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Police arrest protester after five-days atop Washington bridge | US-Israel war on Iran

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Police have arrested an anti-war protester after he ended a five-day sit-in atop Washington’s Frederick Douglass Memorial Bridge. Guido Reichstadter, opposed to the war on Iran, started the protest to rally others into non-violent opposition.

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What are China’s surprise gains in the war on Iran? | US-Israel war on Iran

NewsFeed

Iran’s Foreign Minister Abbas Araghchi is in Beijing, seeking support on a deal with the US, while US President Trump will be in China next week, and Iran will be on the agenda.

Why is everyone turning to China? What role is Beijing playing in the US-Israel led war on Iran?

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Russian drone hits kindergarten in Ukraine | Russia-Ukraine war News

A Russian drone strike has hit a kindergarten in Ukraine’s Sumy region, killing at least one person and injuring two others, Ukrainian officials said. The attack came as Kyiv accused Moscow of violating a unilateral ceasefire proposed by Ukraine amid competing truce announcements from both sides.

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Lufthansa posts record revenue but warns Iran war fuel costs will hit annual profit

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The surge in jet fuel prices has become a primary concern for the European travel industry, with Lufthansa finding itself at the centre of this crisis.


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According to Lufthansa’s latest earnings report, the airline expects an additional €1.7 billion ($2bn) fuel cost burden in 2026 as soaring jet fuel prices continue to weigh on the industry.

The need to avoid certain airspaces has led to longer flight times, which naturally increases consumption. These adjusted routes also require more staff hours and higher maintenance cycles, adding layers of complexity to an already strained global supply chain.

As reported by Euronews, global airlines have already cancelled approximately 13,000 flights this May, while Lufthansa alone has axed 20,000 short-haul flights through to October in a bid to cut fuel consumption.

This reduction in capacity is a direct response to the unsustainable cost of operating older, less fuel-efficient aircraft during price peaks.

While Lufthansa has managed to stay profitable, the jet fuel price spikes have forced the firm to advise passengers to book their holidays as early as possible to avoid further surcharges.

The company is currently investing heavily in its “fleet modernisation” programme to mitigate these risks in the long term, though the immediate impact of fuel volatility continues to weigh on the balance sheet.

Lufthansa remains committed to its financial targets, but the volatility of the global oil market remains the largest variable in its 2026 outlook.

“We are satisfied with the first quarter […] at the same time, the current situation compels us to rigorously examine every lever available to reduce costs, improve efficiency and mitigate risks in order to maintain our ability to act decisively. Our annual profit will likely be lower than originally anticipated,” CFO Till Streichert stated.

The Lufthansa Group has announced a landmark financial performance, revealing that it generated the highest revenue in its history in 2025. Revenue rose by 5% compared with the previous year to €39.6 billion.

According to the latest figures, the airline group also saw its operating profit grow by 20% compared with 2024, highlighting a robust recovery in passenger demand.

In the first quarter of 2026, year-on-year revenue climbed 8% despite challenges linked to the conflict involving Iran, including €1.7 billion in additional costs caused by volatile jet fuel prices and the suspension of dozens of routes.

The firm kept its capacity broadly stable with slight growth in long-haul traffic compensating for capacity reductions in short and medium-haul segments.

Lufthansa Technik and Lufthansa Cargo also significantly contributed to earnings with demand for maintenance, repair and overhaul services increasing, as well as through the marketing of ITA Airways’ cargo space.

Global demand for air travel remains high and continues to prove resilient even in times of crisis, as Lufthansa Group again expects a strong summer travel season.

“In the first quarter, we significantly improved on the previous year’s financial results […] but the ongoing crisis in the Middle East, combined with rising fuel costs and operational constraints, poses enormous challenges for the world as a whole, for global air travel and for our company as well,” CEO Carsten Spohr stated.

“However, we are resilient in our ability to absorb these impacts. This applies both to our above-average hedging against fuel price fluctuations and to our multi-hub, multi-airline strategy, which provides us with greater flexibility in our route network and fleet development,” Spohr added.

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‘Operation Epic Fury’ has ended: Is the Iran war over? | US-Israel war on Iran News

United States Secretary of State Marco Rubio told reporters on Tuesday that Operation Epic Fury – the US-Israeli strikes on Iran which commenced on February 28 and prompted a regional conflict – had concluded as its objectives had been achieved. Washington now prefers “the path of peace”, Rubio said.

On the same day, US President Donald Trump announced that the US military operation to escort stranded ships out of the Strait of Hormuz – “Project Freedom”, which was launched the day before – had been paused.

So, does this mean the US-Israel war on Iran is over?

What did Rubio say about Operation Epic Fury?

In a media briefing at the White House on Tuesday, Rubio told reporters that Operation Epic Fury was over.

“The Operation Epic Fury is concluded. We achieved the objectives of that operation,” Rubio said.

“We’re not cheering for an additional situation to occur. We would prefer the path of peace. What the president would prefer is a deal,” he said, referring to Pakistan’s efforts to arrange direct talks between Iran and the US.

The first round of these, in Islamabad last month, ended without a resolution. Both sides have submitted new proposals since then.

“The on-again, off-again talks with Iran, alongside Trump’s abrupt about turn on ‘Operation Freedom’ to guide vessels out of the Strait of Hormuz has created unwelcome frenzy in the Gulf,” Burcu Ozcelik, a senior research fellow for Middle East security at UK-based think tank Royal United Services Institute (RUSI), told Al Jazeera.

“It also reflects the highly fraught and almost frantic diplomatic backchannelling aimed to extract deep concessions from Tehran on the nuclear issue that will lock in commitments that exceed previous conditions, and which will convince the US to lift the blockade on Iranian ports and unlock sanctions relief – thereby effectively ending the war.”

Ozcelik explained that Iran, on the other hand, wants guarantees that this will be the end of the war, rather than just a pause.

What did Trump say about Project Freedom?

The same day, Trump told reporters that Project Freedom had been paused “based on the request” of Pakistan and other countries, and the “fact that Great Progress has been made towards a Complete and Final Agreement” with representatives of Iran.

