Trump says 'concept' of Iran deal is 'done' - Axios

The United Kingdom Maritime Trade Operations (UKMTO), in an advisory update, raised the threat level for the Strait of Hormuz and the Gulf of Oman to “critical.”

UKMTO said the Strait of Hormuz faced risks including navigation interference, blockade enforcement, mine reports and residual kinetic threats, with a risk of attack or miscalculation.

It added that the Gulf of Oman remained at critical level, citing previous projectile and drone strikes and a high naval presence.

Ahead of US-Iran talks in Islamabad, Iran has agreed to hand over all of its enriched uranium stockpile, though it is still unclear who would receive the material, Israel Hayom reported, citing three US and regional diplomatic sources.

The report said possible recipients included Russia, the International Atomic Energy Agency (IAEA) or the United States itself.

It added that the United States was demanding to participate in the operation to locate the enriched uranium, but Iran had not yet agreed and was prepared to allow only IAEA personnel to do so.

Iran has rejected taking part in the second round of talks with the United States, the Islamic Republic News Agency (IRNA), Iran’s official state news agency, reported on Sunday.

IRNA's report said “US excessive demands and unreasonable, unrealistic requests, repeated changes in positions, continued contradictory statements” had so far prevented progress in the negotiations.

It added that “the continuation of the so-called naval blockade, which is considered a violation of the ceasefire understanding, along with threatening rhetoric” had also hindered talks.

“Under these conditions, no clear prospect for productive talks is envisaged,” IRNA said.

Israeli Prime Minister Benjamin Netanyahu said the US-Israeli effort against Iran was “not over yet.”

Speaking alongside Argentinian President Javier Milei, Netanyahu said, “Any moment could bring us new developments. Who knows what tomorrow or the day after tomorrow will bring.”

He added that the United States and Israel “shall achieve our objectives and achieve more hope, more light for the free peoples of the world.”

HSBC and Standard Chartered have become embroiled in allegations of a multimillion-pound scheme to launder money for Iran, The Telegraph reported.

The report said the two British multinational banks were accused of “unwittingly” processing payments allegedly linked to a complex sanctions-evasion scheme.

The Telegraph added that the banks were among five lenders — including JPMorgan Chase, Citibank and Bank of New York Mellon — ordered by a US judge to hand over records for inspection.