masoud Pezeshkian in Tehran on Sunday.
Naqvi spent almost three hours at the presidential office and had a private discussion with Pezeshkian that lasted approximately 90 minutes, according to a statement from Pakistan's embassy.
Pakistan conveys Iranian suggestion to Washington
09:37 , James ReynoldsPakistan has conveyed to the United States a modified suggestion from Iran aimed at resolving the conflict in the Middle East, according to a Pakistani official on Monday.
We're running short on time," the source said to Reuters, in response to whether it would take time to bridge the gaps, and mentioned that both nations "continually shift their objectives.
Watch: Lindsey Graham urges Trump to attack Iran's energy facilities
09:31 , James ReynoldsMultinational companies lose $25 billion as conflict in Iran impacts markets, new study reveals
09:00 , James ReynoldsThe ongoing conflict between the US and Israel with Iran has already resulted in losses of at least $25 billion for companies globally, with the financial impact continuing to rise, as per a recent study.
A Reuters analysis of corporate statements since the beginning of the conflict from companies based in the United States, Europe, and Asia provides a sobering view of the consequences.
Companies are facing rising energy costs, disrupted supply chains, and trade routes blocked due to Iran's control over the Strait of Hormuz.
At least 279 businesses have mentioned the conflict as a reason for taking protective measures to reduce financial losses, such as raising prices and reducing output, according to the study. Some have stopped paying dividends or repurchasing shares, placed employees on leave, introduced additional fuel charges, or requested urgent government support.
Washington urges G7 nations to impose sanctions on Iran's 'military apparatus'
08:28 , James ReynoldsU.S. Treasury Secretary Scott Bessent announced on Monday that he plans to urge G7 finance ministers to implement a sanctions policy aimed at cutting off funding from what Bessent referred to as Iran's "military apparatus."
Bessent stated that the recent visit by a U.S. group to China, headed by President Donald Trump, was "highly effective."
Reported: Strikes occurred near the United Arab Emirates' nuclear power facility
08:26 , James ReynoldsA drone attack sparked a fire at a nuclear power facility in the United Arab Emirates, according to local authorities on Sunday, while Saudi Arabia reported that it shot down three drones.
Emirati authorities mentioned they are looking into the origin of the attack at the Barakah Nuclear Power Plant, and the UAE stated it has the complete right to retaliate against "terrorist attacks."
A drone struck an electrical generator located outside the inner boundary of the Barakah Nuclear Power Plant, according to the Abu Dhabi Media Office.
Saudi Arabia stated that the three drones it neutralized originated from Iraqi airspace and cautioned that it will implement appropriate operational actions to address any effort to breach its sovereignty and security.
Iran permits an energy company's vessel to pass through the Strait of Hormuz
07:58 , James ReynoldsA vessel operated by the Malaysian company Vantris Energy, previously known as Sapura Energy, has safely passed through the Strait of Hormuz, according to LSEG shipping data released on Friday.
This is the fourth ship associated with Malaysia to pass through the vital waterway since the US-Iran confrontation started in late February, significantly affecting global energy supplies.
The Sapura 1200 was among seven ships that the Malaysian government requested Iranian approval to pass through the strait, which has been mostly closed since the conflict began, according to two sources who spoke with Reuters.
Iran permits an energy company's vessel to pass through the Strait of Hormuz
Summary: Within the UK-sponsored effort to unlock the Strait of Hormuz
07:05 , Alisha Rahaman SarkarPlans are being made for a multinational operation headed by the United Kingdom, involving the sending of a warship, Typhoon aircraft, and devices for detecting mines to the Middle East.
The United Kingdom, along with France, aims to restore access to the Strait of Hormuz and has secured backing from numerous allies to achieve this when circumstances permit.
However, retired brigadier and military analyst Ben Barry stated that Iran will remain a danger to the UK even if hostilities in the region have ceased.
More here.
Stocks decline while oil prices rise following Trump's statement that the clock is ticking regarding Iran.
06:45 , Alisha Rahaman SarkarAsianstocks mostly declined and oil prices rose on Monday following the US presidentDonald Trump warned Tehranthat the "clock is ticking" as US-Irandiscussions regarding a lasting conclusion to the conflict are delayed.
