US fires on Iranian oil tanker as Trump pressures Tehran for deal to end war

Trump posted on social media that the two-month war could soon end and that oil and natural gas shipments disrupted by the conflict could restart. But he said that depends on Iran accepting a reported agreement that the president did not detail.

“If they don’t agree, the bombing starts,” Trump wrote.

Israel hits Beirut for first time since last month’s ceasefire

Meanwhile, Israel struck Beirut’s southern suburbs for the first time since a ceasefire between Israel and the Iranian-backed Hezbollah militant group was announced April 17. Fighting has continued since then in southern Lebanon.

The last strikes in Beirut were on April 8, when a series of massive Israeli attacks killed more than 350 people. More than 2,500 have died in Lebanon since fighting began March 2, two days after Israel and the U.S. launched the war on Iran.

Israeli Prime Minister Benjamin Netanyahu’s office said Wednesday’s strike, which came without warning, targeted a commander in Hezbollah’s Radwan Force. Hezbollah did not immediately comment.

Trump suggests U.S. might force a deal with Tehran

Trump insisted Wednesday that Iranian officials want to end the war.

“We’re dealing with people that want to make a deal very much, and we’ll see whether or not they can make a deal that’s satisfactory to us,” the president said.

He suggested, both at the White House and on social media, that the U.S. could ultimately force a settlement.

“If they don’t agree, the bombing starts,” Trump said on social media, “and it will be, sadly, at a much higher level and intensity than it was before.”

The White House believes it is near an agreement with Iran on a one-page memorandum to end the war, according to reporting by Axios. There is no deal yet, but provisions include a moratorium on Iranian uranium enrichment, lifting of U.S. sanctions, distribution of frozen Iranian funds and opening the strait for ships.

The White House did not immediately respond to questions about the possible agreement.

A spokesman for the Iranian Foreign Ministry, Esmaeil Baghaei, told state TV that Tehran had “strongly rejected” U.S. proposals reported by Axios, but that it was still examining the latest proposed agreement.

A shaky ceasefire between the U.S. and Tehran has largely held since it began April 8. Pakistan hosted in-person talks last month between the two countries, but they failed to reach an agreement.

Trump suspended short-lived effort to force open safe passage

China’s foreign minister called for a comprehensive ceasefire Wednesday after meeting in Beijing with Iran’s top envoy. Wang Yi said his country was “deeply distressed” by the conflict, which began Feb. 28 when the U.S. and Israel launched strikes against Iran.

Shipper says strait shutdown costing $60M per week

Hundreds of merchant ships remain bottled up in the Persian Gulf, unable to reach the open sea without passing through the Strait of Hormuz.

A cargo container ship operated by the CMA CGM Group was damaged, and multiple crew members were wounded when it came under attack while transiting the strait Tuesday, the French shipping company said. It said the injured crew members were taken off the ship and received medical treatment.

Oil prices and shipping will not likely return to normal until the risk of attacks in the strait has receded, said Kaho Yu, head of energy and resources at risk intelligence company Verisk Maplecroft.

“Refiners, shippers and commodity traders will remain cautious until there is clearer evidence that Hormuz disruptions will not re-escalate,” he said.

Among them is Hapag-Lloyd, one of the world’s largest shipping companies. It said in a statement that the strait’s shutdown is costing it around $60 million per week, with rising fuel and insurance costs hitting particularly hard. The company said alternate routes to other harbors or over land are limited.