Iran Replies to US Peace Plan, LNG Tanker Transits Hormuz, More
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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News when you want it with Bloomberg News Now. I'm Monica Ricks. We're still waiting on details on Iran's response to President Trump's latest proposal to end 10 weeks of war in the Middle East. It went to Pakistan this morning, which is acting as a mediator for this conflict. Bloomberg's Jeff Mason has more from Washington.
They've been waiting all weekend for it to come in, and now it's in. And now what we'll want to be asking and seeing is whether or not it's acceptable to President Trump, what they've responded to, and whether the conditions are enough that this ceasefire will continue so that they can move on to talks about the nuclear program in Iran that President Trump said was the actual reason for getting into this war in the first place.
Bloomberg's Jeff Mason on Bloomberg this weekend. The U.S. proposal stipulated that Iran reopened the Strait of Hormuz and Washington would end its blockade on Iranian ports in the next month. Meantime, Pakistan held talks with Iran to allow a limited number of Qatari liquefied natural gas cargos to transit the strait to help meet urgent demand. Bloomberg's Stephen Stabchinsky reports from Singapore.
Qatar supplies 20% of global supply of LNG globally. And so this does mean something in the sense that potentially more ships could get out. There could be more easing. It's going to Pakistan, which is a big deal. Not only are they a key intermediary between the US and Iran talks, but also Pakistan is dealing with an acute gas shortage. They get 99% of their LNG from Qatar last year. They've gotten basically nothing so far since the war started.
That's Bloomberg's Stephen Stapchinsky on Bloomberg this weekend. Before the war, he says three shipments of LNG would be exported through the Persian Gulf daily. And this comes as attacks continue in the region. Qatar's defense ministry says a commercial cargo ship coming from Abu Dhabi was attacked in its waters by drones. No one was injured there, but the UAE says it intercepted two Iranian drones. And dozens died as Israel and Hezbollah traded strikes across Lebanon this weekend. The Israeli military says it was targeting Hezbollah weapons storage facilities and launch sites. The cruise ship at the center of a deadly hantavirus outbreak has started the process of disembarking passengers in Spain's Canary Islands, almost a month after that virus broke out on board.
Ship Minister Monica Garcia called the operation unprecedented, requiring cooperation from 23 countries, including the U.S.
All the passengers remain asymptomatic. The entire operation is proceeding normally. And as I said, the first to disembark will be the Spanish citizens.
17 Americans are among the 147 passengers and crew members on that ship. They'll be flown back to the U.S. soon, where they'll be monitored at a facility in Nebraska. As for a possible outbreak here, Dr. Ashish Jha tells Bloomberg that risk remains very low and there's no rush to develop a vaccine.
Eventually, we need to go through, you know, kind of large clinical trials.
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