U.S. futures declined by over 0.6 percent.
Stocks in Japan and South Korea moved further away from their record highs. The Nikkei 225 in Tokyo dropped 0.9 percent to 60,843.09, with technology stocks driving the decline, following last week's intraday peak above 63,000.
The 10-year Japanese government bond yield climbed to 2.8 percent, the highest point since the late 1990s, as part of a broader move toward increased yields. This follows the Bank of Japan slowly increasing interest rates and rising energy costs fueling expectations of higher inflation. This marks an increase from approximately 2.55 percent just one week prior.
More here.
American aircraft carrying weapons arrive in Israel, according to a report.
06:25 , Alisha Rahaman SarkarHundreds of U.S. cargo aircraft loaded with weapons from German bases have arrived in Tel Aviv, according to Al Jazeera, which referenced Israel's Channel 13.
The aircraft touched down as Israel stated it was working with the United States on the potential restart of attacks, according to two individuals who are aware of the matter, including an Israeli military official.
In a meeting with his cabinet yesterday, Benjamin Netanyahu stated, "Our eyes are also open" regarding Iran, and "we are ready for any situation."
Cuba is accumulating drones from Russia and Iran, according to a report
06:15 , Alisha Rahaman SarkarCubahas allegedly accumulated over 300 military drones from Russia in recent years andIranand has indicated the possibility of attacking U.S. targets if tensions persist, as President Donald Trump imposes a blockade on the island andflirts with ideas to "take" it over.
U.S. intelligence sources told Axiosalthough they do not think any threat is immediate, the acquisition process has increased in the past month, as Cuba has tried to understand how Iran has utilized its extensive drone program toprevent U.S. troops from advancing in the current conflict.
Recent visits by military advisors from Tehran to Havana were reported by officials.
More here.
Vessels used for fishing remain stationary along the Strait of Hormuz.
06:00 , Alisha Rahaman Sarkar
Canada criticizes drone strikes targeting a nuclear facility in the UAE
05:55 , Alisha Rahaman SarkarCanadian Prime Minister Mark Carney criticized the drone strikes that targeted the Barakah nuclear power station in the United Arab Emirates.
Carney cautioned that strikes against civilian nuclear sites present significant dangers to human life and the ecosystem.
Earlier in the day, India expressed "deep concern over the attack on the Barakah nuclear plant in the UAE."
The ministry of foreign affairs stated: "These actions are not acceptable and signify a hazardous increase in tension. We strongly urge for self-control and a resumption of conversation and diplomatic efforts."
Iran permits a Malaysian energy company's vessel to pass through the Strait of Hormuz
05:40 , Alisha Rahaman SarkarA vessel operated by the Malaysian company Vantris Energy, previously known as Sapura Energy, has safely passed through the Strait of Hormuz, according to LSEG shipping data released on Friday.
This is the fourth ship associated with Malaysia to pass through the vital waterway since the US-Iran confrontation started in late February, significantly affecting worldwide energy supplies.
The Sapura 1200 was among seven ships that the Malaysian government requested Iranian approval to pass through the strait, which has been mostly closed since the conflict began, according to two sources who spoke with Reuters..
More here.
Iran permits a major energy company's vessel to pass through the Strait of Hormuz
Israel is getting ready for the potential restart of attacks against Iran.
05:20 , Alisha Rahaman SarkarIsrael is in discussions with the United States regarding a potential restart of attacks, according to two individuals who are aware of the matter, including an Israeli military official.
In a meeting with his cabinet yesterday, Benjamin Netanyahu stated, "Our eyes are also open" regarding Iran, and "we are ready for any situation."
On Iranian state television, anchors on at least two channels were seen carrying weapons during live broadcasts.
One of the individuals, Hossein Hosseini, underwent fundamental firearms instruction from a masked member of the paramilitary Revolutionary Guard. Hosseini acted out shooting at the flag of the UAE.
On a different channel, Mobina Nasiri stated that a weapon was sent to her from an event in Tehran's Vanak Square. "From this platform, I declare that I am willing to give my life for this country," she said.
