US and Israel propose 15-point peace plan to Iran
The Trump administration has offered a ceasefire and sanctions relief in exchange for Tehran halting its nuclear programme and reopening the Strait of Hormuz. However, Iranian officials have initially called the conditions “excessive” and maintained a policy of “resistance”.
Iran threatens to block Bab al-Mandeb Strait
Tehran warned it may open a new front by targeting the strategic chokepoint linking the Red Sea and Gulf of Aden if attacks on its territory continue. This escalation follows Iran’s existing restrictions on “hostile” vessels transiting the Strait of Hormuz.
Gulf markets slide amid regional uncertainty and travel disruptions
Stock markets in Dubai and Bahrain fell as investors remained cautious over fast-moving military developments and conflicting reports on peace negotiations. Meanwhile, major UAE airports face significant flight delays due to a combination of regional instability and unstable weather conditions.