The White House says talks are proceeding while Iran’s foreign minister says they are not. Meanwhile, the US is working to arrange a meeting in Pakistan to discuss an off-ramp, two administration officials told CNN. Follow for live updates.
Tehran is also building up defenses on Kharg Island, vital to Iran's economy. And oil prices have risen again on investors' doubts about a quick end to the war.The commander of Iran’s Islamic Revolutionary Guard Corps Navy, a key figure behind the near-total blockade of the Strait of Hormuz,today with Iran, warning that time is running out for a deal.
Administration officials have told CNN the US is working to arrange aGermany’s lower house of parliament has passed initial measures on a fuel policy package aimed at curbing soaring prices due to the Iran war, including restricting gas stations to only hiking costs once per day. The new package, proposed by the ruling Christian Democratic Union and Social Democratic Party , was approved by the lower house on Thursday. It comes as the evolving US-Israeli conflict with Iran has caused major disruptions to global oil supplies. If the measures clear Germany’s parliament, they would apply to all gasoline and diesel fuels. Gas stations would only be allowed to increase prices once per day at midday, according to a parliamentary statement. The new rules would follow Austria’s model of restricting stations to raising prices only once per day at 12 p.m., which the country introduced in 2011. This month, Austria tightened its own restrictions further in response to the Iran conflict, now only allowing gas stations to raise their prices at midday three times a week: on Mondays, Wednesdays and Fridays. Some countries in Europe have announced national relief packages to soften the blow of rising prices for consumers. Last week, Spain’s Prime Minister Pedro Sánchez issued a €5 billion energy package to offset the costs of the supply disruption. Greek Prime Minister Kyriakos Mitsotakis said that his country will be providing subsidies for fuel and fertilizers, as well as discounted ferry tickets, according to Reuters.An Israel Defense Forces soldier was killed in combat in southern Lebanon, the IDF said in a news briefing on Thursday. “Late at night, a Golani unit identified terrorists in their area of operations. A close-range firefight ensued, during which Staff Sergeant Ori Greenberg was killed. I extend my condolences to his family. Another soldier was lightly wounded,” said IDF international spokesperson Nadav Shoshani.Lebanon’s Health Ministry said in an update on Wednesday that at least 1,094 people have been killed by Israeli strikes in the country since March 2. At least 17 people have been killed by strikes inside Israel since the war began, including a civilian who was killed by friendly fire along the country’s border with Lebanon this weekend, according to the Israeli military.Pakistani Deputy Prime Minister and Minister for Foreign Affairs Mohammad Ishaq Dar at U.N. headquarters in New York on February 18.Pakistan’s foreign minister has confirmed that the country handed a 15-point peace plan to Iran as it acts as an intermediary between Tehran and the US. “US-Iran indirect talks are taking place through messages being relayed by Pakistan,” Foreign Minister Ishaq Dar wrote on X.He claimed that Turkey and Egypt, among other countries, are also “extending their support to this initiative.” CNN previously reported that Pakistan has acted as a key intermediary in the current bout of diplomacy between the US and Iran, delivering a 15-point plan proposed by Washington that addresses issues like Tehran’s nuclear ambitions and its ballistic missile program. Trump administration officials are working to arrange a meeting in Pakistan this weekend to discuss an off-ramp to the war in Iran, two senior administration officials told CNN.The Iran war is having a material impact on the inflation outlook in major economies, with economic growth in Europe and the United Kingdom also expected to slow notably because of the conflict. “A major disruption to energy markets has hit as the global economy was set to strengthen,” Mathias Cormann, secretary general of the Organisation for Economic Co-operation and Development, told reporters Thursday. The Iran conflict and “related energy supply shock have now lowered our projected path for global growth this year and next,” he added. The OECD, an intergovernmental body, now expects inflation in 20 large economies, which include the United States, to average 4% this year, up from the 2.8% level forecast in December.Before the onset of the war, inflation was on a downward path and the global economy was growing at a faster pace than forecast in December. But higher energy prices have “reversed” the inflation trajectory, Cormann said, while also delivering a sizable hit to economic growth in some regions. For the United Kingdom, the OECD downgraded its forecast for gross domestic product growth by 0.5 percentage points to 0.7%. GDP growth across the 21 countries that use the euro is also expected to moderate, by 0.4 percentage points to 0.8%. Global growth is expected to remain at 2.9%, as in December, as investments related to artificial intelligence support the US economy.US President Donald Trump speaks at the National Republican Congressional Committee's annual President's Dinner at Union Station in Washington, D.C., on Wednesday.President Donald Trump voiced frustration today with Iran’s approach to negotiations, warning that time is running out for a deal. “The Iranian negotiators are very different and ‘strange.’ They are ‘begging’ us to make a deal, which they should be doing since they have been militarily obliterated, with zero chance of a comeback, and yet they publicly state that they are only ‘looking at our proposal.’ WRONG!!!” Trump wrote in a Truth Social “They better get serious soon, before it is too late, because once that happens, there is NO TURNING BACK, and it won’t be pretty,” he added. Trump’s post comes as he said earlier this week that the US and Iran were negotiating an end to the conflict, marking a sharp shift from his earlier posture. The president’s warning also follows remarks yesterday in which he said Iran wants to “make a deal so badly but they’re afraid to say it” publicly out of fear of internal repercussions. The White House has said talks are not at a dead end, even after Tehran did not immediately accept a US-backed framework to end the war. US officials told CNN the administration is working to arrange a potential meeting in Pakistan as part of efforts to find an off-ramp to the conflict. Iranian Foreign Minister Abbas Araghchi has acknowledged that messages have been exchanged through intermediaries but signaled skepticism of Washington’s position.For the first time since the start of the war in Iran, the average price of a gas fell Thursday — by a fraction of a penny. So it won’t be enough for most American drivers to notice. But the latest reading from AAA put the price of a gallon of regular gas at $3.981, down from $3.983 in the previous reading. It’s the first time since February 27, the day before US and Israeli attacks on Iran, that the national average gas price has fallen by an even fraction of a penny. But gas is still up about $1 in the last month, a 34% increase. Oil and gas prices have soared this past month after Iran launched counterattacks that closed the Strait of Hormuz, cutting off about 20% of the world’s supply of oil from global markets.gets relatively little crude from the Middle East, prices are set in a global commodity market. Gas prices are directly affected since gasoline is derived from crude. And even if oil prices do start to fall again, it could take some time forBut oil and gasoline futures have fallen at times this week on comments from President Donald Trump that suggested progress in negotiations with Iran that could bring about an end to the war, although they were slightly higher in early trading Thursday.The commander of Iran’s Islamic Revolutionary Guard Corps Navy, Alireza Tangsiri, has been killed in an Israeli operation, according to Israel’s defense minister. Two Israeli sources with knowledge of the matter previously told CNN that Tangsiri had been killed.“Last night, in a precise and lethal operation, the IDF eliminated the commander of the IRGC Navy, Tangasiri, along with senior naval command officials,” Israeli Defense Minister Israel Katz said Thursday. “We will continue operating in Iran with full force to achieve the war’s objectives.” Katz also called the operation “an important message to our American partners, reflecting the IDF’s assistance in reopening the Strait of Hormuz.” Tangsiri has been increasingly vocal and visible since Israel and the United States launched their campaign against Iran. He has been a key figure behind the near-total blockade of shipping traffic in the Strait of Hormuz. Active on social media throughout the war, Tangsiri most recently posted on X on Tuesday, noting that the passage of any vessel through the strait requires full coordination with Iran’s maritime authority. He has also posted frequent updates about IRGC Navy operations in the Gulf.A key group of House Republicans are growing increasingly wary of the US war with Iran after a briefing with Department of Defense officials yesterday left some unsatisfied with what they were told about the objectives and length of the war effort. Briefers faced questions by Democrats and Republicans on the