'I haven't slept for days': Iranians describe mounting desperation after a month of war
Ordinary people from various parts of Iran describe expanding strikes, economic pain and fear of repression.
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Ordinary people from various parts of Iran describe expanding strikes, economic pain and fear of repression.
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China is better positioned than the U.S. in the Iran war – Yale economist
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LONDON — President Trump and his Defense Secretary Pete Hegseth have been damning of the U.K.’s naval capabilities. Their jibes may have stung in a country with a long and proud maritime history, but they do carry some substance.
The U.K. has been at the forefront of Trump’s ire since the onset of the Iran war on Feb. 28, when British Prime Minister Keir Starmer refused to grant the U.S. military access to British bases.
Though that decision has been partly reversed with the decision to permit the U.S. to use the bases, including that of Diego Garcia in the Indian Ocean, for so-called defensive purposes, Trump is adamant he was let down.
He has repeatedly lashed out at Starmer and branded the Royal Navy’s two new aircraft carriers as “toys.”
“You don’t even have a navy,” he told Britain’s Daily Telegraph in comments published Wednesday. “You’re too old and had aircraft carriers that didn’t work.”
The HMS Queen Elizabeth and the HMS Prince of Wales are the largest and most powerful vessels ever constructed for the Royal Navy, though smaller and less capable than the U.S. Navy’s main fleet carriers. However, they are widely considered to be highly capable, especially for coalition warfare, despite some technical issues that have afflicted them in their first years of service.
Hegseth, meanwhile, said sarcastically that the “big, bad Royal Navy” should get involved in making the Strait of Hormuz safe for commercial shipping.
For numerous reasons, the Royal Navy is not as big and bad as it used it to be when Britannia ruled the waves. But it’s not as feeble as Trump and Hegseth imply and is largely similar with the French navy, with which it is often compared.
“On the negative side, there is a grain of truth, with the Royal Navy being smaller than it has been in hundreds of years,” said Professor Kevin Rowlands, editor of the Royal United Services Institute Journal. “On the positive side, the Royal Navy would say that it’s entering its first period of growth since World War II, with more ships set to be built than in decades.”
It’s not that long ago that Britain could muster a task force of 127 ships, including two aircraft carriers, to sail to the south Atlantic after Argentina’s invasion of the Falkland Islands, a British overseas territory. That 1982 campaign, which then-U. S. President Reagan was lukewarm about, marked the final hurrah of Britain’s naval pedigree.
Nothing on that scale, or even remotely, could be accomplished now. Since World War II, Britain’s combat-ready fleet has declined substantially, much of it linked to changing military and technological advances and the end of empire. But not all.
The number of vessels in the Royal Navy fleet, including aircraft carriers, destroyers frigates and submarines has fallen from 166 in 1975 to 66 in 2025, according to the Associated Press’ analysis of figures from the Ministry of Defense and the House of Commons Library.
Though the Royal Navy has two aircraft carriers at its command, there was a seven-year period in the 2010s when it had none. And the number of destroyers has halved to six while the frigate fleet has been slashed from 60 to just 11.
The Royal Navy faced criticism for the time it took to send the HMS Dragon destroyer to the Middle East after the war with Iran broke out. Though naval officials worked night and day to get it shipshape for a different mission than the one it was readying for, to many it symbolized the extent to which Britain’s military has been gutted since the fall of the Berlin Wall in 1989.
For much of the Cold War, Britain was spending between 4% and 8% of its annual national income on its military. After the Cold War, that proportion steadily dropped to a low of 1.9% of GDP in 2018, fuel to Trump’s fire.
Like other countries, Britain, largely under the Labour governments of Tony Blair and Gordon Brown, sought to use the so-called “peace dividend” following the collapse of the Soviet Union to divert money earmarked for defense to other priorities, such as health and education.
And the austerity measures imposed by the Conservative-led government in the wake of the global financial crisis of 2008-09 prevented any pickup in defense spending despite the clear signs of a resurgent Russia, especially after its annexation of Crimea and parts of eastern Ukraine.
In the wake of Russia’s full-blown invasion of Ukraine in 2022, and with another Middle East war underway, there’s a growing understanding across the political divide that the cuts have gone too far.
Following the Ukraine invasion, the Conservatives started to turn the military spending tide around. Since the Labour Party returned to power in 2024, Starmer is seeking to ramp up British defense spending, partly at the cost of cutting the country’s long-vaunted aid spending.
Starmer has promised to raise U.K. defense spending to 2.5% of gross domestic product by 2027, and the updated goal is now for it to rise to 3.5% of GDP by 2035, as part of a NATO agreement pushed by Trump. That, in plain terms, will mean tens of billions pounds more being spent — a lot more equipment for the armed forces.
The pressure is on for the government to speed that schedule up. But with the public finances further imperiled by the economic consequences of the Iran war, it’s not clear where any additional money will come.
The jibes will likely keep coming even though the critiques are unfair and far from the truth, said RUSI’s Rowlands, who was a captain in the Royal Navy.
“We are dealing with an administration that doesn’t do nuance,” he said.
Pylas writes for the Associated Press.
Islamabad, Pakistan – Pakistan intends to continue to nudge the United States and Iran towards negotiations aimed at ending their war, but the Ministry of Foreign Affairs acknowledges “obstacles” in its efforts.
Foreign Office spokesperson Tahir Andrabi did not specify the roadblocks on the path to peace that he was referring to. But his comments, made during a weekly media briefing in Islamabad, came hours after US President Donald Trump threatened to bomb Iran “back to the Stone Ages” if it did not accept Washington’s terms for a peace deal.
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Pakistan has been leading a multination effort to facilitate negotiations between the US and Iran.
“Despite challenges and obstacles, Pakistan will continue its efforts to promote facilitation and dialogue,” Andrabi said. He added that Islamabad was working to create conditions for “meaningful negotiations among relevant stakeholders”.
He said the US and Iran had confidence in Pakistan’s role as a neutral intermediary.
In a sign of that confidence, Iran has allowed 20 Pakistani-flagged vessels to transit the Strait of Hormuz. Andrabi called it “a harbinger of peace” and a positive step for regional stability.
He did not confirm whether any Pakistani ship had so far sailed through the strait.
The Hormuz route has been largely blocked since Iran began restricting oil and gas shipments following the outbreak of the US-Israel-Iran conflict on February 28. The disruption has driven up energy prices and triggered widespread economic strain.
Andrabi also pointed to sustained high-level contact between Islamabad and Tehran. He cited a March 28 call in which Iranian President Masoud Pezeshkian spoke with Prime Minister Shehbaz Sharif, stressing the need to “build trust in order to facilitate talks and mediation” and praising Pakistan for its “supportive role for peace”.
