Trump Rejects Iran Amendment Passed by Pakistan as 8-Week Cease-Fire Frays
Updated
Updated · Haaretz · May 19
Trump Rejects Iran Amendment Passed by Pakistan as 8-Week Cease-Fire Frays
12 articles · Updated · Haaretz · May 19
Monday’s Iranian amendment—relayed by Pakistan to revise an earlier proposal—was rejected outright by President Donald Trump, reviving uncertainty over the next U.S. move.
Trump paired the rejection with a fresh warning that “the clock is ticking” and Iran must “get moving, FAST, or there won’t be anything left of them.”
The standoff comes after an April 8 cease-fire that was meant to last a couple of weeks but has stretched to about 8 weeks without resolving the underlying dispute.
That leaves diplomacy in limbo again, with markets and governments already on edge after stalled talks, U.S. military-option discussions and the Strait of Hormuz closure.
Will Iran's wounded new leader, seeking to prove his power, risk a wider war to break the American blockade?
As Iran counters the US blockade by shutting down global oil routes, whose economy will be the first to crack under the pressure?
Global Economic Shockwaves: U.S.-Iran War and the Strait of Hormuz Blockade Push Oil Prices Toward Record Highs
Overview
The report highlights how the ongoing conflict in May 2026 has triggered a global energy crisis, centering on the disruption of the vital Strait of Hormuz. The U.S. Navy's blockade has blocked ships from Iranian ports, severely straining Iran’s economy by hindering essential imports and threatening oil production as storage fills up. In response, the U.S. launched 'Project Freedom' to guide stranded vessels, while Saudi Arabia and the UAE use alternative pipelines to bypass the Strait. Despite these efforts, the global energy market remains vulnerable, with rising prices and economic shockwaves spreading worldwide.