U.S. President Donald Trump

May 7, 2026 9:12 AM

Iran reviewing US proposal to end war, though key demands remain unaddressed

Iran said on Wednesday it was reviewing a U.S. peace proposal that sources said would formally end the war while leaving unresolved the key U.S. demands that Iran suspend its nuclear program and reopen the Strait of Hormuz. An Iranian foreign ministry spokesperson cited by Iran's ISNA news agency said Tehran would convey its response. U.S. President Donald Trump said he believed Iran wanted an agreement. "They want to make a deal. We've had very good talks over the last 24 hours, and it's very...

May 6, 2026 9:35 AM

Chinese foreign minister kicks off meeting with Iranian counterpart

Chinese Foreign Minister Wang Yi began a meeting with his Iranian counterpart Abbas Araqchi in Beijing on Wednesday, state news agency Xinhua said. Araqchi's one-day trip comes a week ahead of U.S. President Donald Trump's scheduled visit to Beijing for a summit with President Xi Jinping on May 14 and 15. Earlier this week, the U.S. and Iran launched new attacks in the Gulf as they wrestled for control over the Strait of Hormuz with duelling maritime blockades, threatening what was already ...

May 6, 2026 10:22 AM

Asia markets hit records on AI euphoria, Iran peace hopes

Stocks leapt, oil prices sank, and the dollar dropped in Asia on Wednesday morning after U.S. President Donald Trump touted “great progress” toward a “final agreement” with Tehran, while momentum in AI-driven trades accelerated. Trump said he would briefly pause an operation escorting ships through the Strait of Hormuz, which carries about a fifth of global oil and has been blockaded by Iran since late February, triggering a global energy crisis. The news sent Brent crude tumbling 1.2%...

May 6, 2026 9:27 AM

Trump pauses effort to escort ships in Strait of Hormuz, citing deal progress

U.S. President Donald Trump said on Tuesday he would briefly pause an operation to help escort ships through the Strait of Hormuz, citing "great progress" toward a comprehensive agreement with Iran. Hours earlier, U.S. Secretary of State Marco Rubio had outlined the effort that began on Monday to escort stranded tankers out of the Gulf. The strait has been virtually shut since the conflict began, blocking some 20% of world oil supplies and igniting a global energy crisis. "We have mutually agr...

May 4, 2026 12:34 PM

NATO’s Rutte says Europeans have ‘gotten message’ from Trump

European nations have "gotten the message" from U.S. President Donald Trump and are now ensuring that agreements on the use of military bases are being implemented, NATO Secretary General Mark Rutte said on Monday. Trump has accused some NATO nations of not doing enough to support the United States in the Iran war. In a further sign of his discontent with European allies, the U.S. announced on Friday plans to withdraw 5,000 troops from Germany. "Yes, there has been some disappointment from the...

May 4, 2026 12:16 PM

Kashkari says Iran war limits Fed’s ability to provide rate guidance

Federal Reserve Bank of Minneapolis President Neel Kashkari said Sunday that the longer the Iran war goes on, the greater the risks of higher inflation and economic damage, all of which limit how much guidance the central bank should provide on rate policy right now. In an appearance on CBS's "Face the Nation" television program, Kashkari said he was "very focused" on the Iran war and its impact on inflation and economic demand amid the ongoing closure of the Strait of Hormuz, a chokepoint for ...

May 2, 2026 12:34 PM

US bypasses congressional review for military sales of $8.6 billion to Middle East allies

U.S. President Donald Trump's administration has bypassed congressional review to approve military sales totaling over $8.6 billion to Middle Eastern allies Israel, Qatar, Kuwait and the United Arab Emirates. The State Department announcements on Friday came as the U.S. and Israel's war against Iran marked nine weeks since its start and more than three weeks since a fragile ceasefire came into effect. The State Department said U.S. Secretary of State Marco Rubio determined that an emergency...

May 2, 2026 11:35 AM

Trump expands US sanctions on Cuban government and affiliates

U.S. President Donald Trump signed an executive order on Friday broadening U.S. sanctions against the Cuban government, two White House officials told Reuters, as he seeks to put more pressure on Havana after ousting Venezuela's leader. The fresh sanctions target people, entities and affiliates that support the Cuban government's security apparatus or are complicit in corruption or serious human rights violations, as well as agents, officials or supporters of the government, the officials said....

May 2, 2026 10:39 AM

Trump says he’s dissatisfied with Iranian proposal as rift with allies deepens

U.S. President Donald Trump said on Friday he was not satisfied with the latest Iranian proposal for talks on the Iran war, while Iran's foreign minister said Tehran was ready for diplomacy if the United States changes its approach. Trump's comments indicated the deadlock over the two-month-old war is likely to persist, even as he looks to end a conflict that remains deeply unpopular among Americans. Meanwhile, U.S. relations with its traditional allies were further strained over Iran on Frida...

April 29, 2026 10:14 AM

Global Stocks retreat on Iran, AI concerns as Fed meeting looms

Markets got off to an uneven start in Asian trading on Wednesday as worries about the Iran conflict and health of the AI sector dominated ahead of the Federal Reserve's decision and earnings from tech megacap stocks later in the session. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2%, retreating for a second day from record highs set on Monday, led by declines for Taiwanese chipmakers. Japanese markets were closed for a holiday. S&P 500 e-mini futures EScv1 nudged up...