House Armed Services Committee about the Trump administration’s overall strategy, end game and whether the US would put military troops on the ground in Iran, but many left with concerns over what they said was a lack of clarity provided.among congressional Republicans over the Iran war as lawmakers are growing increasingly skeptical about spending billions of dollars to prolong the conflict. Several Republicans have said they will refuse to support any more money for the war without a clear White House strategy. House Armed Services Chairman Mike Rogers described “frustration on both sides of the aisle in the last few briefings” — including the one yesterday — with the war now in its fourth week and a major funding request on the way. Rogers said members did not receive adequate information about plans for ground troops, the end goal or the expected price tag, among other questions. Satellite view of Kharg Island, located in the Persian Gulf off the coast of Iran, on October 3, 2024.Ground warfare will be far more “dangerous and costly for the enemy,” an Iranian army commander said Thursday, as the Trump administration weighs using US troops to seize the tiny island of Kharg in the northeastern Persian Gulf. “The enemy must know that a ground war will be more dangerous, more costly, and irreparable for them,” said Iran’s army ground forces commander, Brigadier General Ali Jahanshahi, according to the semi-official Iranian Students’ News Agency . “All enemy movements on the borders are monitored, and we are prepared for any scenario,” Jahanshahi said, adding that “every inch of Iran’s geography is protected.” The semi-official news agency Mehr News also reported Thursday that “Iranian special forces and guerrilla units” are prepared to exert a “painful blow against the Americans” as the war potentially escalates, citing an investigation by the news outet. This comes as the Trump administration is considering sending US troops to invade Kharg Island as leverage over the Iranians to coerce them to reopen the Strait of Hormuz, CNN has reported.and moving additional military personnel and air defenses to Kharg Island in recent weeks in preparation for a possible US operation to take control of the island, according to multiple people familiar with US intelligence reporting on the issue. But US officials and military experts say there would be significant risks involved in such a ground operation, including a large number of US casualties.CNN's Kristie Lu Stout speaks with a captain who was struck in the Middle East for three weeks and witnessed projectiles flying near his oil tanker.More vessels are crossing the Strait of Hormuz after Iran announced “non-hostile” ships may transit if they coordinate with Iranian authorities. But the future is uncertain according to an oil tanker master who was granted safe passage after being stranded three weeks in the region. “One particular party may say it will allow safe passage, but conditions of safe passage depend on various factors, and parties involved are too many,” said Captain Samanth Baktavatsalam. Baktavatsalam, an Indian national, is a tanker master with 27 years of sailing experience. But never before had he led a crew stranded at sea during an escalating conflict. “It was quite intense,” he told CNN. “We could actually see projectiles and naval and air force services in action, and we could actually see some of the damage on the coastline.” Baktavatsalam and his crew were stuck in the Gulf of Oman for three weeks before their vessel gained safe passage with military escort by an undisclosed regional authority. He did not disclose further details about the vessel or which flag it was sailing under. Their tanker experienced near-complete GPS jamming, forcing the crew to rely on traditional navigation methods, he said. Keeping crew morale high was another challenge that Baktavatsalam managed with open communication, one-on-one check-ins, and remote counseling support.“Indeed, we are definitely one of the lucky ones,” he said. “In some places there are extreme cases of water rationing and managing with whatever they have.” Baktavatsalam was one of an estimated 20,000 seafarers stranded in the region, caught in the crossfire of the US-Israeli war with Iran.Oil prices rose and stock markets fell Thursday as investors grew more doubtful that the Iran conflict would be over soon. Brent crude, the global oil benchmark, climbed 3.6% to almost $106 a barrel. WTI, the US benchmark, rose 3.6% to above $93.6 a barrel. On stock markets, South Korea’s Kospi led declines in Asia, closing 3.2% lower. Markets in Hong Kong, Tokyo and Shanghai also fell. European markets were trading lower in morning hours, with US futures also pointing to a weaker open. “Market