US President Donald Trump branded Iran’s terms for ending the Middle East war “totally unacceptable”, raising fears of fresh conflict.
ran’s powerful chief negotiator has warned the United States against any further escalation in the Strait of Hormuz, risking reigniting the Middle East war.
Iran warned that it would consider any US attempt to interfere in the Strait of Hormuz a breach of the Mideast ceasefire.
President Donald Trump has intensified plans to reduce American military saying that troop cuts will extend “way down” beyond the 5 000 personnel.
Renewed fighting between the US and Iran is likely after Donald Trump said he was “not satisfied” with a new Iranian negotiating proposal.
National Treasury extends fuel levy relief to June 2026, suspending the diesel levy entirely as Middle East tensions drive up oil prices.
Global trade routes are shifting due to Strait of Hormuz closures, with shipping rerouted via African ports, increasing costs and delays.
President Donald Trump said a US naval blockade against Iran could last months, leading oil prices to spike.
The world’s worst oil supply disruption in history will take months and potentially years to recover from.
Government has extended temporary fuel levy relief until the end of June, citing ongoing pressure on global oil prices due to the Middle East conflict.