USIran

Donald Trump gives conflicting messages on prominence of Iran war in upcoming talks, with his administration emphasising trade.

United States President Donald Trump has departed the White House en route to Beijing, where he will meet with his Chinese counterpart Xi Jinping.

Trump spoke briefly with reporters on Tuesday as he boarded the Marine One helicopter. He was then set to arrive in China aboard Air Force One on Wednesday, ahead of the planned meetings on Thursday and Friday.

United States officials have taken pains in recent days to downplay how big a topic the US-Israel war on Iran will be during Trump’s visit.

Beijing has made its opposition to the war clear, at times asserting behind-the-scenes pressure on its trading partner Iran. However, it has largely avoided being pulled into the fray.

In recent days, US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent have stepped up their calls for China to use its influence to help reopen the Strait of Hormuz, through which about 20 percent of the world’s oil supply flowed before the war began.

But Trump again gave conflicting messages on Tuesday about how much the war would feature in his meetings in China.

“We’re going to have a long talk about it. I think he’s been relatively good, to be honest with you,” Trump said of his plans to discuss the conflict – and how it has roiled global oil markets – with Xi.

Minutes later, he added, “We have a lot of things to discuss. I wouldn’t say Iran is one of them, to be honest with you, because we have Iran very much under control.”

“I don’t think we need ⁠any help with Iran. We’ll win it one way or the other, peacefully or otherwise,” he said.

Trade to loom large

The upcoming meetings will be the first face-to-face exchanges since the leaders of the world’s two largest economies met on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Busan, South Korea, in October 2025.

It is the second time Trump will travel to China as president, and the first time since his second term began on January 20, 2025. Xi is expected to travel to the US later this year.

Beyond the war, the US administration has stressed that trade will be a top subject discussed, with Trump seeking a series of business deals and agreements.

Underscoring that initiative, Trump invited an array of US business leaders to accompany him on the trip, including Tesla CEO Elon Musk, who had previously chaired Trump’s so-called Department of Government Efficiency (DOGE), and Apple CEO Tim Cook.

Both sides are expected to seek to avoid a return to the tariff war that defined Trump’s early days in office, which saw Trump set tariffs on Chinese goods at 145 percent, while China announced a further tightening of rare-earth export controls that would have hurt US industry.

The two sides reached a fragile truce in October of last year.

China’s continued support for Iran’s ballistic programme and its defence of Tehran’s nuclear programme has also risked again derailing relations.

Last month, Trump threatened to impose a 50 percent tariff on China after reports that Beijing was preparing to deliver a shipment of new air defence systems to Iran. He later backed away from the threat, claiming that he had received written assurance from Xi that he would not provide Tehran with weaponry.

Days later, Trump said that the US Navy had intercepted a Chinese vessel carrying a “gift” for Iran. Neither side offered further details of the incident.

Xi was also expected to push Trump on US arms sales to Taiwan, the self-governing island that China claims as its own.

A fragile ceasefire in the US-Israel war on Iran is coming under growing strain as several Gulf countries have reported drone attacks.

Qatar said on Sunday that a drone struck a cargo ship in Qatari waters, sparking a fire, while Kuwait and the United Arab Emirates said they repelled drone attacks.

Though no Gulf country reported casualties in the latest attacks, they have put pressure on the fragile ceasefire, which took effect on April 8.

Qatar’s Ministry of Defence said the freighter had been arriving in the country’s waters from the UAE capital, Abu Dhabi, and was hit by a drone northeast of the port of Mesaieed.

“The vessel continued its journey toward Mesaieed Port after the fire was brought under control,” the ministry said.

The United Kingdom Maritime Trade Operations (UKMTO) said a bulk carrier reported being struck by an “unknown projectile”, and a small fire had been extinguished, but there were no casualties from the incident. “There is no reported environmental impact,” it said.

Kuwait’s Defence Ministry said a “number of hostile drones” were detected in the country’s airspace at dawn. In a post on X, a spokesperson said the drones were dealt with “in accordance with established procedures”, but did not specify where the drones were launched from.

The UAE Defence Ministry said two Iranian drones were intercepted.