Project Freedom was the US forces’ operation to escort stranded ships through the Strait of Hormuz that Trump announced the day before. It had appeared to signal a direct challenge to Iran’s closure of the strategic waterway, through which 20 percent of the world’s oil and liquefied natural gas (LNG) supplies are shipped in peacetime. Iran’s threats to attack ships in the strait have blockaded it since the US-Israel attacks on Iran began. Then, the US announcement of a naval blockade on Iranian ports added to the standoff around the strait.

After Trump announced Project Freedom, Iran said ships trying to use the strait without permission from the Islamic Revolutionary Guard Corps (IRGC) would be fired on, igniting fears of a return to war. His announcement triggered a war of words between the US and Iran, with claims and counterclaims about strikes continuing throughout the day.

First, Iran’s Fars agency claimed it had hit a US warship with drones after it ignored orders to turn back from the Strait of Hormuz. US Central Command (CENTCOM) denied a US ship had been struck, however, and instead claimed to have sunk at least six IRGC vessels. Iran denied that. Tehran then published a new map extending its claimed area of control over the strait into UAE waters, raising fears of a new regional confrontation.

The UAE accused Iran of launching strikes on its Fujairah port, the site of an important oil pipeline, which sparked a fire in an oil refinery.

On Tuesday, the US operation had been stopped, according to Trump.

“We have mutually agreed that, while the [US] Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed,” he wrote on his Truth Social platform.

Iran has not immediately responded to this.

Shahram Akbarzadeh, a professor in Middle East and Central Asian politics at Australia’s Deakin University, told Al Jazeera that while it is difficult to determine exactly why Trump has paused Project Freedom, the pause comes against the backdrop of growing antiwar public opinion in the US.

“At the same time, Trump may be losing patience with the war; he says he has time to drag this out,” Akbarzadeh said.

“But in reality, Trump has a short attention span and needs to secure a win – soon. Pausing Project Freedom allows diplomacy to pick up pace, bringing US and Iran closer to a deal that Trump would label as a win.”

Is this the end of the war on Iran?

Not exactly. Akbarzadeh said pausing Project Freedom could serve as “the beginning of the end for the war”.

“We know that the Iranians are desperate for an end, so there is little chance of them resuming attacks on US Navy if Trump sends explicit signals that diplomacy has a green light,” he said.

However, he added, “The problem is that we have been here before. Earlier opportunities were squandered because Israel insisted that the US could get a better deal or because Trump misread the situation and expected the military option to grant him more concessions.”

What happens next?

It is difficult to predict this, but neither side appears to want a return to full-scale war, so both are likely to prioritise a diplomatic way out, Akbarzadeh said.

Still, “neither can afford to be seen as the loser,” he added. “They feel their public image needs to be preserved for their own respective domestic audience. This complicates negotiations and reaching a deal.”

Ozcelik said what happens next “will be determined by what the fractured leadership in Tehran commits to on the nuclear file.

“While it has rejected that talks involve curbs on Iran’s nuclear programme, this type of posturing has aimed to assuage domestic, hard-line and Iranian nationalists who are rattled by the US-Israel strikes and see nuclear issues from a nationalist, sovereign rights perspective.”

She predicted that the United Nations may soon issue a formal condemnation of Iran for unilaterally blockading the Strait of Hormuz.

“But the real pressure, mounting by the day, is the economic one – that shutting the strait is imposing punishing costs on Iran’s economic recovery prospects,” she said.

“Despite rhetoric on resilience and survival, the remaining Iranian leadership is undeniably concerned about the costs of the war. The possibility of renewed military strikes against Iranian critical infrastructure and the destabilising impacts these would inevitably have might be finally forcing Tehran’s hand,” Ozcelik concluded.

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Iran’s Araghchi holds talks with China’s Wang Yi in Beijing | US-Israel war on Iran News

Iran’s foreign minister meets his Chinese counterpart one week before President Donald Trump’s visit to Beijing.

Iran’s Foreign Minister Abbas Araghchi is holding talks with his Chinese counterpart, Wang Yi, in Beijing amid tensions with the United States in the Strait of Hormuz.

Araghchi’s one-day trip on Wednesday comes a week before US President Donald Trump’s scheduled ⁠visit to Beijing for a summit with President Xi Jinping on May 14 and 15.

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China’s official Xinhua news agency reported the meeting between Araghchi and Wang had begun, without providing further details.

Araghchi’s visit to Beijing marks the first time he has travelled to China, a close ally of Tehran, since the US-Israeli war on Iran began on February 28. Araghchi had spoken with Wang by telephone at least three times following the start of the war.

Earlier in Washington, DC, US Secretary of State Marco Rubio expressed hope that Beijing would reiterate to Tehran the need to release its chokehold on the Strait of Hormuz.

Iran effectively closed the strait, through which major oil and gas supplies passed, after the war began, sending prices of fuel and fertiliser skyrocketing and rattling the global economy.

Following a ceasefire in April, the US imposed its own blockade on Iranian ports in a bid to compel Tehran to agree to Washington’s terms in peace talks.

Al Jazeera’s Katrina Yu, reporting from Beijing, said two things will be front and centre on the agenda of Araghchi and Wang’s meeting – maintaining the ceasefire and reopening the Strait of Hormuz.

“We know that China has been very critical of the US’s naval blockade on Iranian ports, calling it dangerous. But increasingly, Beijing has also been critical of Iran’s decision to continually close that vital chokepoint,” Yu said.

Wang is expected to speak to Araghchi about what kind of support China can continue to offer Iran if it continues to close the strait.

“Iran will need Chinese backing, for example, at the United Nations, to continue to block any action that would put any additional sanctions on Iran because of its closure of the strait,” Yu said.

“Reportedly, the Iranian foreign minister is looking for clarity from Beijing as to what it will put on the table when Xi meets with Trump, and whether Beijing will be making any concessions to Washington that could make Tehran nervous.”

China, in return, “wants its own assurances that Iran won’t act in any escalatory way or any dramatic fashion in the lead up to that very important meeting”, she added.

Araghchi and Wang’s meeting came as Trump announced a pause on a US military operation to escort stranded ships out of the Strait of Hormuz.