The briefing came just a day after Deputy Prime Minister and Foreign Minister Ishaq Dar returned from Beijing, where he met China’s Foreign Minister Wang Yi.

The visit produced a joint five-point initiative calling for an immediate ceasefire, urgent diplomatic engagement to prevent further escalation, and the restoration of normal maritime traffic through the Strait of Hormuz.
Andrabi said the Chinese-Pakistani plan had since been shared with Iran, the US and other stakeholders, receiving appreciation “across the region and beyond”.
He added that the proposals were consistent with the outcome of the four-nation ministerial meeting held in Islamabad the previous weekend — the foreign ministers of Saudi Arabia, Turkiye and Egypt joined Dar for those talks.
Dar travelled to Beijing despite medical advice to rest after sustaining a hairline fracture during the Islamabad talks, a move Andrabi said reflected the importance Pakistan places on its ties with China. “The Chinese side expressed deep appreciation, conveying that China and Pakistan are strategic cooperative partners,” he said.
The Islamabad meeting between Pakistan, Saudi Arabia, Turkiye and Egypt was the second such gathering in a coordinated regional push to de-escalate tensions. The first was held in Riyadh on March 19.
Following those talks, Dar said Pakistan was prepared to host direct US-Iran negotiations “in the coming days”.
“Pakistan will be honoured to host and facilitate meaningful talks between the two sides for a comprehensive and lasting settlement,” he said on March 30.
At Thursday’s briefing, Andrabi reiterated that offer, confirming Pakistan had formally “offered to host and facilitate negotiations as part of its broader diplomatic outreach”.
He said the next phase of efforts would focus on securing “meaningful negotiations among relevant stakeholders”.
He appeared to acknowledge that Iran — which has so far denied any direct negotiations with the US and has insisted that the mediation is limited to messages being passed between Tehran and Washington by Islamabad — was not fully on board with the efforts to push the warring nations towards talks.
“Iran, as a sovereign country, determines its own policies,” Andrabi said.
Separately, the Pakistani Foreign Ministry confirmed sending a delegation of senior officials to the northwestern Chinese city of Urumqi for talks with Afghanistan. It is the first substantive contact since Islamabad launched cross-border strikes in late February.
The Urumqi meeting on Wednesday focused on exchanging views on the current escalation, Andrabi said.
“Our participation is a reiteration of our core concerns,” he said. “The burden of real process, however, lies with Afghanistan, which must demonstrate visible and verifiable actions against terrorist groups using Afghan soil against Pakistan.”
Pakistan launched Operation Ghazab lil-Haq on the night of February 26, targeting what it described as sanctuaries of “terrorists” in Afghanistan, following what it called unprovoked fire from across the border by Afghan Taliban forces.
After a five-day pause from March 18 to 23 for Eid-ul-Fitr, partly in response to de-escalation requests from Saudi Arabia, Qatar and Turkiye, Andrabi confirmed the operation was continuing.
“There has been no change in Operation Ghazab lil-Haq, and operations are continuing,” he said.
Islamabad has repeatedly accused the Taliban administration in Kabul of enabling groups such as Pakistan Taliban, known by the acronym TTP, which have repeatedly launched deadly attacks inside Pakistan, to operate from Afghan soil. Kabul denies those allegations.
Islamabad says its concerns remain unaddressed, and violence has surged since the Taliban’s return to power in August 2021.
China has also played a role in facilitating engagement between Pakistan and Afghanistan, including meetings in Beijing in May and in Kabul in August.
“Donald Trump’s actions in Iran will be considered one of the greatest policy blunders in the history of our country, failing to articulate objectives, alienating allies, and ignoring the kitchen table problems Americans are facing,” Schumer wrote on X. “He is completely unfit to be Commander-in-Chief and the whole world knows it.”
EXPLAINER
As the war enters day 34, US President Donald Trump said Washington was close to achieving its objectives.
Iran has launched a new wave of missiles at Israel after United States President Donald Trump said Washington had “destroyed the Iranian military” and was close to achieving its war objectives.
Trump’s address to the nation came hours after he said Tehran had asked for a ceasefire, a claim Iran denied.
Meanwhile, Iran’s President Masoud Pezeshkian said his country held no hostility towards the people of the United States, Europe or neighbouring countries.
Here is what we know:
WASHINGTON — President Trump signaled Wednesday that the United States is eyeing an offramp in its war with Iran, as he also raised the possibility of a major shift in U.S. alliances, including the potential withdrawal from NATO.
Trump indicated in a social media post that Iran’s president wanted a ceasefire, and that the United States would be open to doing so, if Iran agrees to reopen the Strait of Hormuz, a vital oil shipping route that has been affected during the monthlong conflict.
“Until then, we are blasting Iran into oblivion or, as they say, back to the Stone Ages!!!” Trump wrote.
The remarks appeared to outline a possible diplomatic opening with Tehran, but hours later Iranian officials said that Trump’s claims about being close to a deal were “false and baseless” and that the waterway remained “firmly and decisively under the control” of the Islamic Republic’s forces.
“The strait will not be opened to the enemies of this nation through the ridiculous spectacle by the president of the United States,” the paramilitary Islamic Revolutionary Guard Corps wrote in a statement.
Iranian President Masoud Pezeshkian on Wednesday also wrote a public letter denouncing what he described as a “flood of distortions and manufactured narratives” about the war from the U.S., arguing that Iran is not a threat and had only defended itself against American aggression.
He called on the American people to “look beyond the machinery of disinformation” to reach their own conclusions about the war and its purpose.
“Is ‘America First’ truly among the priorities of the U.S. government today?” he wrote, echoing recent complaints from Trump’s own base about the president’s commitments to his campaign promises.
The dueling messages underscored the uncertainty about how much longer the conflict in the Middle East will last and whether the United States will be able to achieve its main goal of preventing Iran from ever producing a nuclear weapon.
Trump, who on Tuesday said he expects the U.S. will leave Iran within three weeks, was poised to address the nation Wednesday night about the war. The White House said the president’s address would formally outline the objectives of Operation Epic Fury, whose mission has at times been convoluted even as Trump administration officials maintain their explanations for waging the war have been “clear and unchanging.”
White House Press Secretary Karoline Leavitt announced Trump’s speech late Tuesday, after Trump downplayed remarks made by Defense Secretary Pete Hegseth about Iran’s lingering military capabilities.
In the lead-up to those remarks, Trump told Reuters that he was looking to pull American forces from the region “quickly” with the possibility of returning to Iran periodically for “spot hits” when necessary.