attention is quickly turning to the end of Trump’s five-day deadline from Monday, when he said he’d postpone strikes against Iranian power plants and energy infrastructure,” Jim Reid, head of global macroeconomic research at Deutsche Bank, wrote in a note.with Israel overnight. Tehran has also been moving troops and air defenses to Kharg Island in preparation for a possibleKharg Island is the hub for around 90% of Iran’s crude oil exports, and experts say any attacks on refineries there would cause the conflict to escalate.US President Donald Trump greets Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base in Busan, South Korea, on October 30, 2025 .The White House may have announced new dates for an expected summit between US President Donald Trump and Chinese leader Xi Jinping, but Beijing’s Foreign Ministry declined to confirm them when asked Thursday. Ministry spokesperson Lin Jian told a regular press briefing that China and the US are “in communication” regarding the summit, and “presidential diplomacy plays an irreplaceable strategic guiding role in China-US relations.” Trump had originally been scheduled to visit Beijing next week – the US president’s first visit to China in eight years – but postponed the trip due to the war with Iran. The new date announced by the White House of May 14-15 has been widely interpreted as revealing something of the Trump administration’s thinking as to when the conflict might end. The proposed new dates also shorten the initial three-day visit – originally scheduled for March 31 to April 2 – to just two days. Chinese sources previously indicated to CNN the war could still further impact talks, or result in either side pulling out altogether, with China considering Chinese casualties or damage to Chinese assets as potential red lines. In a phone call with Egyptian Foreign Minister Badr Abdelatty on Wednesday, Beijing’s Foreign Minister Wang Yi said a “glimmer of hope” for peace had emerged, as both the US and Iran signaled a willingness to negotiate.Israel’s military said Thursday morning that it has completed a wide-scale wave of strikes targeting key infrastructure across several areas in Iran. Also on Thursday, there were reports of fragments and debris falling in the Israeli cities of Petah Tikva and Kfar Qassem.A spokesperson for the Israel Defense Forces said: “Search and rescue forces from the Home Front Command are on their way to a scene where reports have been received of an impact in central Israel.” Seperately, Iran’s state media reported that two teenage boys were among those killed on Wednesday in an attack in the southern Iranian city of Shiraz, blaming the United States and Israel for the assault. The debris had fallen on Sweihan Street, a major thoroughfare on the city’s east side, according to the Abu Dhabi government’s media office. Besides the two deaths – of people only described as “unidentified individuals” – the incident also caused three injuries and damaged a number of cars. The United Arab Emirates has come under retaliatory Iranian strikes since the war began more than three weeks ago. Authorities reported interceptions of Iranian missiles and drones from early Thursday morning, with CNN staff in Abu Dhabi hearing loud booms overnight.Iran-backed rebels are ready to join the war against the US and Israel, Iranian state-affiliated news agency Tasnim claimed, citing “an informed source.” The Houthis, also known as Yemeni Ansarullah, are ready to take control of the Bab al-Mandab Strait, which would be an “easy task,” the report said, citing the unnamed source. The rebel group has already caused major disruption in the Red Sea since October 2023, firing on hundreds of Israeli targets in retaliation for Israel’s attacks on Gaza. It has also targeted ships linked to the US and UK, impeding the flow of global trade. Efforts to repel the rebels failed to halt the attacks. The US and other Western navies have been escorting ships through the sea, but if the Houthis decide to take control of the Bab al-Mandab Strait it would likely further limit their options. The Bab al-Mandab Strait is a vital passageway between the Mediterranean and the Arabian Sea, linking Europe to Africa and Asia in oceans beyond.People stand in a queue with their empty LPG cylinders outside a gas agency amid supply disruptions following the U.S.