The effort, which began on Monday, ratcheted up tensions, with the US military claiming it sank several Iranian boats that attempted to interfere in the operation. The United Arab Emirates also reported coming under missile and drone attacks from Iran, with one assault sparking a fire at an oil refinery. Tehran denies the launching the attacks.

Trump said on Truth Social the pause was based “on the request of Pakistan and other Countries” and because “Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran”.

Pakistan has been leading efforts for a peace deal between Iran and the US.

The two sides held direct talks in Islamabad on April 11 and 12, but the negotiations ended without an agreement. Key sticking points include US demands for Iran to halt all nuclear enrichment and Tehran’s wish to continue to exercise control over the Strait of Hormuz.

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US pauses plan to guide ships through the Strait of Hormuz | US-Israel war on Iran

NewsFeed

US president Donald Trump has said that the US military operation “Project Freedom” guiding ships through the Strait of Hormuz will be paused for a short period. He cited a request from Pakistan and progress towards a final deal with Iran.

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US Army says ‘Project Freedom’ in blockaded Hormuz has ‘just begun’ | US-Israel war on Iran News

A military operation titled “Project Freedom” has been launched by the US Navy to secure a safe passage of commercial vessels through the blocked Strait of Hormuz, a spokesperson for the United States military’s Central Command (CENTCOM) told Al Jazeera on Tuesday.

The Strait of Hormuz has been at the centre of the US-Israeli war on Iran that began on February 28, triggering disruptions that have pushed up commodity prices around the world.

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Iran has effectively sealed off the strait by threatening to deploy mines, drones, missiles and fast-attack craft. The US has countered by blockading Iranian ports and mounting escorted transits for commercial vessels.

The US military spokesperson said that ship owners and insurance companies have responded positively to the operation, which has “just begun” and is aimed at ensuring commercial ships can pass through the strait safely to benefit global and regional economies.

Later on Tuesday, US Secretary of State Marco Rubio said at a news conference in Washington, DC, that 10 civilian sailors have died due to the ongoing conflict in the Strait of Hormuz, adding that the US Navy has destroyed seven Iranian fast boats in the waterway.

Rubio said the US will continue to clear a passageway through the strait to restore freedom of navigation.

Operation ‘defensive in nature’

US Defense Secretary Pete Hegseth said the operation has the goal of reopening the strait and allowing the passage of thousands of stranded commercial vessels.

“Project Freedom is defensive in nature, focused in scope, temporary in duration [and] with one mission: protecting innocent commercial shipping from Iranian aggression,” Hegseth said during a briefing on Tuesday at the Pentagon.

He said that as part of Project Freedom, US forces would not need to enter Iranian waters or airspace, adding that Iran can no longer be allowed to prevent international commerce.

“Iran … cannot be allowed to block innocent countries and their goods from an international waterway,” Hegseth said, and added that two US commercial vessels, along with the country’s warships, have already traversed the strait.

“They said they control the strait – they do not,” the secretary said.

Iran denied any crossings had taken place, though shipping company Maersk said the Alliance Fairfax, a US-flagged ship, exited the Gulf under a US military escort on Monday.

Several merchant ships in the Gulf reported explosions or fires on Monday, and the United Arab Emirates (UAE) claimed to have come under an Iranian attack, with an oil port targeted on Monday. On Tuesday, Iran’s army denied any attack on the UAE in recent days.

Iran did confirm firing warning shots at a US warship approaching the strait, forcing it to turn back.

Alexandru Hudisteanu, a military and diplomatic analyst, has told Al Jazeera that the US operation to force open the Strait of Hormuz considerably increased the risk of miscalculation from both sides, especially Iran.

He said that by pushing two ships through the strait yesterday, the US “trapped Iran in an escalation situation”.

After issuing a new map of the Strait of Hormuz with an expanded Iranian area of control, Iran’s Islamic Revolutionary Guard Corps (IRGC) warned vessels on Tuesday to stick to the corridors it had set or face a “decisive response”.

US President Donald Trump said Iran’s military had been reduced to firing “peashooters” and Tehran wanted peace, despite public sabre-rattling.

“They play games, but let me just tell you, they want to make a deal,” the US president told reporters in the Oval Office.

On Tuesday, Air Force General Dan Caine, chairman of the US Joint Chiefs of Staff, said that there are more than 1,500 vessels with about 22,500 crew trapped inside the Gulf, but that Iranian attacks against US forces fell “below the threshold of restarting major combat operations at this point”.

Asked what Iran would need to do to violate the ceasefire, Trump said: “They know what not to do.”

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Trump pauses US operation in Strait of Hormuz in push for deal with Iran | US-Israel war on Iran News

United States President Donald Trump has said that the US military operation to move stranded ships out of the Strait of Hormuz has been paused temporarily.

Trump made the announcement on his Truth Social platform on Tuesday.

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He said the decision was made “based on the request” of Pakistan and other countries and the “fact that Great Progress has been made toward a Complete and Final Agreement” with representatives of Iran.

“We have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed,” he wrote.

There was no immediate comment from Iran.

Trump’s announcement came as tensions escalated in the Gulf, with the US military saying it destroyed several Iranian boats in the Strait of Hormuz, as well as cruise missiles and drones. The United Arab Emirates said its air defences dealt with missile and drone attacks from Iran for a second day, while another commercial ship in the Strait of Hormuz reported being hit by an “unknown projectile”.

For its part, Iran’s Islamic Revolutionary Guard Corps (IRGC) issued a new map of the strait, with an expanded area of Iranian control, and warned vessels on Tuesday to stick to the corridors it has set or face a “decisive response”.

In Washington, DC, Secretary of State Marco Rubio told reporters that the US has completed its offensive operations against Iran, dubbed “Operation Epic Fury”, and “there’s no shooting unless we’re shot at first”.

But Iran must “pay a price” for its efforts to control the strait, he said.

“The Straits of Hormuz do not belong to Iran. They don’t have a right to shut it down and blow up ships and lay mines,” Rubio said.

“Under no circumstances can we live in a world where we accept, ‘OK, this is normal – you have to coordinate with Iran. You have to pay them a toll in order to go through the Straits of Hormuz’. Not only is that unacceptable in the straits, you’re creating a precedent that could be repeated in multiple other places around the world.”

