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Illustration of President Trump presenting a 14-point Iran peace plan with Strait of Hormuz map in background
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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.

Germany is offering additional equipment and personnel for a possible mission in the Strait of Hormus. The navy plans further participation in the operation. The move comes amid ongoing tensions in the region.

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Iran has hardened its negotiating position with the United States by demanding five conditions described as minimum guarantees for trust. The move comes amid mounting concerns over oil supplies and shipping security in the Strait of Hormuz.

Emmanuel Macron condemned unjustified strikes against civilian infrastructure and several ships during a call on Wednesday with Iranian President Massoud Pezeshkian. A CMA CGM container ship was attacked the previous day in the Strait of Hormuz. The French president highlighted the usefulness of a multinational mission to secure navigation once the conflict is resolved.

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Gasoline prices reached their highest level since the start of the Middle East conflict on Wednesday, May 6. The average price of super unleaded 95 stood at 2.03 euros per liter. The increase stems from the war and the paralysis of the Strait of Hormuz.

Hermès reported a 6% revenue increase in the first quarter of 2026, driven entirely by higher prices amid flat volume growth. The Middle East conflict led to a 6% sales drop in that region and a double-digit decline in its US-traded shares. Analysts view the sell-off as overdone, presenting a buying opportunity for long-term investors.

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Crude oil prices have rocketed above $115 a barrel after the US and Iran exchanged fire, shattering a fragile ceasefire amid weeks of escalating tensions. Following stalled April peace talks, naval blockades, and ship seizures in the Strait of Hormuz, the clash has intensified fears of broader Middle East conflict, threatening global energy supplies and stoking market volatility.

 

 

 

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