US-Israel-Iran War News Live Updates: US imposes sanctions on 10 individuals, companies for aiding Iran's weapons sector
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  • US-Israel-Iran War News Live Updates: US imposes sanctions on 10 individuals, companies for aiding Iran's weapons sector
THE TIMES OF INDIA | May 09, 2026, 06:26:07 IST
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US-Israel-Iran War News Live Updates: US imposes sanctions on 10 individuals, companies for aiding Iran's weapons sector

Iran War News: The Strait of Hormuz crisis intensified after Iran rejected a US-backed draft resolution at the United Nations Security Council (UNSC), calling it “flawed” and “politically motivated”. Tehran said the proposal would not solve the ongoing conflict in West Asia and instead accused Washington of attempting to legitimise unlawful actions through the UN.

In its statement, Iran maintained that the only solution to the crisis was ending the war, lifting the maritime blockade on Iranian ports and restoring normal movement through the Strait of Hormuz. The Iranian mission also appealed to UN member states to reject the draft resolution and avoid supporting it.

The proposed resolution was introduced by the United States along with Gulf allies including Bahrain, Saudi Arabia, the UAE, Kuwait and Qatar. It aims to defend freedom of navigation in the Strait of Hormuz, a crucial global energy corridor through which a large share of the world’s oil supply passes. The United States has accused Iran of attacks on commercial vessels, laying sea mines and threatening maritime traffic.

The crisis has further deepened regional instability. Reports of missile and drone strikes, attacks on ships and tensions involving Israel have heightened fears of a wider conflict in the Gulf. The Israeli military also reported sirens in northern Israel following a suspected aerial infiltration.

Iran’s Revolutionary Guard warned against any military action, claiming that attempts by former US President Donald Trump to weaken Tehran had failed. At the same time, diplomatic channels remain active, with mediators reportedly working on a possible agreement between Washington and Tehran.

The continuing tensions have had major global economic consequences, including rising oil prices and increased shipping costs. With the Strait of Hormuz remaining at the centre of the crisis, concerns continue to grow over global trade disruptions and regional security as international diplomatic efforts intensify.
02:27 (IST) May 08
US Iran war: Iran says Supreme Leader Mojtaba Khamenei overseeing national decisions
Iran’s Foreign Ministry spokesperson said Supreme Leader Mojtaba Khamenei is “wisely” managing all matters related to national interest and that no major action is taken without his approval. Mojtaba, son of late Supreme Leader Ali Khamenei, has not appeared publicly since the US-Israeli strikes that killed his father at the start of the war. Iranian state media earlier reported that President Masoud Pezeshkian held a nearly two-and-a-half-hour meeting with him.
02:07 (IST) May 08
Iran war news: Explosions heard in Bandar Abbas, Qeshm as Iran downs drones
Explosions were reported in Iran’s Bandar Abbas and Qeshm island, according to Iranian state media outlets.

Mizan news agency said air defence systems intercepted several small drones over Qeshm, while Tasnim news agency reported that two drones were brought down in Bandar Abbas.
01:45 (IST) May 08
Iran war updates: 'Vessel Information Declaration' - Iran issues new rules for ships to transit Hormuz
Iran has introduced a new protocol requiring commercial vessels to comply with regulations set by its newly formed Persian Gulf Strait Authority (PGSA) before transiting through the Strait of Hormuz.

According to documents seen by CNN, ships must now submit a 'Vessel Information Declaration' form to ensure safe passage. Tehran has warned that vessels moving through the strategic waterway without permission from the IRGC navy risk being targeted, as Iran pushes to formalise control over one of the world’s most critical energy shipping routes.
01:24 (IST) May 08
Iran state TV reports explosions on island in Hormuz strait, reports AFP
01:10 (IST) May 08
US Iran war: Qatar warns Hormuz tensions threaten global economy, energy security
Qatar’s Ambassador to the UN Alya Ahmed Saif al-Thani said the ongoing Strait of Hormuz crisis poses a serious threat to global economic stability and energy security. Backing the new draft UN resolution, she said keeping the strait open was a “shared international responsibility” and stressed that disruptions in the waterway were worsening humanitarian and regional security concerns.
00:45 (IST) May 08
Iran war updates: New UN resolution also seeks disclosure of Iranian sea mines in Hormuz
The proposed UN Security Council resolution on the Strait of Hormuz also calls on Iran to stop laying sea mines and disclose the locations of existing mines in the strategic waterway. The US envoy to the UN described the draft as a “narrower effort” focused specifically on maritime tolls and mining activities after broader proposals failed to secure support earlier.


