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US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent have both expressed a need for China to leverage its tight relations with Tehran to reopen the strategic Strait of Hormuz for “their own interests”.
Iran War
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California has finally won its drawn-out battle against fossil fuels.
Gov. Gavin Newsom, Democrat politicians, eco-activists, and the elite media have long made the oil firms the enemy and made them a target of regulatory attack. A few examples:
Well, the state may have won the war…as the last California-bound oil tanker to pass through the Strait of Hormuz since war erupted is now offloading its shipment at the Port of Long Beach.
The New Corolla loaded up in Iraq on Feb. 24 — just days before U.S. and Israeli forces launched attacks on Iran, plunging the region into turmoil and sparking a double blockade of commercial shipping.
In two weeks, the Hong Kong-flagged tanker will have fully unloaded at the Marathon Petroleum terminal and departed again for distant waters. After that, California must figure out how to replace some 200,000 barrels of oil a day that will no longer be arriving from the Persian Gulf.
California’s own supply of crude oil has been declining since the 1980s, due to aging fields and a geology that makes drilling particularly costly. The state’s gasoline refining capacity is also falling off, increasing reliance on imports and highlighting California’s status as an isolated energy island without gas pipelines to bring in supply from other states.
Today’s cover: Last oil tanker out of Hormuz arrives at California port — with no sign of next shipment. https://t.co/9UrbcdmnRq
Subscribe for home delivery: https://t.co/okw0bmjSRS pic.twitter.com/E5ZN7gg4px
— California Post (@californiapost) May 4, 2026
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Donald Trump told a room full of children that Iran was “two weeks away” from killing them during a rant on the war before going on to mock their dreams and aspirations.
The bizarre moment came during a string of inappropriate comments as he veered off script during a White House sports event.
Surrounded by children and professional athletes in the Oval Office, Trump quickly passed over great sporting accomplishments in the United States, such as America 250 this summer and the World Cup’s ticket numbers, to war.
He said: “We have to make a journey down to Iran to take their nuclear weapon.
“They would’ve had a nuclear weapon within two weeks.
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Europe is weeks away from crossing a critical threshold that represents a severe and immediate shortage of jet fuel, triggering many more flight cancelations and even the possible closures of smaller airports.
A new Goldman Sachs research report estimates that Europe’s commercial jet fuel inventories are slated to dip below the International Energy Agency’s critical 23-day shortage threshold sometime in June. “The U.K. appears most at risk of jet fuel rationing given its large net imports,” the report argued.
The threshold doesn’t mean Europe will run out of fuel supplies 23 days from that point—that would only occur without any replenishments. But it does mean global crude and fuel supplies are running dryer each day from the ongoing closure of the Strait of Hormuz amid the war in Iran. Europe could, for instance, dip below a more dire 20-day limit by July, resulting in more drastic rationing, and maybe 15 days by August.
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IRAN has blasted drones and missiles at the UAE for the second day in a row as the ceasefire in the Middle East is stretched to its limits.
It comes as Donald Trump tries to force open the Strait of Hormuz with “Project Freedom”.
Iran chillingly warned it was “just getting started” after unleashing a barrage of missiles towards the UAE yesterday.
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The war with Iran has once again raised questions about Washington’s ability to prioritize its interests in East Asia and particularly to manage intensifying competition with Beijing. Furthermore, the war and the closure of the Strait of Hormuz have presented American and Chinese leaders with new challenges and potential opportunities, as they respond to the war’s global impacts. We asked five experts to address how the war is shaping competition between Washington and Beijing.
Trump says he has paused effort to guide vessels from the Strait of Hormuz – National– globalnews.ca
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President Donald Trump said on Tuesday evening that he is pausing the U.S. effort to guide stranded vessels out of the Strait of Hormuz to allow time for a deal to end the Iran war, but that the American forces’ blockade of Iranian ports would remain in place.
Trump announced the decision in a social media post, saying the effort — which started on Monday in the vital waterway for global energy — would pause for a short period to see whether an agreement with Tehran on ending the war in the Middle East could be finalized.
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U.S. President Donald Trump said that Iran will be bombed “at a much higher level” if it doesn’t agree to a peace deal.
The president said the war “will be at an end” if Iran agrees to the proposals, meaning the Strait of Hormuz “will be open to all.”
His post on Truth Social came after markets reacted to an Axios report that the U.S. and Iran were close to an agreement that would bring their two-month war to an end.
The outlet reported on Wednesday that Washington expects responses from Tehran on several key points to form the basis of a one-page memo within the next 48 hours.
Oil prices fell sharply in response, while U.S. stock futures, equities listed in Europe and global sovereign bonds rallied.
In his Truth Social post, the president warned that if Iran did not agree to a deal, “the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before.”