The maritime chokepoint, through which roughly one-fifth of the world’s energy supplies normally pass, has been effectively sealed by Iran since the US and Israel launched their war on the country on February 28.

Following a ceasefire in April, the US imposed its own blockade on Iranian ports in a bid to compel Tehran to agree to Washington’s terms in peace talks mediated by Pakistan, including reopening the key waterway and halting all nuclear enrichment.

The closure of the strait has disrupted global trade, causing oil and fertiliser prices to soar and prompting fears of a global recession and a food emergency.

Earlier on Tuesday, Trump told reporters at the White House that the US’s military and economic action was forcing Tehran to the negotiating table despite its defiant public stance.

“Iran wants to make a deal. What I don’t like about Iran is they’ll talk to me with such great respect, and then they’ll go on television. They’ll say, ‘We did not speak to the president’,” he said. “So they play games. But let me just tell you, they want to make a deal. And who wouldn’t? When your military is totally gone, we could do anything we want to them.”

Trump, who is facing mounting pressure at home as petrol prices rise ahead of crucial midterm elections, went on to say that Iran’s military had ‌been reduced to firing “peashooters”.

When asked what Iran would need to do to violate the ceasefire, Trump said: “They know what not ⁠to do.”

US Secretary of Defense Pete Hegseth, meanwhile, said that the renewed violence in the Strait of Hormuz does not constitute a breach of the four-week-old truce.

“American forces won’t need to enter Iranian waters. It’s not necessary. We’re not looking for a fight. But Iran cannot be allowed to block innocent countries and their goods from international waterways,” he said at the Pentagon.

“Right now, the ceasefire certainly holds, but we’re going to be watching very, very closely,” he added.

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Broken Spirit: Jet Fuel Surge, Iran War Rattle Airlines

Amid Spirit Airlines’ bankruptcy, airlines that were once confident in their financial resilience are now navigating a volatile geopolitical landscape.

The collapse of Spirit Airlines, the scrappy low-cost carrier, underscores the fragile economics of air travel amid $4-per-gallon jet fuel and high crude prices.

From Atlanta-based Delta Air Lines to Hong Kong-based Cathay Pacific, carriers are reassessing routes and fares as soaring fuel costs threaten profits, while the Iran war disrupts shipping through the Strait of Hormuz.

Airlines and investors had anticipated stable fuel costs in the second quarter, but analysts have had to adjust their outlooks. Forward-looking projections indicate fuel prices will remain above previous forecasts, a development that could continue to pressure airline profit margins and ticket pricing strategies.

“Fuel forward expectations for the second quarter haven’t changed, but what has changed are expectations for the rest of the year,” Matt Woodruff, head of aerospace and defense/transports at CreditSights, told Global Finance. “[Fuel prices] will be higher for longer than we were thinking a month or two ago.”

‘Good Aircraft’ Grounded

On April 23, former President Donald Trump publicly mused about rescuing Spirit Airlines, calling the carrier “virtually debt-free” and noting its “good aircraft, good assets.” He suggested buying the airline and potentially profiting when oil prices decline, adding, “I’d love to be able to save those jobs … I like having a lot of airlines, so it’s competitive.”

The plan never materialized, and Spirit shut down on May 3. Travelers remained stranded as jet fuel prices hit unprecedented highs amid the Iran war, now more than two months old.

“We regret to inform you that all Spirit Airlines flights have been canceled, effective immediately,” read a notice when opening the carrier’s app.

The ripple effects were felt beyond Dania Beach, Florida, where the airline is based. Spirit operated international flights throughout Latin America, the Caribbean, and Central America, including Colombia, Mexico, the Dominican Republic, Jamaica, Peru, Costa Rica, and Aruba. Its sudden closure left 17,000 direct and indirect employees without work.

The Trump administration and Treasury Secretary Scott Bessent quickly blamed Biden-era opposition to the much-debated Spirit/JetBlue Airways Corp. merger. The two carriers had a $3.8 billion deal in the works, which Bessent argued “would have given them much more resiliency.” Spirit filed for bankruptcy protection in November 2024, saddled with more than $2.5 billion in losses since 2020.

But no airline, not even one with low-cost appeal, is immune to the whims of the global oil market.

At the time of Spirit’s first bankruptcy under Biden, U.S. airlines were paying an average of $2.31 per gallon for jet fuel. Under Trump, that figure has nearly doubled, with the Argus US Jet Fuel Index reporting $4.26 per gallon as of May 4.

Consider the Warnings

Brent crude prices are hovering above $100 per barrel, while regional conflicts near the Strait of Hormuz—through which a significant share of the world’s oil passes—continue to heighten supply concerns.

Fuel is often the largest single operating expense for airlines. Delta Air Lines, for example, disclosed in a March filing that its 2025 fuel costs accounted for 31.3% of its operating expenses. The company noted that a one-cent increase in jet fuel adds about $40 million to its fuel tab for the year.

Delta paid $2.7 billion for fuel in the first quarter of 2026.

The airline produces some of its own jet fuel, which means it avoids paying full market prices for fuel conversion, shielding it from the worst of the “crack spread” costs, Woodruff said. “They’re getting a benefit relative to everyone else, but they’re still feeling it.”

Cuts are underway. Starting May 19, the company will no longer offer food or drinks on flights under 349 miles.

Other carriers are responding to the latest volatility by raising fares, canceling routes, rerouting aircraft to avoid restricted airspace, and reconsidering expansion plans. Airfares have increased five times since the war in Iran began, with a sixth hike underway late last month, according to the Wall Street Journal.

“The routes that aren’t doing well, those are going first,” Woodruff said. “Regional jets, for example, often don’t make much money — those are, for sure, a target.”

What’s Next

Spirit isn’t the only airline feeling the effects of this new norm. Its former suitor, JetBlue, is reevaluating routes that may no longer cover rising fuel, airport, and maintenance costs. Delta is canceling hundreds of flights, while international carriers — including Paris-based Air France, Cologne-based Lufthansa, and Cathay Pacific — are trimming routes to protect margins.

