Iran Fires on Israel as Trump Claims Threat from Tehran Nearly Eliminated

Iranian women clad in black chadors wave national flags and hold posters of Iranian Supreme Leader Mojtaba Khamenei (C) and of his late father, former Iranian Supreme Leader Ali Khamenei (R), during the annual Nature Day festival in Tehran, Iran, 02 April 2026. (EPA)
Iranian women clad in black chadors wave national flags and hold posters of Iranian Supreme Leader Mojtaba Khamenei (C) and of his late father, former Iranian Supreme Leader Ali Khamenei (R), during the annual Nature Day festival in Tehran, Iran, 02 April 2026. (EPA)
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Iran Fires on Israel as Trump Claims Threat from Tehran Nearly Eliminated

Iranian women clad in black chadors wave national flags and hold posters of Iranian Supreme Leader Mojtaba Khamenei (C) and of his late father, former Iranian Supreme Leader Ali Khamenei (R), during the annual Nature Day festival in Tehran, Iran, 02 April 2026. (EPA)
Iranian women clad in black chadors wave national flags and hold posters of Iranian Supreme Leader Mojtaba Khamenei (C) and of his late father, former Iranian Supreme Leader Ali Khamenei (R), during the annual Nature Day festival in Tehran, Iran, 02 April 2026. (EPA)

Iran fired more missiles at Israel and Gulf Arab states Thursday, demonstrating Tehran’s continued ability to strike its neighbors even as US President Donald Trump claimed the threat from the country was nearly eliminated.

Iran’s attacks on Gulf states along with its chokehold on the Strait of Hormuz have disrupted the world’s energy supplies with effects far beyond the Middle East. That has proved to be Iran’s greatest strategic advantage in the war. Britain held a call with nearly three dozen countries about how to reopen the strait once the fighting is over.

Trump has insisted the strait can be taken by force — but said it is not up to the US to do that. In an address to the American people Wednesday night, he encouraged countries that depend on oil from Hormuz to “build some delayed courage” and go “take it.”

Before the US and Israel started the war on Feb. 28 with strikes on Iran, the waterway was open to traffic and 20% of all traded oil passed through it.

Iran continues to strike Israel

Iran responded defiantly to Trump’s speech, in which the American president claimed US military action had been so decisive that “one of the most powerful countries” is “really no longer a threat.”

A spokesman for Iran’s military, Lt. Col. Ebrahim Zolfaghari, insisted Thursday that Tehran maintains hidden stockpiles of arms, munitions and production facilities. He said facilities targeted so far by US strikes are “insignificant.”

Just before Trump began his address — in which he said US “core strategic objectives are nearing completion” — explosions were heard in Dubai as air defenses worked to intercept an Iranian missile barrage.

Less than a half-hour after the president was done, Israel said its military was also working to intercept incoming missiles. Sirens sounded in Bahrain immediately after the speech.

Attacks continued across Iran on Thursday, with strikes reported in multiple cities.

Even amid the conflict, families went to a park in Tehran to play games and grill food to mark the last day of Iranian New Year, or Nowruz.

In Lebanon — home to Iran-backed Hezbollah who is fighting Israel, which has launched a ground invasion — an Israeli strike killed four people in the south, the Health Ministry said.

More than 1,900 people have been killed in Iran during the war, while 19 have been reported dead in Israel. More than two dozen people have died in Gulf states and the occupied West Bank, while 13 US service members have been killed.

More than 1,300 people have been killed and more than 1 million displaced in Lebanon. Ten Israeli soldiers have also died there.

Nearly three dozen nations talk about securing the Strait of Hormuz

Iranian attacks on about two dozen commercial ships, and the threat of more, have halted nearly all traffic in the waterway that connects the Gulf to the open ocean.

Since March 1, traffic through the strait has dropped 94% over the same period last year, according to the Lloyds List Intelligence shipping data firm. Two ships are confirmed to have paid a fee, the firm said, while others were allowed through based on agreements with their home governments.