00:38 (IST) May 08
Iran war: Commercial traffic through Strait of Hormuz falls sharply amid escalating crisis
Commercial vessel movement through the Strait of Hormuz has dropped to one of its lowest levels in recent history, according to MarineTraffic data reviewed by CNN. The data reportedly showed no vessels transiting between the Arabian Sea and the Persian Gulf over the past 48 hours as tensions escalated over Iran’s actions in the strategic shipping corridor.
00:15 (IST) May 08
Iran war news: US, Gulf nations draft new UNSC resolution targeting Iran over Hormuz crisis
United States is co-drafting a new UN Security Council resolution with Bahrain, Kuwait, Qatar, Saudi Arabia and the UAE, demanding that Iran halt attacks on merchant vessels in the Strait of Hormuz and stop imposing tolls on ships passing through the waterway. The move comes after an earlier resolution was blocked by Russia and China at the UNSC last month.
23:45 (IST) May 07
US Iran war: Israel launches fresh strikes in southern Lebanon as Hezbollah retaliates
Israel’s military carried out a new wave of air raids across southern Lebanon, targeting areas including Dibbin, Habboush, Souaneh and Zawtar al-Gharbiyah. Lebanon’s National News Agency said the strike on Dibbin sparked a fire in a residential house. Meanwhile, Hezbollah claimed multiple artillery attacks on Israeli forces, including in Deir Siryan and said it destroyed an Israeli defence platform near the border.
22:12 (IST) May 07
US sanctions Iraqi deputy oil minister over alleged support for Iran
The United States imposed sanctions on Iraq’s deputy oil minister, Ali Maarij al-Bahadli, accusing him of helping divert Iraqi oil to benefit Iran and Iran-backed militias. The US Treasury alleged Iranian oil was mixed with Iraqi crude and sold through falsified documentation to evade sanctions.

Al-Bahadli “abused his government position to divert Iraqi oil in support of the Iranian regime and its terrorist proxies,” State Department spokesman Tommy Pigott said.

Washington also sanctioned leaders of Iran-aligned Iraqi militias, including Asa'ib Ahl al-Haq and Kata'ib Sayyid al-Shuhada, amid growing US pressure on Baghdad to curb Iranian influence.
21:34 (IST) May 07
Iran says no conclusion reached on US proposal, no response sent yet: Foreign Ministry

Iran has not yet reached a conclusion on the latest proposal and has not submitted any response to the United States, Foreign Ministry spokesperson told IRNA on Thursday.

The spokesperson said the proposal is still under review and that Tehran is continuing its assessment before conveying an official position. Earlier, officials had indicated that Iran was examining the US proposal through mediation channels and would respond after completing its review.
20:38 (IST) May 07
Lebanon, Israel to hold new talks in Washington May 14-15: US official

"There will be talks between Lebanon and Israel Thursday and Friday next week in Washington," a State Department official said on condition of anonymity.



20:02 (IST) May 07
Iran War News: US and Iran explore short-term deal to halt fighting amid ongoing tensions
The US and Iran are reportedly moving toward a short-term memorandum aimed at stopping the current fighting, rather than a full peace agreement. The proposed plan would pause hostilities and stabilize the Strait of Hormuz while leaving major disputes—especially over Iran’s nuclear program and regional influence—unresolved. The framework could trigger a 30-day negotiation window for a broader deal. Officials said talks remain cautious, with optimism tempered by significant political differences.
19:09 (IST) May 07
Qatar PM expresses optimism over diplomatic breakthrough in US–Iran tensions
Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani has voiced cautious optimism that the US and Israel could “put an end” to the Middle East crisis.

