Escalating conflict between Iran, the US, and regional powers centered on Iran's closure of the Strait of Hormuz, military strikes across the Gulf, NATO's response, and broader diplomatic and economic fallout including sanctions, cyber warfare, and the Israel-Lebanon front.
A drone attack caused a fire near the United Arab Emirates' Barakah Nuclear Energy Plant, prompting investigations and power restoration efforts. The incident coincides with Saudi Arabia intercepting drones from Iraqi airspace and ongoing tensions between the US and Iran over nuclear negotiations.
A military conflict between the United States, Israel, and Iran that began on February 28, 2026, has reached a strategic impasse, with multiple analysts predicting an American retreat despite ongoing economic fallout from the war.
The United Arab Emirates unsuccessfully lobbied Gulf nations including Saudi Arabia and Qatar to join a coordinated military response against Iran following Tehran's attacks on Gulf infrastructure. Saudi Arabia and other states declined to participate in offensive operations.
President Trump indicated willingness to allow Iran to enrich uranium after a 20-year period as part of nuclear negotiations, marking a significant shift from previous US positions that sought permanent restrictions on Iran's nuclear program.
Kuwait arrested four men it says were Iranian Revolutionary Guard members who attempted an armed infiltration of Bubiyan Island on May 1, arriving by fishing boat and exchanging fire with Kuwaiti soldiers. Iran denies the allegations, claiming the individuals were on maritime patrol and entered Kuwaiti waters due to navigation system malfunction.
Israel established a clandestine military outpost in Iraq's western desert to support its air operations against Iran and conducted airstrikes against Iraqi troops who nearly discovered the facility, according to a Wall Street Journal report citing U.S. officials and people familiar with the matter.
The US Treasury Department imposed sanctions on 11 entities and three individuals based in Iran, China, Belarus, and the United Arab Emirates for facilitating Iran's acquisition of weapons components, including materials for Shahed drones and ballistic missiles.
Federal authorities are reviewing large oil positions placed just before key developments in the US-Iran conflict, investigating potential insider trading related to the war's impact on energy markets.
US President Donald Trump will meet Chinese President Xi Jinping in Beijing next week to discuss trade, Taiwan, technology, and the ongoing Iran war. China views the unresolved Middle East conflict as potentially strengthening its negotiating position.
The US Treasury has imposed sanctions on Iraq's Deputy Oil Minister Ali Maarij al-Bahadly and leaders of pro-Iran militias, accusing them of facilitating Iranian oil sales in violation of US sanctions. The move represents continued American pressure on Baghdad to distance itself from Tehran and crack down on Iran-backed armed groups.
China has invoked blocking measures prohibiting Chinese entities from complying with US sanctions on Iranian oil refineries, escalating tensions ahead of President Trump's planned visit to Beijing. The move directly challenges US enforcement efforts targeting Iran's oil trade.
Secretary of State Marco Rubio declared from the White House briefing room that U.S. military operations in Iran known as 'Operation Epic Fury' have concluded, while announcing a transition to 'Project Freedom' and emphasizing the need to address Iranian nuclear material.
International Monetary Fund Managing Director Kristalina Georgieva warned that inflation is already picking up and the global economy could face a 'much worse outcome' if the war in the Middle East continues into 2027, with particular concern about prolonged disruption to energy supplies.
U.S. intelligence assessments indicate Iran still needs up to a year to build a nuclear weapon, unchanged since last summer's U.S.-Israeli attack, while escalating tit-for-tat incidents in the Strait of Hormuz threaten a fragile U.S.-Iran ceasefire.
President Donald Trump said he is not satisfied with Iran's latest proposal for talks to end ongoing hostilities, while Senate Minority Leader Chuck Schumer disputed Trump's characterization that the conflict is over. A CNN investigation revealed that a majority of U.S. military sites in the Middle East have been damaged by Iran.
Russian President Putin warned President Trump in a 90-minute call, that resuming military operations against Iran; especially a ground invasion, would be "dangerous and unacceptable" with "extremely damaging consequences for the entire international community". Putin offered to help secure Iran's enriched uranium as part of a deal, which Trump rebuffed, telling the Russian leader he would "much rather" have him focus on ending the war in Ukraine.
