Mediator Pakistan pushes to get US-Iran peace talks on track
Six weeks after a Six weeks after a fragile ceasefire took effect, talks to end the conflict have made little progress, while soaring oil prices have raised concern over inflation and the impact on the global economy.
Pakistan stepped up diplomacy today (21 May) to hasten US and Iran peace talks as Tehran hardened its stance on the nuclear issue and US President Donald Trump threatened new strikes if he did not receive the "right answers."
Six weeks after a fragile ceasefire took effect, talks to end the conflict have made little progress, while soaring oil prices have raised concern over inflation and the impact on the global economy.
Trump also faces domestic pressure ahead of November's midterm elections, with his approval rating dropping close to its lowest since he returned to the White House due to the surge in fuel prices.
Keep updated, follow The Business Standard's Google news channel
Pakistan's Army Chief Asim Munir will decide today whether to travel to Tehran as part of the mediation effort, three sources familiar with the negotiations told Reuters.
They sought anonymity because they were not authorised to speak to the media. Pakistan's interior minister was in Tehran yesterday.
"We're speaking to all the various groups in Iran to streamline communication and so things pick up pace," said one of the sources.
"Trump's patience running thin is a concern, but we're working on the pace at which messages are relayed from each side."
Earlier, Iran's ISNA news agency said Munir would travel to Tehran today for consultations.
"Believe me, if we don't get the right answers, it goes very quickly. We're all ready to go," Trump told reporters at Joint Base Andrews.
Asked how long he would wait, Trump said, "It could be a few days, but it could go very quickly."
Trump reiterated his determination not to allow Iran to acquire a nuclear weapon.
"We're in the final stages of Iran. We'll see what happens. Either have a deal, or we're going to do some things that are a little bit nasty, but hopefully that won't happen," Trump told reporters earlier in the day.
Iran's Revolutionary Guards have warned against renewed attacks. "If aggression against Iran is repeated, the promised regional war will extend beyond the region this time," it said in a statement.
Tehran's descriptions suggest it largely repeats terms Trump previously rejected, including demands for control of the Strait of Hormuz, compensation for war damage, lifting of sanctions, release of frozen assets and the withdrawal of US troops.
Chinese tankers cross Strait
The Strait of Hormuz, which carried a fifth of global shipments of oil and liquefied natural gas before the war, has been all but closed since it began, causing the most serious disruption to global energy supplies in history.
On Wednesday, Iran released a map showing a "controlled maritime zone" at the strait and said transit would require authorisation from an authority set up to control the area.
It said it aimed to reopen the strait to friendly countries that abide by its terms. That could potentially include fees for access, which Washington says would be unacceptable.
Two Chinese supertankers carrying a total of about 4 million barrels of oil were crossing the strait yesterday, while a South Korean tanker with 2 million barrels of crude loaded in Kuwait was also crossing the strait in cooperation with Iran.
Shipping monitor Lloyd's List said at least 54 ships had transited the strait last week, about double the previous week.
Iran said 26 ships had crossed in the past 24 hours, still only a fraction of the 125 to 140 daily passages before the war.
US-Israeli bombing killed thousands of people in Iran before the ceasefire.
Israel has also killed thousands more and driven hundreds of thousands from their homes, which it invaded in pursuit of the Iran-backed Hezbollah armed group.
Iranian strikes on Israel and neighbouring Gulf states have killed dozens of people.
Trump and Israeli Prime Minister Benjamin Netanyahu said their war aims were to curb Iran's support for regional militias, dismantle its nuclear programme, destroy its missile capabilities and make it easier for Iranians to topple their rulers.
But Iran has so far retained its stockpile of near-weapons-grade enriched uranium, and its ability to threaten neighbours with missiles, drones and proxy militias.
There has already been some drone production during the ceasefire, CNN said today, citing two sources familiar with US intelligence assessments.
Iran's clerical rulers, who put down a mass uprising at the start of the year, have faced no sign of organised opposition since the war began.