“UAE air defence systems successfully engaged two UAVs launched from Iran,” the ministry said in a statement on X.

Ceasefire tested

The Trump administration has said the truce is still in effect, but a naval battle has been taking place in the Gulf region, with Iran restricting traffic through the Strait of Hormuz, a strategic waterway through which a fifth of traded oil transited before the war, and the United States imposing a blockade of Iranian ports.

Several attacks have been reported on ships in the Gulf and the countries in the region over the past week.

On Friday, the US struck two Iranian oil tankers, saying they were trying to breach its blockade of Iran’s ports.

On Tuesday, the UAE said it came under attack from Iranian missiles and drones for the second day in a row. Iran’s Islamic Revolutionary Guard Corps (IRGC), however, denied the claim.

The IRGC Navy on Sunday reiterated its warning that any attack on Iranian oil tankers or commercial vessels would be met with a “heavy assault” on one of the bases in the region used by US forces and enemy ships.

The spokesperson for the Iranian parliament’s foreign policy and security committee, Ebrahim Rezaei, said Tehran’s “restraint is over”.

“Any aggression against our vessels will be met with a heavy and decisive Iranian response against American vessels and bases,” Rezaei wrote on X.

“The clock is ticking against the Americans’ interests; it is to their benefit not to act foolishly and sink themselves deeper into the quagmire they have fallen into. The best course is to surrender and concede concessions. You must get used to the new regional order,” he added.

Talks to end the war

While the truce remains in effect, President Donald Trump has repeatedly threatened to resume the US bombardment if Iran does not accept a deal which includes reopening the Strait of Hormuz and rolling back its nuclear programme.

Iran is still mulling its response to a 14-point proposal by Washington, with Iranian frozen assets and war reparations among other main sticking points.

In a meeting with US Secretary of State Marc Rubio on Saturday, Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani pushed for all parties to respond to the ongoing mediation efforts and to reach an agreement for lasting peace.

Qatar’s prime minister also held a phone call with Iran’s Foreign Minister Abbas Araghchi, the Qatari foreign ministry reported on Sunday.

Sheikh Mohammed told Araghchi that Iran’s use of the Strait of Hormuz as a “pressure card” would only deepen the crisis in the Gulf, and said all parties in the conflict should respond to mediation efforts to end the war.

Reporting from Tehran, Al Jazeera’s Tohid Assadi said when it comes to diplomatic engagement, it seems that the US and Iran want the content of any negotiations to remain private.

Meanwhile, there is a mixture of different sentiments among Iranian citizens, he noted.

“Since the early days of the war, people have gathered to show their sense of nationalism and support for the political establishment,” he said.

“But we also know that there is a sense of frustration, especially when it comes to soaring prices and economic difficulties,” he added.

At a meeting on the reconstruction after damage caused by the war, President Masoud Pezeshkian said negotiations with the US on ending the war do not mean Iran is surrendering.

“The goal is to realise the rights of the Iranian people and defend national interests with authority,” he said.

Available for over a year

Today, US Defence Secretary Pete Hegseth says the US-Iran ceasefire “is not over”, despite attacks in the Strait of Hormuz on Monday.

Donald Trump’s “Project Freedom” aims to use the US military to guide stranded cargo ships out of the Strait of Hormuz. But, Iran insists that it controls the strait – and yesterday fired missiles and drones at military and commercial ships, according to the US. Adam is joined by chief presenter Caitriona Perry and business editor Simon Jack.

And, Prime Minister Sir Keir Starmer has said “every part of society” has a responsibility to tackle antisemitism in the UK at a summit in Downing Street. It comes after the stabbing of two Jewish men in Golders Green and a string of attacks at synagogues and other Jewish sites in recent months. Adam and Alex speak with special correspondent Lucy Manning.

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Published on
27/04/2026 – 8:27 GMT+2

Germany’s Dax, France’s CAC 40, Italy’s FTSE MIB and the UK’s FTSE 100 are expected to open in the green, according to IG data, despite peace talks between the US and Iran coming to a halt.