He said any potential US–Iran agreement must reflect the interests of both the region and the wider world.

“We are monitoring the situation, we are communicating with all parties and we find that, despite the divergent positions in both Tehran and Washington, there is a high prospect of finding a diplomatic solution,” he said in an interview with Al-Araby Al-Jadeed.

“We are encouraged that positive progress is being made in the exchange of messages between Washington and Tehran, and there are indications of this.”
However, he added a note of caution, saying, “We say this with caution.”
18:39 (IST) May 07
'Commitment to peace & human dignity': Rubio discusses Middle East situation with Pope Leo
US State Department spokesman Tommy Pigott said that the two discussed the situation in the Middle East “and topics of mutual interest in the Western Hemisphere. The meeting underscored the strong relationship between the United States and the Holy See and their shared commitment to promoting peace and human dignity."
18:26 (IST) May 07
US oil price drops 5% on hopes over US-Iran war talks
18:09 (IST) May 07
Rubio's Vatican talks included discussing efforts to achieve 'durable peace' in the Middle East
US Secretary of State Marco Rubio discussed “efforts to achieve a durable peace in the Middle East” in talks at the Vatican on Thursday aimed at easing tensions following U.S. President Donald Trump’s criticisms of Pope Leo XIV.

Rubio met with Leo and then Vatican Secretary of State Cardinal Pietro Parolin in a visit that lasted 2½ hours.

US State Department spokesman Tommy Pigott said that Rubio and Leo discussed the situation in the Middle East “and topics of mutual interest in the Western Hemisphere. The meeting underscored the strong relationship between the United States and the Holy See and their shared commitment to promoting peace and human dignity,” he said.

In a separate statement about the Parolin meeting, Pigott said that the two diplomats discussed “ongoing humanitarian efforts in the Western Hemisphere and efforts to achieve a durable peace in the Middle East. The discussion reflected the enduring partnership between the United States and the Holy See in advancing religious freedom,” the statement said.
16:55 (IST) May 07
Iran war raises fears of winter gas crunch in Europe: Swiss regulator
The war in Iran has heightened uncertainty over gas availability ahead of the coming winter, Switzerland’s Federal Electricity Commission warned on Thursday.

The regulator said that in a worst-case scenario, the disruption could also threaten the stability of electricity supplies across Europe and Switzerland.
16:40 (IST) May 07
Israel Iran war: 'Humble and sincere approach': Iran's president Pezeshkian says he met supreme leader Khamenei
Iranian President Masoud Pezeshkian said Thursday that he had met the country’s supreme leader Mojtaba Khamenei, who has not appeared in public since assuming office in early March, though Pezeshkian did not specify when the meeting took place.

“What struck me most during this meeting was the vision and the humble and sincere approach of the supreme leader of the Islamic revolution,” Pezeshkian said in a video aired on state television.

Khamenei, who was reportedly wounded in strikes during the opening day of the Middle East war that killed his father and predecessor Ali Khamenei, has issued only written statements since taking office.
16:05 (IST) May 07
Iran War News: Iran likely to respond today to US memorandum on peace
Iran is expected to submit its response on Thursday to the US proposal aimed at ending the war, according to CNN, as both sides move closer to a possible agreement on a short memorandum.

The development comes a day after President Donald Trump said Washington had held “very good talks” with Tehran over the past 24 hours.
15:15 (IST) May 07
Iran War News: Rubio visits Vatican amid tensions over Trump’s criticism of Pope Leo XIV
US Secretary of State Marco Rubio began a fence-mending visit to the Vatican on Thursday after President Donald Trump’s criticism of Pope Leo XIV and the US-Israeli war in Iran strained ties with the Holy See.

Rubio, a practising Catholic, was scheduled to hold an audience with Pope Leo, though the meeting was reportedly complicated by Trump’s latest remarks targeting the Chicago-born pontiff.

Pope Leo has pushed back against Trump’s comments, accusing him of misrepresenting his views on Iran and nuclear weapons while insisting he was only preaching the biblical message of peace.

