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World Wide May 12, 2026

Iran and US in Standoff Over Peace Proposal as Ceasefire Teeters

The US and Iran are locked in a standoff over a peace proposal, with US President Donald Trump sayi…
The Standoff Over Peace US President Donald Trump has said the ceasefire with Iran is “on life support” after rejecting Tehran’s latest proposal to end the conflict, calling it “totally unacceptable”. Iran’s Foreign Ministry spokesman, Esmaeil Baghaei, said the US has made “unreasonable demands” to end the war, while the country’s parliament speaker, Mohammad Bagher Ghalibaf, says Tehran is ready to respond to “any aggression”, which will leave the US “surprised”. The US Proposal Rejection The US President's comments come after Iran rejected the US proposal, leading to a significant escalation in tensions between the two nations. The Impact on Ceasefire The ceasefire, which was already fragile, now hangs by a thread as both sides seem unwilling to compromise. The Future Outlook The situation remains volatile, with the potential for further conflict and escalation.
#Iran #US #Donald Trump
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Business May 12, 2026

Trump's Direct Intervention: Suspending the Federal Petrol Tax Amidst Iran War Volatility

President Donald Trump announced the suspension of the 18-cent federal petrol tax to mitigate the i…
Trump's Direct Intervention in Fuel CostsPresident Donald Trump has announced a direct intervention in the US energy market, pledging to suspend the 18-cent federal petrol tax to counteract record-high fuel prices exacerbated by the ongoing instability surrounding the Iran ceasefire.The 18-Cent Federal Tax Suspension ProposalTrump stated on Monday that the tax would be removed for a "period of time," with the intent to phase it back in once gas prices stabilize. He characterized the move as a necessary cushion for the American consumer amid the geopolitical fallout from the US-Israel war on Iran.The $2.5bn Infrastructure Gap and Oil Market VolatilityThe proposed suspension would temporarily halt the collection of approximately $2.5 billion in federal revenue, which is currently allocated for US roadway infrastructure. Concurrently, oil markets are reacting sharply; Brent crude futures surged 3.13% to $104.46 a barrel, while US West Texas Intermediate (WTI) rose to $98.32. This volatility is reflected on Wall Street, with major oil and gas giants like Exxon (up 3.1%) and Chevron (up 1.7%) seeing significant gains in midday trading.Congressional Gridlock and Regional Price DisparitiesWhile the President claims the authority to waive the tax, legal experts and analysts point out that suspending a federal tax requires an act of Congress. This creates a legislative hurdle, though Republican Senator Josh Hawley has pledged to introduce legislation to facilitate the suspension. Analysts suggest the impact will vary by region, potentially reinforcing price differentiation between states that have already reduced their own petrol taxes.The Future of Airline Stability and Consumer ReliefThe move signals a potential long-term struggle for the airline industry, which has already faced pressure from jet fuel costs. With Spirit Airlines ceasing operations due to "massive and sustained increases in fuel prices" and United Airlines raising fares by 20%, the suspension of the petrol tax offers a temporary reprieve for consumers but does not address the structural fuel costs facing the aviation sector.
#Donald Trump #US Economy #Federal Tax
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Politics May 12, 2026

