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🚨 IRAN DEMANDS CONTROL OF HORMUZ IN WAR TALKS WITH US
Iran has demanded sovereignty over the Strait of Hormuz in its latest proposal to the US aimed at ending the war, according to state media.
The key oil shipping route has been effectively blocked since fighting with the US and Israel began in February, disrupting exports from Gulf producers including Saudi Arabia and Kuwait.
Iran and Oman both hold Exclusive Economic Zones in the strait, but under international law, foreign ships retain the right of “innocent passage” through the waterway.
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IRAN URGES ENERGY SAVING AS US BLOCKADE BITES
Iranian officials have urged people to cut electricity, gas and fuel use as US blockade measures disrupt shipments and deepen economic pressure.
President Masoud Pezeshkian warned that lower electricity consumption could help avoid government restrictions, while Vice President Saghab Esfahani called for small daily reductions in gasoline use.
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BREAKING: Israel believes a deal with Iran is unlikely and has told the US that any return to war must include strikes on Iran’s entire energy infrastructure within 24 hours, per Israel's Channel 12.
Several Arab countries are also reportedly in support of targeting Iranian energy infrastructure.
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TRUMP: WILL BE INCREASING TARIFFS ON EU FOR CARS TRUCKS
TRUMP: INCREASING TARIFFS ON EU TO 25%
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TRUMP: WE ARE VERY FAR ALONG WITH A DEFINITIVE AGREEMENT CONCERNING LONGTERM PEACE WITH IRAN
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TRUMP: ALMOST ALL OF VARIOUS POINTS OF PAST CONTENTION HAVE BEEN AGREED TO BETWEEN UNITED STATES AND IRAN
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EU AT RISK OF STAGFLATION FROM IRAN WAR
The Iran war threatens stagflation in the EU, says Economy Commissioner Valdis Dombrovskis. Short-term energy disruptions could cut growth by 0.4 points and raise inflation by 1 point, while prolonged disruption might reduce growth by 0.6 points this year and next. The EU’s November forecast projected 1.4% growth for 2026. Dombrovskis warned of “profound uncertainty” and stressed these figures are scenario-based, not predictions, but acknowledged the risk of a stagflationary shock to the bloc’s economy.
