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President Trump dismissed Iran's counterproposal demanding reparations, sovereignty over the Strait of Hormuz and an end to sanctions, declaring the ceasefire on life support. Oil prices jumped as high as $105.50 a barrel while U.S. Treasury yields climbed, with the 10-year note nearing 4.50 percent.
Al JazeeraU.S. 50. " Iran's chief negotiator responded that Washington must accept Tehran's latest peace plan or face failure.
Trump has declared the ceasefire on life support. He is now more seriously considering a resumption of major combat operations against Iran than he was in recent weeks, according to CNN. The Pentagon is considering renaming the conflict from Operation Epic Fury to Operation Sledgehammer if major combat resumes, a step that would restart the 60-day congressional authorization clock under the War Powers Resolution.
U.S. sanctions. Trump skirted a question from a reporter about whether he has a red line that would end the ceasefire with Iran.
He told reporters he is not weighing the economic burden of the war on everyday Americans when negotiating a deal. "The only thing that matters when I'm talking about Iran — they can't have a nuclear weapon. I don't think about Americans' financial situation.
That's all," Trump said. " Trump told CBS News he wants to temporarily lift the federal gas tax amid rising prices caused by the conflict.
He also said the stock market will go "through the roof" and inflation will go down "as soon as" the war with Iran is over. U.S. 50 percent, the same level that prompted Trump's 90-day tariff pause in April 2025.
An appeals court halted an order declaring the new Trump tariffs unlawful for now; the 10 percent global tariffs were imposed in February. Trump is set to leave Tuesday for Beijing to meet President Xi Jinping.
U.S. Conflict with Iran. China's foreign minister Wang Yi urged Pakistan to ramp up mediation efforts in the Iran crisis ahead of the summit. U.S. Navy vessels. Trump is scheduled to see doctors for a medical and dental checkup at the end of May, the White House said. He told South Carolina GOP lawmakers he is watching closely as they begin redistricting debate.
The Trump administration proposed a new type of limited insurance coverage that would widen employers' ability to offer standalone fertility benefits to workers.
These outlets didn't split into competing frames — coverage was uniform.
Washington ExaminerDemocratic nominee James Talarico challenged Republican nominee Ken Paxton to three debates. Paxton's campaign accepted the offer and said it would engage with hosts.
variety.comAmerican forces struck targets around Bandar Abbas, Qeshm island and Ahvaz on Thursday evening. White House press secretary Karoline Leavitt said the strikes responded to Iranian attacks on commercial vessels.
realitytea.comA Washington Post-Ipsos survey shows limited public confidence that President Trump will secure a stronger agreement than the 2015 JCPOA. CNN reported that Trump has referenced the prior deal more than three dozen times since the current war began.