Trump to Raise US Arms Sales to Taiwan in Upcoming Meeting with Xi Jinping

Former President Donald Trump announced he will discuss U.S. weapons sales to Taiwan with Chinese P…
Former President Donald Trump said he will bring up the issue of U.S. arms sales to Taiwan in his upcoming talks with Chinese President Xi Jinping, marking his first visit to China in nine years.Trump’s Planned Discussion on Taiwan Arms Sales with XiMeeting schedule: Trump arrives in Beijing on Wednesday, with talks slated for Thursday and Friday.Trump’s statement: “I’m going to have that discussion with President Xi… President Xi would like us not to, and I’ll have that discussion.”Conflict outlook: Trump reiterated his belief that a near‑term war over Taiwan is unlikely.Scale of the Latest US Weapons Package for TaiwanValue: More than $11 billion, the largest arms deal ever approved for Taiwan (December 2025).Purpose: Provides Taiwan with weapons capable of countering a potential Chinese assault.Potential Ripple Effects on US‑China‑Taiwan RelationsUS defence support for Taiwan has long been a flashpoint with Beijing, which claims the island as part of its territory.China responded to the December arms approval with provocative military drills simulating a blockade of Taiwanese ports.The United States maintains a “no official position” on Taiwanese sovereignty while urging peaceful resolution.What the Meeting Could Signal for Future Diplomatic EngagementsTrump expressed confidence in his personal rapport with Xi, stating “He knows I don’t want that to happen.”If the discussion leads to a de‑escalation, it could temper the recent surge in Chinese military activity around Taiwan.Conversely, a hard‑line stance on arms sales might reinforce U.S. commitment to Taiwan but risk further Chinese pushback.
#Donald Trump #Xi Jinping #Taiwan
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Politics May 11, 2026

Trump says ceasefire on 'life support' after rejecting Iran's proposal

US President Donald Trump says a ceasefire in the Middle East is on 'life support' after rejecting …
The Ceasefire in Jeopardy US President Donald Trump has stated that a ceasefire in the Middle East is on 'life support' following his rejection of a proposal put forth by Iran. Trump's Stance on Iran's Proposal The details of Iran's proposal have not been made public, but Trump's comments suggest that he was not satisfied with the terms. Implications for the Region The ceasefire, which was already fragile, now faces significant challenges as Trump's administration continues to apply pressure on Iran. Future Outlook The situation remains fluid, with diplomatic efforts continuing to find a resolution to the conflict.
#Donald Trump #Iran #Ceasefire
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Politics May 11, 2026

Trump says Iran ceasefire on 'life support' after rejecting Tehran's response

US President Donald Trump has said that the ceasefire with Iran is 'on life support' after rejectin…
The Trump Administration's Stance on Iran Donald Trump says the ceasefire with Iran is “on life support,” after dismissing Tehran’s response to a US peace proposal as “stupid.” The US president’s swift rejection of Iran’s response on Sunday has fuelled concerns that the 10-week-old conflict will drag on, and continue to paralyse shipping through the Strait of Hormuz. Iran's Response to the US Proposal Referring to the latest proposal, Trump said the ceasefire is “the weakest right now after reading that piece of garbage they sent us.” Iran on Sunday released a response focused on ending the war on all fronts, including in Lebanon, where US ally Israel is fighting Iran-backed Hezbollah fighters. Key Demands from Iran End the war on all fronts Compensation for war damage Sovereignty over the Strait of Hormuz End the US naval blockade Guarantee no further attacks Lift sanctions and remove the ban on Iranian oil sales The Impact on the Global Economy Uncertainty around the conflict has continued to unsettle the global economy, as the Strait of Hormuz – the crucial shipping route for oil and gas exports from the Middle East – has effectively remained shut. The US is blockading Iranian ports in a bid to cut off Iran’s ability to export oil. The Future Outlook The search for an agreement between the US and Iran has so far proved elusive, with Trump threatening a return to war without a series of concessions that Tehran has framed as maximalist and incompatible with its sovereignty. Iranian officials have also expressed a lack of trust in the US, which has previously attacked Iran during periods of negotiation.
#Donald Trump #Iran #US
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World Wide May 11, 2026