How Iran might engage in a prolonged covert conflict with the United States
05:00 , Alisha Rahaman SarkarIran possesses sufficient missile capacity to keep engaging in conflict if Donald Trump decides to restart hostilities, according to US and NATO intelligence assessments – and specialists believe it holds additional strategic advantages.
The U.S. president has consistently stated that American troops have completely dismantled Iran's military, including its missile systems and naval forces, over a six-week period of hostilities prior to the establishment of a truce.
Intelligence agencies have stated that Iran continues to have access to the majority of its missiles and subterranean facilities, according to sources. The Independent, casting uncertainty on President Trump's questionable assertions that Iran has been "devastated" by the conflict.
More here.
How Iran might engage in a prolonged covert conflict with the United States
Senior Iranian figure cautions the United States to cease the blockade of Iranian harbors
04:42 , Alisha Rahaman SarkarA member of Iran's Expediency Council has cautioned the United States to remove its restrictions on Iranian ports "before the Sea of Oman turns into your grave."
Mohsen Rezaei stated that the US embargo constituted an "act of war" and emphasized that dealing with it was Iran's right.
"The more they extend the naval embargo on Iran, the more harm it will cause to nations globally," he stated.
It is the United States that must now demonstrate its capabilities," he stated. "Our military forces have their hand on the trigger - and simultaneously, diplomacy remains in motion.
Summary: Brics officials are unable to release a unified statement regarding the Middle East conflict
04:41 , Alisha Rahaman SarkarA two-day gathering of foreign ministers from the Brics countries ended in New Delhi without a shared declaration, as India reported "divergent opinions among certain members" regarding the Middle East crisis.
The distinctions emphasized the difficulty of preserving cohesion inside the group as it aims to increase its reach.
The Indian statement mentioned that participants shared "their individual national stances and provided various viewpoints" regarding topics such as sovereignty, maritime safety, and the safeguarding of civilian facilities and lives in the Middle East.
It also featured a footnote stating that "a member had concerns" regarding certain parts of the sections related to Gaza and security in the Red Sea and Bab al-Mandeb Strait.
Brics consists of Brazil, Russia, India, China, South Africa, Ethiopia, Egypt, Iran, the United Arab Emirates, and Indonesia.
Oil prices reach a two-week peak
04:21 , Alisha Rahaman SarkarOil prices continued to rise following an attack on a nuclear facility in the United Arab Emirates and as US President Donald Trump is set to address potential military actions against Iran.
Brent crude oil futures increased by $2.03, representing a 1.86% rise, to reach $111.29 per barrel, following an earlier peak of $112, which was the highest level since May 5.
West Texas Intermediate crude in the US was priced at $107.73 per barrel, increasing by $2.31, or 2.19 percent, after reaching $108.70, its highest point since April 30.
"The more the conflict with Iran continues, the higher the likelihood of prolonged oil price damage, which may result in sustained higher interest rates," said Jason Schenker from Prestige Economics in a report.
This may also pose ongoing risks to economic growth.
Trump receives a call from Netanyahu as they discuss the possibility of restarting military operations
04:12 , Alisha Rahaman SarkarDonald Trump and Benjamin Netanyahu had a telephone conversation as reports emerged that the United States and Israel are evaluating the possibility of restarting military operations against Iran.
It occurred on the same day that Israeli Prime Minister Netanyahu convened a security meeting with his cabinet, as reported by Israeli media.
Iran war briefing:
04:09 , Alisha Rahaman Sarkar- Donald Trump has cautioned Iran that "the clock is running out" and issued warnings of repercussions if its leaders don't act swiftly. "TIME IS OF THE ESSENCE!" the U.S. president wrote in a Truth Social post.
- A member of Iran's Expediency Council has cautioned the United States to remove its restrictions on Iranian ports, warning that "the Sea of Oman could become your grave."
- A drone attack led to a fire at a nuclear power facility in the United Arab Emirates, as Saudi Arabia announced it had intercepted three drones.
- Brent crude oil futures increased by $2.03, representing a 1.86% rise, to reach $111.29 per barrel, following an earlier peak of $112, the highest level since May 5th.
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