This shift stands in stark contrast to late 2024, when Delta CEO Ed Bastian welcomed the incoming Trump administration as a “breath of fresh air.” Through much of 2025, that optimism seemed justified, as major U.S. carriers forecast continued profitability into 2026.

And that might still be the case despite the war in Iran rattling global energy markets and upending long-held assumptions about fuel stability and travel demand.

Each airline is now telling a two-sided story about how robust demand is while also raising fares. United Airlines’ fare numbers, for example, will be 15% to 20% higher than last year. 

Whether consumers will tolerate such a price hike remains to be seen. “Ultimately, consumers are going to decide what they are willing to pay and what they aren’t, not a formula,” Southwest CEO Bob Jordan told reporters in April.

Chevron CEO Mike Wirth echoed the concern, telling CBS’s Face the Nation on April 23 that instability in the Strait of Hormuz was likely to continue driving up energy costs.

Even the forward fuel curves today indicate that, even if the war ended today, costs wouldn’t normalize until well into next year, Woodruff said.

By 2027, airlines expect to offset most, if not all, of the recent fuel cost increases through higher fares, he added. But that outlook assumes forward fuel prices in the first quarter of 2027 will be lower than they are today. If they’re not, carriers could continue to face significant financial pressure.

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Newscast – Is the US-Iran War Restarting?

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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.

You can now listen to Newscast on a smart speaker. If you want to listen, just say “Ask BBC Sounds to play Newscast”. It works on most smart speakers.

You can join our Newscast online community here: https://bbc.in/newscastdiscord

Get in touch with Newscast by emailing newscast@bbc.co.uk or send us a WhatsApp on +44 0330 123 9480.

New episodes released every day. If you’re in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bbc.in/4guXgXd

Newscast brings you daily analysis of the latest political news stories from the BBC. The presenter was Adam Fleming. It was made by Jack Maclaren with Anna Harris. The social producer was Gabriel Purcell-Davis. The technical producer was Ben Andrews. The assistant editor is Chris Gray. The senior news editor is Sam Bonham.

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Iran’s judiciary vows action against ‘enemy’s mercenaries’ amid executions | US-Israel war on Iran News

Tehran, Iran – Iran’s judiciary has promised to continue taking “decisive” action against people it accuses of working for foreign interests as it reports more executions and asset seizures.

Judiciary and security authorities said they will “act decisively against the enemies’ mercenaries without leniency until the very last one”, according to a state television report aired late on Monday.

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The report came hours after judicial authorities executed three men who were arrested in the northeastern city of Mashhad during nationwide protests in January, which top officials have called a “coup” attempt led by the United States and Israel.

State media aired what it presented as confessions by the men, who were labelled “agents” of the Israeli intelligence service Mossad and “leaders of riots” by the authorities. The report said the men acted against the government by using knives and swords against paramilitary Basij forces and damaging public property.

An increasing number of prisoners have been hanged over recent weeks, particularly since the start of the US-Israel war on Iran on February 28. The executions are connected to the antiestablishment protests, during which thousands of people were killed amid a state-imposed internet shutdown.

In Isfahan last week, 21-year-old Sasan Azadvar was executed for “cooperation with the enemy” for acts that included, according to the judiciary, “attacking a minibus carrying security forces with stones and a club and breaking windows of public buses and private vehicles”.

The authorities maintained that while the judicial process has been significantly speeded up for those arrested in connection with the protests, the proceedings remain legal and executions are carried out after being greenlit by Supreme Court judges.

Foreign-based human rights organisations and opponents of Iran’s government have said prisoners are not given fair trials and their families are pressured into remaining silent about arrests and executions, charges Iranian authorities reject.

A number of prisoners have also been executed after being convicted of espionage for Israel and other national security charges. Security offences can lead to a conviction of moharebeh, or “waging war against God”, and other sentences that carry the death penalty.

Earlier this week, two men were hanged for allegedly sending images of military facilities to the Mossad, trying to recruit others for sabotage activities and calling security authorities with fabricated leads to divert them.

Multiple members of the Mojahedin-e Khalq (MEK), a foreign-based group considered a “terrorist” outfit by Iranian authorities, have also been executed over recent weeks.

Foreign-based human rights organisations reported that Iranian authorities have in 2025 and 2026 carried out the largest number of hangings since 1989 when political dissidents and MEK members received death sentences in large numbers.

A report by Iran Human Rights and Together Against the Death Penalty last month said at least 1,639 executions were recorded in 2025, which was 68 percent higher than the year before.

The United Nations confirmed at the end of April that since the start of this year’s war, at least 21 people have been executed and more than 4,000 arrested on national security-related charges. Iranian authorities have not commented on the figures.

Economic measures

Iranian authorities have also confiscated the private assets of Iranians inside and outside the country in response to perceived antiestablishment activities.

The latest such move was announced on Tuesday morning when the judiciary announced that authorities in Semnan province, located east of Tehran, had seized the assets of 22 “traitors to the nation and people who are linked with the Zionist regime [Israel] and hostile countries”.

During the naval blockade imposed by the US, which has exacerbated the already dire economic conditions in Iran, authorities have also warned that they will act against any disruptive measures, such as hoarding goods, and have threatened prison time of up to 20 years, lashings and fines for anyone convicted.

Judiciary chief Gholam-Hossein Mohseni-Ejei also warned that those hoarding, price gouging or selling expired goods will be met with “decisive” legal action.

Prices surged this week across the country, especially for food, medicine, cars and electronic devices. And there are potentially challenging times ahead with little sign of a lasting resolution to the conflict with the US and Israel despite an ongoing ceasefire.

“The current price levels are unacceptable. The price increases are due to the war tumult and sanctions,” Central Bank of Iran chief Abdolnasser Hemmati said on Tuesday. “But the people should not be worried because their resistance is working and, God willing, victory will be achieved soon.”

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Iran says US military killed five civilians in attacks on passenger boats | US-Israel war on Iran News

Iranian commander says US military attacked two passenger boats, not IRGC vessels, in the Strait of Hormuz on Monday.

Iran has accused the United States of killing five civilians in the Strait of Hormuz, saying its forces attacked passenger vessels in the waterway rather than boats belonging to the Islamic Revolutionary Guard Corps (IRGC) as claimed.

