Summer demand risks deepening energy crisis driven by Iran war - FT

Mohsen Rezaei, a former Revolutionary Guards chief and military adviser to Iran’s supreme leader, said on state television that the United States today resembles Britain after World War II and the start of its decline.

He added that Iran remains serious about diplomacy but “even more serious on the battlefield and in defending Iran.”

Rezaei urged Washington to take practical steps to build trust.

“We have negotiated with America many times and even reached agreements, and they broke their promises in every case,” he said.

German Finance Minister Lars Klingbeil said on Monday that the Group of Seven is the appropriate forum to discuss ways to bring a lasting end to the war involving Iran, warning of growing risks to the global economy.

The conflict, together with the blockade of the Strait of Hormuz, poses “a serious threat to the global economy,” Klingbeil said ahead of a meeting of G7 finance ministers and central bankers in Paris on Monday and Tuesday.

“Our path as Europeans remains clear: We rely on cooperation rather than confrontation,” he said. “We rely on partnerships, reliability, open trade, and the strength of the rule of law.”

Esmail Kowsari, a member of Iran’s parliament national security and foreign policy committee, warned the United Arab Emirates against continued cooperation with the United States and Israel against Tehran.

“If the UAE continues cooperating with the US and Israel against us, we will confront them more forcefully,” Kowsari said.

The former Revolutionary Guards commander also dismissed the UAE as lacking independent power, saying it had only been able to pursue actions against the Islamic Republic with support from the United States and Israel.

President Donald Trump met with senior members of his national security team on Saturday to discuss the path forward in the Iran war, CNN reported, citing a source familiar with the meeting.

The gathering at Trump’s Virginia golf club included Vice President JD Vance, Secretary of State Marco Rubio, CIA Director John Ratcliffe and special envoy Steve Witkoff, according to the report.

The meeting took place hours after Trump returned from a high-stakes visit to China, which maintains close ties with Iran.

CNN reported that Trump has grown increasingly impatient with Tehran’s handling of diplomatic negotiations and remains frustrated by the continued closure of the Strait of Hormuz and its effect on global oil prices.

Iran’s Foreign Minister Abbas Araghchi blamed the United States and Israel for instability in the region during a phone call with his South Korean counterpart discussing the Persian Gulf and Strait of Hormuz.

“Insecurity imposed on the region and its global consequences are the result of the aggressive actions of the United States and the Zionist regime against Iran,” Araghchi said, according to Tehran, adding that they “must be held accountable by the international community.”

South Korean Foreign Minister Cho Hyun emphasized the need to ensure maritime security and safety “in the region and the world” and expressed hope that diplomatic efforts would produce results “as soon as possible.”