This live blog follows the latest developments across the Middle East crisis, including regional diplomacy, maritime security, ceasefire negotiations, and economic fallout.
Catch up: Yesterday’s top developments
- Iran’s president stated that the country has no intention of developing nuclear weapons
- President Donald Trump said the US won't 'rush' to finalize a deal with Iran
- Oil markets in Asia tumbled over 5% amid optimism surrounding potential US-Iran deal
- Saudi Arabia praised Pakistan’s mediation role in efforts to ease regional tensions
- A pre-dawn Israeli airstrike in central Gaza killed three family members, including an infant
US futures rise as traders weigh ME War developments
Published: May 25, 2026 | 1:38 GMT | by Web Desk
The Guardian reported Monday that US stock futures moved higher in early trading as investors reacted to expectations surrounding a possible agreement to end the Iran war.
The gains came as market participants positioned for increased risk appetite at the start of the week.
Nasdaq futures rose 0.89%, while S&P 500 futures gained 0.6%.
However, uncertainty over the reopening of the Strait of Hormuz limited market enthusiasm.
Oil retreats in Asian trading even as Trump dampens US–Iran deal prospects
Published: May 25, 2026 | 5:44 GMT | by Web Desk/AFP
Oil prices fell more than 5% in early Asian trading on Monday, with markets reacting to expectations of a possible US–Iran agreement even after US President Donald Trump signaled caution over its timing.
Brent crude dropped 5.1% to $98.22 per barrel around 2300 GMT on Sunday, while West Texas Intermediate fell 5.2% to $91.57.
Trump said in a social media post on Sunday that negotiators should not rush into a deal, saying time was on their side. He added that restrictions would remain in place until an agreement is reached and signed.
The United States and Iran have observed a ceasefire since April 8 while mediators continue efforts toward a negotiated settlement.