Trump backed Iran into a corner. The regime isn’t blinking

Live updates

1. 52m ago

   Iran Refuses Concessions Despite Crippling U.S. Blockade

   Sanctions and a US-led blockade have halved Iran's crude production, exhausted remaining oil for sale, dried up primary revenues, and left the economy in ruins under hyperinflation. Despite this severe pressure, the regime refuses to fold, stalls negotiations on transit through the Strait of Hormuz, and declines to offer concessions on its nuclear program. While traffic through the strait from other Gulf nations has returned to normal, talks have stalled repeatedly as President Trump rejects Iran's ceasefire proposal and weighs potential military responses.

   Why it matters

   The ongoing confrontation follows an economic and military campaign that began with the US-Israel war on Iran in February. President Trump previously accused Tehran of stalling dealmaking to reopen the Strait of Hormuz until after the midterms, while the US military has suffered losses of 81 aircraft worth up to $3.3 billion.

   What is confirmed

   • The US-led blockade and sanctions have cut Iran's crude production in half and left its economy in ruins under hyperinflation.
   • Flow of oil from other Gulf nations through the Strait of Hormuz has effectively returned to normal.
   • Iran is unwilling to give any concessions on its nuclear program.
   • President Trump rejected Iran's ceasefire proposal.
   • The US has lost or sustained damage to 81 military aircraft worth up to $3.3 billion in the conflict.

   Still unconfirmed

   • The US president and his national security team have discussed possibly resuming large-scale US military operations in the coming weeks.

   What to watch next

   • Whether the US resumes large-scale military operations against Iran.
   • Any breakthroughs in negotiations regarding freedom of transit through the Strait of Hormuz.
   • Developments concerning Iran's nuclear program concessions.
   Sources used for this update (30)

   1. www.aljazeera.com — Iran | Iran | Today's latest from Al Jazeera
   2. spectrumlocalnews.com — What we know about emerging deal to end U.S.-Iran war
   3. spectrumlocalnews.com — Trump says U.S. and Iran met shortly after UN speech
   4. www.cnn.com — David Goldman - Senior Reporter, CNN Business | CNN
   5. spectrumlocalnews.com — Iran and the U.S. say a Strait of Hormuz deal is close
   6. Newsweek — 5 Signs Iran’s Defeat Is Finally Arriving
   7. www.cnn.com — Trump backed Iran into a corner. The regime isn’t blinking
   8. www.wionews.com — The Verdict | Kill the leaders, save the regime? Why Iran ...
   9. www.poynter.org — Trump said the Iran war would last weeks. Now he says the media got it wrong.
   10. CNN — Trump backed Iran into a corner. The regime isn’t blinking
   11. CNBC — Rebounding oil exports through Strait of Hormuz are vulnerable to stepped-up Iranian tanker attacks
   12. The New York Times — Opinion | Why Iran Could Choose to Escalate the War
   confidence 95%