The president, who said he believed the U.S. military is close to ensuring Iran loses its ability to possess a nuclear weapon in the future, did not seem too worried about Iran having highly enriched uranium in its stockpiles.
“That’s so far underground, I don’t care about that,” he told Reuters, adding that the U.S. military will be “watching it by satellite.”
Trump, however, remained focused on having Iran reopen the Strait of Hormuz, an oil route through which a fifth of the world’s oil flows.
He said this week that he may pull American forces from the region and leave other countries to deal with the hurdles of reopening the waterway. But on Wednesday, he seemed to walk back that stance, and said a key part of the ongoing negotiations hinged on Iran ending the de facto blockade on the strait.
It remains unclear whether Israel, which began bombing Iran alongside the U.S. on Feb. 28, would agree to the same terms as Trump and stop hostilities against Iran.
Talks about the potential end of the conflict led stocks to rise Tuesday, but it remains unclear whether higher food prices could persist for months or longer. It is also uncertain when U.S. gas prices — which jumped past an average of $4 a gallon this week for the time since 2022 — would go lower.
As Trump considers pulling out of Iran, he is also weighing a withdrawal from NATO, telling Reuters that fellow member states’ lack of support during the war has him “absolutely” considering withdrawing from the security alliance, which was ratified by the Senate in 1949.
In an interview with Fox News on Tuesday night, Secretary of State Marco Rubio said the U.S. is planning to “reexamine” its relationship with the North Atlantic Treaty Organization and whether it makes sense to be part of a “one-way-street” alliance.
“Why are we in NATO?” Rubio said. “Why do we send trillions of dollars and have all of these Americans stationed in the region, if in our time of need, we are not going to be allowed to use those bases?”
Rubio’s comment marks a notable evolution from his position in Congress. As senator in 2023, Rubio helped spearhead legislation that said the president “shall not suspend, terminate, denounce, or withdraw the United States” from NATO unless the Senate agrees by a two-thirds vote to do so.
On Wednesday, Rubio told CBS that he maintains Congress should play a role on whether the U.S. should withdraw from NATO. He added that he does not believe Trump “will remove us from NATO,” but he does believe the president will demand that NATO allies “do more.”
In a joint statement Wednesday, Sens. Mitch McConnell (R-Ky.) and Chris Coons (D-Del.) said that the United States will remain in the treaty and that the Senate “will continue to support the alliance for the peace and protection it provides America, Europe and the World.”
Although Trump has previously threatened to end U.S. membership in NATO, his most recent remarks have put added pressure on European allies to revisit the terms of their relationship.
In a post on X, Finnish President Alexander Stubb said he had a “constructive discussion” with Trump on Wednesday about NATO.
“Problems are there to be resolved, pragmatically,” Stubb wrote.
Their conversation came after Trump and Hegseth complained that European countries have been hesitant to help the U.S. in its war against Iran. Just this week, Italy and Spain refused to allow U.S. warplanes from landing at their military bases before flying to the Middle East.
Britain’s prime minister, Keir Starmer, defended NATO on Wednesday, saying it was the “single most effective military alliance the world has ever seen” and, more broadly, said he would not cave to pressure to join the Iran war.
“Whatever the pressure on me and others, whatever the noise, I’m going to act in the British national interest in all the decisions that I make,” Starmer told reporters. “That’s why I’ve been absolutely clear that this is not our war, and we’re not going to get dragged into it.”
As diplomatic efforts continue, the Trump administration has increased its military presence in the Middle East, with thousands of U.S. troops arriving in the region as ground operations in the war remain an option.
The U.S. military buildup in the Mideast came as fighting continued to escalate in the Persian Gulf region on Wednesday.
Iran hit an oil tanker off Qatar’s coast, prompting the evacuation of 21 crew members. In Bahrain, there were alerts for incoming missiles, while Kuwait’s state-run news agency KUNA reported that a drone hit a fuel tank at Kuwait International Airport. Meanwhile, Jordan’s military intercepted a ballistic missile and two drones fired by Iran, and an airstrike in Tehran appeared to have hit the former U.S. Embassy compound.
Additionally, Israeli strikes killed at least five people on a Beirut neighborhood. Israel invaded southern Lebanon in March after the Iran-linked militant group Hezbollah began launching missiles into northern Israel.
This article includes reporting from the Associated Press.

April 1 (UPI) — President Donald Trump told the nation Wednesday night that the U.S. military was close to achieving its goals in the war against Iran and would bomb the nation “back to the stone ages where they belong” over the next two weeks to finish the job.
In the nearly 20-minute, prime-time address to the nation, Trump repeated claims of military successes in the war, while offering little new information about the progress of Operation Epic Fury.
He said U.S. forces “have delivered swift, decisive, overwhelming victories on the battlefield” and “never in the history of warfare has an enemy suffered such clear and devastating large-scale losses in a matter of weeks.”
“Our enemies are losing and America, as it has been for the five years under my presidency, is winning and now winning bigger than ever before,” he said.
Trump offered no specifics on how or precisely when the war will end, while claiming the military objectives he announced shortly after the war began in late February were “nearing completion.”
“We’re going to finish the job. And we’re going to finish it very fast. We’re getting very close,” he said.
In his early Feb. 28 address, he said the military goals were to defend the American people by eliminating threats posed by Iran; ensure its proxy militias no longer destabilize the region and attack U.S. forces; destroy its missile capabilities, missile industry and navy; and ensure the Iranian regime does not obtain a nuclear weapon.
His first address notably encouraged regime change, urging Iranians to “take over your government.”
In his address Wednesday night, Trump claimed regime change had occurred, though there has been no clear indication Iran is under fundamentally different leadership.
Democrats were quick to criticize Trump over what they called shifting military objectives and for failing to lay out an exit plan.
“This war of impulse & illusion is plagued by confused, chaotic & contradictory objectives — none seem to have been achieved,” Sen. Richard Blumenthal of Connecticut said in a statement.
Trump also said the U.S. military was fighting the war to help its allies, while calling on those who receive oil that transits through the important Strait of Hormuz chokepoint to “take care of that passage.”
Iran has been maintaining a blockade of the important trade route through which 20% of global oil and liquefied natural gas flow by attacking tankers that attempt passage.
The near halt in energy deliveries through the route has drive up gas prices at pumps in the United States and across the world but also the price of oil on the markets to $106.05 a barrel for Brent crude, compared to about $72 before the war.
He instructed those nations reliant on the Hormuz Strait to seize it from Iran.