The claim on Tuesday contradicted a statement by US Admiral Brad Cooper, who said Central Command forces had sunk six IRGC vessels that had attempted to interfere with a US mission to escort stranded ships out of the Strait of Hormuz.

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US President Donald Trump later put the number at seven boats.

The US operation, dubbed “Project Freedom”, has shaken a fragile ceasefire reached between Iran and the US on April 8 and renewed fears of a return to war.

Iran’s state broadcaster IRIB quoted an unnamed Iranian military commander as saying that Tehran launched an investigation following the US claim of attacks on IRGC vessels.

It said while none of the IRGC vessels was hit, the investigation found that US forces had “attacked two small boats carrying people on their way from Khasab on the coast of Oman to the coast of Iran on Monday”.

The attacks destroyed the boats and killed five civilian passengers, the commander said. The US “must be held accountable for their crime”, the commander added.

There was no immediate comment from the US military.

The violence comes as Trump seeks to reopen the Strait of Hormuz, which Iran has effectively blockaded following the US and Israeli attacks on the country on February 28.

The closure of the vital maritime corridor – through which roughly one-fifth of the world’s energy supplies flow – has sent oil and fertiliser prices surging around the world and prompted fears of a global recession and food emergency.

Iran is now insisting on maintaining control over the Strait of Hormuz and collecting transit fees as reparations for the destruction caused by the US and Israel.

Attacks on UAE, ships in Hormuz

The Iranian military on Monday warned commercial vessels they would “jeopardise their safety” if they attempted to cross the waterway without permission. The military also warned US forces would face attacks if they approached or entered the chokepoint.

Amid the tensions, the United Arab Emirates said Iran launched a drone attack on one of its oil tankers that attempted to transit the strait and said Iranian forces launched 15 ballistic missiles and four drones at its territory.

UAE authorities said the attacks set off a large fire at a major oil refinery in the eastern emirate of Fujairah and wounded three Indian nationals.

A South Korean vessel in the Strait of Hormuz, the HMM Namu, also reported an attack, saying an explosion had caused a fire in its engine room.

Nonetheless, the US military said two US-flagged ships made it through the strait on Monday with the support of navy guided-missile destroyers.

The IRGC denied the claim as “baseless and completely false”, but the global shipping firm Maersk said the US-flagged Alliance Fairfax exited the Gulf via the Strait of Hormuz accompanied by the US military on Monday.

Iran’s Foreign Minister Abbas Araghchi said the events in Hormuz on Monday “make clear there’s no military solution to a political crisis”.

He said in a post on X that peace talks with the US were “making progress” with Pakistan’s mediation and that Washington “should be wary of being dragged back into quagmire by ill-wishers”.

“So should the UAE,” he added. “Project Freedom is Project Deadlock.”

Meanwhile, Trump has renewed his threats against Iran.

He told Fox News Iran would be “blown off the face of the Earth” if they attacked US vessels carrying out Project Freedom.

“We have more weapons and ammunition at a much higher grade than we had before,” he said.

“We have the best equipment. We have stuff all over the world. We have these bases worldwide. They’re all stocked up with equipment. We can use all of that stuff, and we will, if we need it.”

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Shares slip as oil prices stay elevated near peaks on Iran war concerns

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Oil prices fell back in early trade but remained elevated as investors kept an eye on escalating tensions between the US and Iran and progress on ships passing through the Strait of Hormuz.


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At the time of writing, Brent crude was trading 1.38% lower at $112.86 while US crude, or WTI, was down 2.27% at $104 per barrel. US futures edged 0.1% higher.

Elsewhere, regional trading was thin overnight with markets in Japan, South Korea and mainland China closed for holidays.

Hong Kong’s Hang Seng fell 1.1% to 25,805.98. Australia’s S&P/ASX 200 lost 0.5% to 8,649.80, while Taiwan’s Taiex traded 0.2% lower at 40,626.22.

The fragile ceasefire between the US and Iran was tested on Monday after the US military said it had sank six Iranian small boats targeting civilian ships, while two US-flagged ships successfully passed through the Strait of Hormuz.

The key waterway for oil and gas transport remains largely closed despite repeated demands from the US for Iran to reopen the strait and as the United States imposed a sea blockade on Iranian ports. US President Donald Trump’s “Project Freedom” plan under which the United States would help guide stranded ships through the Strait of Hormuz began on Monday.

Brent crude, the international standard, surged above $114 a barrel on Monday, gaining nearly 6%. Before the war began in late February, it was trading near $70.

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Warning UK is at dire risk of rationing jet fuel due to shortages caused by Iran war

The extended shutdown of the Strait of Hormuz has created what Goldman Sachs describes as “extreme tightness” in Europe’s jet fuel supply, and the UK is seen as particularly vulnerable

Britain is at risk of rationing jet fuel due to shortages stemming from the Iran conflict, an expert has claimed.

With supplies potentially dropping to “critically low levels”, concern has grown for Europe’s jet fuel market and the consequences this will have on travel this summer. Some airlines, such as KLM and Lufthansa, have already cancelled flights due to fears about fuel.

Now, Goldman Sachs, one of the world’s largest investment banks, has said the ongoing closure of the Strait of Hormuz has created “extreme tightness” in the market and the UK is especially exposed due to its limited stockpiles, heavy reliance on imports, and constrained refining capacity. It means the prospect of rationing is believed to being considered to help sustain the travel sector.

Jet fuel prices have doubled since the war began on February 28, prompting bleak warnings from Keir Starmer that travellers may need to rethink their holiday plans.

READ MORE: British Airways, Ryanair, easyJet and Jet2 issue fuel warning amid Middle East warREAD MORE: Soaring petrol prices to have ‘huge consequences for teachers and schools’

Goldman Sachs said in a research note: “The UK is the largest net importer of jet fuel in Europe, and it holds no strategic reserves, leaving commercial inventories as the primary buffer. As a result, inventories in some countries, especially the UK, could fall to critically low levels, increasing the likelihood of rationing measures.”