Israel-Lebanon Ceasefire Strained: Escalating Attacks Threaten Fragile Peace

The ceasefire between Israel and Hezbollah, which began on April 16, is under strain as both sides …
The Escalating Conflict The ceasefire in Lebanon that started on April 16 is increasingly coming under strain, with both Israel and Hezbollah ramping up attacks against each other. Recent Israeli Attacks Since Israel began its war on Lebanon on March 2, at least 2,846 people have been killed and more than a million displaced. On Sunday, the Lebanese Health Ministry reported that Israeli attacks had killed 51 people, including two medical workers. Israeli attacks have killed 103 Lebanese medical workers and injured 230 in over 130 strikes. The Israeli military has issued new warnings for southern Lebanon, telling residents of nine areas to flee before potential Israeli strikes. Hezbollah's Retaliation Hezbollah has continued striking Israeli forces, carrying out 24 attacks targeting Israeli army positions, soldiers, and military vehicles in southern Lebanon over the past 24 hours. Targets included Israeli troop gatherings, Merkava tanks, bulldozers, military equipment, and newly established command centers. Operations involved explosive drones, rocket barrages, artillery shelling, and guided missiles. The Ceasefire's Future The US State Department is planning two days of intensive talks between the governments of Israel and Lebanon on May 14 and 15. The negotiations aim to advance a comprehensive peace and security agreement that substantively addresses the core concerns of both countries. Hezbollah will not be included in the talks and has protested about them being held. The Potential Outcomes The talks might result in another temporary extension of the current truce or lead to the ceasefire's total collapse. US President Donald Trump holds the necessary leverage to encourage the parties to prefer de-escalation and find a diplomatic way out of the disastrous war.
#Israel #Lebanon #Hezbollah
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Economy May 11, 2026

California Eyes Billionaire Tax as Food Benefit Cuts Loom

As food benefit cuts loom in the US, Californians are considering a billionaire tax to mitigate the…
The Looming Food Benefit Cuts With food benefit cuts looming in the US, single mother Greer Dove is among those who will be severely impacted. She relies on the federal government's Supplemental Nutritional Assistance Program (SNAP) and a local food bank in California's Marin County to feed her eight-year-old daughter with special needs. The Impact of the OBBBA Cuts President Donald Trump's One Big Beautiful Bill Act (OBBBA), passed in June, cut SNAP benefits by over $186bn over the next 10 years. This could lead to more than 3 million people nationwide, and 665,000 recipients in California, losing food benefits. The Proposed Billionaire Tax California's proposed billionaire tax seeks to impose a one-time 5 percent tax on the assets of the state's more than 200 billionaires to make up for the funding gap created by the OBBBA. The tax is expected to raise $100bn, with 10 percent going towards making up for the retrenchment in food benefits. The Data Analysis Over 5.3 million people in California receive food benefits, the most of any state. 72,000 immigrants in California lost benefits in April. Nearly 600,000 recipients will be screened for work eligibility starting June. SNAP rolls have shrunk by 3.3 million nationally in the six months from July 2025 to January 2026. The Impact Analysis The cuts have already led to a 51 percent drop in SNAP rolls in Arizona, which has begun implementing the OBBBA cuts. In California, the rolls of Calfresh shrank by 288,000 or 6 percent from July 2025 to February 2026. The Prediction The billionaire tax faces opposition from tech entrepreneurs, who argue it will lead to a flight of capital and innovation from the state. However, experts say there is little academic evidence that such taxes cause the wealthy to leave at a notable scale.
#California #Billionaire Tax #Food Benefits
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Politics May 11, 2026

Suspect Pleads Not Guilty to Attempted Assassination of US President Trump

Cole Allen, the man who burst into the White House ballroom firing shots last month, has pleaded no…
The Attempted Assassination Cole Allen, a 31-year-old man, has pleaded not guilty to a charge of attempting to assassinate United States President Donald Trump. He made a similar plea to other charges, including assault on a federal officer and firearms offences, as he appeared in Washington federal court on Monday. Court Proceedings Allen did not speak during the court proceedings, as his attorney entered the plea on his behalf. Prosecutors allege that Allen fired a shotgun at a Secret Service agent and stormed a security checkpoint in a foiled attack aimed at killing Trump and other members of his administration at a White House Correspondents’ Dinner. The Charges Attempting to assassinate US President Donald Trump Assault on a federal officer Firearms offences The Incident The incident occurred last month when Allen burst into the White House ballroom firing shots. The attack was foiled, and Allen was apprehended by the Secret Service. The Investigation The investigation into the incident is ongoing, with prosecutors working to gather evidence and build a case against Allen. The attempted assassination has raised concerns about the security of the White House and the safety of the President and his administration.
#Donald Trump #White House #US President
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Politics May 11, 2026