“They must cherish it. They must grab it and cherish it,” he said. “They can do it easily. We will be helpful, but they should take the lead in protecting the oil that they so desperately depend on.”
But even if they do not act, “when this conflict is over, the strait will open up naturally,” he said. “It’ll just open up naturally.”
While briefly touching on the economic effects of the war on Americans, he blamed Iran for attacking tankers and Persian Gulf countries while assuring them that the economic situation would have been worse if they hadn’t attacked Iran and allowed it to secure a nuclear weapon.
“This is yet more proof that Iran can never be trusted with nuclear weapons. They will use them and they will use them quickly,” he said. “It would lead to decades of extortion, economic pain and instability worse than you can ever imagine.”
Threats against Iran were also made. Despite ssaying the U.S. military will “hit them extremely hard over the next two weeks,” American forces will attack key oil and electric generating plants if Iran does not reach an agreement with the United States, seemingly to end the war.
Trump late last month offered Iran an ultimatum to reach an agreement with the United States to reopen the Strait of Hormuz or have its energy facilities obliterated. He gave them an April 6 deadline.
On Tuesday, the president told reporters that a deal with Iran was unnecessary.
In concluding his address Wednesday night, he referred to the war as “a true investment in your children and grandchildren’s future.”
“Tonight, every American can look forward to a day when we are finally free from the wickedness of Iranian aggression and the specter of nuclear blackmail,” he said.
WASHINGTON — In his first formal address to the nation since launching a war on Iran more than a month ago, President Trump on Wednesday night repeated a familiar list of claimed successes — and brushed aside setbacks — while providing little clarity on a clear path to ending the conflict.
“We are going to finish the job, and we’re going to finish it very fast. We are getting very close,” the president said from the White House.
Trump said Iran is “no longer a threat,” yet spoke of potentially needing to escalate the conflict and increase bombings on Iran’s energy and oil infrastructure if it continues to fight back.
“If there is no deal, we are going to hit each and every one of their electric generating plants, very hard and probably simultaneously,” he said. “We have not hit their oil, even though that’s the easiest target of all, because it would not give them even a small chance of survival or rebuilding. But we could hit it, and it would be gone, and there’s not a thing they could do about it.”
Trump earlier this week said he expects to pull American forces from Iran within three weeks, and emphasized that the United States does not have to be in the Middle East but that it is only there to “help our allies.”
In his speech, Trump did not lay out a specific timeline for an exit strategy, but said the the U.S. is “on track to complete all of America’s military objectives shortly, very shortly.”
“We are going to hit them extremely hard over the next two to three weeks. We are going to bring them back to the Stone Ages, where they belong,” he said. “In the meantime, discussions are ongoing.”
He also repeated his assertions, made for weeks, that the U.S. has basically already defeated Iran and won the war, which he characterized as a “decisive, overwhelming victory.”
He also stressed that it is “very important that we keep this conflict in perspective,” before listing out — by month and day — the length of World War I, World War II, the Korean War, the Vietnam War and the Iraq War.
Prior to Wednesday night’s formal address, Trump had only spoken of the war — which U.S. and Israel launched against Iran on Feb. 28 — in less formal settings, during media gatherings and other public events.
The speech was a key messaging moment for the president, who, 33 days into the war, has struggled to clearly explain the scope and objectives of a conflict that has killed thousands of people in Iran and neighboring countries and disrupted global markets.
Trump repeatedly insisted that the U.S. is doing great, is “in great shape for the future,” and doesn’t need the oil that Iran has put a stranglehold on in the Strait of Hormuz, ignoring the clear effects of the war and those disruptions on the U.S., including on gas prices.
Those effects are already contributing to fractures within Trump’s base. Some have expressed frustration with the administration’s decision to enter a new conflict in the Middle East, concerns that could become a political liability for Republicans ahead of the high-stakes midterm elections in November.
In his remarks, Trump appeared to be speaking to those who have criticized him for deviating from his campaign promises by entering the war, saying he had promised to never allow Iran to have a nuclear weapon “from the very first day” he announced his first presidential campaign in 2015.
Trump has repeatedly downplayed the economic pressure the war has placed on Americans, including rising gas prices, arguing that the short-term financial strain is necessary for national security. He has also promised that gas prices will “come tumbling down” when the conflict ends.
“Gas prices will rapidly come back down,” Trump repeated on Wednesday. “Stock prices will rapidly go back up. They haven’t come down very much. Frankly, they came down a little bit, but they’ve had some very good days.”
Trump appeared less energetic during his evening speech than during some of his previous daytime events, where he has consistently maintained an upbeat tone about the war, while offering inconsistent accounts of what his administration aimed to achieve, or how long and what it would take to meet those objectives.
Those inconsistencies were evident even hours ahead of the address. In an interview with Reuters, he said he was not concerned about the enriched uranium held by Tehran — a statement that appeared to undercut a central justification for the war.
“That’s so far underground, I don’t care about that,” Trump said, adding that the U.S. military will be “watching it by satellite.”
In public remarks ahead of the address, Trump said the war was launched to prevent Iran from developing a nuclear weapon, but also that the U.S. had completely obliterated Iran’s nuclear capabilities months prior, in separate attacks over the summer. He also said he was worried about Iran’s enriched uranium, wanted the U.S. to take it, and would even consider sending U.S. forces inside Iran to collect it.
There have also been mixed messages about the U.S.’s intentions for Iran’s leadership since Iran’s Supreme Leader Ayatollah Ali Khamenei was killed at the start of the conflict, leaving a leadership vacuum that was filled by his son, Mojtaba Khamenei, a 56-year-old hard-line cleric who Trump initially called an “unacceptable choice.”
As Iran’s clerical rulers maintained a firm grip on the country, Trump administration officials, such as Secretary of State Marco Rubio, argued that U.S. war objectives had “nothing to do” with Iran’s leadership. But Trump in recent days has repeatedly talked about how “regime change” was achieved.
On Wednesday, Trump said a deal remained within reach with Iran’s new leaders, who he called “less radical and much more reasonable.”
Hours before Trump was to deliver his speech, Rubio posted a video which he began by saying, “Many Americans are asking, ‘Why did the United States have to attack Iran now?’” — an apparent acknowledgment that Trump’s own answers to that question in recent days may have failed to resonate.
Rubio also pushed another rationale for the war that the administration has floated on and off for the past month — saying Iran was building up an arsenal of missiles and drones to shield its nuclear ambitions, and that the war was the “last best chance” for the U.S. to eliminate those weapons capabilities before it was too late.
“We were on the verge of an Iran that had so many missiles and so many drones that nobody could do anything about their nuclear weapons program in the future,” Rubio said. “That was an intolerable risk.”
