A proposal brokered by Pakistan called for an immediate ceasefire and reopening of the strait, followed by negotiations on a broader settlement within weeks, according to a source familiar with the plan. Iran declined the offer, instead outlining conditions including sanctions relief, regional de-escalation, and reconstruction measures, state media reported.

Trump reiterated threats to target Iranian infrastructure if Tehran failed to meet his demands by the deadline, warning that bridges and power plants could be destroyed. He said the United States could “take out” the country if an agreement was not reached.Fighting continued across the region.

The Israeli military said it carried out airstrikes on Iranian government infrastructure in Tehran and other areas, while intercepting missiles launched from Iran. Saudi Arabia reported intercepting ballistic missiles over its eastern region, with debris falling near energy facilities, and issued public safety alerts alongside the United Arab Emirates and Bahrain.

Iran’s envoy to the United Nations condemned the U.S. threats as a violation of international law, while senior Iranian officials dismissed Trump’s warnings. Authorities also called for civilian demonstrations to protect infrastructure sites.

A synagogue in central Tehran was damaged by a projectile, according to local media, as the conflict widened beyond military targets.Global oil markets remained under pressure, with prices hovering around $110 per barrel amid uncertainty over the reopening of the Strait of Hormuz, a conduit for roughly a fifth of the world’s oil and gas supply.

The continued disruption has raised concerns about inflation and energy security worldwide.The conflict, which began after U.S. and Israeli strikes on Iran in late February, has led to thousands of casualties across the region.

A U.S. fighter jet was also downed last week, underscoring the escalating risks for Washington as the crisis deepens.

Senior officials from both countries are participating in the discussions, which are being facilitated by China as part of efforts to broker a negotiated settlement between the neighbours, long linked by security ties but increasingly at odds over militancy and cross-border attacks.

The talks are expected to focus on securing a ceasefire and reopening key border crossings to restore trade and travel flows, according to sources cited in earlier reports, signalling an attempt to stabilise economic and civilian movement disrupted by months of hostilities.

“Our efforts for talks will continue despite the problems that will keep coming,” a Pakistani Foreign Ministry spokesperson said during a regular media briefing, underscoring Islamabad’s position that dialogue remains the primary channel for de-escalation.

Pakistan has also acknowledged China’s role in facilitating the engagement, describing Beijing as an important global actor whose diplomatic efforts are complementary to regional stability initiatives.

Tensions between the two countries have escalated sharply since late 2025, with Islamabad accusing the Afghan Taliban authorities of harbouring militants from Tehreek-e-Taliban Pakistan, an insurgent group it says is responsible for attacks inside Pakistan.

The Afghan Taliban has rejected those allegations, maintaining that militancy within Pakistan is an internal issue and denying any official support or sanctuary for the group.

The two countries share a 2,600-kilometre border that has historically been porous and contested, and recent fighting has marked a significant deterioration in ties that had initially shown signs of alignment following the Taliban’s return to power in Kabul in 2021.

In a prime-time address, Trump said the United States would “hit” Iran hard over the next two to three weeks while asserting that core military objectives were nearing completion.

However, the absence of a defined endgame unsettled investors and raised concerns about prolonged disruption to global energy supplies.

South AfricaBenchmark crude prices jumped around 5%, climbing above $106 per barrel, while equity markets declined across major regions as traders reacted to continued uncertainty over the conflict and the closure of the Strait of Hormuz, a critical route for global oil shipments.

Trump reiterated that U.S. forces were “on track” to complete their objectives “very shortly,” and said Iran had been “essentially decimated,” while warning that further escalation remained possible if Tehran did not meet U.S. demands.

He also suggested potential strikes on key infrastructure, including energy facilities. Despite the aggressive rhetoric, diplomatic prospects remain limited. A senior Iranian source told Reuters that Tehran is seeking a guaranteed ceasefire before halting attacks and confirmed that no indirect talks on a temporary truce have taken place.

The ongoing conflict, which began after U.S.-Israeli strikes on Feb. 28, has disrupted global oil flows and heightened geopolitical risk across the Middle East. Iran’s effective blockade of Hormuz has constrained shipments that typically account for about one-fifth of global oil and gas trade, amplifying volatility in energy markets.

Market participants said Trump’s speech failed to reassure investors seeking clarity on how and when the conflict might end, with uncertainty over supply disruptions and military escalation continuing to drive price swings.

International financial institutions, including the International Monetary Fund, World Bank and International Energy Agency, have warned that the war is having significant and uneven global economic impacts, particularly on energy-importing countries.

In a televised address, Trump said U.S. forces had delivered “swift, decisive” results during 32 days of operations launched after joint U.S.-Israeli strikes on Iran on Feb. 28. He added that Washington was “on track to complete all of America’s military objectives shortly,” while warning of further heavy attacks if no agreement is reached.

The conflict has triggered widespread regional instability, with Iranian retaliatory strikes targeting Israel, U.S. bases and Gulf states, and opening a parallel front in Lebanon. Thousands have been killed across the region since the escalation began.

