Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessTrump Vows Iran Will Pay for Deaths as Mediators Push TrucePresident Donald Trump vowed that Iran “will pay” for killing three US soldiers in recent days, even as mediators proposed a new truce with the Middle East war widening further.Author of the article:Kate Sullivan, Skylar Woodhouse and Eltaf NajafizadaLast updated 8 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.usgjjm6yoh6fsv}cjvejya82_media_dl_1.png Bloomberg; does not include all(Bloomberg) — President Donald Trump vowed that Iran “will pay” for killing three US soldiers in recent days, even as mediators proposed a new truce with the Middle East war widening further. 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Tensions remain high and the conflict looked set to expand further after Tehran-backed Houthi militants in Yemen, after sitting most of this war out, threatened to blockade Saudi Arabia in the Red Sea.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againEsmail Baghaei, the Islamic Republic’s foreign ministry spokesman, said “ideas from some mediators have been conveyed” to Tehran, without giving further details. Tehran said its interior minister, Eskandar Momeni, is traveling to Pakistan on Monday. Qatar and Pakistan, the main intermediaries in the conflict, see a return to US-Iran positions of pre-July 9 as a first step, according to the semi-official Iranian Students’ News Agency. Fighting over control of the Strait of Hormuz began that day, effectively unraveling an interim peace deal signed last month. There’s as yet no indication of a return to formal talks. One proposal is for a 10-day ceasefire to find ways to revive that memorandum of understanding, Reuters reported, citing an unidentified senior Iranian official. Oil swung between gains and losses on Monday on the prospects for further escalation and detente in the conflict. Global benchmark Brent was trading about 1% higher at $88.93 a barrel as of 2:16 p.m. in New York.Yahya Saree, a spokesman for the Houthis in Yemen, said on Monday that they would impose a maritime blockade on Saudi Arabia in retaliation for what they say is the kingdom’s siege on the Yemeni capital, Sana’a.That announcement adds to a slew of risks facing global oil supplies, as it puts at risk the flow of millions of barrels that the kingdom exports via the Red Sea.GLOBAL REACT: Houthis’ Red Sea Blockade Risks Oil Above $100US gasoline prices have climbed back over the $4-a-gallon mark, potentially hurting Trump and his Republican party ahead of midterm elections in November.The US earlier conducted a ninth straight day of airstrikes on Iran. Tehran is refusing to relent on attacking shipping in the Strait of Hormuz, insisting it has a right to manage traffic through the critical waterway. Iran also continued to attack US bases across Kuwait, Jordan, Bahrain and Iraq.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.The tit-for-tat attacks are getting deadlier. The US military announced the death of a service member in northern Iraq on Saturday during a “controlled detonation” of a downed Iranian drone. That was a day after two others were killed in an Iranian attack on Jordan, with another service member still missing.Iran says US strikes have struck bridges, killed more than 50 people and wounded over 500 since the most recent flare-up between the two sides began just under two weeks ago. Trump warned Iran last week he’d escalate airstrikes and widen the scope of targets until it backed down. The latest US attacks were “in honor” of the personnel killed, Trump told reporters.A breakthrough is unlikely to happen until the US and Iran can reach an agreement over shipping in the Hormuz strait, through which one fifth of the world’s oil and liquefied natural gas supplies flowed before the conflict.Shipping volumes have slumped and the number of vessels going through Hormuz is now roughly the same level as during the height of the conflict in March and early April.Abbas Araghchi, Iran’s foreign minister, said his country wouldn’t abandon diplomacy but also won’t be forced back to the negotiating table while under military attack.“Iran’s actions in the Strait of Hormuz and Persian Gulf had global consequences and we became a global player,” he said in an interview published on his Telegram channel, underscoring how Tehran sees control of the strait as a source of leverage over the US and as vital to its security.US Secretary of State Marco Rubio said Iran continues to send signals it wants to negotiate. He also reiterated the American view that the Iranian government is split between those that want a peace agreement and hardliners who want to fight more.Kuwait continues to experience some of the worst attacks from Iran. Over the weekend, Kuwait’s main state energy company said an unspecified site sustained “significant material losses,” causing its evacuation and a number of injuries, while two power and desalination plants have been hit in recent days.Israeli Prime Minister Benjamin Netanyahu is due to convene defense chiefs on Monday evening, a member of his security cabinet, Eli Cohen, said in a radio interview about the Iran tensions.“If Iran makes the mistake of attacking the State of Israel, we’ll respond with a might surpassing that of the last campaign,” Cohen told Army Radio on Monday.The US is sending more warplanes to the Middle East, the New York Times reported, citing anonymous US officials. The planes include F-35 and F-16 fighter jets, as well as aerial-refueling aircraft.“The Americans keep bringing new military equipment into the region while claiming they want to stop the war,” Iran’s Parliament Speaker Mohammad Bagher Ghalibaf, who has participated in talks with the US, posted on X. “We have become experts at recognizing these American tactics and have prepared accordingly.”—With assistance from Patrick Sykes, Rakteem Katakey, Devika Krishna Kumar and John Bowker.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.
Trump Vows Iran Will Pay for Deaths as Mediators Push Truce
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