Iran’s Supreme National Security Council head, Mohsen Rezaee, declared that negotiations with the U.S. to end the ongoing conflict would not occur until Iran’s conditions are met, dismissing President Trump’s openness to talks. Rezaee emphasized Iran’s control over strategic shipping lanes and insisted on adherence to a previously signed memorandum of understanding, which Iran claims the U.S. violated. Meanwhile, President Trump suggested Iran was eager to negotiate, though the U.S. would decide on engagement. The Defense Department reported the Iran war cost $33.4 billion in its first four months, highlighting concerns over depleted U.S. munitions. Additionally, Egypt’s President is set to meet Saudi Crown Prince Mohammed bin Salman amid tensions involving Iranian-backed Houthi rebels in Yemen.
QUESTION: How might the ongoing conflict between the U.S. and Iran impact global trade and international relations?
Iran war has cost well over $33.4 billion, Pentagon report says