Trump reiterated that the U.S. military campaign aimed to neutralize Iran’s strategic capabilities, including its nuclear program, saying recent strikes had prevented Tehran from obtaining nuclear weapons. He did not provide evidence to support the claim.Despite the escalation, diplomatic prospects remain uncertain.

A senior Iranian source told Reuters that Tehran is demanding a guaranteed ceasefire before halting its attacks and has not engaged in indirect talks on a temporary truce. Iran has also denied U.S. assertions that it requested a ceasefire.

Iranian President Masoud Pezeshkian, in a message addressed to the American public, said Iran holds no hostility toward ordinary U.S. citizens, though official positions suggest limited willingness to enter negotiations at this stage.The war has disrupted global energy markets, particularly after Iran effectively shut the Strait of Hormuz, a critical route for roughly 20% of global oil and gas shipments.

Trump dismissed the strategic necessity of the passage for the United States and urged allies dependent on Gulf energy supplies to take steps to reopen it.Financial markets reacted negatively to the lack of a clear diplomatic roadmap, with global equities falling and oil prices rising following Trump’s address.

The International Monetary Fund, World Bank and International Energy Agency warned the conflict was having “substantial, global and highly asymmetric” economic effects and signaled coordination on potential support measures.U.S. officials said backchannel discussions involving intermediaries, including Pakistan, were ongoing, though no breakthrough has been reported.

Trump indicated he remained open to a deal but warned that failure to reach one could result in expanded strikes, including potential targeting of Iran’s electricity infrastructure.The U.S. president also renewed pressure on allies, suggesting countries reliant on Middle Eastern energy should take a more active role in ensuring maritime security in the region.

European officials, however, have cautioned against military operations in the Strait of Hormuz, citing concerns over international law.

Trump has also raised the prospect of reassessing U.S. commitments to the NATO, criticizing what he described as insufficient support from European allies in addressing the crisis.

Speaking to reporters, Zelensky said the messages followed a sharp escalation in global energy prices linked to widening conflict in the Middle East, which has disrupted supplies of oil, gas and refined products. He said Kyiv remained open to an Easter ceasefire under reciprocal conditions.

Signals tied to energy market pressuresA source familiar with the matter said U.S. officials had conveyed the concerns during routine contacts with Ukrainian counterparts, adding that the initial signals appeared to have originated from Moscow.

The US State Department and Russia’s embassy in Washington did not immediately respond to requests for comment.Ukraine has intensified strikes on Russian oil facilities in recent months as part of its broader strategy to undermine revenues supporting Moscow’s military campaign.

The reported outreach from allies reflects concern that such attacks could further tighten global supply at a time of already elevated prices.Russian strikes on Ukraine’s energy infrastructure have left the country facing acute shortages, forcing authorities to secure alternative supplies.

Zelensky said Kyiv had reached agreements with several Middle Eastern countries to bolster energy support following a recent regional visit.He said Ukraine had secured a deal for year-long diesel deliveries, critical for both military operations and the agricultural sector, though he did not disclose volumes or suppliers.

Ukraine also signed framework cooperation agreements with Saudi Arabia and Qatar, and indicated another agreement was being prepared with the United Arab Emirates.

Zelensky said he had also discussed air defense needs with regional leaders, but noted that partners were currently prioritizing deployments to the Middle East due to ongoing hostilities involving Iran.

He added that Ukraine risked being sidelined in the allocation of advanced anti-ballistic missile systems as international focus shifts toward the escalating regional conflict.

Ishaq Dar said after meetings with regional counterparts that Islamabad was ready to facilitate “meaningful talks” toward a “comprehensive and lasting settlement,” including potential U.S.-Iran negotiations. It was not immediately clear whether either side had agreed to participate.

Iran’s parliament speaker Mohammad Baqer Qalibaf accused Washington of signalling openness to diplomacy while preparing for military escalation, saying Tehran would not accept demands amounting to surrender.U.S. officials have not publicly confirmed any agreement to attend talks.

Reports cited by U.S. media indicate the Pentagon is assessing options that could include ground operations, though no final decision has been announced by Donald Trump.

Discussions among regional powers, including Saudi Arabia, Turkey and Egypt, have focused on reopening the Strait of Hormuz, where Iranian restrictions on shipping since late February have disrupted global oil flows.

The conflict has driven oil prices sharply higher and intensified risks to maritime trade, with additional threats emerging near the Bab el-Mandeb Strait following attacks by Iran-aligned Houthi forces.

Israel said it carried out more than 140 air strikes across Iran over a 24-hour period, targeting missile infrastructure and other sites. Iranian media reported damage to Mehrabad airport in Tehran and a petrochemical facility in Tabriz.

Missile and drone exchanges have extended beyond Iran, with strikes reported in southern Israel near Beersheba and damage to industrial facilities in Gulf states including the United Arab Emirates and Bahrain.

The International Atomic Energy Agency said Iran’s heavy water production plant at Khondab had suffered severe damage and was no longer operational, though it contained no declared nuclear material.

The U.S. military has begun deploying thousands of Marines to the region, with the first contingent arriving aboard an amphibious assault ship, according to official statements.