Rubio was also expected to meet Vatican Secretary of State Cardinal Pietro Parolin, who publicly defended the Pope ahead of the visit and criticised Trump’s attacks in measured diplomatic language.

“Attacking him like that or criticising what he does seems a bit strange to me, to say the least,” Parolin said on Wednesday.
14:57 (IST) May 07
Israel Iran War: Iran President Pezeshkian accuses US of ‘stabbing from behind’ during talks with Macron
Iranian President Masoud Pezeshkian told French President Emmanuel Macron that Washington’s conduct during negotiations with Tehran amounted to “stabbing from behind”, amid heightened tensions over the Strait of Hormuz and the wider regional conflict.

According to a statement released by the Iranian President’s office on Wednesday, Pezeshkian said US actions had “diverted the path of diplomacy toward threats, pressure and sanctions”, adding that Tehran no longer trusts Washington.

“We entered into dialogue with the US twice, and on both occasions, military aggression against Iran took place concurrently with the negotiations. Such behaviour is effectively like ‘stabbing from behind’,” Pezeshkian said during the call with Macron.
14:09 (IST) May 07
Israel Iran War: Hezbollah fires rockets at Israeli troops in southern Lebanon, no casualties reported
Israeli military has reported that Hezbollah fired several rockets toward its troops operating in southern Lebanon over the past few hours, though no casualties were recorded.

In response, the army said it struck around 15 Hezbollah targets, including weapons storage facilities, in southern Lebanon.

Separately, three Lebanese civilians were killed in Israeli airstrikes on the Nabatieh region on Tuesday, despite an ongoing ceasefire arrangement.

According to the latest official figures, Israeli attacks on Lebanon since March 2 have killed at least 2,715 people, injured 8,353, and displaced more than 1.6 million residents—approximately one-fifth of the country’s population.
13:56 (IST) May 07
US Iran war: Ex-IRGC commander rejects nuclear talks, defends Hormuz control
Mohsen Rezaei, a former commander of the Islamic Revolutionary Guard Corps and a current member of Iran’s Expediency Council, has stated that Iran will not engage in negotiations over its nuclear programme with any party, according to Iran’s ISNA news agency.

Rezaei also stressed that control over the Strait of Hormuz must remain under Iranian authority, warning that any loss of oversight could allow adversaries to “weaponise” the waterway against Iran and its population.

“If control and management of the Strait of Hormuz pass out of Iran’s hands, the enemy will once again weaponise it against Iran and its people,” he said.

He further argued that regional security should be managed by regional states, insisting that foreign military forces—including those from the United States and Europe—should withdraw from the region.
13:26 (IST) May 07
US Iran war: Iran reviews US peace proposal as Trump threatens renewed strikes over Hormuz deal
Iran has said it is reviewing the latest US proposals aimed at ending the ongoing conflict, as President Donald Trump warned of renewed airstrikes if no agreement is reached—reportedly including conditions tied to reopening the Strait of Hormuz to international shipping.

The prospect of a possible de-escalation boosted global markets, even as reports emerged that US forces struck an Iranian oil tanker accused of attempting to breach an American blockade of Iranian ports a day earlier. Brent crude prices stabilised at around $100 per barrel, with traders closely watching whether shipping routes through the Strait of Hormuz could resume.

Trump wrote on social media that the war, now in its second month, could soon end and that disrupted oil and gas flows might restart—if Iran accepts a reported deal, the details of which he did not disclose. “If they don’t agree, the bombing starts,” he warned.

A fragile ceasefire between the US and Iran has reportedly held since April 8, though earlier in-person talks hosted in Pakistan failed to produce an agreement. The conflict began on February 28, when the US and Israel launched strikes against Iran.
13:13 (IST) May 07
US Iran war: Indian Embassy in Lebanon facilitates return of five nationals
Indian Embassy in Lebanon facilitated the safe return of five Indian nationals from the Gulf region, expressing appreciation to Lebanese authorities for their cooperation in ensuring a smooth exit process.