-Israeli conflict with Iran, in Ahmedabad, India, on March 12.India is urging households to increase their reliance on piped natural gas as the country reels from the energy fallout of the war – a move that could transform cooking habits for tens of millions of people. Households across urban and rural India rely heavily on liquefied petroleum gas cylinders as their primary cooking fuel, which are delivered everywhere from high-rise apartment blocks to remote village clusters. However, India’s PNG infrastructure – gas delivered via pipeline – has been steadily expanding in recent years, with more than 15 million registered household connections across the country. The nation of 1.4 billion imports much of its LPG from the Middle East. By contrast, its PNG supply does not rely as heavily on imports. “We produce 50% domestically as far as PNG is concerned. So, this is in the interest of nation that we shift from LPG to PNG,” Sujata Sharma, joint secretary in the ministry of petroleum said. The government this week ordered an expansion of the country’s natural gas infrastructure and directed households in areas with existing piped gas networks to make the switch within three months of receiving a mailed notice. Households that fail to do so could lose access to their LPG supply, the order said.“Our entire neighborhood runs on LPG,” said Chandra Tandon, a grocery store owner in Delhi’s Lajpat Nagar neighborhood.“Maybe once this war is over, this will go away,” she said. “I’m worried.”Rescuers are working around the clock to save those trapped under the rubble after airstrikes in the western province of Lorestan, the Iranian Red Crescent Society said. A clip posted by the international humanitarian group on X early Thursday showed rescue workers conducting searches around flattened buildings, with excavators deployed.South Korean President Lee Jae Myung delivers a speech at the Philippines-Korea Business Forum in Pasay, Metro Manila, Philippines, on March 4.Fuel-starved countries in Asia are implementing emergency measures as the global energy crisis worsens. South Korean President Lee Jae Myung announced a new emergency response system on Thursday, urging citizens to “actively participate in small everyday actions, such as using public transportation and conserving energy.” He also asked gas stations to cooperate with the government’s oil price cap on refinery supply prices, and for citizens to reduce their electricity use. The government is also working to maintain current electricity prices, since the country’s sole electricity provider is a government-run agency.it had suspended the country’s wholesale electricity spot market until further notice, citing fuel supply risks and volatile prices. And in Thailand, panic buying ensued after the government announced that it would reduce the subsidy on oil prices – with social media videos showing cars rushing to fill up their tanks on Wednesday night.Talks between the United States and Iran are ongoing – though both sides are describing things very differently. US President Donald Trump claimed Tehran wants toMeanwhile, the realities of war are hitting home in the US – with high public dissatisfaction, a new postal surcharge, and bipartisan skepticism in Congress., even after Tehran did not immediately accept a 15-point plan to end the war. The US is working to arrange athrough mediators, but said that Washington’s shift in tone – having previously demanded Tehran’s “unconditional surrender” – amounted to an acknowledgment of failure.on packages, adding to the costs for American consumers and businesses as a result of the war. The surcharge is temporary and will only apply to packages, not letters. Consumers and businesses will start seeing the fee on April 26.with a briefing by Trump administration officials on the war, its objectives and timeline – the latest sign of growing angst even among members of Trump’s own party. The frustration arose as lawmakers are bracing for aIran has been laying traps and moving military personnel and air defenses to Kharg Island in preparation for a possibleFrom Thursday at 11 a.m. local time, Japan began releasing 30 days’ worth of oil from its state-owned reserves. This is part of a broader plan to release up to 45 days’ worth in total — its largest ever — alongside releases from private-sector stockpiles that began on March 16. Tokyo also plans to release oil from stockpiles held jointly with producing nations by the end of the month, Prime Minister Sanae Takaichi said.While the government has avoided energy-saving mandates so far, it has warned against panic buying of toilet paper amid supply concerns. And after fuel prices hit record highs of 190 yen per liter, Japan rolled out subsidies to cap them at around 170 yen per liter . On Wednesday, the head of the International Energy Agency, Fatih Birol, said the agency is prepared to release more oil reserves “if and when necessary.” He made the comments during a visit to Tokyo, where Takaichi asked the IEA “to prepare to implement an additional release in case the situation drags on” amid the US-Israel war with Iran.
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