The Gulf region supplies around one-fifth of globally traded fuel, and with Europe heavily dependent on those flows, airlines are now competing for alternative sources — driving prices even higher. According to The Times, Goldman Sachs noted that the UK, as Europe’s largest net importer of jet fuel, lacks strategic reserves and relies primarily on commercial inventories as a buffer. Those levels, particularly in Britain, could fall dangerously low, increasing the likelihood of rationing.

Any sustained shortage would likely force airlines to cancel or consolidate flights while pushing ticket prices upward. Fuel accounts for as much as a quarter of airline operating costs. IAG, the parent company of British Airways, has already indicated it will raise fares to offset higher fuel expenses, acknowledging it is “not immune” to ongoing volatility despite hedging strategies.

Air France expects its jet fuel bill to rise by $2.4billion (£1.77million) this year, while American Airlines anticipates an increase of more than $4billion (£2.96million) — costs that are expected to translate into higher fares and reduced perks for passengers.

Although UK ministers have suggested supplies can be sourced from elsewhere, industry figures are less optimistic. Ryanair chief Michael O’Leary said airlines are “desperately” looking for flights to cancel and could begin doing so within weeks.

Fuel suppliers have also warned that the UK has the “most limited visibility” in Europe when it comes to jet fuel supply, largely because of its dependence on Middle Eastern imports.

The European Commission said it would issue guidance to airlines this week, with a spokesperson noting that uncertainty remains high and preparations are being made for multiple scenarios.

Analysts also pointed to the UK’s reduced refining capacity following the closure of the Grangemouth refinery — Scotland’s only oil refinery — last April. Concerns had also surrounded the future of the Prax Lindsey refinery in north Lincolnshire, though its new owner, Phillips 66, said the recent acquisition should help stabilise supply.

A report from the Tony Blair Institute argued that Europe’s climate-focused energy policies have contributed to higher prices — two to three times those of competitors — and increased dependence on imports.

Fuel suppliers said May demand should remain manageable but warned that disruptions could begin by mid-to-late June if the Strait of Hormuz remains closed.

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Fresh attacks in the Gulf spark fears of renewed war with Iran

Confusion reigned on Monday over the fate of a fragile ceasefire between the United States and Iran after a wave of fresh strikes on the United Arab Emirates and Oman, along with reports of attacks on ships in the Strait of Hormuz, undermined confidence in the truce.

The drone and missile strikes, the first since a ceasefire halted fighting in early April, come after the Trump administration launched a wide-scale naval operation on Monday to “guide” stranded maritime vessels out of the vital waterway.

But fears over a return to war have driven another surge in oil prices, pushing them above $114 per barrel — levels not seen since the ceasefire nearly a month ago. Hundreds of cargo ships from dozens of countries remain stuck in the Gulf. And strikes in Dubai have raised concerns about further disruptions to international air travel at one of the world’s busiest airports.

Iran’s state-run news agency, IRNA, said the new U.S. operation was part of President Trump’s “delirium,” after the Islamic Revolutionary Guard Corps warned that passage through the strait required prior approval from Tehran.

“We warn that any foreign armed force, especially the invading American army, will be attacked if they attempt to approach and enter the Strait of Hormuz,” said Maj. Gen. Ali Abdollahi, according to a statement reported by the Iranian state-run Mehr News Agency on Monday.

The operation, which Trump over the weekend dubbed “Project Freedom,” is supported by 15,000 U.S. servicemen and 100 aircraft, according to U.S. Central Command. Their aim is to deny Tehran control over the strait, a narrow, 21-mile-wide passageway through which a fifth of global energy supplies flows.

On Monday, Trump vowed Iran’s forces will be “blown off the face of the Earth” if they attempt to disrupt Project Freedom.

“We have more weapons and ammunition at a much higher grade than we had before,” Trump was quoted as saying in an interview with Fox News.

“We have the best equipment. We have stuff all over the world. We have these bases all over the world. They’re all stocked up with equipment. We can use all of that stuff, and we will, if we need it.”

Iran blocked traffic through the strait soon after the United States and Israel launched their campaign on the country. Last month, days after a ceasefire between Washington and Tehran came into effect, the United States enforced its own naval blockade on Iranian ports in a bid to pressure Iran to make concessions in stalled negotiations.

On Monday, Central Command said in a statement that two American-flagged merchant ships were able to successfully transit the strait, while Central Command head Adm. Brad Cooper said the U.S. military sank six Iranian boats and intercepted missiles and drones targeting civilian vessels.

“We have defeated each and every one of those threats through the clinical application of defensive munitions,” he said.

“Project Freedom is a defensive operation, and we have deployed anti-ballistic missile destroyers,” he added. “Ships in the Gulf waters belong to 87 countries, and we urge ships to cross the strait.”

IRIB, Iran’s state-run broadcaster, quoted a senior Iranian military official who denied Cooper’s claim of sunk Iranian boats. The IRGC said in a statement on the messaging app Telegram that claims of commercial vessels or tankers traversing the strait were “baseless and completely false.”

Though Cooper did not clarify if the ceasefire between Washington and Tehran was now over, a raft of attacks throughout Monday spiked fears that the war would restart, spurring sharp price increases in already-jittery energy markets.

The UAE said a fire broke out and three Indian nationals were injured in the Fujairah Oil Industry Zone, a key export hub for the country, after what it described as an Iranian drone attack.

It also accused Iran of targeting a tanker linked to the country’s state oil company Abu Dhabi National Oil Company in the Strait of Hormuz, while the country’s defense ministry also reported four cruise missiles launched from Iran, saying that it intercepted three of them while the fourth fell in the sea.

“These attacks constitute a dangerous escalation and an unacceptable transgression,” said a statement from the UAE’s foreign ministry, adding that it “reserves its full and legitimate right to respond to these attacks.”

Elsewhere, two foreign workers were injured in an attack on a residential building in the Omani coastal province of Bukha, according to a statement from an unnamed security source quoted by the state-run Oman News Agency. Authorities were investigating the incident but did not elaborate on the perpetrator.

The U.K.’s Maritime Trade Operations Center reported on Monday that a commercial vessel was on fire off the coast of the UAE, while a South Korean bulk carrier ship said it suffered an explosion and a fire in its engine room and the cause was being investigated.