In a post on X, the Embassy stated that it had “successfully facilitated the return of 5 Indian nationals to India,” adding its “sincere thanks to the Lebanese authorities for their cooperation and support.”

Earlier on April 15, Indian Ambassador to Lebanon Noor Rahman Sheikh met Major General Hassan Choucair, Director General of the General Security Department, to discuss issues including cooperation in capacity building and the welfare of the Indian diaspora in Lebanon.
12:54 (IST) May 07
US Iran war: Iran deputy FM likely to attend BRICS Summit in New Delhi—report
12:12 (IST) May 07
US Iran war: Beijing hosts US senate delegation amid parallel Iran-China diplomatic engagements
Following Iranian Foreign Minister Abbas Araghchi’s visit to China, a bipartisan delegation from the United States Senate held talks with Chinese Foreign Minister Wang Yi in Beijing.

The US delegation, just one day after Araghchi’s meeting with Wang, focused discussions on trade relations and broader regional stability, according to reports.

During his meeting with Araghchi, Wang Yi reportedly called for an immediate end to what he described as an “illegitimate” US-Israeli war on Iran.

Analysts suggest that US President Donald Trump is seeking to secure a diplomatic agreement with Tehran ahead of his upcoming summit in Beijing next week with Chinese President Xi Jinping.

Leading the US delegation, Republican Senator Steve Daines emphasized the importance of “stability and mutual respect” in US-China relations.
11:25 (IST) May 07
Iran War News: Iran denies involvement in blast on South Korean ship in Strait of Hormuz
Iran has denied any involvement in the explosion aboard a South Korean-operated vessel in the Strait of Hormuz earlier this week.

“Iran firmly rejects and categorically denies any allegations regarding the involvement of the armed forces of the Islamic Republic of Iran in the incident involving damage to a Korean vessel in the Strait of Hormuz,” Iran’s embassy in Seoul said in a statement.

South Korea’s Foreign Ministry said on Tuesday that the exact cause of the blast and subsequent fire would only be determined after the ship is brought to port for investigation.
11:24 (IST) May 07
Israel Iran War: 13 countries accuse Israel of violating international law over Gaza flotilla raid
A coalition of 13 countries, including Pakistan, Indonesia, Turkiye, Spain and South Africa, has condemned Israel’s interception of activists participating in the Global Sumud Flotilla, a civilian mission attempting to deliver aid to Gaza.

In a joint statement, the foreign ministers described the flotilla as a “peaceful civilian initiative” aimed at drawing attention to the worsening humanitarian crisis in Gaza and said they “condemn in the strongest terms the Israeli assault” on the group.

The ministers said the April 30 interception of the flotilla and the detention of activists in international waters off the coast of Greece amounted to a “flagrant violation” of international law and maritime conventions.

“The unlawful detention of humanitarian activists in international waters constitutes a grave breach of international humanitarian law,” the statement said.

The group also expressed concern for the safety of the activists still being held and called on Israeli authorities to ensure their “immediate and unconditional release”.

The statement was issued by the foreign ministers of Turkiye, Bangladesh, Brazil, Colombia, Indonesia, Jordan, Libya, Malaysia, Maldives, Mauritania, Pakistan, South Africa and Spain, who also urged the international community to uphold international law, protect civilians and ensure accountability for the alleged violations.
11:14 (IST) May 07
Israel Iran War: ‘Operation trust me bro failed’: Iran mocks US as high-stakes war talks intensify
10:03 (IST) May 07
US Iran war: Trump halts Strait of Hormuz naval plan after Saudi refusal- Report
US President Donald Trump has reportedly paused a planned naval operation aimed at escorting ships through the Strait of Hormuz after Saudi Arabia declined to allow American aircraft involved in the mission to use Prince Sultan Airbase near Riyadh or pass through Saudi airspace, according to NBC News.

Citing US officials, NBC News reported that Saudi Arabia and other Gulf nations were surprised by Trump’s announcement of “Project Freedom” on Sunday. The report said Trump spoke with Saudi Crown Prince Mohammed bin Salman but was unable to secure an agreement.