Washington last week proposed a ceasefire framework that included reopening Hormuz and limiting Iran’s nuclear programme, but Tehran rejected the plan.

The conflict has triggered domestic political divisions in the United States, with protests reported in multiple cities and lawmakers offering sharply differing views on the war’s trajectory.

Iran’s parliament speaker Mohammad Baqer Qalibaf said the United States was signaling openness to negotiations while simultaneously planning military escalation, adding Tehran would not accept what he described as attempts at coercion.

His remarks came as thousands of U.S. Marines began arriving in the region, with the first contingents deployed aboard an amphibious assault ship, according to the U.S. military.

The conflict, triggered by U.S. and Israeli strikes on Iran on Feb. 28, has killed thousands and severely disrupted oil and liquefied natural gas supplies, particularly through the Strait of Hormuz, a critical artery for global energy shipments.

Foreign ministers from Pakistan, Saudi Arabia, Turkey and Egypt met in Islamabad to discuss pathways to de-escalation, with Pakistan positioning itself as a potential intermediary between Washington and Tehran. Pakistan’s Prime Minister Shehbaz Sharif held talks a day earlier with Iranian President Masoud Pezeshkian, while Foreign Minister Ishaq Dar conducted bilateral meetings with his Turkish and Egyptian counterparts ahead of broader consultations.

Parallel military-level engagements are also underway. Pakistan’s army chief Asim Munir remains in contact with U.S. Vice President JD Vance, according to a source familiar with the discussions, indicating ongoing coordination alongside diplomatic outreach.

A Turkish official said Ankara was working with partners on a proposal to reopen the Strait of Hormuz as part of confidence-building measures tied to a potential ceasefire.

The United States has previously outlined a 15-point ceasefire framework, including reopening the waterway and curbing Iran’s nuclear programme, though Tehran has rejected the proposal and advanced its own terms.

Despite diplomatic efforts, hostilities continued. Israel said it struck dozens of targets across Iran, including weapons production and storage facilities in Tehran, while Iranian media reported casualties from strikes on southern port infrastructure.

The conflict has expanded geographically, with Iran-linked Houthi forces launching attacks on Israel, raising concerns about renewed threats to commercial shipping routes. The Strait of Hormuz remains effectively closed, while risks are also rising around the Bab el-Mandeb Strait, a key gateway to the Suez Canal.U.S. officials, cited by the Washington Post, said the Pentagon was preparing for the possibility of prolonged ground operations, including special operations raids and conventional troop deployments, though it remains unclear whether President Donald Trump will authorize such action.

Secretary of State Marco Rubio said Washington could achieve its objectives without deploying ground forces but emphasized the need for military flexibility.Oil prices have surged toward $100 per barrel since the conflict began, reflecting supply disruptions and heightened geopolitical risk.

Iran has allowed limited passage for Pakistani-flagged vessels through the Strait of Hormuz, permitting two ships per day, according to Pakistani officials.

The conflict is also reverberating domestically in the United States, where protests have taken place in multiple cities amid growing public opposition.

With midterm elections approaching, the war has added pressure on the administration as it weighs military escalation against diplomatic resolution.

In a post on his Truth Social platform, Trump said discussions over the past two days had raised the prospect of a “complete and total resolution of hostilities in the Middle East.” Speaking later to reporters before departing Florida for Memphis, he described the talks as “very, very strong,” adding that negotiators had reached agreement on “almost all points.”

Trump said U.S. special envoy Steve Witkoff and Jared Kushner, who had previously engaged in negotiations with Iran, held discussions with a senior Iranian official on Sunday evening and were expected to continue talks on Monday. He declined to identify the Iranian interlocutor, stating only that it was not the country’s supreme leader, and said Washington was engaging with “the man who I believe is the most respected and the leader.”

Reporter for Axios said officials from Turkey, Egypt and Pakistan had separately met Witkoff and Iranian Foreign Minister Abbas Araqchi, suggesting a coordinated mediation effort. Iran’s foreign ministry acknowledged unspecified “initiatives” aimed at reducing tensions, according to the Mehr news agency, and reiterated that Tehran expected Washington to participate directly in any negotiations as a principal party to the conflict.

The diplomatic push comes hours before a previously signaled U.S. deadline that had raised the prospect of escalation targeting Iranian energy infrastructure, a move widely seen as carrying significant regional and economic risks.

Trump said he had communicated with Israel, describing the U.S. ally as supportive of ongoing diplomatic efforts. A source briefed on Israeli planning said Washington had kept Israel informed of its contacts with Tehran and indicated that Israel was likely to mirror the U.S. pause by suspending any targeting of Iranian power plants and related infrastructure.

Trump’s comments helped ease immediate concerns of escalation, with oil prices falling and stock markets recovering as investors reassessed geopolitical risk. The prospect of a temporary halt in strikes on energy assets signaled a reduced likelihood of near-term disruption to regional supply.

Diplomatic contacts are expected to continue in the coming days as intermediaries seek to bridge remaining gaps between Washington and Tehran.