Iran Sends New War Proposal as 3.8% US Inflation Delays Fed Rate Cuts
Updated
Updated · TRT World · May 19
Iran Sends New War Proposal as 3.8% US Inflation Delays Fed Rate Cuts
20 articles · Updated · TRT World · May 19
Iran said Monday it had responded to a new US proposal to end the war, keeping diplomatic exchanges alive even as Iranian media described Washington’s demands as excessive.
Trump said the conflict has pushed up global oil prices and lifted US inflation to 3.8% from 3.3%, making it harder to pursue the Federal Reserve rate cuts he wants.
Tehran’s leverage still centers on the Strait of Hormuz, where disrupted shipping through a route that normally carries about one-fifth of global oil has prolonged the energy shock.
A ceasefire that began on April 8 remains in place after failed talks, but stalled US-Iran negotiations risk renewed fighting and a longer regional and global economic fallout.
The war that began with US-Israeli strikes on February 28 has killed an estimated 6,500 to 9,100 people across the Middle East, with most casualties in Iran.
After Khamenei's death, is Iran's new leadership negotiating for peace or just buying time for a much larger war?
With the Strait of Hormuz blocked and ultimatums issued, will economic pain force a compromise before military strikes resume?