Iran's rial fell nearly 15% in two days to a record low of 1,810,000 to the dollar, as demand for foreign currency that had built up during six weeks of fighting flooded the open market following the ceasefire. The US naval blockade has cut off Iran's oil export revenue while year-on-year inflation reached 65.8%, compounding an economic crisis that had already helped spark the January 2026 protests.
Speaking on Fox News' "The Sunday Briefing" on April 26, 2026, President Trump said Iran could reach out directly to negotiate an end to the two-month war, adding it must never have a nuclear weapon as a condition for any talks.
The White House announced that Jared Kushner and Steve Witkoff will travel to Pakistan on Saturday for talks with Iranian Foreign Minister Abbas Araghchi, who arrived in Islamabad, in an effort to restart negotiations to end the US-Iran conflict.
Pakistani officials report a potential 'major breakthrough' in US-Iran talks over Iran's nuclear program, with Trump saying new negotiations could resume within days. Pakistan's army chief traveled to Tehran to facilitate discussions.
Pakistan's army chief traveled to Tehran for high-level talks aimed at reviving negotiations between the US and Iran after weekend talks in Islamabad failed to produce an agreement. Trump indicated a second round of talks could occur within days.
Crude oil prices jumped nearly 8% to over $103-104 per barrel following Trump's announcement of the Iranian port blockade and the failure of peace talks. Physical oil prices in some markets approached $150 as buyers paid record premiums for immediate delivery amid supply disruption fears.
NATO members declined to participate in Trump's planned blockade of Iranian ports, proposing to intervene only after fighting ends. The move is likely to anger Trump, who has criticized allies for not supporting the US war effort.
An Israeli airstrike on a State Security agency building in Nabatieh, southern Lebanon, killed at least 13 members of Lebanon's security forces, marking a significant escalation as US-Iran peace talks were underway.
Russia and China vetoed a watered-down UN Security Council resolution that would have encouraged countries to coordinate defensive efforts on reopening the Strait of Hormuz. The resolution had been repeatedly weakened in hopes of securing abstentions from the two countries.
Iran's Islamic Revolutionary Guard Corps confirmed that its intelligence chief, Majid Khademi, was killed in US-Israeli airstrikes amid ongoing conflict. The strike occurred as diplomatic efforts for a ceasefire continue.
Pakistan has presented a 45-day ceasefire proposal to end the Iran war, though Iran has indicated reluctance to reopen the Strait of Hormuz as part of a temporary truce. Multiple mediators including Turkey and Egypt are involved.
The United Arab Emirates is willing to deploy troops and use force to help reopen the Strait of Hormuz, according to Arab officials cited by The Wall Street Journal. The UAE is lobbying for a UN Security Council resolution to authorize a multinational force to break Iran's chokehold on the strategic waterway.
Secretary of State Marco Rubio warned the US may need to reassess its relationship with NATO after the Iran war, criticizing the alliance's alleged lack of support during the Middle East conflict. Trump separately told the Telegraph he is 'strongly considering' pulling the US out of NATO over allies' refusal to support military action against Iran.
US President Donald Trump told the Financial Times he wants to 'take the oil' in Iran and could seize Kharg Island 'easily,' raising the prospect of US forces capturing Iran's main oil export hub. The comments came as 2,500 US Marines arrived in the region and oil prices surged above $115 per barrel.
Iranian strikes targeted Aluminium Bahrain (one of the world's largest smelters) and facilities in the UAE, injuring at least two people. The attacks on critical Gulf industrial infrastructure mark an escalation in Iran's targeting of economic assets beyond military sites.
Treasury Secretary Scott Bessent announced the US will temporarily allow the sale of Iranian oil shipments already in transit, estimated to add 140 million barrels to the market. The move comes as oil prices hit their highest settlement since July 2022 amid Iran's closure of the Strait of Hormuz during the ongoing US-Israeli conflict with Iran.
