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President Trump said his administration had had “very good talks” with Tehran in the last 24 hours. An Iranian official said an American plan to end the war was under review. Israel struck targets near Beirut.
Tehran says it can endure the pain, but its oil may soon have nowhere to go.
China’s top diplomat also warned against the restarting of hostilities as he met with Iran’s foreign minister. The U.S. has urged China to pressure Iran to reopen the waterway.
Prime Minister Sanae Takaichi is attempting to raise Japan’s profile at a time when China’s clout is rising and doubts about the United States are spreading.
The president is trying to ratchet up the economic pressure on Tehran, but Iran’s government is unlikely to make a deal without a big, face-saving compromise.
Nothing was disclosed about the peace plan, and there were conflicting signals from the Iranians about how seriously they were taking it.
Emmanuel Macron, the French president, hopes the Strait of Hormuz can reopen even before the U.S.-Iran war formally ends. His plan has many pitfalls.
Shipping, taxes, competition and environmental regulations all play a part in the cost of gasoline. That can lead to stark differences in pump prices.
The White House is turning to rhetorical leaps as President Trump tries to put the biggest political crisis of his presidency behind him.