Iran has reportedly presented the United States with a new peace proposal, according to Axios. The proposal agrees to reopening the Strait of Hormuz, ending the war, and delaying nuclear negotiations. Only after the Strait is operational and the naval blockade lifted will nuclear talks commence. Reports suggest Donald Trump will host a situation room meeting first thing Monday to discuss Iran's offering, amid sudden progress overnight.
Key Developments
Iranian Chief Justice Orders Investigation into SIM Cards
Iran's Chief Justice Gholam-Hossein Mohseni-Eje'i has ordered an investigation into the distribution of 'Pro Internet' SIM cards that allow users to bypass the state-imposed internet blackout. According to Iran International, these SIM cards were meant for a small number of eligible individuals but have ended up on the black market, sold without government approval. The SIM cards have been given mostly to pro-government activists, while tens of millions of Iranians remain digitally cut off. The blackout, which began on February 28, is now the world's longest state-imposed internet blackout, marking 59 days without internet as per NetBlocks.
Goldman Sachs Raises Oil Price Forecast
Investment bank Goldman Sachs has raised its oil price forecast for Q4 2026 to $90 per barrel for Brent Crude Oil, with WTI Crude at $83 per barrel, due to an "unprecedented supply shock" from the steep decline in Middle East oil production.
Iran's Foreign Minister Arrives in Russia for Peace Talks
Iranian Foreign Minister Abbas Araghchi has arrived in Russia for peace talks, landing in Saint Petersburg on Monday morning. He will travel to Moscow to meet President Vladimir Putin for discussions on the Middle East situation, confirmed by a Russian foreign ministry official and Kremlin spokesman Dmitry Peskov.
Details of the Peace Proposal
Iran's new proposal aims to bypass internal disagreements on nuclear concessions. Peace talks have stalled due to Iran's refusal to meet US demands on uranium enrichment. Reaching a deal on the Strait of Hormuz and lifting the naval blockade would leave President Trump with little leverage to push Tehran to surrender its nuclear program, a key objective of the US.
Oil Prices Jump After Failed Talks
Oil prices rose nearly two percent on Sunday after a second failed attempt at peace negotiations. Brent oil reached $107.89 per barrel, while US crude surged to $96.63 per barrel, a 2.17% increase.
Iran Claims Trump Shooting Was Hoax
Iranian state media Tasnim and Fars News have claimed that the attempt on Donald Trump at the White House Correspondents' Dinner was a pre-planned hoax orchestrated by Trump, using a video dubbed 'Operation Epic Deception'.
Oman Calls for Diplomacy on Strait of Hormuz
Oman's Foreign Minister Badr Albusaidi stated that "diplomacy is required" to ensure lasting freedom of navigation in the Strait of Hormuz, after discussions with his Iranian counterpart. He emphasized the shared responsibility of littoral states and the urgent humanitarian need to free seafarers.
UK Official Warns of Higher Prices for Eight Months
Chief Secretary to the Prime Minister Darren Jones suggested that higher energy, food, and flight prices could persist for eight months after the conflict ends. He noted that the economic impacts would come as "price pressure" and that the government is working to help people through difficult times.
Trump Says Iran Can Call to Negotiate
Donald Trump stated that Iran can call the US if it wants to negotiate, saying "If they want to talk, they can come to us or they can call us." He expressed belief that the war would end "very soon" with a US victory.
Iranian MP Says Strait of Hormuz Won't Return to Pre-War State
Senior Iranian lawmaker Ali Nikzad declared that the Strait of Hormuz will not return to its previous state, as per orders from the Islamic revolution's leader. Restrictions on shipping have been in place since the war began on February 28.
Starmer and Trump Discuss Strait of Hormuz
UK Prime Minister Keir Starmer and Donald Trump discussed the urgent need to restore shipping in the Strait of Hormuz during a call. Starmer shared progress on his joint initiative with French President Macron to restore freedom of navigation.
Fire at RAF Fairford
A fire broke out at RAF Fairford in Gloucestershire, used by the US military. No injuries were reported, and no RAF aircraft were damaged. The facility has been used for US bomber operations against Iran.
Trump: Shooting Won't Deter Me
Donald Trump said the shooting at the White House Correspondents' Dinner would not deter him from winning the war in Iran, stating, "It's not going to deter me from winning the war in Iran."