Others also tried to frame the war narrative Wednesday.
Prior to Trump’s speech, Iran President Masoud Pezeshkian issued a public letter denouncing what he described as “a flood of distortions and manufactured narratives” from the U.S., and arguing Iran is not a threat and has only ever defended itself against U.S. aggression.
He called on the American people to “look beyond the machinery of misinformation” from the Trump administration and reach their own conclusions about the war and its purpose, at one point echoing a question also being asked by some in Trump’s base: “Is ‘America First’ truly among the priorities of the U.S. government today?”
He noted Iran was in the midst of nuclear negotiations with the U.S. when the U.S. attacked it “as a proxy for Israel,” and accused U.S. leaders of committing a “war crime” by targeting Iran’s energy and industrial facilities.
“Exactly which of the American people’s interests are truly being served by this war?” he asked.
Iran denies seeking a truce and keeps up counterattacks, as US-Israeli raids cause deaths and damage across the country.
Oil prices slide ahead of Trump TV address that may see war curtailed in 2-3 weeks
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WASHINGTON — As President Trump assembled his Cabinet last week, he asked Secretary of State Marco Rubio and Vice President JD Vance to give an update on the Iran war.
Rubio, known for his hawkish views, gave an impassioned defense of the war, calling it “a favor” to the United States and the world.
Vance, who has long pushed for restraint in U.S. military intervention overseas, was more sedate. He said that the U.S. now has “options” it didn’t have a year ago and that it is important Iran does not get a nuclear weapon — before redirecting his remarks toward wishing the troops a happy Easter.
The exchange was a distillation of their diverging postures toward the war that their boss has launched in Iran. And it comes as some would-be Republican presidential candidates begin quietly courting officials in key states like New Hampshire in the early stages of the GOP’s next nomination fight.
With Vance and Rubio seen as the party’s strongest potential candidates in a 2028 primary, the two have to balance their roles in the Trump administration with their future political plans.
“It’s very obvious from the way that Rubio talks about Iran and the way that Vance talks about Iran that they are of different casts of mind,” said Curt Mills, the executive director of “The American Conservative” magazine and a vocal critic of the war. The Cabinet meeting episode was telling, he said, because it seemed as though Vance, discussing Easter, was “literally trying to talk about anything else other than the war.”
The White House addressed the Rubio-Vance relationship on Wednesday in an unsolicited statement after the initial publication of this article.
“President Trump has full confidence in both Vice President Vance and Secretary Rubio, who continue to be trusted voices within the administration,” said White House spokesperson Anna Kelly. “He values both the vice president and the secretary’s opinions and wealth of expertise.”
It’s too soon to forecast how Republican voters might feel about the war next spring, when the 2028 contest is expected to begin in earnest, but the risks for both Vance and Rubio are acute. Rubio’s full-throated support for the war could come back to haunt him depending on how the conflict develops. Vance, meanwhile, would risk accusations of disloyalty if he were to stray too far from Trump, but struggles to square an appearance of support for the war with his past comments.
Vance, who served in the Marines in the Iraq war, has said that Iran cannot have a nuclear weapon, but he’s long been skeptical of foreign military interventions.
Trump seemed to allude that Vance may have held onto that position in private discussions about Iran, telling reporters that Vance was “philosophically a little bit different than me” at the outset of the conflict.
“I think he was maybe less enthusiastic about going, but he was quite enthusiastic,” Trump said.
Though Vance has been careful in how he speaks about the war, what he’s not saying has been conspicuous. On a March 13 trip to North Carolina, he was twice asked by reporters if he had concerns about the conflict. Each time, he said it was important that Trump could have conversations with advisers “without his team then running their mouths to the American media.”
A few days later at the White House, when Vance was again asked if he had concerns, he accused the reporter of “trying to drive a wedge between members of the administration, between me and the president.”
For Rubio, long before he became the country’s chief diplomat, he voiced support for muscular foreign policy and American intervention abroad.
Days into the war, he told reporters that it was “a wise decision” for Trump to launch the operation, that there “absolutely was an imminent threat” from Iran and that the operation “needed to happen.”
State Department spokesperson Tommy Pigott pointed to last week’s Cabinet meeting as evidence that “the entire administration is in lockstep behind President Trump.”
“Secretary Rubio is proud to be on the team implementing President Trump’s policies, and he has a great relationship, both professionally and personally, with the entire team,” Pigott said.
The apparent split between Rubio and Vance on the Iran war is emblematic of the divide starting to cleave within the Republican Party. A recent survey from The Associated Press-NORC Center for Public Affairs Research found some divisions within the GOP on Iran, with about half of Republicans saying the U.S. military action has been “about right.” Relatively few Republicans, about 2 in 10, say military action has not gone far enough, while about one-quarter say it’s gone too far.
While some conservatives have described the war as a betrayal, many other Republicans have cheered on the president’s actions.
Alice Swanson, a 62-year-old who attended Vance’s event in North Carolina, said she wants Vance and Rubio to run together in 2028 but favors the vice president.
“I think he fully believes and supports exactly what his convictions are,” Swanson said.
Swanson acknowledged, nonetheless, that Vance has been an outspoken opponent of interventionist policy but has been quieter on the subject since the war. “I can see both sides,” Swanson said after expressing full support for Trump’s decisions.
Tracy Brill, a 62-year-old from Rocky Mount, spoke highly of Rubio, but declared, “I love JD Vance.”
She made it clear she sides with the president, calling the course he’s taken “spot on.” But she defended the vice president if he seems at odds with his past statements, noting politicians do it frequently. “They’ve all changed their positions at one point or another,” she said.
However, Joe Ropar, attending the Conservative Political Action Conference last week, said Rubio’s unequivocal support for the Iran war helped crystallize his preference for the secretary of state for 2028.
“I’m not looking at JD Vance for president, and it’s for stuff like that,” said Ropar, a 72-year-old retired military contractor from McKinney, Texas. “I don’t 100% trust him.”
Benjamin Williams, of Austin, Texas, said at CPAC that both Trump and Vance are “tied to this war.” The 25-year-old marketing specialist for Young Americans for Liberty is looking elsewhere for a candidate.
Whether the war becomes a political problem for Vance and Rubio depends on who ultimately enters the GOP’s next presidential primary.
While Vance and Rubio are currently considered the overwhelming front-runners, former New Hampshire Gov. Chris Sununu expects a half dozen high-profile Republicans to enter the contest.
Sununu and former RNC Committeewoman Juliana Bergeron told The Associated Press that multiple Republican presidential prospects have reached out to them in recent weeks to discuss the political landscape in the state that traditionally hosts the opening presidential primary; they declined to name them.