Before the post, a Pakistan government official told MS Now: “The prospect of a proposal to end the war is very likely in the coming days.”
A spokesperson for Iran’s foreign ministry told CNBC earlier on Wednesday they were “evaluating” a 14-article peace proposal from the U.S.
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President Donald Trump revived talk of the United States smuggling arms to the Iranian people for the purpose of fighting the regime, suggesting that weapons were already on their way.
Talk of arming the Iranian people died down after speculation in the first weeks of hostilities, with Trump claiming weapons were sent, but that the Kurds took them all. In a Monday interview on the Hugh Hewitt Show, Trump openly labored over the question of whether to arm the Iranian people when asked if he was encouraging the public to protest, bringing up the January crackdown that saw the massacre of tens of thousands of protesters by the government.
“Well, look, the problem is you can’t — if you have five people with a gun, and 250,000 [without], the five people with a gun, assuming it’s used fast enough, which they do… they’re going to win. They have to, they don’t have weapons,” Trump said.
He then brought up the thousands of unarmed protesters who were killed in December and January.
“They lost 42,000, to be exact. 42,000 people in about a two-week period. Protesters, innocent, unarmed protesters,” Trump said. “So we’re not dealing with, you know, your typical people.”
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The leader of the Iranian-backed Hezbollah has reiterated the group’s rejection of an ongoing ceasefire between Israel and Lebanon that was brokered by the U.S.
“There is no ceasefire in Lebanon, but rather continuous Israeli-American aggression,” declared Secretary General Sheikh Naim Qassem in a written statement Monday, vowing that Hezbollah would “remain patient and continue to resist.”
The Hezbollah chief argued that Israel “has not implemented a single step of the agreement, violating it more than 10,000 times, killing 500 civilians, wounding hundreds, destroying thousands of homes and livelihoods, and displacing people from their villages.”
Israel’s on-and-off war with Hezbollah escalated dramatically two days after Israel and the U.S. launched their joint strikes on Iran, on Feb. 28. A barrage of Israeli airstrikes on southern Lebanon and around the capital Beirut was followed by an ongoing ground invasion.
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- The US fights to reopen the Strait of Hormuz as the UAE comes under attack in a test of Iran truce AP News
- U.S. Warns China Over Iranian Oil as Sanctions Fight Intensifies The New York Times
- Iran issues threat after Trump plans to guide ships through Strait of Hormuz Fox News
- Attacks in Strait of Hormuz, Gulf region imperil fragile U.S.-Iran ceasefire The Washington Post
- Trump news at a glance: Middle East tensions back to the brink with president’s new threats against Iran The Guardian
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British maritime risk management group Vanguard said authorities would investigate whether the damage might have been caused by an attack, a drifting sea mine or another external object.
In response to the incident, South Korea’s Ministry of Oceans and Fisheries said on Tuesday it had asked Korean vessels in the area to move to safer locations and said authorities were in close communications with shipping companies and stranded vessels.
The South Korean government has said 26 South Korean-flagged vessels were stranded around the Strait of Hormuz.
In a post on the Truth Social platform, Trump said Iran had fired shots at the ship and other targets as the US launched an operation seeking to open the Strait of Hormuz to shipping.
He suggested it could be time for South Korea to join his new effort to help guide stranded ships through the waterway typically used to carry about a fifth of the world’s oil and liquefied natural gas supplies.
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The U.S. military on Monday denied claims that Iran struck a U.S. Navy vessel as American forces now offer to guide commercial ships through the Strait of Hormuz, where hundreds have been stuck since the Iran war began. Tehran has blocked vessels that don’t receive its authorization.
Iranian news agencies, including the semiofficial agency Fars and the Iranian Labour News Agency, claimed that Iran had struck a U.S. vessel near an Iranian port southeast of the strait, accusing it of “violating maritime security and navigation norms.” The reports said the vessel was forced to turn back.
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As May 2026 unfolds, the world’s attention is fixed on a high-stakes diplomatic theater. By mid-May, President Donald Trump is slated for a pivotal two-day state visit to Beijing. This visit comes at a time when the Middle East is on a knife-edge.
The geopolitical landscape is defined by a grueling stalemate: the Strait of Hormuz remains largely closed by Iran in retaliation initially for the U.S.-Israeli air strikes, and now a persistent U.S. naval blockade that has strangled the Iranian economy for weeks.
While indirect negotiations between Washington and Tehran continue via Pakistani and Omani mediators, the “ground truth” remains volatile. Despite a shaky ceasefire, the Islamic Revolutionary Guard Corps continues to broadcast defiance, signaling no intention of dismantling its nuclear enrichment facilities or its sophisticated ballistic missile program. At this critical juncture, the question isn’t just whether Trump can negotiate with Iran, but whether he can leverage China to force Tehran’s hand.
