Iran

Iran says peace proposal includes reparations for war damage, US troop withdrawal

Teheran also sought the lifting of sanctions, the release of frozen funds and an end to the US marine blockade on the country

A photo from Iran's Tasnim news agency showing an Islamic Revolutionary Guards boat allegedly taking part in an operation on Apr 21 to seize ships attempting to cross the Strait of Hormuz.
NEWS ANALYSIS

Will Gulf states find new oil pipelines fast enough to reduce Hormuz reliance?

The prospect that Iran may close Hormuz was acknowledged as a significant danger by strategic experts

Iran has shown little interest in loosening its hold on the Hormuz strait, insisting it wants to maintain a degree of control even after the end of the war.

US, Iran stall on Hormuz strait reopening as oil supplies tighten

Brent crude has jumped about 50% since the start of the war

Iran appears to be making more deals with countries to allow some ships to pass through the Hormuz strait.

Trump says China’s Xi offered help on Iran as ship seized near UAE

“He said he’s not going to give them military equipment,“ Trump said

US President Donald Trump (centre) arrives in Beijing on May 13 for a summit with China's leader, Xi Jinping. He is expected to ask for China’s help to resolve the Iran war,

Iran war looms over Trump’s summit with Xi in Beijing, as Middle East alliances shift

He is expected to ask for China’s help to resolve the costly and unpopular conflict

Hengli Petrochemical's refining complex in China's Dalian in 2018.

Hengli’s ex-Singapore unit dismisses staff after US sanctions, at risk of being wound down: sources

Singapore is an important base for many China-based firms seeking to source crude and metals

US President Trump has been leaning on China to use its influence to push Teheran to make ​a deal with Washington.

Trump dismisses Iran’s reply to peace plan

Oil prices rise almost 3% on news of the continued deadlock that has left the Strait of Hormuz largely closed