Reeves hits out at Trump over Iran war strategy with recession a real possibility - Rachel Reeves criticised US President Donald Trump's "folly" in engaging in war with Iran without a clear exit strategy, expressing her frustration and anger. - Her comments coincide with downgraded UK economic growth projections and a warning from the International Monetary Fund (IMF) that a global recession could be a "close call" due to the conflict. - Prime Minister Sir Keir Starmer and French President Emmanuel Macron will co-host a summit in Paris to plan for securing the Strait of Hormuz for international shipping once the Middle East war ends. - A new UK Cabinet committee, the Middle East Response Committee, has been established to manage the domestic and international impacts of the conflict, including rising energy prices and stock market turmoil. - US President Donald Trump defended his blockade of Iranian ports, aimed at starving Iran of revenue, while oil prices saw a slight retreat on hopes of renewed negotiations.
Reeves hits out at Trump over Iran war strategy with recession a real possibility - Rachel Reeves criticised US President Donald Trump's "folly" in engaging in war with Iran without a clear exit strategy, expressing her frustration and anger. - Her comments coincide with downgrad…
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International mediators have proposed a 10-day ceasefire between the United States and Iran, according to a senior Iranian official cited in reports. The measure is described as intended to reduce hostilities and allow renewed talks on a prior interim agreement.
Both sides are assessing next steps in the current regional security situation.
Reports indicate that a US-Iran ceasefire has broken down amid renewed fighting, with the potential impact of mediation efforts by Pakistan, Qatar, and Oman remaining unclear. Earlier diplomatic steps included a June memorandum of understanding between the parties for further negotiations and talks hosted in Geneva in February.
The summary also references Europe’s historical role in diplomacy, including the 1814-15 Congress of Vienna.
Donald Trump stated in a Fox News interview that his representatives had spoken with Iranian officials an hour earlier and that those officials wanted to make a deal to end the conflict, though he noted they had broken prior agreements and expressed uncertainty about whether one would be reached.
He added that people do not want to die and that Iran would need to proceed carefully to avoid further losses. The remarks come amid an ongoing US-Iran conflict that has involved casualties and shipping disruptions in the Strait of Hormuz, with some social media users criticizing the repetition of similar statements.
Why the Iran-US ceasefire is falling apart Iran and the US have resumed fighting because they don’t see each other as ‘reliable negotiating partners’, says analyst Ali Vaez. Neither Iran nor the United States seems able to deliver a “knockout blow at an acceptable price” to the other side, and both know “they have no choice other than engaging in diplomacy”, but they’re not ready to make uncomfortable concessions, argues Ali Vaez, director of the Iran Project at International Crisis Group.
Vaez tells host Steve Clemons that Tehran and Washington are trying to “enforce their own interpretation” of the ceasefire agreement they signed last month. President Trump has become “frustrated” with diplomacy because he’s not seeing “the kind of quick results that he likes to see”, Vaez says.