Two Chinese supertankers carrying around 4 million barrels of Iraqi crude passed through the Strait of Hormuz this month, according to Reuters calculations based on data from LSEG and Kpler.
The vessels were among a small number of very large crude carriers exiting the Persian Gulf despite continuing tensions around the waterway and the US-led effort to enforce a maritime blockade on Iran.
Chinese President Xi Jinping welcomed Russian President Vladimir Putin in an elaborate ceremony at Beijing’s Great Hall of the People on Tuesday, just days after hosting US President Donald Trump in the Chinese capital.
The meeting comes amid heightened global focus on the war involving Iran and growing uncertainty over whether US-Iran diplomacy can prevent renewed military escalation.
Iran and the future of negotiations between Tehran and Washington are expected to feature prominently in discussions between the Chinese and Russian leaders.
Iran’s teachers’ union has warned that reported military training for children and teenagers in mosques and Basij centers could violate international child protection standards.
In a statement citing videos circulating online, the union said some minors appeared to be receiving organized training involving weapons such as Kalashnikov rifles and Winchester firearms.
The group described the reported activities as a form of “militarization of childhood” and warned they could amount to a violation of Iran’s obligations under the UN Convention on the Rights of the Child.
The union called for an independent and transparent investigation by responsible domestic and international bodies.
After an 80-day shutdown, the Tehran Stock Exchange reopened on Tuesday under heavy state controls, with 42 major firms still suspended and reported curbs on large-scale selling amid uncertainty over war damage and corporate losses.
Trading resumed on the Tehran Stock Exchange (TSE) under strict and highly managed conditions, with parts of the market reopening while 42 major, mostly export-oriented companies remained suspended.
The restart marked a procedural return to activity, but within a framework designed to tightly control selling pressure and limit volatility.
Steel and petrochemical companies — traditionally among the most influential drivers of the TEDPIX index — did not reopen.
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Even as Tehran engages in hardheaded diplomatic maneuvering with Washington, it is advancing a parliamentary proposal offering a €50 million reward for President Trump’s killing.
The ruling establishment, they argue, is trying to project strength after weeks of military and political pressure while using the prospect of talks not as a concession but as another arena of confrontation.
“The Iranian regime is trying to, in their own mind, basically say that we are on par,” Dr. Shahram Kholdi, a Middle East historian, told Iran International. “Even if you're not on par with Trump, we are actually beating him at all levels.”
The proposed bounty, he said, should be read partly as psychological warfare against Trump.
“This award to be passed as a piece of legislation by the Islamic Republic Parliament is effectively part of that psychological war that the Islamic Republic thinks it has to unleash upon Trump,” Kholdi said.
But the rhetoric is unfolding alongside more concrete threats. Tehran has also signaled it could disrupt navigation through the Persian Gulf and the Strait of Hormuz, while pro-government voices have floated attacks on satellite infrastructure, including systems such as Starlink.
'Not rational'
That combination of assassination rhetoric, military pressure and possible diplomacy may appear irrational from the outside. Kholdi argues the problem is that Washington is not dealing with a conventional negotiating actor.
“The problem with these people is that they think … if they behave sanely and rationally, that's insane and irrational,” he said. “That’s the kind of actor Trump is dealing with … The art of the deal does not work with an irrational actor.”
Dr. Eric Mandel, founder of the Middle East Political Information Network (MEPIN), framed the issue as a clash of political cultures and timelines. Western governments may look at the damage inflicted on Iran’s military and industrial infrastructure and conclude Tehran should be searching for a way out. The regime may see the same moment very differently.
“This is a perfect opportunity to realize they don't think like us,” Mandel said.
From Tehran’s perspective, he argued, the fact that the regime has survived is itself a form of victory.
“The Iranians think we have survived. We have survived and that means we are victorious,” he said. “We could outlast the Americans and eventually they're going to have to acquiesce to us.”
The time factor
That survival-first mindset helps explain why Tehran may threaten Trump while still leaving room for talks. In Mandel’s view, negotiations, ceasefires and delays all serve a purpose: they buy time.
“The Iranians got a ceasefire. They rebuilt, they rearm, they dug out missiles that were buried because they know that the longer they can either prolong negotiations, the longer they have ceasefires, that they believe that time will eventually make them the winner here,” he said.
This is why the apparent contradiction may not be a contradiction at all. The threats signal defiance. The talks buy time. The survival narrative sustains the regime internally.
Former State Department appointee Shayan Samii said Tehran’s assassination rhetoric may also backfire by strengthening Washington’s case for escalation.
“These numbskulls in Tehran don't understand that by the mere fact of just saying we want to assassinate the President of the United States—mind you, the sitting President of the United States—we're not talking about a national security threat anymore,” Samii said. “We're talking about a government apparatus coming under attack.”
That, he said, could allow the United States to frame any military response not simply as regional intervention, but as self-defense.
“They can tell the world these guys wanted to assassinate our president, we're not going to sit by,” Samii said.
'Military readiness'
Samii also rejected the idea that Trump’s latest delay should be read mainly as a response to pressure from Persian Gulf Arab states. He said the timing was more likely tied to military planning and target selection.
“It has nothing to do with the request of the Arab countries of the Persian Gulf region,” he said. “It has everything to do with machinations and military readiness and coming up with a solution for the targets that they want to hit.”
The danger, analysts say, is that both sides may be using time for very different purposes. Trump may be waiting for better military and economic conditions. Tehran may be trying to stretch the crisis into a war of attrition.
“They think that they are going to run the United States out of the stamina,” Kholdi said.
For Mandel, that gap in thinking is central to the crisis. American politics operates on elections, markets and public pressure. The Islamic Republic, he said, operates with a far longer and harsher sense of time.
“We're dealing with, trying to say from so many different angles, the calculus that they're making is so different than what ours is,” he said.
That difference may be what makes the current moment especially volatile. Tehran appears to believe threats increase leverage. Washington increasingly risks viewing those same threats as proof diplomacy cannot work.
The United Nations cut its global growth forecast to 2.5% for 2026 from an estimated 3% last year, citing higher energy costs and weaker trade linked to the US-Israel war on Iran.
In its latest World Economic Situation and Prospects report, the UN warned that low-income households in developing countries are being hit hardest as rising food and energy prices consume a larger share of spending while wages fail to keep pace.
According to the UN, some of the sharpest economic shocks are being felt in Western Asia, driven not only by higher energy prices but also by infrastructure damage and severe disruptions to oil production, trade and tourism caused by the conflict.