Saudi Arabia piped about 1 billion barrels of oil away from the Strait of Hormuz in March, according to maritime data firm Kpler, while Iraq said Thursday that it had started to truck oil across Syria to avoid the strait.

The 35 countries that spoke Thursday, including all G7 countries except the US, as well as the United Arab Emirates and Bahrain, signed a declaration last month demanding Iran stop blocking the strait.

Thursday’s talks were focused on political and diplomatic measures, but British Foreign Secretary Yvette Cooper said military planners from an unspecified number of countries will also plot ways to ensure security once fighting ends, including potential mine-clearing work and “reassurance” for commercial shipping.

No country appears willing to try to open the strait by force while the war is raging. French President Emmanuel Macron, while on a visit to South Korea, called a military operation to secure the waterway “unrealistic.”

But there is a concern that Iran might limit traffic through the waterway even after US and Israeli attacks cease.

The idea of an international effort has echoes of the “coalition of the willing,” led by the UK and France, that was assembled to underpin Ukraine’s security in the event of a ceasefire in that war. The coalition is, in part, an attempt to demonstrate to Washington that Europe is doing more for its own security in the face of frequent criticism from Trump.

Oil prices rise again

The conflict is driving up prices for oil and natural gas, roiling stock markets, pushing up the cost of gasoline and threatening to make a range of goods, including food, more expensive.

On Thursday, Brent crude, the international standard, rose again and was around $108, up about 50% from Feb. 28.

Though the oil and gas that typically transits the strait is primarily sold to Asian nations, Japan and South Korea were the only two countries from the region joining Thursday's call about the strait. The supply of jet fuel has also been interrupted, with consequences for travel worldwide.



US Imposes Fresh Sanctions on Iranian Exchange House, Shadow Fleet Vessels

US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
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US Imposes Fresh Sanctions on Iranian Exchange House, Shadow Fleet Vessels

US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)

The Trump administration on Tuesday imposed sanctions on an Iranian foreign currency exchange house and what it said were front companies overseeing transactions on behalf of Iranian banks as the US maintains pressure on Tehran.

The move came after Iran said its latest peace proposal to the United States over the US-Israeli led war that started February 28 involves ending hostilities on all fronts including Lebanon, the exit of US forces ‌from areas close ‌to Iran, and reparations for destruction caused by ‌the ⁠conflict.

The Treasury Department ⁠imposed sanctions on the Iran-based Amin Exchange, also known as Ebrahimi and Associates Partnership Company, which it said has a widespread network of front companies spanning multiple jurisdictions, including in Türkiye and Hong Kong.

The US also blocked 19 vessels it said were involved in shipping Iranian petroleum and petrochemicals to foreign customers.

The Treasury ⁠Department said Iranian exchange houses facilitate billions of dollars ‌in foreign currency transactions a year, ‌enabling the government to evade sanctions and access the international financial system. It ‌said the front companies oversee hundreds of millions of dollars ‌in transactions on behalf of Iranian banks.

"Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes," Treasury Secretary Scott Bessent said in a release. "As Treasury systematically dismantles Tehran’s shadow banking system and shadow fleet under Economic ‌Fury, financial institutions must be alert to how the regime manipulates the international financial system to ⁠wreak havoc."

The sanctions block US assets of those designated and prevent Americans from doing business with them.

The US also designated vessels for transporting Iranian-origin oil, petroleum products and petrochemicals including the Barbados flagged liquefied petroleum gas tanker Great Sail, the Palau-flagged products tanker Ocean Wave, and the Panama-flagged chemical/oil tanker Swift Falcon.


Israel Finance Minister Says ICC Seeks Arrest Warrant Against Him

Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)
Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)
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Israel Finance Minister Says ICC Seeks Arrest Warrant Against Him

Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)
Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)

Israel's far-right finance minister Bezalel Smotrich said Tuesday that the International Criminal Court prosecutor has requested an arrest warrant against him, accusing the Palestinian Authority of pushing for the move.

