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May 12, 2026

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A picture taken on March 12, 2017, shows an Panamanian tanker docking at the platform of the oil facility in the Khark Island, on the shore of the Gulf.

Breaking | Last Updated: May 11, 2026, 4:31 pm

US hits China-linked Iran oil trade with sanctions ahead of Trump trip

The sanctions come after the United States rejected Iran's latest proposal to end the war.

PALM BEACH, FLORIDA - MAY 2: U.S. President Donald Trump speaks to journalists before boarding Air Force One at Palm Beach International Airport on May 2, 2026 in Palm Beach, Florida. Trump is spending the weekend at his Mar-A-Lago resort. (Photo by Roberto Schmidt/Getty Images)

Trump calls Iran response 'piece of garbage,' set to meet military advisers

A US Navy nuclear submarine reached port in Gibraltar on Sunday in an unsubtle signal from the Pentagon.

Ronen Zvulun / AFP via Getty Images

Netanyahu fears being left out as Trump pursues Iran diplomacy

Prime Minister Benjamin Netanyahu said he was not surprised by President Donald Trump’s suspension of Project Freedom and move toward talks with Iran, but analysts say Washington may not be fully weighing Israel's concerns in negotiations with Tehran.

Latest News

China’s overland trade routes offer Iran wartime economic lifeline: What to know

CN-STR / AFP via Getty Images

Analysis

Why Iran's wartime behavior risks lasting rupture with Gulf states

A woman walks past a banner featuring Iran's late supreme leaders, Ayatollah Ruhollah Khomeini (L) and Ayatollah Ali Khamenei (C), next to newly elected Supreme Leader Ayatollah Mojtaba Khamenei, in Tehran on April 19, 2026.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

Analysis

CIA report on Iran missiles undercuts Netanyahu as war euphoria dissipates

Traffic passes a billboard depicting Iranian ballistic missiles in service, with text in Arabic reading "the honest [person's] promise" and in Persian "Israel is weaker than a spider's web," Valiasr Square, Tehran, April 15, 2024. ATTA KENARE/AFP via Getty Images.

In Tel Aviv, reporting on national security, Israeli politics, defense

US strikes Iran tankers as UAE reports fresh missile, drone attacks

Getty

Elizabeth Hagedorn

Diplomatic Correspondent

In Washington, DC, reporting on diplomacy, regional politics, human rights

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

A correspondent in Tehran

In Tehran, reporting on politics

Benjamin Houghton

In Durham, reporting on China in the Middle East

Rahim Rahimov

In Baku, reporting on Middle East-Caucasus ties

Mehrnaz Samimi

In Washington, DC, reporting on Iranian culture

Iran tightens noose on corrupt tycoons

Iran's judiciary is prosecuting individuals accused of corruption and embezzlement on a scale unheard of in the country.

Fighters of Hashed Al-Shaabi (Popular Mobilization units) flash the victory gesture as they advance through a street in the town of Tal Afar, west of Mosul, after the Iraqi government announced the launch of the operation to retake it from Islamic State (IS) group control, on August 26, 2017. / AFP PHOTO / AHMAD AL-RUBAYE (Photo credit should read AHMAD AL-RUBAYE/AFP/Getty Images)

Ninevah governor's election stirs Sunni split in Baghdad

The Ninevah Provincial Council has chosen a new governor close to the Shiite-dominated Popular Mobilization Units, prompting objections from many Sunnis.

U.S. Senator Bernie Sanders (I-VT) speaks to reporters after being briefed on Iran by the Secretary of State and acting Defense Secretary on Capitol Hill in Washington, U.S., May 21, 2019. REUTERS/James Lawler Duggan - RC1FC8F878D0

Democrats fret over Iran escalation risk

Democrats are urging the Donald Trump administration to tamp down tensions with Iran following an all-members briefing.

Iranian President Hassan Rouhani speaks at the Nelson Mandela Peace Summit during the 73rd United Nations General Assembly in New York, U.S., September 24, 2018. REUTERS/Carlo Allegri - RC1E713F5F70

Iran sticks to its guns: No room for talks with Trump

Iran's president has once again ruled out dialog with his US counterpart amid mixed signals from the White House. Yet third-party mediation remains an option both sides seemingly favor.

Russian President Vladimir Putin and Iranian President Hassan Rouhani attend a news conference, after a meeting in the Black sea resort of Sochi, Russia, 14 February 2019. Sergei Chirikov/Pool via REUTERS - RC158EB139B0

Can Iran rely on Russia to dodge US pressure?

Iran is relying on Russia to minimize the impact of the US "maximum pressure" campaign, but Russia seems to have reservations while it also enjoys certain advantages if US-Iran tensions remain unresolved, albeit at a controlled level.

What does the UAE expect from Egypt?

Political analysts believe Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan’s visit to Cairo helps solidify UAE-Egypt relations as the situation escalates in the Gulf.

EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on their ability to film or take pictures in Tehran.

A petrol station attendant (R) counts money as a man waits for his change at a petrol station in northwestern Tehran December 19, 2010. The price of gasoline will rise four-fold in Iran in the coming days, state television announced late on Saturday, as the most politically sensitive part of President Mahmoud Ahmadinejad's subsidy cuts plan takes effect. REUTERS/Morteza

What to do about Iran’s expected budget deficit

The impact of US sanctions on Iranian energy exports is bound to cause a budget deficit in Iran, with the Rouhani administration facing tough choices ahead.

Iranian Foreign Minister Mohammad Javad Zarif attends a meeting with Sergei Lavrov in Moscow, Russia May 8, 2019. REUTERS/Evgenia Novozhenina - RC19DF14C2E0

Iran, US trade tweets as talk of war dies down

Iran’s Foreign Minister Mohammad Javad Zarif responded to Donald Trump’s tweets in a sign that both sides want to reduce tension.

Rocket strikes Baghdad’s Green Zone

A rocket has hit Baghdad's Green Zone near the US Embassy, ramping up US-Iranian tensions even further.

Russia may have designs on Iran's trade with Syria

Observers wonder whether Russia will cut into Iran's trade volume with Syria.

Why Saudi Arabia is focused on tensions with Iran

The Saudis have called an Arab summit for May 30 in Mecca to likely brand Iran as a terrorist state, with the apparent hope that the United States will strike Iran.

Russian President Vladimir Putin chairs a meeting on military aviation in Sochi, Russia May 15, 2019. Sputnik/Alexei Druzhinin/Kremlin via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC1B14947F40

Intel: How Russia is trying to help defuse US-Iran tensions