Republican strategist Jim Merrill, a top New Hampshire adviser for Rubio’s 2016 presidential bid, predicted that Iran would become a flashpoint in 2028 — just as the Iraq war was for Democrats in 2004 and 2008.
“If for some reason things don’t go as anticipated, there will be contrasts drawn,” he said.
Still, Sununu is doubtful that Iran would become a meaningful dividing line in a prospective Vance-Rubio matchup given their status as prominent members of the Trump administration. Both will likely take credit if the conflict ends well, and both would look bad if it does not, he predicted.
“They’re tied together with the success or failure of Iran. It doesn’t really separate one versus the other, at least I don’t think that’s how the electorate will see it,” Sununu said.
Price and Peoples write for the Associated Press. Peoples reported from New York. AP writers Matthew Lee in Washington, Bill Barrow in Rocky Mount, N.C., and Thomas Beaumont in Grapevine, Texas, contributed to this report.
Tehran, Iran – Government supporters have taken to the streets in Iran to celebrate the anniversary of a referendum nearly half a century ago that solidified the Islamic Republic’s hold on power, even as the United States and Israel continued their attacks on the country.
President Masoud Pezeshkian and Foreign Minister Abbas Araghchi were among officials who joined pro-establishment rallies on the streets of Tehran on Tuesday night to mark Islamic Republic Day, when the nascent theocratic system in 1979 announced it had garnered 98.2 percent of the popular vote shortly after an Islamic revolution.
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Shortly after and in the early hours of Wednesday morning, Washington bombed the site of the former US embassy in Tehran, in an apparent move tied to the symbolism of Islamic Republic Day. Footage from state media showed destruction and debris and smoke in the area, which is guarded by the Islamic Revolutionary Guard Corps (IRGC).
On Wednesday afternoon, authorities hoisted what they said was Iran’s tallest and heaviest flag at 150 metres (492 feet) and 300kg (660 pounds) in an area of downtown Tehran.
Festivities began on Tuesday night, and more gatherings are expected on Wednesday night, as political, military and religious leaders say followers must ensure security on the streets, backed by armed forces, to fend off any local dissent and incitement towards regime change from opponents.
Araghchi, Tehran’s top diplomat, who told Al Jazeera in an interview on Tuesday that he has been exchanging messages with Washington but has not responded to requests for negotiations, told state television that he joined supporters to “gain spirit” and encouragement. The president was seen taking selfie photos with people on the streets while flanked by masked bodyguards.
Hassan Khomeini, the son of Ruhollah Khomeini, who led the 1979 revolution and became the first supreme leader before his death in 1989, said it was incumbent upon them from an Islamic standpoint to remain on the streets every night until the war is over, no matter how long it takes.

“The enemy might make a thousand plots in order to cut off our communication, but our trenches are the mosques, alleys, squares and streets,” he said.
People shown by state media in various cities chanted “Death to America” and “Death to Israel” in addition to a series of religious slogans.
The authorities issued calls to action for people to participate in group marches while waving flags. Religious singers and eulogists also performed religious songs that drew on the influence of revered figures in Shia Islam.
The paramilitary Basij forces of the IRGC, as well as other armed forces, patrolled the streets and set up checkpoints and roadblocks across the city.
But they were not the only forces present.
Hamid al-Hosseini, a senior clerical and paramilitary figure affiliated with the IRGC and Iraq’s Hashd al-Shaabi, also known as the Popular Mobilisation Forces (PMF) of Iran-aligned fighters, confirmed that Iraqi nationals were widely situated on the streets of the Iranian capital.
While surrounded by those attending state-run festivities in downtown Tehran, he told the IRGC-linked Tasnim news agency that Iraqi “mokebs” or religious food and services stations are now located around “various squares” in order to “offer a little help to the Iranian people and learn resilience from them”.
This comes days after Hashd al-Shaabi fighters, while wearing military attire and in some cases, clerical turbans, proudly marched the streets of cities in southwestern Iran’s Khuzestan in dozens of pick-up trucks while delivering what they called “humanitarian assistance”. Pezeshkian later thanked them in a post online.
There were reports that they had already been spotted in Tehran, but there was no official confirmation from Iranian authorities. Opponents and human rights organisations have for years accused the Islamic Republic of systematically using fighters from Iraq and other aligned armed forces to crack down against local dissent, a claim the authorities have rejected.
The Iranian state has remained defiant as Washington signals that it may soon deploy thousands of soldiers to the country.
Amid speculation that a ground fight could be aimed at occupying parts of Iran’s southern islands on the Strait of Hormuz, taking over oil and gas facilities, or even extracting highly enriched uranium from bombed nuclear facilities, Tehran says its defences are prepared.
Ahmad Reza Pourdastan, the head of the Iranian army’s research centre, said the armed forces have been drilling for the scenario of a US invasion since 2001, so any aggression will be met with “heavy casualties”.
The general staff of the Iranian armed forces and the Khatam al-Anbiya Central Headquarters of the IRGC, which manage the war, said Islamic Republic Day represents “fighting arrogance in order to realise the goals of independence, freedom and religious democracy”.
The armed forces will “make the enemies of the glorious nation of our dear country regret what they have done and be humiliated,” they said.
The police force added in a separate statement that the Islamic Republic “is on the verge of securing ultimate victory for the forces of good versus evil”.

Tasnim released a video that said, “Come close,” and “We are waiting for you,” in Farsi, English, Hebrew, and Arabic. The IRGC-linked Fars news agency showed footage of pro-state demonstrators calling for more missile strikes across the region.
The US and Israel again targeted Iran’s top steel manufacturing companies in a move that could cost thousands of jobs and deal another major blow to civilians living under economic malaise caused by a mix of local mismanagement and harsh US sanctions. Other attacks this week hit civilian nuclear sites, a university, and military installations, while also impacting a number of civilian homes.
Iranians continue to be concerned about a highly uncertain future while battling an unprecedented near-total internet shutdown that has left them in the dark for over a month, aside from the news disseminated by state media.
“I simply cannot afford to buy VPNs [virtual private networks] any more,” said a resident of Tehran, who said they had so far spent nearly $300 for VPN access, more than two-months salary for minimum wage workers, while being squeezed by an inflation rate of more than 70 percent.
“I’ve purchased many proxies since the start of the war, and most of the connections were cut within hours or days. I’m tired of overspending money that I need for meat and eggs on something that should be available as a basic human right,” he said.
