EconomyLens.com
No Result
View All Result
Thursday, October 29, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Trump warns Iran better ‘get smart soon’ and accept nuclear deal

Emma Reilly by Emma Reilly
April 29, 2026
in Economy
Reading Time: 10 mins read
A A
0
29
SHARES
364
VIEWS
Share on FacebookShare on Twitter

A woman walks past a giant billboard in Tehran that reads 'the Strait of Hormuz remains closed.'. ©AFP

Tehran (AFP) – President Donald Trump warned Tehran on Wednesday that it should “get smart soon” and capitulate to Washington’s demands for tight controls on its nuclear programme, as a US naval blockade turned the screws on Iran’s economy. The United States could extend its naval blockade of Iran for months more, oil executives were told in a meeting with Trump, an official said, after press reports that he had rejected Iran’s latest proposed deal to reopen the Strait of Hormuz.

Related

Christine Lagarde: unifying ECB chief in turbulent times

ECB President Christine Lagarde to step down in February 2027

TotalEnergies profit hits record on high oil prices

Afghanistan opium poppy cultivation surges despite Taliban govt ban: UN

US Fed holds interest rates steady despite ‘too high’ inflation

“Iran can’t get their act together… They better get smart soon,” Trump posted on his social media platform, above a mocked-up picture of himself toting a rifle in front of explosions wrecking a desert fortress and the slogan: “No more Mr. Nice Guy!” According to the administration official, speaking on condition of anonymity, Trump discussed with the oil executives “steps we could take to continue the current blockade for months if needed and minimise impact on American consumers.”

The news that peace talks were still stalled sent oil prices higher once again. At around 1335 GMT, a barrel of Brent crude for June delivery was up 5.16 percent at $117, its highest level since the fragile ceasefire between the United States and Iran came into effect on April 8. The UN Development Programme, meanwhile, warned that the war, which has sent the price of energy and fertiliser soaring, could plunge more than 30 million people into poverty in 160 countries. “It’s development in reverse,” UNDP chief Alexander De Croo told AFP.

Iran has blockaded the strait — a vital conduit for oil and gas shipments — since the US and Israel launched the war two months ago, sending shockwaves through the global economy. But its own economy is also suffering. On Wednesday, the Iranian rial fell to historic lows against the dollar, while Tehran residents speaking to AFP journalists in Paris reported a sense of despair.

“Every time in recent years that negotiations have taken place, the economic situation of the people has only gotten worse. Sanctions have either started or intensified,” a 52-year-old architect told AFP, speaking on condition of anonymity. “They go to negotiate and come back with even more sanctions, and the issue is always nuclear. There’s no talk about people, the economy or freedom. People have the right to not even want to hear the word ‘negotiation’,” he said.

While the war has roiled the global economy, it has also proved expensive for the US military, with the Pentagon on Wednesday putting the bill so far at $25 billion.

– ‘No trust’ –

During a White House state dinner on Tuesday, Trump told Britain’s King Charles III and other guests that Iran had been “militarily defeated”, and added: “Charles agrees with me even more than I do — we’re never going to let that opponent have a nuclear weapon.” But an Iranian army spokesman told state TV on Tuesday that “we do not consider the war to be over”, saying Tehran had “no trust in America.”

“We have many cards that we have not yet used,” Amir Akraminia said in an interview. Efforts to end the war have stalled in recent days. The latest Iranian proposal, passed along by Pakistan and studied by Trump administration officials in a meeting on Monday, laid out red lines including on nuclear issues and Hormuz, according to Iran’s Fars news agency. The plan would reportedly see Tehran ease its chokehold on the strait and Washington lift its retaliatory blockade while broader negotiations continue, including over the nuclear programme.

Iran’s speaker of parliament Mohammad Bagher Ghalibaf, who has emerged as a figurehead since the start of the Middle East war, said on Wednesday the United States’ naval blockade of the country aimed to create division and “make us collapse from within.” He said Trump “divides the country into two groups: hardliners and moderates, and then immediately talks about a naval blockade to force Iran into submission through economic pressure and internal discord,” and called for unity in response, state TV reported.

– ‘Attacks cannot continue’ –

Violence has continued on the war’s Lebanese front, despite a recently extended ceasefire between Israel and Hezbollah, the Iran-backed armed group that drew Lebanon into the war by firing rockets at Israel. Israel responded with strikes and a ground invasion. For the first time since the ceasefire began, the Lebanese army said on Tuesday that an Israeli strike had targeted its troops, wounding two soldiers in the south. Another strike on Wednesday killed a Lebanese soldier, it said.

“Israel must finally realise that the only path to security is through negotiations, but it must first fully implement the ceasefire in order to move on to negotiations,” Lebanese President Joseph Aoun said, in a statement from the presidency. “Israeli attacks cannot continue as they are,” he said. “We are now waiting for the United States to set a date to begin direct negotiations.” A UN-backed report said on Wednesday that more than 1.2 million people in Lebanon were expected to face acute hunger due to the latest war.

burs-dc/dcp/jfx

© 2024 AFP

Tags: geopoliticsIrannuclear energy
Share12Tweet7Share2Pin3Send
Previous Post

German inflation jumps in April as energy costs surge

Next Post

Oil spikes while stocks slip ahead of US Fed rate decision

Emma Reilly

Emma Reilly

Related Posts

Economy

US Fed holds interest rates steady despite surging inflation

October 28, 2026
Economy

‘Cruise for life’ strands passengers in Cambodia as operator goes bust

October 28, 2026
Economy

World Bank warns of worsening food insecurity as commodity prices soar

October 28, 2026
Economy

Canada hikes rates to contain oil price surge caused by Iran war

October 28, 2026
Economy

UK budget lifts bank tax to offset surging energy bills

October 28, 2026
Economy

Denmark mulls banning turbo chickens

October 28, 2026
Next Post

Oil spikes while stocks slip ahead of US Fed rate decision

Uber adds hotel booking in push to become 'everything app'

Hungary's Magyar pushes to unblock EU billions in Brussels

Ticket price hikes not affecting summer air travel demand: IATA

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

104

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Christine Lagarde: unifying ECB chief in turbulent times

October 29, 2026

ECB President Christine Lagarde to step down in February 2027

October 29, 2026

Christine Lagarde: unifying ECB chief in turbulent times

October 29, 2026

Christine Lagarde: unifying ECB chief in turbulent times

October 29, 2026
From EconomyLens

Clear insights, straight to your inbox.

Get the stories and perspectives shaping the economy.

EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.