Trump Seeks Iran War Exit, Israeli Strikes On Beirut, 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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the United States and Iran are considering a fresh proposal to end the war that has upended the global economy. Sources say Washington has presented a one-page memorandum of understanding that will gradually reopen the Strait of Hormuz and lift the American blockade on Iranian ports. Iran is expected to respond via Pakistan, acting as a mediator within the next two days. The offer caps a chaotic 48 hours as President Trump searches for an exit from the conflict that has driven up energy prices and dented his political standing. Speaking yesterday, he offered a characteristically bullish assessment of progress.
So I think we won. Now it's only a question of, look, if we left right now Iran, it would take them 20 years to rebuild. You would call that, we're in good shape, right? We're in good shape. And now we're doing well. Now we have to get what we have to get. If we don't do that, we'll have to go a big step further. But with that being said, they want to make a deal.
President Trump has repeatedly suggested a deal is close, though none has materialised under the plan. Detailed negotiations over Iran's nuclear programme would come later, with nothing yet agreed. Iranian state media have signalled that parts of the US proposal remain unrealistic to the country's leadership.
A maritime coalition led by France and the UK is preparing to escort tankers through the Strait of Hormuz if Iran accepts the US proposal to end the war. This according to a French official. The Charles de Gaulle aircraft carrier has been deployed to the Red Sea and is expected to be joined by vessels from partner nations. The move follows Iran outlining an updated process for ships seeking to transit Hormuz. However, industry executives, ship owners, vessel managers and security consultants have told Bloomberg it is still too soon and too uncertain for crossings to resume. Tom Bartoszak-Harlow is from the International Chamber of Shipping.
It's going to take time to rebuild that confidence. It's not going to be delivered by a single action. If we look at previous examples where ships have come under attack in places such as the Red Sea, for example, it took a prolonged period of time for shipping companies to have the confidence to begin transiting there again. And I think it's going to be a similar case here in the Strait of Hormuz. It's unlikely to be a snap moment that sees that transit resuming to the levels we saw before the conflict of 100 plus ships per day.
Bartoszak Harlow was referring to the roughly 135 ships that transited the strait daily before the war. Traffic is currently near zero, with an estimated 20,000 sailors stranded on vessels in the waterway.
The Israeli army has carried out an attack on the southern suburbs of Beirut. It's the first strike in the vicinity of the Lebanese capital since the US-brokered ceasefire came into effect last month. Prime Minister Benjamin Netanyahu says Israeli forces were targeting one of Hezbollah's senior military commanders.
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