Responding to questions on whether the operation had caught Saudi leaders off guard, a Saudi source told NBC News, “the problem with that premise is that things are happening quickly in real time.”

The source also said Saudi Arabia remains “very supportive of the diplomatic efforts” being led by Pakistan to help broker an agreement between the United States and Iran.
A White House official told NBC News that “regional allies were notified in advance” about the operation.

However, a West Asian diplomat quoted in the report said the United States coordinated only with Oman after Trump publicly announced the initiative.
09:59 (IST) May 07
Israel Iran War: Senior Hezbollah Radwan Force Commander killed in Israeli strike
Israeli airstrikes on Beirut’s southern suburbs killed a senior commander of Hezbollah’s elite Radwan force on Wednesday, marking the first strike on the area in nearly a month, according to a source close to the group.

The source identified the commander as Malek Ballout, who served as the operations commander in Hezbollah’s Radwan force.

Israeli Prime Minister Benjamin Netanyahu said the military had targeted “the commander of Hezbollah's Radwan force.”

According to Lebanon’s health ministry, at least 11 other people were killed in separate Israeli strikes across southern and eastern Lebanon.

Lebanon’s state-run National News Agency reported that Israeli warplanes targeted Ghobeiri in Beirut’s southern suburbs, an area known as a Hezbollah stronghold.

An AFP correspondent at the scene saw a building reduced to rubble after the strike, while residents were seen leaving the area carrying their belongings.

Many residents of Beirut’s southern suburbs had fled after Hezbollah drew Lebanon into the wider Middle East conflict in March. Despite a truce that came into effect on April 17, many have yet to return.

08:15 (IST) May 07
US Iran war: Iran says negotiations cannot happen under ‘coercion’ after Trump warning

Iran’s Foreign Ministry spokesperson Esmaeil Baqaei said that genuine negotiations cannot take place under coercion, stressing that diplomacy must be conducted in “good faith.”

In a post on X, Baqaei cited a 2011 International Court of Justice ruling, stating that negotiations require “a genuine attempt to engage in discussions with a view to resolving the dispute.”

He added that negotiations should not amount to “dictation, deception, extortion or coercion.”

Baqaei’s remarks came after US President Donald Trump said Washington’s “Operation Epic Fury” and the blockade linked to the Strait of Hormuz would end if Iran “plays ball.”

Trump also warned that if Tehran failed to accept the conditions for a ceasefire, military strikes would resume.

07:44 (IST) May 07
Iran War News: 'Flawed, politically motivated': Iran slams US-backed UNSC resolution on Hormuz crisis, says ending blockade is only solution
Iran strongly criticised the US-backed draft resolution at the United Nations Security Council (UNSC), calling it “flawed, politically motivated," and said the proposal would not help resolve the ongoing crisis in West Asia.

In a statement posted on X, the Permanent Mission of the Islamic Republic of Iran to the UN said the “only viable solution” to the crisis was the removal of the US naval blockade on Iranian ports and the restoration of normal passage in the strategic waterway.

“The only viable solution in the Strait of Hormuz is clear: a permanent end to the war, the lifting of the maritime blockade, and the restoration of normal passage. Instead, the US is pushing a flawed, politically motivated UN Security Council draft resolution under the pretext of ‘freedom of navigation’ to advance its political agenda and legitimise unlawful actions--not to resolve the crisis,” the Iranian mission said.

Iran also urged UN member states not to support the draft resolution.


07:43 (IST) May 07
US Iran war: 'Trump failed across all fronts'- IRGC issues warning over potential military action against Iran
Iran’s IRGC Navy has warned that any potential attack by its adversaries would be met with a response “beyond their calculations,” according to remarks by the force’s political deputy reported by Fars News Agency.

The official claimed former US President Donald Trump failed in all objectives against Iran, including attempts at regime change, gaining control over the Strait of Hormuz, and seizing Iran’s uranium resources.