Trump Rejects Iran's Peace Proposal as 'Totally Unacceptable' Amid Growing Tensions

President Donald Trump has rejected Iran's peace proposal to end the war, calling it 'totally unacc…
The LeadUnited States President Donald Trump has rejected Iran's response to his latest peace proposal to end the war, which has upended the global economy. In a series of posts on his Truth Social platform, Trump accused Iran of 'playing games' and called their response 'totally unacceptable,' escalating tensions in the already volatile Middle East region.The Diplomatic BreakdownResponding to the counterproposal Iran sent to the US via mediator Pakistan, Trump wrote that Iran 'has been playing games with the United States, and the rest of the World, for 47 years.' He added: 'They will be laughing no longer!' Two hours later, he reiterated: 'I have just read the response from Iran's so-called 'Representatives'. I don't like it – TOTALLY UNACCEPTABLE!'Iran's Ministry of Foreign Affairs spokesperson, Esmaeil Baghaei, responded by stating that the US continues to have 'unreasonable demands,' adding that Iran's response was 'not excessive.' He emphasized that Iran's proposal to end the war and lift its naval blockade in and around the Strait of Hormuz was a 'legitimate' demand.The Strategic DemandsAccording to Iranian media reports, Tehran countered the US proposal with one of its own, including a demand for an end to the war on all fronts, including in Lebanon, where Israel has carried out heavy strikes and a ground invasion. Iran wants the first stage of negotiations to focus on ending hostilities and ensuring 'maritime security' in the Gulf and the Strait of Hormuz.On the nuclear issue, Iran reportedly proposed to have some of its highly enriched uranium diluted and the rest transferred to a third country. They were also willing to suspend enrichment for a shorter period than the 20-year moratorium proposed by the US but rejected dismantling nuclear facilities.In contrast, the US has demanded that Iran reduce uranium enrichment to 0% and hand over its estimated 440kg stock of enriched uranium. The US 14-point peace proposal also requires Iran to agree not to develop a nuclear weapon and to halt all enrichment for at least 12 years.The Regional ImplicationsThe ongoing tensions have significant implications for global energy markets, as the Strait of Hormuz is through which one-fifth of global oil and natural gas exports are shipped during peacetime. Iran's de facto blockade of the strait came in response to US and Israeli attacks on the country on February 28.The naval standoff has disrupted international shipping, with both the US and Iran continuing to attack, capture and intercept ships. Countries in the Gulf region have also come under attack again, threatening regional stability and security.Chris Featherstone, a political scientist at the University of York, noted that Iran has not conceded to US demands, which appears to have confounded Trump. 'The Iranians are maintaining their conditions for a long-term peace deal,' he said, adding that Trump has 'painted himself into a corner' in these negotiations.The Path ForwardWith neither side agreeing to a peace deal, experts suggest limited options for Trump. Ali Vaez, director of the Iran Project at the International Crisis Group, stated that 'no amount of economic coercion or military force will compel Iran to capitulate to maximalist US demands.' Trump is left with what Vaez calls 'two bad options: escalate a war he cannot win, or accept a compromise he cannot sell.'Mark Pfeifle, a former US national security adviser, suggested that Trump is unlikely to resume the war but may ramp up economic pressure through the blockade and conduct limited military actions targeting Iran's fast boats, drone launch pads and missile sites. Trump could also tighten sanctions or push for European and Asian naval forces to help escort ships through the Strait of Hormuz.As Baghaei stated, 'Whenever we are forced to fight, we will fight, and whenever there is room for diplomacy, we will seize that opportunity.' However, with both sides entrenched in their positions, the path to a comprehensive peace agreement remains uncertain.
#Donald Trump #Iran #Middle East
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