27 days · 6 summary articles
The fragile ceasefire between Iran and the United States entered its 100th day on Sunday as Tehran warned of a "full force" response to any further attacks, while Washington considered redirecting billions in frozen Iranian assets to compensate Gulf states for damages caused by Tehran’s escalating aggression. Iranian Foreign Ministry spokesman Esmail Baghaei told CNN that the main obstacle in negotiations remains Washington’s refusal to recognize Iran’s right to uranium enrichment, a demand Tehran insists is non-negotiable. Meanwhile, U.S. Secretary of State Marco Rubio told Congress that sanctions relief or access to frozen funds would not be granted solely for reopening the Strait of Hormuz, though analysts note a potential loophole in his wording .
The escalation follows repeated U.S. strikes on Iranian commercial vessels in the Strait of Hormuz and international waters since the ceasefire took effect, actions Tehran describes as "reckless" and destabilizing. On Saturday, U.S. forces shot down two Iranian attack drones over the strait, further straining already tense relations . Iran has retaliated by imposing transit fees on vessels passing through the Hormuz, charging between $1.5 million and $2 million per ship, according to parliament member Zangeneh, with payments accepted in cash, Tether (USDT), or barter arrangements .
The economic fallout is intensifying. While oil prices have not yet surged to the $200-per-barrel levels some analysts predicted, the crisis has handed U.S. oil firms an estimated $60 billion in additional profits next year, according to Rosneft CEO Igor Sechin, who accused American companies of exploiting the disruption . Meanwhile, global leaders are growing increasingly alarmed. Pope Leo XIV publicly challenged the moral justification for the U.S.-Israeli campaign against Iran, declaring that the centuries-old "just war" theory no longer applies to modern conflicts .
Efforts to broker a resolution are underway. Pakistani Interior Minister Mohsin Naqvi arrived in Tehran on Saturday for talks with Iranian Foreign Minister Abbas Araghchi, seeking to break the deadlock in negotiations . Yet the window for diplomacy remains narrow. A U.S. Treasury team, led by Secretary Scott Bessent, is evaluating the cost of damages inflicted by Iran on Gulf allies, with plans to redirect frozen Iranian assets—including seized ships—to fund reconstruction efforts .
As the conflict grinds on, domestic pressures are mounting. A Financial Times poll released Sunday found voters increasingly blaming President Trump for rising inflation and grocery prices, with the Iran war deepening public discontent . The crisis shows no signs of abating, leaving the region—and the world—on edge.
Follow us for live European news