Bulos reported from Beirut, Wilner from Washington.

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Iran-US clash over alleged warship attack in Strait of Hormuz | US-Israel war on Iran

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Iran claims its navy forced a US warship to turn back from the Strait of Hormuz as Washington denies any clash, amid rising tensions in the key waterway. The rival narratives come after US President Donald Trump announced Project Freedom, a mission he framed as a humanitarian effort to “free” stranded ships.

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Captain warns ‘no ship will be a hero’ by risking Hormuz transit | US-Israel war on Iran News

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Raman Kapoor, an Indian oil tanker captain stranded in the Gulf, says no vessel will attempt to exit the Strait of Hormuz without assurance of safety, despite the announcement of a US evacuation plan for ships stranded by the war.

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US releases Touska container ship crew: Why it matters | US-Israel war on Iran News

The United States has transferred 22 crew members from the Iranian container ship, the Touska, to Pakistan, in what Islamabad describes as a “confidence-building measure” during tension in the Strait of Hormuz.

US Central Command (CENTCOM) spokesman, Captain Tim Hawkins, said the crew had been handed over for repatriation. Pakistan’s foreign ministry confirmed the transfer, saying the sailors would be returned to Iranian authorities.

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The Touska was seized by US forces in the Gulf of Oman in the early hours of April 20, in what Tehran described as an act of “piracy”, after the US declared a naval blockade of Iranian ports. Iran had effectively closed the Strait of Hormuz following the start of the US-Israeli war on Iran.

On Monday, tensions continued to escalate in and around the Strait of Hormuz.

First, US President Donald Trump announced that US naval ships would help guide stranded vessels through the strait in an operation he dubbed “Project Freedom”.

Iran issued a new map of the strait with new boundaries further to the east, and warned shipping not to attempt to pass without coordinating with the Islamic Revolutionary Guard Corps (IRGC).

Then, state media reported that two Iranian missiles struck a US naval vessel near Jask Island in the strait after ignoring warnings from the IRGC to turn back. Washington denied any attack.

Amid continued interceptions and seizures of vessels by both sides, questions remain over whether the two countries can de-escalate and reach a broader peace agreement. Pakistan has been central to these efforts, seeking to keep diplomatic channels open, but talks hosted in Islamabad last month ended without a breakthrough.

Iran’s foreign ministry says it is reviewing Washington’s response to its 14-point proposal aimed at ending the conflict sent via Pakistan on Friday. As Pakistan continues to mediate, Trump previously described Tehran’s offer as “unacceptable”.

What happened to the Touska?

The Iran-flagged Touska was seized by US forces in the Gulf of Oman, close to the Strait of Hormuz, on April 20 after Washington accused the crew of failing to comply with the US naval blockade on Iranian ports. Shortly after midnight local time in Iran, CENTCOM said the USS Spruance fired its 5-inch (127mm) deck gun at the vessel’s engine room, disabling it.

According to the US military, the ship was attempting to transit the Strait of Hormuz en route to Iran’s main commercial port, Bandar Abbas.

The Touska, a small container ship operated by the sanctioned Islamic Republic of Iran Shipping Lines (IRISL), was boarded near Iran’s Chabahar port. US Marines from the 31st Marine Expeditionary Unit captured the vessel after what CENTCOM said were repeated warnings over six hours.

Video released by the US military showed Marines descending from helicopters launched from the USS Tripoli and securing the Tusk.

Iran condemned the capture as a violation of international law and an act of “piracy“, before demanding the immediate release of the vessel and its crew.

What does the release of the Touska’s crew mean, diplomatically?

Pakistan has positioned itself as a mediator between Washington and Tehran, and is now framing the transfer of the Touska crew as a step towards de-escalation of tensions. In a statement, the Pakistani foreign ministry said the move reflected a “confidence-building measure” and reaffirmed its commitment to facilitating dialogue.

US and Iranian delegations met in Islamabad last month for their first talks since 1979. Although negotiations ended without a deal, they marked a rare moment of direct engagement.

Pakistan has since coordinated with regional powers, including Saudi Arabia, Turkiye, Qatar and Egypt, while maintaining close communications with China, in an effort to build broader support for de-escalation.

In a call with Iran’s Foreign Minister, Seyed Abbas Araghchi, on Monday, Pakistan’s Deputy Prime Minister, Ishaq Dar, reiterated that diplomacy remains the only viable path to stability. Tehran, in turn, acknowledged Islamabad’s mediation efforts.

INTERACTIVE - Strait of Hormuz - March 2, 2026-1772714221
(Al Jazeera)

Will this de-escalate tensions in the Strait of Hormuz?

There are not many signs that it will.

Indeed, tensions in the Strait of Hormuz have continued to increase despite the release of the crew members.

Most notably, Iran’s Revolutionary Guard published a new map on Monday outlining what it claims is an expanded zone of control in the waterway, stretching from Iranian and Omani territory to include the territorial waters of the United Arab Emirates as well.

Analysts say this new claim exceeds internationally recognised boundaries. The UAE has accused Iran of launching drones at an oil tanker linked to Abu Dhabi’s national energy company, while Washington has dismissed Iranian reports of an attack on a US warship as false.

Military analyst Alexandru Hudisteanu, a maritime security expert who served 13 years in the Romanian navy, told Al Jazeera on Monday that the conflicting claims reflect a broader test of resolve. “Any attempt to open the strait will likely be met with resistance from Iran,” he said, adding that Tehran views control of Hormuz as its primary leverage in negotiations.

Hudisteanu warned that the situation carries a high risk of miscalculation, with both sides continuing to operate in close proximity. For Iran, the Strait of Hormuz is the “only leverage” it has for peace negotiations, Hudisteanu said.

Iranian analyst Foad Izadi argued that the ceasefire effectively collapsed when the US imposed its blockade, which he described as “an act of war”. He added that the targeting and seizure of ships along the Strait of Hormuz further undermined any notion of a truce.

“Attacking an Iranian ship’s engine is an act of war as well,” he added, despite the release of the Touska’s crew signalling some short-term goodwill between the US and Iran.

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