Major Gulf markets were mixed in early trade on Monday as investors awaited clarity on reports of U.S.-Iran ceasefire talks that came after U.S. President Donald Trump warned Tehran of "hell" unless the Strait of Hormuz was reopened.
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Middle Eastern Regional War | April 4th-8th | Reports
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Major Gulf markets were mixed in early trade on Monday as investors awaited clarity on reports of U.S.-Iran ceasefire talks that came after U.S. President Donald Trump warned Tehran of "hell" unless the Strait of Hormuz was reopened.
U.S. forces located on Kuwait's Bubiyan island were targeted by Iran, the spokesperson of Iran's Khatam al-Anbiya Central Headquarters said in a video statement shared by state media on Monday.
Ebrahim Zolfaqari said Iran targeted satellite equipment and munitions on the island with drones, adding that U.S. forces had relocated there from Arifjan camp after that base was repeatedly struck by Iran.
Iran and the United States have received a plan to end hostilities that could come into effect on Monday and reopen the Strait of Hormuz, a source aware of the proposals said on Monday.
A framework to end hostilities has been put together by Pakistan and exchanged with Iran and the U.S. overnight, the source said, outlining a two-tier approach with an immediate ceasefire followed by a comprehensive agreement.
SUMMARY:
Plan to be agreed on Monday, source saysTwo-stage deal envisaged, ceasefire then final agreement.
Ceasefire could reopen Strait of Hormuz immediately.Final deal in 15–20 days with nuclear curbs, sanctions relief.Proposed 'Islamabad Accord' for settlement.
UAE says the use of Hormuz must be guaranteed in any US-Iran deal.
The Israeli military said early Monday it launched a wave of strikes against Iran.
Iranian state media reported that Tehran’s Sharif University of Technology was damaged in the strikes. Israel has previously acknowledged attacking alleged military infrastructure within Iranian academic institutions, claiming they are used by the Iranian army and Islamic Revolutionary Guard Corps.
Iran Warns of Devastating Offensive in Response to Trump Comments.
The Home Front Command and the Minister of Education are currently discussing the return of schooling. The initial assessment: a return to grades 1-3 and 11-12 only, but only in schools with a standard protected space. Another problem being discussed: Some schools are currently serving as shelters for a large population.
Tehran has accepted the Pakistani mediation offer and is considering it, but has made it clear: Iran will not accept pressure or ultimatums, and believes that the US is not ready for a permanent ceasefire.
Iranian Foreign Ministry: America's terrorist acts in Iran demonstrate that it has removed diplomacy from its agenda.
Iranian Foreign Ministry Spokesperson: We will announce our response to the proposal at the appropriate time.
Tehran says US 15-point plan ‘extremely ambitious and illogical’.
Iran’s Foreign Ministry spokesman says Tehran has finalised its demands amid recent proposals to end the war – but will reveal them only when appropriate.
Spokesman Esmail Baghaei stressed that Iran will not bow to pressure, IRNA news agency reported.
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Tehran says US 15-point plan ‘extremely ambitious and illogical’.
Iran’s Foreign Ministry spokesman says Tehran has finalised its demands amid recent proposals to end the war – but will reveal them only when appropriate.
Spokesman Esmail Baghaei stressed that Iran will not bow to pressure, IRNA news agency reported.
What the 15 points?
Hard info to find
Israeli media reveals details of 15-point plan between US, Iran
Possible deal includes dismantling of all existing Iranian nuclear capabilities and removal of sanctions against Iran, report says
Israel strikes large Iranian petrochemical facility, defense minister says.
Yemen’s Houthis will respect ceasefire with Washington for now, senior official says.
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IRGC intelligence chief Major General Majid Khademi was killed overnight, a senior Israeli official told Fox News
“Khademi wasn’t just any figure, he was effectively number two within the IRGC, one of the few senior commanders who managed to survive multiple waves of Israeli and American targeting over the past year,” the official added.
IAEA confirms impact of recent strikes near Iran's Bushehr nuclear power plant.
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Third Turkish-Owned Ship Passes Through the Strait of Hormuz, Minister Says.
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IAEA confirms impact of recent strikes near Iran's Bushehr nuclear power plant.
Israel Approves Plan to Boost Interceptor Production as Stocks Dwindle.
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