Trump warns Mideast truce on 'life support', Iran says ready for any aggression

US cracks down on Iran’s secret China oil network ahead of Trump-Xi summit

The US Treasury sanctioned three senior IRGC oil officials and nine firms accused of disguising Iranian oil sales to China under the “Economic Fury” campaign launched in April 2026. The crackdown targets revenue allegedly funding Iran’s weapons, proxy groups, and nuclear program, following earlier actions that froze nearly $500 million in crypto assets. The move comes just days before President Trump’s Beijing summit and amid stalled negotiations after an April 8 Pakistan-brokered ceasefire that followed US-Israeli strikes reportedly killing Supreme Leader Ali Khamenei. Critics, including analyst Daniel Davis, question whether decades of sanctions have ever truly changed Iran’s regime behaviour.

As Iran’s military desperately tries to regroup, Economic Fury will continue to deprive the regime of funding for its weapons programs, terrorist proxies, and nuclear ambitions. Treasury will continue to cut the Iranian regime off from the financial networks it uses to carry out… https://t.co/nenSlWtW8T

— Treasury Secretary Scott Bessent (@SecScottBessent) May 11, 2026

US senator slams Trump, pushes vote to end Iran war

Senator Chuck Schumer criticized President Donald Trump for dragging the US into an 'illegal, costly war' with Iran. He announced Democrats will force a seventh vote on the War Powers Resolution this week to withdraw American troops.

“If Republicans vote against our resolution, they will continue to bear the blame for Trump’s war,” Schumer said.

Trump dragged America into a war—an illegal, costly war without any goals or without any endgame—and has the nerve to call it a “mini-war”

The best way to lower costs and end this chaos is to end this illegal war: Democrats are forcing a seventh vote on our War Powers Resolution…

— Chuck Schumer (@SenSchumer) May 11, 2026

Iran's Ghalibaf: US has no choice but to accept Iran's 14-point proposal

Mohammad Bagher Ghalibaf, Speaker of Iran's Islamic Consultative Assembly (Parliament), issued a firm statement early on Tuesday asserting that the United States has no viable alternative but to accept Iran's 14-point proposal for resolving the ongoing conflict. "There is no alternative but to accept the rights of the Iranian people as laid out in the 14-point proposal," Ghalibaf posted on X. "Any other approach will be completely inconclusive; nothing but one failure after another. The longer they drag their feet, the more American taxpayers will pay for it."

There is no alternative but to accept the rights of the Iranian people as laid out in the 14-point proposal.
Any other approach will be completely inconclusive; nothing but one failure after another.
The longer they drag their feet, the more American taxpayers will pay for it.

— محمدباقر قالیباف | MB Ghalibaf (@mb_ghalibaf) May 11, 2026

US Navy intercepted all 111 Iranian missiles in Strait of Hormuz, Trump claims

US President Donald Trump described Iranian missiles traveling at 3,000 miles per hour toward a US vessel in the Strait of Hormuz, "all knocked into the ocean" before impact.

The account ties to a May 7, 2026 clash where CentCom reported US forces intercepting "multiple" Iranian missiles, drones, and boat attacks on three destroyers — USS Truxtun, USS Rafael Peralta, and USS Mason — and then responding with self-defence strikes. Supporters praised US precision as proof of strength, while critics questioned the 111-missile figure against CentCom's vaguer report. Talks are currently stalled after Trump rejected Iran's latest counterproposal and naval blockades keep tensions high over the vital oil route.

DONALD TRUMP REVEALS AN EMBARRASSING DEFEAT FOR IRAN

Iran LAUNCHED *111 missiles* going at 3,000 miles per hour

ZERO HIT the American ships

"Out of 111 missiles going at 3,000 miles per hour, all 111 missiles were KNOCKED DOWN into the ocean."

"Long prior to arriving at… pic.twitter.com/7V8iXKtjyr

— Eric Daugherty (@EricLDaugh) May 11, 2026

Oil price climb after Trump's rejection of Iran's latest terms

Oil prices are climbing after US President Donald Trump’s dismissal of Iran’s latest terms, sparking fears of a fresh escalation in the conflict that would keep the vital Strait of Hormuz closed even longer. Brent is up 2.89% at $104.21, while Murban is up 4.84% at $103.60, and WTI slightly up 0.04% to $98.17 as of 7.30am Tokyo on Tuesday.

Oman FM cites 'urgent need' to free ships stranded along Strait of Hormuz

Oman Foreign Minister Sayyid Badr bin Hamad Al Busaidi has appealed for an “urgent" humanitarian initiative to allow scores of commercial vessels stranded in the Strait of Hormuz to leave safely, after meeting with officials from the International Maritime Organisation (IMO) in Muscat. The strait has been severely disrupted by ongoing Middle East hostilities and security restrictions, leaving hundreds of ships and thousands of seafarers effectively trapped

Iran reneged on deal to let the US remove its supply of enriched uranium: Trump

US President Donald Trump has accused Iran of reneging on a deal that would have allowed the United States to remove its supply of enriched uranium, stating that Iranian leaders "agree with us and then they take it back".

Trump indicated that despite prior discussions to remove the uranium—specifically that which was buried under sites bombed by the US last year— Iran did not include this transfer in its latest proposal.

"Piece of Garbage" proposal: Trump termed Iran's latest truce proposal "unacceptable" and a "piece of garbage," leaving the current month-long ceasefire on "massive life support". The US demand requires the removal of all of Iran's enriched uranium, including the approximately 440kg of 60% enriched uranium and the full 10-tonne stockpile.

US‑Israel war on Iran: Recent developments

Day 73: Trump calls Iranian response 'totally unacceptable'

Day 72: 'As of today, Tehran’s restraint is over': Iran official

Day 71: Iran keeps US waiting on response to peace plan

Day 70: US fires on Iran tankers as talks hang in balance

Day 69: Iran creates agency to control shipping at the Strait of Hormuz

Day 68: Trump threatens 'higher level' bombing of Iran if deal not agreed

Day 67: 'Project Freedom' paused 'for a short period': Trump

Day 66: UAE intercepts 12 ballistic missiles, 3 cruise missiles, 4 drones