US-Israel-Iran War Latest Live News: The US-Israel-Iran war entered a crucial diplomatic phase after US President Donald Trump announced that US-Iran peace talks will begin on Monday. Trump said discussions will focus on the Iran nuclear deal, the Strait of Hormuz, and regional security after he decided to call off planned military strikes. The announcement comes as experts warn that a prolonged conflict could disrupt global oil supplies and weigh on the world economy.
US-Israel-Iran War Latest Live News: Donald Trump Announces US-Iran Peace Talks After Calling Off Strikes
Speaking to reporters aboard Air Force One on Sunday, Trump said negotiations with Iran would begin on Monday afternoon after he decided against launching what he had earlier described as World War II-level military strikes. “Obviously they don’t want to be attacked. They knew the extent of the attack because they saw it forming,” Trump said.
“Now what we’re doing is we’re talking to them in the form of a negotiation. It begins tomorrow afternoon.” The announcement signals a shift from military escalation to diplomacy as Washington seeks a negotiated outcome with Tehran.
US-Israel-Iran War Latest Live News: Iran Nuclear Deal and Strait of Hormuz to Be Key Agenda Items
Trump said the upcoming US-Iran negotiations would focus on securing a deal over the Strait of Hormuz and Iran’s nuclear programme. According to Trump, Saudi Arabia, the United Arab Emirates (UAE) and Qatar urged him to pause the planned strikes, believing diplomacy could produce an agreement.
“The reason they asked is they think there’s a deal, there’s a deal on Hormuz and there will be a deal on the nuclear—or you might call it the denuclearisation of Iran,” Trump said. The Strait of Hormuz remains one of the world’s most important energy corridors, carrying around 20% of global oil and liquefied natural gas shipments. Any disruption to the waterway can significantly impact international energy markets.
US-Israel-Iran War Latest Live News: Trump Earlier Said US Military Was ‘Locked and Loaded’
Trump’s latest remarks came just a day after he posted on Truth Social that the US military was “locked and loaded” for what he described as an unprecedented military campaign against Iran. While tensions remain high, the announcement of US-Iran peace talks suggests diplomacy is currently being prioritised. Iran has not yet publicly commented on Trump’s latest remarks.
US-Israel-Iran War Latest Live News: EY Warns Prolonged Iran War Could Push UK into Recession
Alongside the diplomatic developments, the latest EY economic outlook warned that a prolonged Iran war could push the UK economy into recession if the Strait of Hormuz remains closed until 2027. The report projects that Britain’s GDP growth could slow to 0.5% in 2026 before shrinking by 0.2% next year in a prolonged disruption scenario. It also warns inflation could rise to 6.4% by the end of 2026, driven by higher oil and energy prices.
However, if the Strait of Hormuz reopens by the end of the third quarter this year, EY expects the UK economy to grow 0.9% in 2026 and 1.2% in 2027.
US-Israel-Iran War Latest Live News: Why the Strait of Hormuz Matters
The Strait of Hormuz is considered one of the world’s most strategically important maritime routes because a significant share of global crude oil and LNG exports passes through it every day. Any agreement that ensures uninterrupted shipping through the waterway could help stabilise global oil prices, reduce inflationary pressures and improve investor confidence across international markets.
US-Israel-Iran War Latest Live News: What Happens Next?
Global attention is now focused on Monday’s US-Iran peace talks, which could shape the future of the Iran nuclear negotiations, regional security and global energy markets. Investors and policymakers will also closely monitor developments involving the Strait of Hormuz, given its importance to international oil trade.
(With inputs from agencies)
