US president dismisses Iranian media reports agreement is close, despite earlier suggesting a deal could be signed this weekend

Prospects for an immediate end to the war between Iran and the US remained uncertain on Friday amid a chaotic series of conflicting claims and counter-claims by US and Iranian officials about ongoing negotiations.

Donald Trump seemed to distance himself from his earlier comments that suggested a preliminary agreement could be signed as soon as this weekend, with a series of angry social media posts describing the Iranians as “very dishonorable people to deal with”.

Amid rhetoric, market uncertainty and tit-for-tat exchanges, the two sides are still trying to find a way out of the impasse

Great news! Donald Trump has said the US and Iran are on the verge of a peace agreement. Oil prices are down, and the stock market is up. This comes only hours after Trump warned Iran was about to be struck “VERY HARD”, a threat that had sent oil prices up and stocks down.

It has been another ride on the Trump rollercoaster, keeping traders on edge, most of the world poorer, and people of the Middle East constantly whiplashing between fear and hope. But whether the ride veers up or down, the management always makes money.

Consumer sentiment still remains at historically low levels amid Iran war and rising inflation, new survey shows

Easing gas prices are making Americans feel better about their personal finances and the economy in June, but consumer sentiment remains at historically low levels amid ongoing conflict in the Middle East, according to new survey data from the University of Michigan.

The latest numbers come as SpaceX marks its historic stock market debut, which has made Elon Musk the world’s first trillionaire. Yet many Americans still feel like they are struggling even as the stock market reaches record highs.

Flag bans, travel headaches and a religious regime video among bumps in road, as team prepares to be first to play in country with which it is at war

Iran will present a major challenge to Fifa’s “football unites the world” slogan on Monday by becoming the first country in World Cup history to compete on the soil of a host nation with which it is at war.

The national team’s opening match against New Zealand in Los Angeles will kick off amid continuing hostilities between Iran and the US that have intensified in recent days, as a fragile ceasefire has failed to hold and attempts at reaching a negotiated settlement have sputtered.

Brent crude falls as optimism rises that strait of Hormuz could reopen over the weekend

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Global oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran.

The price of Brent crude began to tumble from about $93 a barrel in overnight trade after the US president called off further military strikes against Iran scheduled for the evening.

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Donald Trump and his allies have discussed pushing lawmakers to pass a resolution aimed at voiding his first-term impeachments, the Wall Street Journal reported last night, citing people familiar with the matter.

“It should be done because I did nothing wrong,” Trump said when asked about the resolution in a phone call this week with the Journal. “It was a rigged deal — it was a whole rigged situation.”

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Iran’s official Islamic Republic News Agency (IRNA) has cautioned against media speculation about a potential memorandum of understanding to end the war, particularly on claims regarding the strait of Hormuz.

IRNA reported that Iran will not surrender its control of the strategic waterway and the US will have no role in its future management.

Contrary to some bizarre claims in the media, Iran in no way makes a commitment in this text to hand over its management or to restore the strait of Hormuz to the state before the military aggression of the US and Israel. The only point mentioned is the normalisation of transit through the strait of Hormuz upon the end of the war, the establishment of maritime security by the coastal states, the end of the illegal blockade, and the removal of threats to commercial shipping by the US and Israel. At Iran’s request, the US will have no role whatsoever in the future management of the strait of Hormuz. It has been made clear that the future administration of the strait will be based on an Iranian initiative and proposal, within the framework of a matter pertaining to the countries of the region. In this framework, discussions about the future of the strait of Hormuz will not take place even in negotiations after the signing of the agreement, and Tehran will directly resolve this issue in talks with Oman.”

Strikes on Bemani damaged key water reservoir for 20,000 people living in area amid a historic drought in the country

Military strikes that damaged two water storage facilities in southern Iran may constitute a war crime, military and legal experts say, after reviewing media reports and visual evidence of a 10 June strike on Bemani, a small district about 2 miles from the strait of Hormuz.

It’s unclear if the strikes deliberately targeted the district’s water tanks, or if they unintentionally destroyed a key reservoir for about 20,000 people living nearby. But if the tanks were the target, then the legal question becomes critical, Brian Finucane, a former state department lawyer, said. “It’s either a military objective or it’s a civilian object: attacking one is lawful, attacking the other is a war crime,” Finucane said.

Washington claims vessel was violating its blockade of Iranian ports and failed to comply with instructions

The Indian government has voiced a “strong protest” after three Indian seafarers were killed in US military strikes against oil tankers travelling through the strait of Hormuz.

US Central Command confirmed that its aircraft had fired two Hellfire missiles at the engine room of the MT Settebello as it sailed through the Gulf of Oman on Wednesday.

Iranian leadership has not confirmed claim, after the US president announced that planned strikes on Iran had been cancelled

Donald Trump claimed on Thursday that Washington and Tehran were on the verge of signing a peace agreement, and announced that he was cancelling fresh missile strikes, after two days of escalating attacks on Iran that threatened to collapse the fragile ceasefire.

His comments followed a new bout of public diplomacy by social media, but were dismissed by Iran’s foreign ministry, which said a final decision on an agreement had not been reached.