He further said efforts to install a leadership aligned with the United States had not only failed but had instead strengthened the Islamic Republic’s leadership. The IRGC Navy also asserted that Iran’s latest military planning demonstrates its dominance over the strategic Strait of Hormuz.
07:42 (IST) May 07
US Iran war: Iran to respond Thursday on US war-ending proposal amid push for deal
Iran is expected to hand over its response on Thursday to mediators regarding the latest US proposal aimed at ending the ongoing conflict, according to a regional source quoted by CNN.

The development comes amid signs that Washington and Tehran may be moving closer towards a broader agreement after weeks of stalled negotiations and escalating tensions in the region.

Iran earlier said the US proposal was “still being considered”, while reports suggested the White House believes progress is being made toward a possible framework deal.

According to Axios, the proposed understanding could include provisions such as limits on Iran’s nuclear enrichment programme, sanctions relief, and restoring free transit through the Strait of Hormuz.

Pakistan, which is involved in mediation efforts, said it was working to help convert the current ceasefire into a “permanent end to this war”.
07:42 (IST) May 07
US Iran war: Sirens sound in northern Israel amid suspected aerial infiltration
The Israeli army said sirens were activated in northern Israel after what it described as a “hostile aircraft infiltration” in the Kiryat Shmona area. Residents were alerted as defence systems responded to the threat. Authorities said they were assessing the situation, with no immediate reports of casualties or damage.
07:42 (IST) May 07
Israel Iran War: Trump peace talks linked to market stability, says Washington correspondent
US President Donald Trump’s push for a peace deal in the Middle East may also be aimed at stabilising financial markets, according to reporting from Washington.

Trump has argued that oil prices and global markets are reacting sharply to the conflict, warning that crude could spike significantly. However, correspondent Alan Fisher noted that while Trump expects Iran to be near collapse, there is no clear sign from Tehran of willingness to concede.

Analysts in Washington suggest the broader economic impact of the conflict is shaping US diplomatic urgency alongside security concerns.
07:41 (IST) May 07
US Iran war: Hezbollah claims 17 strikes on Israeli forces in southern Lebanon
Hezbollah said its fighters carried out 17 targeted strikes on Israeli forces operating inside Lebanese territory.

In a statement, the group said it hit gatherings of Israeli soldiers and military vehicles across several locations including Qantara, Biyyada, Taybeh, Naqoura, Rishaf and Aita al-Shaab using drone and rocket attacks. It also claimed strikes on military hardware, including a personnel carrier and a newly established command centre.
Tensions between the United States and Iran escalated sharply after Tehran strongly criticised a US-backed draft resolution at the United Nations Security Council (UNSC) concerning the Strait of Hormuz crisis. Calling the proposal “flawed” and “politically motivated”, Iran accused Washington of using the resolution to advance its own agenda under the pretext of ensuring freedom of navigation in the strategic waterway.

In a statement, the Permanent Mission of the Islamic Republic of Iran to the United Nations said the “only viable solution” to the crisis was ending the war, lifting the maritime blockade, and restoring normal passage through the Strait of Hormuz. Iran also urged UN member states not to support the draft resolution.

The development comes amid heightened military and diplomatic tensions in the Gulf region. US, along with Bahrain, Saudi Arabia, the United Arab Emirates, Kuwait and Qatar, introduced the draft resolution seeking action against alleged Iranian attacks on ships, sea mining operations and restrictions on maritime transit. Washington has accused Tehran of threatening global trade and disrupting one of the world’s most critical energy routes.

Meanwhile, the conflict has continued to widen. Sirens sounded in northern Israel following a suspected aerial infiltration, while reports of missile and drone attacks across the Gulf raised fears of a broader regional war. Merchant vessels have also reportedly faced explosions and fires in the region.

Iran’s Islamic Revolutionary Guard Corps (IRGC) warned that any attack by adversaries would receive a response “beyond their calculations”. At the same time, diplomatic efforts remain underway, with Iran expected to respond to a US-backed war-ending proposal through mediators.

The ongoing crisis has disrupted global energy markets, pushed up oil prices and increased shipping insurance costs, as uncertainty continues over the future of maritime security and stability in the Strait of Hormuz.