US Iran war news highlight: US launches new strikes on Iranian military site amid talks, says report

US Iran war news LIVE: The US has dismissed Iranian state media reports about a purported interim peace deal draft, calling the released memorandum of understanding “a complete fabrication.”

“This report from Iranian controlled media is not true and the MOU they ‘released’ is a complete fabrication. Nobody should believe what Iranian state media is putting out. FACTS MATTER,” the statement said.

The response comes after Iranian state television reported details of an alleged draft agreement involving US troop withdrawals and the reopening of Strait of Hormuz shipping routes.

US Iran war news LIVE: An unofficial draft of an interim US-Iran peace agreement suggests commercial shipping through the Strait of Hormuz could resume normal operations within a month of the deal being finalised, according to Iranian state television, Bloomberg reported.

The document, reported by IRIB News, excludes military vessels. However, it remains unclear how recent the draft is or whether Washington has accepted the proposed terms. Bloomberg reached out to The White House for comments but received no immediate response.

US Iran war news LIVE: Lebanese state media reported three Israeli strikes south of Beirut on Saturday despite a ceasefire between Israel and the Iran-backed Hezbollah group that has been in place for three weeks. Hezbollah meanwhile said it launched a drone attack on northern Israel in response to continued Israeli strikes. (AFP)

US Iran war news LIVE: At least one person was killed and two others injured in an unspecified accident at Iran’s largest petrochemical complex in Asaluyeh on the Gulf coast, state media reported.

US Iran war news LIVE: As per Mehr news agency, a fire was reported in the administrative building of the Imam Khomeini airport in Tehran. The cause of the fire is yet to be determined. More details are awaited.

US Iran war news LIVE: Alexander Venediktov has urged Iran to work towards a new regional security framework, saying efforts must focus on preventing a fresh outbreak of conflict.

“It is important to prevent the resumption of armed confrontation and pave the way for the creation of a new security architecture in the region,” Venediktov was quoted as saying by Iran’s state broadcaster.

US Iran war news LIVE: Iran’s Revolutionary Guards on Wednesday said the likelihood of renewed war with the United States was low, while stressing that the country remained prepared for any attack. At the same time, Iran’s Intelligence Ministry accused hostile powers of shifting towards economic pressure, cyberattacks, terrorism and psychological warfare after failing to achieve their objectives militarily.

In a statement, the ministry said enemies were escalating a “hidden intelligence-security war” to destabilise the Islamic Republic. “The enemy, defeated in military war, is seeking to produce achievements for itself, even through soft war,” the statement said.

"The possibility of war is low because of the enemy's weakness, the armed forces are lying in wait with full magazines," said Mohammad Akbarzadeh, deputy political chief of the Islamic Revolutionary Guard Corps Navy, was quoted by Tasnim news agency as saying.

"Do not doubt that we will turn the area from Chabahar to Mahshahr into a graveyard for aggressors," he said, naming places at each end of Iran's lengthy southern coast.

(With inputs from Press TV and AFP)

US Iran war news LIVE: Iran’s IRGC Navy said 23 vessels crossed the Strait of Hormuz with its approval over the past 24 hours, according to state broadcaster IRIB, Al Jazeera reported.

A day earlier, the Revolutionary Guard had said 25 ships transited the strategic waterway in coordination with its navy. The disruption in Hormuz traffic has rattled global markets, with nearly 20% of global energy supplies affected and key fertiliser shipments delayed.

US Iran war news LIVE: Israeli military has ordered evacuation of Lebanon’s southern city of Tyre and nearby camps ahead of expected strikes, Reuters is reporting

US Iran war news LIVE: Lebanon’s National News Agency reported multiple Israeli air strikes in the Bekaa Valley near the historic city of Baalbek, according to Al Jazeera.

The attacks reportedly targeted Halbata in northern Bekaa, Buday and Flawi west of Baalbek, while two additional strikes hit Hermel near the Lebanon-Syria border.

US Iran war news LIVE: Brent crude has plunged over 5% after Iran state TV says potential US deal could reopen Hormuz shipping routes. (Reuters)

US Iran war news LIVE: Iran state TV says a draft memorandum of understanding proposes the withdrawal of US military forces from areas near Iran and the lifting of the naval blockade, Reuters reported.

US Iran war news LIVE: Israel’s military says it struck more than 150 “Hezbollah sites” over the past day, with attacks targeting the southern Lebanese regions of Tyre and Nabatieh as well as the Bekaa Valley in eastern Lebanon, according to Al Jazeera

US Iran war news LIVE: Pakistan has said its army chief, seen as a key intermediary between Washington and Tehran, is travelling to the Iranian capital amid signs of progress in efforts to end the conflict.

Field Marshal Asim Munir is on an official visit to Tehran for talks focused on US-Iran negotiations and regional peace, a Pakistani security official familiar with the matter told reporters on condition of anonymity, saying the details are not yet public. (Bloomberg)

US Iran war news LIVE: Amid the ongoing peace talks, Iran’s IRGC Navy says vessels linked to “hostile countries” are still barred from passing through the Strait of Hormuz, Reuters cited ISNA report.