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The White House called off plans to send envoys to Pakistan for more negotiations and US President Donald Trump cited a lack of progress over the weekend.

“If they want, we can talk but we’re not sending people,” Trump told Fox News on Sunday. He said earlier on social media: “All they have to do is call!!!”

In addition to monitoring progress in the Middle East, investors will also be keeping across central bank decisions this week, including from the ECB and Federal Reserve.

Asia-Pacific markets mixed

Meanwhile, markets were mixed overnight in the Asia-Pacific region. Tokyo’s Nikkei 225 index hit a fresh record, surging 1.4% to 60,564.18. The Kospi in South Korea jumped 2.1% to 6,617.94. Hong Kong’s Hang Seng index edged 0.1% lower to 25,951.86 and the Shanghai Composite index was up 0.2% at 4,089.04. Australia’s S&P/ASX 200 slipped 0.3% to 8,759.40.

Taiwan’s Taiex rallied 2.6%, helped by a revival of buying of tech shares driven by the boom in artificial intelligence.

Oil prices rise again

In other dealings early Monday, the price for a barrel of Brent crude to be delivered in July, rose $1.44 to $100.57, while US benchmark crude oil added $1.28 to $95.65.

The dollar fell to 159.34 Japanese yen from 159.59. The euro climbed to $1.1723 from $1.1701.

Brent crude rises more than 2 percent after Washington and Tehran fail to hold second round of talks in Pakistan.

Oil prices have climbed higher amid stalled peace talks between the United States and Iran.

Brent crude rose more than 2 percent on Sunday after hopes for a second round of ceasefire negotiations between Washington and Tehran unravelled over the weekend.

After easing slightly, Brent, the primary benchmark for global prices, stood at $106.99 as of 1:30 GMT.

Stock markets in Asia shrugged off the impasse to open higher on Monday, with Japan’s benchmark Nikkei 225 and South Korea’s KOSPI gaining 0.9 percent and 1.5 percent, respectively, in morning trading.

US President Donald Trump on Saturday cancelled a planned trip to Pakistan by his envoys, Steve Witkoff and Jared Kushner, after Iranian Minister of Foreign Affairs Abbas Araghchi departed Islamabad before any direct engagement could take place between the sides.

Araghchi arrived in Russia’s Saint Petersburg on Monday for talks with Russian President Vladimir Putin and other officials as Tehran seeks a way out of the diplomatic impasse.

Araghchi’s trip, which follows a whistle-stop visit to Oman on Sunday, comes as uncertainty hangs over the fragile ceasefire between Washington and Tehran.

Trump announced an extension to their two-week truce last week, without specifying a deadline for reaching a deal to end the war.

As US and Iranian negotiators struggle to break the deadlock, Tehran’s threats against commercial shipping in the Strait of Hormuz have reduced traffic to a trickle, paralysing a large portion of the world’s supply of oil and natural gas.

On Saturday, 19 commercial vessels transited the strait, which normally carries about one-fifth of global oil and natural gas supplies, according to maritime intelligence platform Windward.

Before the US and Israel launched their war on Iran in late February, the waterway saw an average of 129 daily transits, according to the United Nations Trade and Development.

United States President Donald Trump has cancelled a planned visit to Pakistan by his envoys Steve Witkoff and Jared Kushner, who had been expected to explore indirect talks, which remain deadlocked over issues that include the blockade of the Strait of Hormuz.

“If they want to talk, all they have to do is call!!!” Trump wrote on his social media platform Truth Social on Saturday, signalling that Washington for now would not send negotiators to Pakistan, the country that is mediating between the longtime adversaries.

With neither Washington nor Tehran showing much willingness to soften their positions, prospects for a diplomatic breakthrough in the US-Israeli war on Iran and securing a lasting ceasefire remain stalled.

The conflict spilled into the larger Middle East region, including Lebanon, causing the worst global energy crisis since the 1970s and risking a global recession.

So what do we know about the talks and where they stand as of now?

What has the US said?

The US president on Saturday told reporters in Florida that he scrapped his envoys’ visit because the talks involved too much travel and expense to consider an inadequate offer from the Iranians.