He told Al Jazeera that two of the anonymous online vendors he had paid money to for VPN access turned out to be scammers, with the lengthy digital blackout creating a profitable black market.
Some of the vendors have been apprehended and their servers taken offline by Iranian authorities, who have also said that they are actively pursuing anyone using contraband Starlink satellite internet in connection with national security charges. State television said on Wednesday that Starlink infrastructure in the region is among Tehran’s “legitimate”.
National security and espionage charges are also being levied against anyone who is found to have committed acts of dissent, including taking videos of missile impact sites. That could entail confiscation of assets and execution, the judiciary has warned.
The Fars news agency on Wednesday released footage of “confessions” from more arrested Iranians, including a young sobbing girl with a blurred-out face, who said she had cheered US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu for attacking Iran in a clip released online, as she believed the war would help overthrow the Islamic Republic.
Amid the state-imposed information blackout, some Iranians have devised their own early warning systems, which include phone calls and text messages from people in the northern or western provinces.
“They hear the jets flying over first, so they warn us, and in many cases, we take cover and hear those jets completing their bombing runs over Tehran within minutes,” another resident of the capital said.
A senior Iranian official has laughed in response to US President Donald Trump’s claim that Iran’s president has asked for a ceasefire, Al Jazeera’s Ali Hashem says Trump’s comments come a day after Iran’s foreign minister said his country was not looking for a ceasefire.
Published On 1 Apr 20261 Apr 2026
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Higher crude prices due to the disruption in the Strait of Hormuz have helped Russia earn more from energy exports.
One nation that’s hoping to gain from the United States-Israel war on Iran is Russia, the world’s third largest oil producer. Higher crude prices due to the disruption in the Strait of Hormuz have allowed Russia to earn more from its oil and gas exports. A sanctions waiver announced by the US is also helping Moscow.
But its revised budget plans are at risk after repeated Ukrainian attacks on its ports and oil refineries. Russia has banned petrol exports to protect against domestic fuel shortages. So can Russia help fill the global energy gap, or is its capacity already under threat?
Published On 1 Apr 20261 Apr 2026
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It comes as UK-US relations have been strained by the PM’s refusal to be dragged further into the Iran war.
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LONDON — President Trump has said he is strongly considering pulling the U.S. out of NATO, ratcheting up his criticism of European allies and exposing a wider rift in the transatlantic alliance — this time over America’s war alongside Israel against Iran.
While Trump’s talk of a possible NATO pullout dates back years, the comments to Britain’s Telegraph newspaper, published Wednesday, were among the clearest and most disparaging yet — suggesting the fracture has deepened perhaps to a point of no return.
Asked whether he would reconsider U.S. membership in the alliance after the war on Iran ends, Trump replied: “Oh yes, I would say (it’s) beyond reconsideration.”
Contacted by The Associated Press, NATO did not provide an immediate comment.
British Prime Minister Keir Starmer, asked about the comment, said Britain was “fully committed to NATO” and called it “the single most effective military alliance the world has ever seen.”
Many European leaders have felt political pressure over the war, which faces opposition in their countries and has sent petroleum prices soaring as Iran has effectively shut the Strait of Hormuz, the narrow waterway between Iran and Oman through which about one-fifth of the world’s oil passes.
“Whatever the pressure on me and others, whatever the noise, I am going to act in the British national interest in all the decisions I make,” Starmer said Wednesday.
Long-simmering tensions within the alliance have bubbled up again over the war. As energy prices have spiked, Trump has been desperate to get countries to send their ships to the Strait. He’s called his NATO allies “cowards,” pulling at any rhetorical lever he can to get help with the fallout of a war that no ally was consulted on or asked to take part in.
For years, Trump has berated America’s European allies, urging them to assume greater responsibility for their own security and spend more on defense. He has argued that the U.S. has done more for them than the other way around.
A U.S. pullout would essentially spell the end of NATO, which flourished for decades under American leadership.
On Truth Social on Tuesday, Trump lashed out at countries “like the United Kingdom, which refused to get involved in the decapitation of Iran,” and suggested they buy U.S. oil or go to the Strait of Hormuz themselves “and just take it.”
He also wants allies to help fix damage from the war that they had no part in starting.
The U.K. is working on plans that could help assuage Trump.
On Thursday, Foreign Secretary Yvette Cooper will host a virtual meeting of 35 countries that have signed up to help ensure security for shipping in the Strait after the war. Starmer said military planners will also work on a postwar security plan for the strait.
NATO is built on Article 5 of its founding treaty, which pledges that an attack on any one member will be met with a response from them all.
As the Iran war has spread, missiles and drones have been fired toward NATO member Turkey and a British military base on Cyprus, fueling speculation about what might prompt NATO to trigger its collective security guarantee and come to their rescue.
The alliance has not intervened or signaled any plan to. Secretary-General Mark Rutte — who has voiced support for Trump and America’s role in the alliance — has been focusing mostly on Russia’s war against Ukraine, which borders four NATO countries.
NATO operates uniquely by consensus. All 32 countries must agree for it to take decisions, so political priorities play a role. Even invoking Article 5 requires agreement among the allies. Turkey or the U.K. cannot trigger it alone.
In the Mideast war, Trump has bristled at the across-the-board rejection from European and other allies, and even rival China, to help secure the Strait of Hormuz.
Many European Union and NATO member country leaders have fumed since the war’s outset on Feb. 28 because they weren’t informed ahead of time, seen as a break with precedent.
Trump insisted he needed the element of surprise, and he spoke out about possible military action and visibly built up U.S. forces in the region in the run-up to the war.
European leaders have called for the war to stop and want the United States and Iran to return to negotiations over Tehran’s nuclear program, which America and Israel see as a threat.
The vocal opposition in Europe to Trump’s war against Iran has started to turn into action.
Spain — the most vocal critic in Europe — on Monday said it closed its airspace to U.S. planes involved in the Iran war.
Early last month, France agreed to let the U.S. Air Force use a base in southern France after receiving a “full guarantee” from the United States that planes not involved in carrying out strikes against Iran would land there.
Other countries have spoken out against it: Frank-Walter Steinmeier, Germany’s largely ceremonial president, last week called the aggression against Iran a “dangerous mistake” in violation of international law.
U.S. relations with Europe had already soured in recent months over Trump’s call for Greenland — a semiautonomous territory of stalwart NATO ally Denmark — to become part of the United States, prompting many EU countries to rally behind Copenhagen.
Lawless and Keaten write for the Associated Press. Keaten reported from Geneva. AP writer Lorne Cook in Brussels contributed to this report.
Former US Senior State Department official Jennifer Gavito argues why US attacking Iran’s nuclear facilities may be a sign that the war is coming to an end.