US Iran war news LIVE: Iran’s intelligence ministry has accused the US and Israel of shifting to economic and psychological warfare after failing to weaken the country militarily, according to a statement carried by Press TV.

The ministry said the two countries are attempting to destabilise Iran through economic pressure, cyberattacks, terrorism and propaganda efforts, describing it as a “hidden intelligence-security war” aimed at compensating for their battlefield setbacks. “The enemy, defeated in military war, is seeking to produce achievements for itself, even through soft war,” the statement said.

It further alleged that hostile powers are trying to exploit inflation, shortages and economic difficulties to trigger social unrest through “enemy agents” and foreign Persian-language media outlets. The ministry also warned of attempts to fuel ethnic and religious divisions to undermine national unity among Iran’s ethnic communities and officially recognised religions.

US Iran war news LIVE: Tabriz International Airport, damaged during the recent war, to reopen on Wednesday: Iran state media, reports Al Jazeera. “Tabriz Airport, which was attacked during the recent war, has now been restored to activity by Iranian specialists and will reopen on Wednesday,” Iran’s public broadcaster IRIB cited a spokesperson as saying

US Iran war news LIVE: US President Donald Trump will meet with his Cabinet on Wednesday at a precarious moment for talks aimed at ending the war with Iran, just days after insisting that his administration and Tehran had “largely negotiated” a settlement, but with the negotiations still in a state of flux.

As he prepares to huddle with his top aides, Trump is projecting confidence that he's closing in on a deal that will reopen the Strait of Hormuz and provide him a credible argument that Iran’s nuclear capability has been diminished enough to declare victory.

US-Iran war news LIVE: Iranian President Masoud Pezeshkian met members of the Tehran Chamber of Commerce and called for strengthening Iran’s economy, particularly the private sector, as the war continues, Al Jazeera reported.

“The main battleground today is the economic war,” Iran’s semi-official Tasnim news agency quoted Pezeshkian as saying.

“We believe the more capable, agile, and active the private sector is, the stronger the country’s economic foundation will become, and the greater our national power will be in the face of external pressures and threats,” he said.

US-Iran war news LIVE: Iran’s intelligence ministry said on Wednesday that the United States and Israel were still seeking to topple the Islamic republic and fragment the country, despite failing to do so through military action during the recent conflict.

"The enemy is now pursuing through other means the objective of overthrowing and partitioning the country, which it openly declared at the beginning of the recent war but failed to achieve through military attack," the ministry said in a statement carried by Iranian media.

US and Iran news LIVE: President Donald Trump will convene his cabinet at the White House Wednesday, moving from the originally planned location at the presidential retreat Camp David due to weather. This comes as key sticking points remain in the talks with Iran, including Tehran’s $24 billion in frozen assets and its reluctance to allow free passage through the strait.

US and Iran news LIVE: South Korea said on Wednesday it would summon Iran’s ambassador after an investigation found that a strike on a South Korean cargo ship in the Strait of Hormuz was “highly likely” caused by an Iranian-made missile. The Panama-flagged vessel was hit on May 4 amid tensions in the region following the US-Israel war against Iran. While US President Donald Trump accused Tehran of attacking the ship, Iran denied involvement. South Korea said technical analysis indicated the projectile resembled an alternative version of Iran’s Noor missile series. “Our government plans to summon the Iranian ambassador to explain the investigation results...” first vice foreign minister Park Yoon-joo said.

US and Iran news LIVE: Hezbollah said its fighters engaged in close-range clashes with Israeli forces in the town of Zawtar al-Sharqiyah, north of the Litani river, on Wednesday, according to AFP. The fighting came a day after Israel announced an expansion of its ground operations in Lebanon.

Israel on Tuesday intensified strikes across southern and eastern Lebanon despite an existing ceasefire, with Lebanese authorities reporting at least 31 deaths. AFP reported that Hezbollah said its fighters used light and medium weapons during the confrontation near an Israeli-declared “yellow line” where Israeli troops have been operating in south Lebanon.

West Asia war LIVE: The sharp rise in global commodity and energy prices triggered by the West Asia conflict is beginning to spread beyond crude oil and could soon make everyday consumer goods more expensive in India, according to a latest Quickonomics report by Crisil.

The report warned that manufacturers are facing a rapid increase in input costs - ranging from crude oil and gas to copper, aluminium, plastics and chemicals - while the prices they charge consumers have not risen at the same pace yet.

US and Iran news LIVE: Oil prices fell by more than 3% on Wednesday as traders weighed up progress in U.S.-Iran peace talks and renewed hostilities.

Brent crude futures fell $3.11, or 3.12%, to $96.47 a barrel as of 0913 GMT, while U.S. West Texas Intermediate (WTI) crude lost $3.64, or 3.88%, to $90.25 a barrel.

The losses almost erased Brent's gains on Tuesday.

"There has been palpable progress towards ending the crisis, and an increasing number of ships are transiting the critical chokepoint. This is why the downward pressure has resumed," PVM analyst Tamas Varga said of Wednesday's losses. (Reuters)