Smotrich said he would retaliate by ordering the evacuation of the Palestinian Bedouin community of Khan al-Ahmar in the occupied West Bank.

"Last night I was informed that the criminal prosecutor of the antisemitic court in The Hague has filed a request for an international arrest warrant against me," Smotrich told a news conference broadcast on his X account Monday.

"As a sovereign and independent state, we do not accept hypocritical dictates from biased bodies that time and again take a stand against the State of Israel," he added, without disclosing the charges for which the warrant has been requested.

The ICC prosecutor's office said it was "unable to comment on media speculation or questions related to any alleged application for a warrant of arrest".

In November 2024, the ICC issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant, to face accusations of war crimes and crimes against humanity over Israel's actions during its war against Hamas in Gaza.

- 'Declaration of war' -

"Immediately upon the conclusion of my remarks here, we will sign an order to evacuate Khan al-Ahmar," Smotrich said, calling the warrant request "a declaration of war".

More than 750 people live in the community of Khan al-Ahmar, around 10 kilometers east of Jerusalem's Old City in the central West Bank and surrounded by Israeli settlements.

The Palestinian Authority's Settlement and Wall Resistance Commission urged the international community to stop the move.

"Targeting Khan al-Ahmar is part of a long-term strategic settlement project... through which Israel seeks to create complete settlement contiguity that would separate the northern West Bank from its south," the commission's minister, Muayad Shaaban, was quoted as saying.

Peace Now, an Israeli settlement watchdog, also denounced the move.

"The Minister of Expulsion and Annexation seeks to take revenge on The Hague and the international community at the expense of one of the most vulnerable communities," it said.

Khan al-Ahmar sits near land Israel plans to use for its controversial E1 development project that would facilitate settlement expansion in the area near Jerusalem.

Smotrich, who lives in a settlement himself, is a staunch proponent of Israel annexing the West Bank.

"Under this government, we see that for the first time they've approved the very sensitive and significant plan of E1, and they're going ahead with plans to annex that entire region," Lior Amihai, Peace Now's executive director, told AFP.

"In order for them to annex the entire region, they need to also expel the Palestinian communities from there and Khan al-Ahmar is one of them," he added.


EU Denounces New US Waiver of Russian Oil Sanctions

European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)
European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)
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EU Denounces New US Waiver of Russian Oil Sanctions

European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)
European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)

The European Union criticized Tuesday the latest US waiver of sanctions on Russian oil, announced while G7 finance ministers were meeting to reach a common response to multiple economic challenges.

Washington's move aims to help lower energy prices that have skyrocketed since the US and Israel launched attacks on Iran in February, effectively shutting the Strait of Hormuz to Gulf oil tanker traffic.

But EU economics commissioner Valdis Dombrovskis denounced the extensions, which have given Moscow a financial boost as it pursues its war against Ukraine.

"From the EU point of view, we do not think that this is a time to ease pressure on Russia," Dombrovskis told journalists while arriving for a second day of G7 talks in Paris.

"In fact, Russia is the one which is gaining from the war in Iran and the increase in fossil fuel prices," he said. "If anything, we would need to strengthen the pressure."

US Treasury Secretary Scott Bessent is in Paris for the Group of Seven talks hosted by France, which currently chairs the group's rotating presidency.

"Secretary Bessent was reassuring us that this is a temporary measure, but we know that it's already a second extension of the measure which initially was meant to last only 30 days," Dombrovskis said.

French Finance Minister Roland Lescure said a joint statement would nonetheless be made following talks that are to wind up Tuesday.

"We've had extremely frank discussions between people who do not necessarily agree on everything, but who are able to talk about everything," he told journalists.

The talks aim to keep dialogue open as trade feuds spurred by US President Donald Trump's tariff blitz compound geopolitical tensions.