Middle East
Trump proposes 14-point plan for Iran peace talks
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The United States and Iran are discussing a proposed framework to end their conflict and reopen the Strait of Hormuz. President Donald Trump presented a 14-point plan for 30 days of negotiations, though Iranian officials have not yet accepted it.
The Panamanian-flagged bulk carrier MDL Toofan crossed the Strait of Hormuz on Sunday bound for Rio Grande do Sul.
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U.S. military forces struck two Iranian oil tankers Friday in the Strait of Hormuz after exchanging fire with Iranian forces overnight. The attacks came amid efforts to enforce a blockade and followed reported Iranian missile and drone strikes on the United Arab Emirates.
The United Arab Emirates and Japan have agreed to promote cooperation aimed at securing a stable crude oil supply amid the closure of the Strait of Hormuz.
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U.S. President Donald Trump said Wednesday that a peace agreement with Iran could be reached before his trip to China next week. Washington and Tehran are reportedly working on a one-page memorandum to end their war and set a framework for detailed nuclear negotiations.
Egyptian Foreign Minister Badr Abdelatty and Syrian counterpart Asaad Al-Shaibani discussed strengthening bilateral ties and coordinating on regional developments during talks in Cairo. Egypt reaffirmed support for Syria’s unity and rejected Israeli violations of its sovereignty. The discussions also covered broader issues like US-Iran negotiations and the situation in Lebanon.
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South Korean stocks opened at a fresh record high on Monday after U.S. President Donald Trump announced plans to free ships stranded in the Strait of Hormuz, amid Washington and Tehran exchanging peace talk proposals. The benchmark KOSPI surged 2.79% to 6,782.93 at the open. Eased Middle East tensions drove the rally.
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