Day 60 of Iran War: Trump Team Reviews Iran Proposal; UAE Quits OPEC

US President Donald Trump’s national security team is reviewing an Iranian peace proposal as negotiations with Tehran remain deadlocked.

Iran has suggested deferring nuclear talks until the war ends and disputes over Gulf shipping are resolved, an approach opposed by Trump.

Oil prices extended gains on Tuesday as traffic through the Strait of Hormuz remained sharply constrained, with only a small number of vessels transiting and some tankers turned back.

Dozens of countries have called for the “urgent and unimpeded reopening” of the vital waterway, which carries roughly one-fifth of global oil supply...

Day 41 of Iran War: Lebanon Mourns After Deadly Israeli Strikes; Iran, US Clash Over Ceasefire Terms

Lebanon declared a national day of mourning after Israeli air strikes killed over 250 people and injured more than 1,000, marking the deadliest bombardment of the current war. 

Iran said a cessation of Israeli strikes in Lebanon was a key condition of its proposed 10-point plan to end the broader Middle East war. Iran's Parliament speaker Mohammad Bagher Ghalibaf said ceasefire talks were “unreasonable” given what he described as repeated violations, including continued attacks in Lebanon.

Confusion persists within the...

Trump Admin Roundtable Discussion: Bridge Payments to Farmers, Soybean Purchases, Fair Trade, EUDR

On December 8, US President Trump held a roundtable meeting with members of the US farming community, Agriculture Secretary Rollins, Treasury Secretary Bessent, and others at the White House to announce monetary support to farmers impacted by the US trade policy. 

The administration announced plans to provide $12 billion in tariff income-fueled support for farmers, to address the high costs of farm equipment, and to examine anti-competitive behavior in the food supply chain...