The head of Iran's IRGC intelligence wing was killed in an attack, which Iran blames on the US-Israeli enemy, labeling it a terrorist act. Iran stated it would not reopen the Strait of Hormuz in exchange for a temporary ceasefire. Discussions on a ceasefire, including Pakistan's proposal, are ongoing, with a potential 45-day truce being considered.
Reports indicate that Majid Khademi, head of Iran's IRGC intelligence, was killed in a US-Israeli strike. Meanwhile, US President Donald Trump issued an ultimatum to Iran to reopen the Strait of Hormuz by a specific deadline. Iran dismissed Trump's ultimatum, calling it 'helpless and unbalanced.'
US-Israeli raids targeted Tehran, resulting in the death of the IRGC intelligence chief and killing at least 15 people. Iran and the US are reviewing a ceasefire framework, but Tehran refuses to open the Strait of Hormuz as part of any deal. Meanwhile, the Indian Navy continues to escort LPG tankers through the Strait of Hormuz despite the regional conflict.
US intelligence suggests Iran is unlikely to relinquish its control over the Strait of Hormuz, viewing it as its primary leverage against the US. Tehran is expected to keep energy prices high to pressure the US President and maintain control even post-war. Experts warn of high risks in military intervention, noting Iran will use this leverage for long-term security gains.
President Trump hailed the U.S. Special Forces rescue of an American colonel shot down in Iranian territory as an 'Easter miracle.' This daring operation occurred as the deadline for a deal regarding the Strait of Hormuz approaches. Trump has threatened severe measures, including destroying Iran's power grid, if Tehran does not accept his terms.
Tensions escalate after Israel claims to have killed the head of Iran's Revolutionary Guard intelligence. Israel and the US conducted strikes on Iran, which retaliated by firing missiles. US President Trump threatens further military action, demanding the reopening of the Strait of Hormuz.
Iran is attempting to impose arbitrary tolls on ships in the Strait of Hormuz, creating a major obstacle to peace negotiations. If formalized, this toll could structurally increase energy transport costs by adding a premium to oil prices. Currently high due to supply cuts and risk premiums, the toll is expected to further drive up global prices, starting with Asia.
US President Trump reiterated threats against Iran's energy infrastructure if the Strait of Hormuz is not reopened. In response, Iran vowed to restrict another key waterway, the Bab el-Mandeb Strait. Amid ongoing mediation talks, geopolitical risks are escalating, driving up oil prices.
Iran rejected the strong demand from US President Donald Trump to reopen the Strait of Hormuz. A 45-day ceasefire proposal from mediators was delivered to both sides, but Iran faces difficulties in talks, demanding reparations and a promise against future attacks. Tensions are escalating due to recent attacks within Iran and the downing of a US airman.
Despite the US President's deadline to clear the Strait of Hormuz, Iran launched massive missile strikes in retaliation against Israel. These attacks caused civilian casualties in major Israeli cities like Haifa, significantly escalating regional hostilities. Iran warned of even more devastating retaliation if further attacks occur, heightening tensions.