After the diplomatic trip was called off, Iran “offered a lot, but not enough”, Trump said.

On Truth Social, he wrote that there was “tremendous infighting and confusion” within Iran’s leadership.

“Nobody knows who is in charge, including them,” he posted. “Also, we have all the cards, they have none! If they want to talk, all they have to do is call!”

What has Iran said?

In Tehran, Iranian President Masoud Pezeshkian reiterated that his government will not enter negotiations while the US maintains a blockade on Iranian ports.

In a phone call with Pakistani Prime Minister Shehbaz Sharif on Saturday night, Pezeshkian said Washington “should first remove operational obstacles, including the blockade,” before any new talks can begin, according to the ISNA and Tasnim news agencies.

Meanwhile, during his visit to Islamabad on Friday, Iranian Foreign Minister Abbas Araghchi held separate meetings with Pakistan’s army chief, Field Marshal Asim Munir, and Sharif.

In a post on Telegram, Araghchi said their discussions covered regional dynamics and Iran’s non-negotiable positions without disclosing specifics. He added that Tehran intends to engage with Pakistan’s mediation efforts “until a result is achieved”.

After departing Islamabad on Saturday, Araghchi travelled to Oman, where he discussed ways to end the conflict with Sultan Haitham bin Tariq al-Said, according to state media.

He was then scheduled to continue on to Russia. Iran’s IRNA news agency said Araghchi is expected to return to Islamabad on Sunday for additional talks.

What has Pakistan said?

Despite hardening public positions from Washington and Tehran, Pakistan’s political and military leadership is continuing to mediate, two Pakistani officials said on Sunday, according to The Associated Press news agency. They were quoted as describing the indirect ceasefire contacts as still alive but fragile.

There were no immediate plans for US envoys to return for talks, according to the Pakistani officials, who spoke on the condition of anonymity because they were not authorised to speak to the media, AP added.

Al Jazeera’s Kimberly Halkett, reporting from Islamabad, said Pakistani officials are underscoring that the expected return of Araghchi to Islamabad is seen as a “hopeful sign”.

“What they hope is that this will in fact be something that can be incremental in the process and will advance forward,” she reported.

What is happening with the ceasefire?

The US-Iran ceasefire began on April 8 after nearly six weeks of US and Israeli strikes on Iran and retaliatory Iranian attacks against Israel and across the Gulf region.

The two sides held talks in Islamabad on April 11 aimed at securing a permanent deal, but they ended after 21 hours with no breakthrough.

After repeated threats of restarting the war if Iran did not heed Washington’s demands, Trump extended the ceasefire on Tuesday without a set deadline, saying he was in no rush to conclude a peace deal with Iran.

While the truce has held for the most part, the two sides continue to accuse each other of violations.

Iranian forces, which have essentially blocked the Strait of Hormuz, have captured commercial vessels, and the US has intercepted or detained ships suspected of violating its naval blockade of Iranian ports just one week after the ceasefire went into effect.

The naval blockade is seen by Iran as a breach of the ceasefire. Tehran has warned that reopening the Strait of Hormuz is impossible as long as the blockade remains in place.

The critical waterway has become a central dispute in the conflict. One-fifth of the world’s oil and liquefied natural gas supplies were shipped through the strait, which links the Gulf to the Arabian Sea, before the war began.

Iran insists on sovereignty over the waterway, which lies within the territorial waters of Iran and Oman. It has also floated the idea of levying tolls while Washington demands full freedom of navigation. The Gulf nations, which export most of their petroleum through the strait, have opposed the Iranian plan to impose tolls.

Another key issue is the debate over Iran’s stock of enriched uranium.

The US and Israel are pushing for zero uranium enrichment and have accused Iran of working towards building a nuclear weapon while providing no evidence for their claims.

Iran has insisted its enrichment effort is for civilian purposes only. It is a signatory to the 1970 Treaty on the Non-Proliferation of Nuclear Weapons, and Tehran says it has the right to pursue a civilian nuclear programme. But according to the International Atomic Energy Agency, the global nuclear watchdog, Iran has enriched uranium to 60 percent, a level that is far higher than what is needed for civilian use.