A wave of US strikes represents the gravest test yet of the fragile truce. Here’s what happened, what officials are saying and whether the deal can survive

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The US launched strikes across southern Iran for a second consecutive day on Thursday. Although there have been several breaches of the ceasefire agreed between the two sides in April, the attacks this week – launched after the downing of a US helicopter over the strait of Hormuz – represent the most serious and extensive breakdown of the truce to date.

The US president, Donald Trump, raised the prospect of further attacks, while his defence secretary, Pete Hegseth, told reporters that if strikes “have to happen … they will be strong and they will be clear”.

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Three Indian seafarers were killed in a US attack on an oil tanker earlier this week, India’s shipping minister, ‌Sarbananda Sonowal, said.

“It is deeply unfortunate to learn of the tragic incident aboard the Palau-flagged MT Settebello. Sadly, three Indian seafarers initially reported missing are now confirmed dead after bodies have been located and identified,” he wrote in a post on X.

The Middle East is being pulled deeper into crisis & the consequences reach far beyond the region.”

A cycle of threat, detente and deadlock repeats itself wearisomely as the president’s war in Iran drags on

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As the story of the US-Iran war is written direct to social media, Donald Trump may be the genre’s premier unreliable narrator.

Since the war began, Trump has again and again threatened Iran with fearsome consequences if Tehran doesn’t come to the table and sign a peace deal that the US president said was imminent weeks ago. And he has also repeatedly claimed that an Iran deal is “close” – without any result. (A CNN tally put the number of times he’s claimed it at 38.)

Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices

US inflation jumped to an annual rate of 4.2% in May, the third consecutive monthly increase since the start of the Iran war and a three-year high, as Americans continue to face steep oil prices.

Prices have increased sharply over the past several months, rising at an annual rate of 3.3% in March before going up to 3.8% in April. In February, before the conflict began, inflation was at 2.4%.

Explosions reported across Iran after Donald Trump vowed to ‘hit them hard again’, with Bahrain, Kuwait and Jordan targeted by Tehran

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The US launched a new round of airstrikes on Iran into Thursday morning after Donald Trump warned Tehran would “pay the price” for stalled negotiations, prompting Iran to respond with strikes targeting Bahrain, Kuwait and Jordan.

The new US assault across a range of Iranian cities came as efforts to negotiate an end to the war again appeared stuck, with Iran insisting it would maintain its chokehold on the strait of Hormuz. The American attack appeared more intense and wider than the day before, but Iran released no information about what was hit.

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If the US genuinely wants a deal it will have to engage with Iranian demands on sanctions relief, says Danny Citrinowicz, the former head of the Iran branch of Israeli military intelligence.

Today’s exchange of strikes shows how easily both Iran and the US can slide towards another round of escalation, says Citrinowicz, who is now a nonresident fellow at the Atlantic Council.

If Washington is unwilling to accept that reality, it should recognize the likely alternative: continued confrontations with Iran that could eventually spiral beyond anyone’s control and lead to military conflict under less favorable conditions.

Even a limited military campaign designed to weaken Iran would not fundamentally alter Tehran’s negotiating position. It has not happened in the past, and there is little reason to believe it would happen now. Iran emerges from the latest exchange of blows convinced that it can absorb pressure and respond to attacks.”

Legal and moral responsibility of all countries in the region (especially those located along the southern shores of the Persian Gulf) to prevent the US military and Israel from using their territory or facilities to plan, organise, execute, or support hostile actions against Iran.

Vice-president says deal could ‘absolutely’ come before midterms, as US strikes Iran after downing of helicopter

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The US-Israel war on Iran could conclude in a week or a few months, vice-president JD Vance has said, as the downing of a US army helicopter sparked the latest flare-up in the conflict.

In the latest vague assessment from the Trump administration on the future of its controversial war, Vance claimed the US is “very close to achieving” a peace deal with Iran, adding that it could “absolutely” come before the midterm elections.

Recent exchange of missiles between Iran and Israel highlights diverging views between US president and Israeli PM

The latest eruption of hostilities between Iran and Israel appears to have been contained for now after Donald Trump insisted he called “all the shots” in the Middle East, but in a dangerously fragile region Benjamin Netanyahu has again shown he is ready to take shots of his own.

The exchange of missiles on Sunday and Monday was ample demonstration of the inherent instability of the current limbo between war and peace, but it also shone a bright light on the complex and conflicted relationship between the US president and the Israeli prime minister, frenemies who could determine the fate of the current ceasefire.

Netanyahu acknowledges pause in fighting in TV speech but vows forceful response to future attacks

Fears of a return to a full-scale regional war in the Middle East eased on Monday as Israel and Iran said they had halted attacks on each other after an appeal from Donald Trump to “immediately stop shooting”.

Benjamin Netanyahu, Israel’s prime minister, acknowledged the halt in fighting with Iran in a televised speech, but vowed to respond “with force” to future attacks.

Arch-enemies Israel and Iran have returned to active confrontation while Donald Trump tries to present himself as mediator

Israel and Iran have returned to active war for the first time since a ceasefire was agreed two months ago in an exchange of rocket fire that threatened efforts to end the conflict.

Donald Trump, who started the war in February alongside Israel but has since attempted to present himself as a mediator, told the two sides to stop shooting and said “final negotiations” on peace were proceeding. By late afternoon on Monday, the attacks had stopped.