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Iran Talks Stall, Trump Rejects Proposal, UAE to Leave OPEC
President Donald Trump rejected Iran's proposal to end the Strait of Hormuz blockade in exchange for lifting U.S. restrictions on its ports, leaving peace talks in limbo. The United Arab Emirates announced its departure from OPEC effective May 1, amid rising gas prices. Separately, China blocked Meta's $2 billion acquisition of AI startup Manus.
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U.S. halts its blockade of Iranian ports. The proposal defers the question of nuclear disarmament to an undetermined time in the future.
Trump told advisers he is not satisfied with the offer. Trump canceled a planned visit by JD Vance to the peace talks. He also canceled a lower-level delegation including Steve Witkoff and Jared Kushner.
-Iran talks remain stalled as of April 27, 2026, according to the Hudson Institute. Trump posted on social media before Saturday’s attempted assassination: 'Iran is having a very hard time figuring out who their leader is! They just don’t know!
U.S. military has obliterated Iran’s air force and navy, according to Trump. Marco Rubio said: 'What we’re dealing with here is a regime that’s run by a bunch of lunatics. Rubio added: 'The goal here is simple: they can never have a nuclear weapon.
And if you want to make sure they never have a nuclear weapon, you have to take away the things that would allow them to deliver one. That means their missiles, their drones, and their ability to threaten the region. U.S.
Airstrikes killed all of Iran’s top leaders, according to Axios via Fox News. Iran’s parliament speaker Mohammad Ghalibaf has been taking a hard line. Trump orchestrated a ceasefire between Israel and Hezbollah.
Israel and Hezbollah continue to attack each other in Lebanon despite the ceasefire. Hezbollah rejected the peace plan. Trump started the war with Iran two months ago. Iran’s Foreign Minister Abbas Araghchi continued shuttle diplomacy to Oman and Moscow on Monday.
U.S. Treasury Secretary Scott Bessent issued a sanctions general license early on to allow the sale of Iranian oil already loaded on vessels. Iran announced a tollbooth system to charge tankers for Hormuz transit.