Published On 1 Apr 20261 Apr 2026
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Iran’s foreign minister says message exchanges continue with Washington, but insists there are no negotiations, and no trust.
Iran’s Foreign Minister Abbas Araghchi tells Talk to Al Jazeera that Iran is not negotiating with the United States, despite ongoing exchanges of messages, including direct communication from US envoy Steve Witkoff.
Araghchi says talks lack trust, adding that no response has been given to US proposals, and that there is no basis for negotiations. Araghchi outlines Iran’s conditions for ending the war, warns against threats and deadlines, and signals a readiness to continue defending the country as regional tensions escalate.
Published On 1 Apr 20261 Apr 2026
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Shrapnel from an Iranian drone interception kills a Bangladeshi national in the UAE’s Fujairah city.
Iran’s drones have hit fuel tanks at Kuwait’s international airport, causing a large blaze, and authorities in Bahrain have reported a fire at an undisclosed company facility, as the United States-Israel war on Iran continues for a fifth week.
Abdullah al-Rajhi, a spokesman for the General Directorate of Civil Aviation in Kuwait, on Wednesday said the airport had been subjected to “brazen attacks by drones from Iran and the armed factions it supports”.
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The raids targeted fuel tanks at the airport, “leading to a large fire breaking out at the site”, al-Rajhi was quoted as saying by the official Kuwait News Agency (KUNA).
Emergency teams were on site, and “the damage is material with no human injuries,” he said.
Bahrain’s Ministry of Interior said civil defence crews were “extinguishing a fire in a facility of a company as a result of the Iranian aggression”.
“Relevant authorities are taking their measures at the site,” it added, without naming the company.
A tanker was hit by an unknown projectile near the Qatari capital Doha, causing damage to the hull at the waterline, the United Kingdom Maritime Trade Operations said, adding the crew were safe.
The vessel was struck about 17 nautical miles (equivalent to about 32km) north of Qatar’s Ras Laffan industrial hub, the country’s main gas production facility, which was hit by Iranian missiles last month, causing significant damage.
Confirming the incident, Qatar’s Ministry of Defence said the country was targeted by three cruise missiles launched from Iran, one of which struck an oil tanker.
In a post on X, the ministry said it intercepted two of the missiles, while the third hit a tanker leased to QatarEnergy. The tanker’s 21-person crew was evacuated, the ministry said. No injuries were reported.
In the United Arab Emirates (UAE), the official WAM news agency said shrapnel from a drone interception fell on a farm in the al-Rifaa area of Fujairah city and killed a Bangladeshi national. It said authorities were dealing with the incident.
Saudi Arabia’s Ministry of Defense said several drones were “intercepted and destroyed”, without reporting any injuries.
The oil-rich Gulf has borne the brunt of Iran’s attacks in response to the US-Israeli air strikes on the country.
Iran has claimed to be attacking US assets in the region, but Gulf nations say Tehran has targeted civilian infrastructure.
On Tuesday, a United Nations Development Programme (UNDP) report said gross domestic product (GDP) in the Arab world was estimated to decline by approximately 3.7 to 6 percent after a month of war, equivalent to a contraction of $120bn to $194bn.
Meanwhile, US President Donald Trump and his administration have sent contradictory statements about how and when the war might end.
“We’ll be leaving very soon,” Trump told reporters at the White House on Tuesday, saying the exit could take place “within two weeks, maybe two weeks, maybe three”.
Washington had previously threatened to intensify operations if Tehran did not accept a 15-point US ceasefire framework that had, among its core demands, commitments by Iran not to pursue nuclear weapons, halt all uranium enrichment and fully reopen the Strait of Hormuz.
Tehran dismissed the proposal as “maximalist” and “unreasonable”, stressing it is not seeking war and wants a permanent end to the conflict. It also demanded compensation for the destruction caused by US-Israeli attacks against the country.
Police inspect a strike site in Tel Aviv after a missile hit the city, causing injuries as the US-Israeli war on Iran enters its fifth week. Meanwhile, Washington signals the conflict could soon wind down, even as timelines remain unclear.
Published On 1 Apr 20261 Apr 2026
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Renewed optimism over a possible de-escalation in the Iran war, now in its fifth week, gave a strong boost to stock markets in Europe and Asia on Wednesday.
At the time of writing, the Euro Stoxx 50 is up over 1%, while the broader pan-European Stoxx 600 is around 2.5% higher.
In London, the FTSE 100 has risen roughly 0.8% with Germany’s DAX 30 and France’s CAC 40 making equal moves to the upside. Italy’s FTSE MIB has jumped the most and is 1.7% higher.
During a press gaggle at the White House on Tuesday, US President Donald Trump stated that the country would “probably” stop attacks on Iran within two to three weeks “‘whether we have a deal or not”.
Following Trump’s comments, the front month future contracts for oil also saw a sharp decline, with Brent crude and WTI both trading around 4% lower and below $100 a barrel.
Trump also stressed that the US would “not have anything to do with” what happens next in the Strait of Hormuz.
Despite the relief, markets are eagerly anticipating Trump’s address to the nation about the conflict, which will occur overnight on Wednesday, according to the White House Press Secretary.
Asian shares also rose sharply on Wednesday after Trump’s statement.
At the time of writing, South Korea’s Kospi has recovered losses from earlier this week, surging over 8%, while Tokyo’s Nikkei 225 rose more than 2%.
A survey by Japan’s central bank released on Wednesday showed that business sentiment among major manufacturers had improved despite concerns over the Iran war.
Hong Kong’s Hang Seng index is also over 2% higher, while the Shanghai Composite has jumped around 1.5%. Additionally, India’s Sensex rose roughly 2%, Australia’s ASX 200 is up 1% and Taiwan’s Taiex climbed more than 4%.
“De-escalation hopes have given markets a lift, but we think the effects of the war would, in many cases, persist even if it were to end soon,” said Thomas Mathews, head of markets for Asia Pacific at Capital Economics, in a research note on Wednesday.
US futures are also all trading between 0.7% and 1.2% higher.
The move comes after US stocks recorded their strongest day in almost a year on Tuesday, when the S&P 500 rose 2.9%, its largest gain since May.
The Dow Jones Industrial Average climbed 2.5%, while the Nasdaq jumped 3.8%.
“It’s worth considering how markets might respond if the war were to end very soon. Do markets have further to recover if sentiment continues to improve? The answer is almost certainly yes,” Mathews added.
In other trading, gold rose is up 1.4% trading at around $4,730 while silver is down roughly 1% to $74.3 an ounce.