US seized $1 billion in Iranian crypto, Scott Bessent says; claims Tehran facing financial crisis US Treasury Secretary Scott Bessent announced the seizure of approximately $1 billion in Iranian cryptocurrency assets as part of "Operation Economic Fury." This economic pressure campaign, combined with military actions, has severely weakened Iran's financial standing, leading to salary shortages and surging inflation. Bessent highlighted efforts to disrupt Iran's financial… The Economic Times · May 30
Gulf's other war: Inside UAE's hidden role behind strikes on Iran despite ceasefire — Report The UAE's involvement in the Middle East conflict was deeper than previously known, with coordinated strikes on Iran, including energy facilities, even after an April ceasefire. These actions exposed divisions within the Gulf, as Saudi Arabia expressed concerns about escalating risks to regional energy supplies and global markets. The Times of India · May 30
Trump insists on red lines as Iran deal remains elusive US President Donald Trump stated he will only agree to a peace deal with Iran if all his conditions are met, including Iran never possessing nuclear weapons and reopening the Strait of Hormuz. However, Iran insists no final agreement has been reached, with reports disputing key elements of Trump's characterization… The Economic Times · May 30
Strait of Hormuz ship transits are rising thanks to help from US Shipowners are showing increased optimism for traffic through the Strait of Hormuz, with US forces providing navigational advice to vessels. Recent transits, some with satellite transponders off, suggest a potential boost in trade flow. This comes amid hopes for a broader reopening of shipping routes tied to a potential US-Iran… The Economic Times · May 30
US sanctions Iran-linked buyers of sensitive military technology The United States has dismantled an Iranian network that defrauded American tech companies out of millions to acquire sensitive military technology. The network, led by Ali Majd Sepehr, used fake websites and intermediaries to smuggle advanced equipment into Iran, violating US sanctions. This action follows a $15 million reward announcement… The Economic Times · May 30
Americans have paid an additional $59 billion in inflated fuel prices since Trump started his Iran war The extra $450 spent by each US household has already eaten up this year’s $380 increase in the average tax refund The Independent UK · May 30
‘Tehran said goodbye to “must” 47 years ago’: Iran rejects Trump’s claims of imminent deal Iran stated no final ceasefire understanding has been reached, rejecting external pressure and asserting self-determination. This follows US President Trump's claim of lifting a naval blockade in the Strait of Hormuz. Iran described US maritime measures as illegal and inconsistent with the ceasefire, emphasizing that actions, not words, will determine… The Economic Times · May 30
The Times of India · May 29 Trump will accept only Iran deal that meets his red lines: White House official after 2-hour meeting President Trump has yet to approve a proposed deal with Iran, emphasizing that any agreement must meet his conditions, including preventing Iran from acquiring nuclear weapons. While discussions continue, Iran denies negotiating under US dictates. The uncertainty impacts energy markets, with regional tensions also escalating between Iran, the US, and…
AAP · May 29 Trump ponders whether to move forward with Iran deal but hasn't yet decided U.S. President Donald Trump met with his advisers for about two hours but has not yet made a decision on whether to move forward with a deal to extend the Iran ceasefire and reopen the Strait of Hormuz
Barchart · May 29 Wheat Falls into the End of the Month The wheat complex fell double digits across most contracts on Friday. Crude Oil was a pressure factor, down $1.14/bbl, money was flowing out ahead of the weekend, with the President looking over the proposed agreement between the US and Iran. Chicago SRW futures were down 10 to 13 cents in...
International Business Times UK · May 29 US Draft Peace Deal with Iran Includes '$300 Billion' Reconstruction Fund as Trump Withholds Final Signature A draft US-Iran agreement includes a $300 billion fund for Iran, rebranded as an 'investment fund' to avoid political backlash, amid ongoing negotiations and unresolved issues.
France 24 · May 29 Trump says he’s making final decision on Iran deal as Tehran slams ‘mixture of truth and lies’ US President Donald Trump on Friday said he would be making a final decision on a potential deal to end the US-Israeli war against Iran ahead of a high-security meeting in the White House Situation Room. But after more than two hours of deliberations, no decision has yet been forthcoming.