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Defense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Caine are holding a news conference Tuesday morning as the ceasefire in the Iran war faces serious tests. U.S. Navy destroyers on Monday fended off a sustained barrage of Iranian missiles, attack drones and small boats as they helped two commercial vessels transit the Strait of Hormuz.
“Iran cannot be allowed to block innocent countries and their goods from an international waterway,” Hegseth said at the news conference.
Hegseth noted that Project Freedom, the U.S. guiding of commercial vessels in the Strait of Hormuz, is “separate and distinct from Operation Epic Fury.” He called the operation a “temporary solution” for the U.S., saying “the world needs this waterway more than we do.”
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Iran is accusing the U.S. of violating the fragile ceasefire agreement between the two countries after President Trump directed the U.S. Navy to ensure the safe passage of commercial ships through the Strait of Hormuz. “The new equation of the Strait of Hormuz is in the process of being solidified,” Iran’s Parliament Speaker Mohammad Bagher…
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… A ceasefire by U.S. President Donald Trump appears to be on shaky ground after Iran launched strikes against the United Arab Emirates. The U.S. Central Command said it sank six Iranian small boats in the Strait of Hormuz.
Trump later escalated the rhetoric, telling Fox News that Iran will be “blown off the face of the earth” if it targets U.S. ships that are protecting commercial vessels transiting the strait.
He also called on South Korea to support U.S. efforts after he claimed a South Korean cargo ship had come under fire from Iran. Seoul had not publicly responded as of the time of writing.
These developments have spooked investors. International benchmark Brent crude futures rose nearly 6% to settle at $114.44 per barrel, while all three major U.S. stock indexes dipped.
Some analysts are sounding the alarm, warning that global economies could be “sleepwalking” into a “big recession”, as investors continue to underestimate the impact of the oil price shock, according to Amrita Sen, founder and director, market intelligence at Energy Aspect.
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Tuesday morning, President Trump did a brief telephone interview with Joe Kernen of CNBC’s Squawk Box. The subject was Trump’s prognosis for how the negotiations would proceed.
President Trump doesn’t seem to have high hopes. He points out that even though the Iranian leadership has stated it would not attend the new round of negotiations in Islamabad, it is participating, so long as the U.S. continues to blockade Iranian ports. Trump did not back off (see VIDEO: USS Spruance Lights Up Iranian Blockade Runner in a Formidable Demonstration of FAFO – RedState) and yet here we are. He frames their attendance as being under duress, “[T]hey just got the okay to go forward, which I knew they were going to do anyway. I mean, I don’t think they had a choice. They have to negotiate.”
Trump lays out a stark choice for Iran: “And you know, the one thing I’ll say is this: Iran can get themselves in very good footing. If they make a deal, they can make themselves into a strong nation again, a wonderful nation again. They have incredible people, but they seem to be, you know, bloodthirsty. They’re led by some very, very unfortunately tough people. And I don’t mean tough in a good way. I think it’s very negative for the country because we’re much tougher than they are — like not even close. But they have to use reason and they have to use common sense, and they can get themselves into a great position to make themselves into a great country, but a legitimate country, not a country based on death and horror.”
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Former U.S. Ambassador to the U.N. Nikki Haley: The ship the U.S. seized in the Strait of Hormuz this weekend was headed from China to Iran and is linked to chemical shipments for missiles. It refused repeated orders to stop. Another reminder that China is helping prop up Iran’s regime—a reality that can’t be ignored (Haley).
Wall Street Journal: The Iranian cargo ship seized by U.S. forces in the Gulf of Oman this weekend is part of a fleet that often sails to China, one of Tehran’s most important backers—and includes vessels that have been accused of transporting chemicals for Iran’s ballistic-missile program. The ship, the MV Touska, visited the southern China port of Zhuhai twice in the six weeks before it was intercepted Sunday on its way to the Iranian port of Bandar Abbas, according to shipping analysts. The Touska ignored six hours of warnings from the USS Spruance, a guided-missile destroyer, according to the Pentagon
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An Iranian tanker called “Silly City” successfully reached the country’s waters despite a naval blockade and threats from a US Navy task force. According to reports from local media, the vessel reached a southern Iranian port overnight after passing through the Arabian Sea with full security and operational support from Iran’s navy.
“Despite numerous warnings and threats from the US Navy Fleet Group, the Iranian oil tanker Silly City, with the operational support of the Iranian Navy and in full safety, entered Iran’s territorial waters last night after crossing the Arabian Sea,” the Iranian military said in a statement on Tuesday.
Shipping industry intelligence site Lloyd’s List reported that more than 20 Iranian so-called “shadow vessels” had transited past the US blockade
The Strait of Hormuz in peacetime sees around 120 daily transits, according to the site.