US cites optimism over a deal even as Iran threatens to shut down Red Sea shipping

SCMP News

US cites optimism over a deal even as Iran threatens to shut down Red Sea shipping
White HouseCeasefireIran Negotiations

LOS ANGELES, April ⁠16 (Reuters) - Netflix Chairman Reed Hastings is leaving the streaming service he co-founded 29 ⁠years ago as the company regains its footing after it lost its $72 ‌billion deal for Warner Bros Discovery.

The White House on Wednesday dismissed as untrue reports that the US had sought to extend a ceasefire with Iran, while confirming that discussions over a second round of in-person negotiations were under way after marathon talks in Islamabad last week ended White House press secretary Karoline Leavitt told reporters that discussions were under way about a further round of talks with Tehran but “nothing is official”, adding that the negotiations would “very likely” be held in Pakistan again.

“It’s obviously in the best interest of Iran to meet the president’s demands. I think he’s made his red lines in these negotiations very clear to the other side. And so we are continuing to see how these conversations go.”

the Strait of Hormuz and put pressure on Iran. US President Donald Trump said on Tuesday that negotiations “could be happening over the next two days” and on Wednesday said the war was But even as Trump appeared confident of reaching a deal with Iran, signs of escalation were evident as Iran’s military on Wednesday

According to Iranian state media, the commander of Iran’s joint military command said Iran would “act with strength to defend its national sovereignty and its interests”, warning it would completely block exports and imports across the Persian Gulf region, the Sea of Oman and the Red Sea.

The warning came as Iran’s foreign minister Abbas Araghchi welcomed a Pakistani delegation led by army chief Asim Munir in Tehran that was reportedly there to relay a new message from the US and discuss a second round of talks. The first round of negotiations, held in Islamabad on April 11 and lasting over 21 hours, failed to secure a deal, with US Vice-President J.D. Vance citing Iran’s inability to make a “fundamental commitment of will” not to develop nuclear weapons. Iran said Washington “failed to gain the trust of the Iranian delegation”.

Ratcheting up pressure on Iran, the US Treasury on Tuesday said it would not renew the short-term authorisation for Iranian oil sales when it expires on April 19, adding it was “prepared to deploy secondary sanctions against foreign financial institutions that continue to support Iran’s activities”.

Asked about the sanctions on Wednesday, US Treasury Secretary Scott Bessent said his department has informed countries – and companies – “that if you are buying Iranian oil, that if Iranian money is sitting in your banks, we are now willing to apply secondary sanctions, which is a very stern measure”. “China was purchasing more than 90 per cent of oil, which is about 8 per cent of China’s energy needs,” he said. “We believe this blockade in the Strait, there will be a pause of Chinese buying. But I will tell you that two Chinese banks received letters from the US Treasury ... we told them if we can prove that there is Iranian money flowing through your accounts, then we are willing to put on secondary sanctions.”

In an interview with Fox Business host Maria Bartiromo that aired on Wednesday, Trump claimed he had exchanged letters with Chinese President Xi Jinping and that the Chinese leader “essentially” said Beijing was not supplying weapons to Iran. Trump also said in that interview he did not think that the Iran war would “change the dynamic” of his coming visit to China. The US leader was initially scheduled to visit China from late March but the

At the press briefing, Bessent touted a “great stability” in the US-China relationship, adding that “the keystone to the relationship is the strong respect that the two leaders have between each other”. “My experience has been when the communication is at the top, then we follow that directive and those wishes,” he said. “I expect great stability in the relationship.”

Trump wrote on social media minutes after the Fox Business interview was aired: “President Xi will give me a big, fat, hug when I get there in a few weeks. We are working together smartly, and very well!” -- SOUTH CHINA MORNING POSTMyanmar's ex-president freed after pardon of post-coup convictions

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

staronline /  🏆 4. in MY

White House Ceasefire Iran Negotiations Pakistan Talks Strait Of Hormuz Trump Iranian Oil Sanctions Tehran China-Iran Relations US-China Relationship

 

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rohingya Refugee Boat Capsizes in Andaman Sea, Hundreds MissingRohingya Refugee Boat Capsizes in Andaman Sea, Hundreds MissingFamilies are anxiously seeking information about their relatives after a boat carrying approximately 280 Rohingya refugees and Bangladeshi migrants capsized in the Andaman Sea earlier this month. The vessel, en route to Malaysia from Bangladesh, sank due to adverse weather conditions and overcrowding. Nine individuals have been rescued, but the fate of the majority remains unknown, casting a shadow of gloom.
Read more »

Oil steady as Hormuz constraints offset US-Iran peace hopesOil steady as Hormuz constraints offset US-Iran peace hopesASPEN Vision City is ushering in a new era of future-driven township living in Batu Kawan with the unveiling of Mezon Park Enclave show units.
Read more »

Ringgit Opens Higher Against US Dollar on Renewed US-Iran Talks OptimismRinggit Opens Higher Against US Dollar on Renewed US-Iran Talks OptimismThe Malaysian ringgit saw a marginal increase against the US dollar, buoyed by hopes that upcoming US-Iran negotiations could de-escalate tensions in critical oil supply routes. Economists predict the currency to remain within a narrow trading band, influenced by global inflation concerns and potential US Federal Reserve interest rate policies. The ringgit experienced mixed performance against other major currencies.
Read more »

US eyes second Iran peace talks in Pakistan as Tehran threatens Red Sea trade shutdownUS eyes second Iran peace talks in Pakistan as Tehran threatens Red Sea trade shutdownWASHINGTON, April 16 — The United States is discussing a possible second round of peace talks with Iran in Pakistan and is optimistic about reaching a deal, US officials said...
Read more »

US ramps up sanctions on Iran oil network as Strait of Hormuz shutdown fuels tensionsUS ramps up sanctions on Iran oil network as Strait of Hormuz shutdown fuels tensionsWASHINGTON, April 16 — The United States announced yesterday it is tightening sanctions against Iran’s oil industry as Tehran keeps up its closure of the Strait of Hormuz as...
Read more »

CROSSOVER and WIND AND SEA Unveil 'New Classic' Collection with Bold Graphics and Everyday WearCROSSOVER and WIND AND SEA Unveil 'New Classic' Collection with Bold Graphics and Everyday WearMalaysian streetwear retailers CROSSOVER and WIND AND SEA have launched a new collaborative capsule collection called New Classic. The line features bold graphics, including a reworked Leopard Pattern Camo with WIND AND SEA's script logo, applied to garment-dyed tees and caps with a worn-in texture. The collaboration also extends to everyday objects like a co-branded coffee cup and a foldable storage box, blending CROSSOVER's raw aesthetic with WIND AND SEA's signature clean silhouettes and graphics rooted in skate and street culture.
Read more »



Render Time: 2026-04-19 17:01:09