International relations, geopolitics, wars, major global shifts
Israel has threatened to restart the Gaza war unless Palestinian factions agree to disarm, while factions reject a US-backed plan tying aid to weapons surrender. The standoff hinges on whether a political framework comes before or after disarmament, leaving the ceasefire in serious doubt.
A magnitude 7.4 earthquake struck off Japan's Sanriku coast at 4:53 p.m. local time, triggering a tsunami warning for nearby regions. The Sanriku coastline is one of Japan's most tsunami-prone areas, and residents in warned zones face immediate evacuation risk.
Iran submitted a 14-point peace proposal to mediator Pakistan that reportedly sets a one-month deadline to reopen the Strait of Hormuz and end the US naval blockade.
PM Modi and South Korean President Lee Jae-myung held a bilateral summit, their third in-person meeting since Lee took office last year. The high meeting frequency signals both sides are treating the relationship as an active diplomatic and economic priority.
Trump said he is likely to reject a peace proposal involving Iran, stating the country has "not yet paid a big enough price." The hardened stance reduces near-term prospects for a deal and raises energy market risk given Iran's role in global oil supply.
US sanctions are blocking approximately 1.8 million barrels per day of Iranian crude oil from global markets. The supply squeeze puts upward pressure on global oil prices and cuts a key revenue source for Tehran.
OPEC+ said seven member producers will add 188,000 barrels per day to their June output quota, even as the Strait of Hormuz, a chokepoint for roughly 20% of global oil, remains closed. The increase is largely symbolic while the shipping route is blocked, keeping physical supply tight.
Opec+ agreed to raise June oil output targets by 188,000 barrels per day, its third consecutive monthly increase, but the Strait of Hormuz closure means the hike adds almost no real supply. Oil is already trading above $125 a barrel, with analysts warning of jet fuel shortages and an inflation spike within weeks.
Iran has submitted a 14-point proposal to end the war, which President Trump is now reviewing. Deep mistrust between Washington and Tehran remains the main barrier to any deal moving forward.
The Trump administration is seeking allied help to escort ships through the Strait of Hormuz after Iran blocked the waterway, despite Trump publicly claiming the U.S. needs no assistance. The disconnect complicates outreach, as Trump has recently attacked many of the same allies Washington now needs.
Trump's prediction of a short, low-cost conflict with Iran is facing pressure as the war proves more prolonged and unpopular than the White House projected. Sustained fighting near the Strait of Hormuz risks lifting oil prices and creating economic and political costs for the administration.
OPEC+ is set to approve a third oil output increase since the Strait of Hormuz was disrupted, but the move is largely symbolic because the closure blocks Gulf members from actually exporting the extra crude. Oil prices have already surged, with analysts warning of jet fuel shortages and rising global inflation.
Trump announced a 25% tariff on EU automobiles but gave no details on legal authority or implementation, following the Supreme Court's earlier rejection of his reciprocal tariff powers. The move puts U.S.-EU trade talks at risk and could significantly raise costs for European automakers exporting to the U.S.
Satellite images from March 10 show Israel rapidly clearing land and building fortifications at the al-Muntar hilltop in Gaza City and in Khan Younis, southern Gaza. The expansion signals durable military infrastructure while civilian reconstruction in the territory remains stalled.
President Trump formally told Congress on Friday that hostilities with Iran have "terminated," invoking the language of the War Powers Resolution ahead of a key 60-day deadline. The declaration removes immediate legal pressure on the administration to seek congressional authorization for continued military action.
OPEC+ is set to approve another oil output quota increase even as the U.S.-Iran conflict keeps the Strait of Hormuz disrupted, sources say. The hike will have little real supply effect until Gulf export routes reopen, but could amplify a price drop if a ceasefire restores Hormuz access.
Trump said the US could restart strikes on Iran if it "misbehaves," adding that Tehran has not paid a big enough price for its actions. The remarks signal Washington is maintaining military leverage and views current Iranian proposals as likely unacceptable.
Millions of jobs have been lost in Iran as the economic fallout from the US-Israeli military campaign devastates businesses and supply chains across Tehran. A fragile ceasefire has paused the fighting, but the financial damage, dubbed "Operation Economic Fury" by Iranians, continues to deepen.
President Trump said he is reviewing Iran's latest nuclear proposal after rejecting it the day before, clarifying he had only been briefed on the "concept of the deal." He expressed doubt the offer will be acceptable, leaving U.S. policy toward Iran in an unsettled position with no formal response yet.
Trump says he will review a peace offer from Iran while warning of further US strikes if Tehran steps out of line. The parallel threat keeps oil markets and Gulf shipping on edge as the two sides edge toward possible talks.