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LIVE UPDATES: Conflict in the Middle East (April 28, 2026)


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Ships and boats in the Strait of Hormuz, Musandam, Oman
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Oil prices hit $110 and stocks fall on Iran impasse and AI

Stocks fell and oil rose on Tuesday as investors assessed the stalemate in the Iran conflict and worried the AI boom was losing momentum, while the dollar climbed.

The US was reviewing Tehran's latest proposal to resolve the war. A US official said President Donald Trump was unhappy with the plan as it did not address Iran's nuclear program.

The two-month-long conflict is at an impasse and energy and other supplies are still failing to cross through the critical Strait of Hormuz, pushing oil prices above $110 a barrel on Tuesday.

Brent crude oil rose 3% to $111.40 a barrel, a three-week high, while US oil was up 3.8% at $100.

ASEAN energy chiefs push ratification of petroleum-sharing deal amid Middle East crisis

The energy ministers of the Association of Southeast Asian Nations (ASEAN) have called for the “expeditious" ratification of a regional petroleum-sharing agreement to support the member states' oil and gas needs during global supply disruptions in light of the US-Israel war on Iran.

In a joint statement following the special virtual meeting on Monday, the ASEAN energy chiefs, chaired by Philippine Department of Energy Secretary Sharon Garin, emphasized that the current geopolitical climate necessitates a shift from individual national policies to a "voluntary and coordinated framework for emergency response."

The region’s energy ministers identified the ASEAN Framework Agreement on Petroleum Security (APSA) as the “cornerstone” of Southeast Asia’s defense against external energy shocks. 

"We underscored the importance of the ASEAN Framework Agreement on Petroleum Security (APSA) as a key regional mechanism to enhance preparedness and collective response to potential oil and gas supply disruptions... In this regard, we urged the expeditious completion of national processes towards its ratification,” the joint statement read.

The ASEAN energy chiefs said that the move is a strategic push to fortify the region’s emergency response capabilities as volatile global markets threaten to disrupt the flow of oil and gas to the bloc.

Trump unhappy with Iranian proposal, US official says

WASHINGTON - A US official said on Monday that President Donald Trump is unhappy with an Iranian proposal because it did not address Iran's nuclear program.

"He doesn't love the proposal," the US official said, referring to Trump.

Earlier in the day, Trump discussed the proposal with his top national security aides. The US-Iran conflict remains in a stalemate with energy supplies from the region reduced.

Iranian sources earlier on Monday said the proposal would set ?aside discussion of Iran's nuclear program until the war has ended and disputes over shipping from the Gulf are resolved. Washington has said nuclear issues must be dealt with from the outset.

Work to bridge gaps between the U.S. and Iran has not halted, sources from mediator Pakistan have said.

But hopes of reviving peace efforts have receded since Trump announced this weekend he had scrapped a visit by his special envoy Steve Witkoff and son-in-law Jared Kushner to Islamabad, the Pakistani capital. —Reuters

King Charles arrives in US for state visit amid differences over Iran war

WASHINGTON - Britain's King Charles and Queen Camilla arrived in the United States on Monday for a four-day trip, welcomed by self-proclaimed royal fan Donald Trump even as the US president has differed with the British government over the Iran war.

The state visit, by far the most high-profile and consequential of Charles' reign, marks the 250th anniversary of the US Declaration of Independence from British rule, and is the first to the country by a British monarch in two decades.

After landing at Joint Base Andrews, the site of a brief arrival ceremony, Charles and Camilla proceeded to the White House, where they were greeted by Trump and First Lady Melania Trump, who exchanged kisses on the cheek with the king and queen while the president shook their hands. The four stood briefly for photographers before retreating inside for a private tea.

The king and queen later appeared at a garden party at the British ambassador’s recently renovated residence, where a choir sang the British and American national anthems.

Charles and Camilla mingled with a crowd that included media leaders, Washington socialites and officials such as US Senator Ted Cruz, Treasury Secretary Scott Bessent and ambassadors from other countries.

The week's schedule also includes a Tuesday address to Congress, a lavish state dinner at the White House and a Wednesday stop in New York City. The Washington events take place with much of the capital city still on edge following the White House Correspondents' Association dinner shooting on Saturday.

The king’s speech to Congress will last about 20 minutes, a palace source said. While written on the advice of the British government, much of the language and tone come from Charles himself, the source added.

The king will note that while the UK and US have not always agreed on all matters over the past 250 years, “time and again, our two countries have always found ways to come together." He will say that by defending their shared democratic values the two countries can promote security and prosperity for the world.

Charles will refer to their partnership as “one of the greatest alliances in human history."

Differences over Iran

While Trump is an unabashed fan of the British royal family who regularly describes Charles as a "great man," he has had differences with the British government of Prime Minister Keir Starmer.

Starmer is hoping the visit will shore up the future of the two allies' "special relationship," which is at its lowest point since the Suez Crisis in 1956.

The long-planned visit has become enmeshed in a political spat between the two countries over the US-Israeli war on Iran, which led Trump to voice deep displeasure with the British government for failing to support the offensive.

After visiting Washington, the royals will head to New York City where they will commemorate those killed in the September 11, 2001, attacks ahead of the 25th anniversary.

The trip concludes in Virginia with the king meeting those involved in conservation work, a nod to his half-century of environmental campaigning.

While Trump has in recent days eased his criticism of Britain over its response to the Iran war, an internal Pentagon email set out how the US could review its position on Britain's claim to the Falkland Islands as punishment for its lack of support, further straining ties.

One issue Charles will try to avoid during his visit is the Jeffrey Epstein scandal. Charles' brother, Andrew Mountbatten-Windsor, whose reputation and royal standing have been destroyed by his links to the late US sex offender, is facing police inquiries over his connections. The former Prince Andrew has denied any wrongdoing. —Reuters

Trump discussed new Iran proposal with national security aides, White House says

WASHINGTON – US President Donald Trump discussed a new Iranian proposal on resolving the war with Tehran with his top national security aides on Monday, White House press secretary Karoline Leavitt told reporters.

Answering questions at a briefing, Leavitt did not offer an opinion of the proposal, in which the Strait of Hormuz would be opened and Iran’s nuclear program discussed at a later date. But she said Trump’s bottom line demands remain the same.

Trump wants the Strait of Hormuz oil transit waterway to be open and for Iran to hand over its enriched uranium.

“I wouldn’t say they’re considering it. I would just say that there was a discussion this morning that I don’t want to get ahead of, and you’ll hear directly from the president, I’m sure, on this topic,” she said. — Reuters