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The temporary cease‑fire in the US‑Israel‑Iran war has given Iran and China a strategic opening to challenge the US dollar’s supremacy in global finance. Both nations share a common objective: to reduce reliance on the greenback, especially in the oil sector where, according to a 2023 JP Morgan estimate, roughly 80% of transactions are settled in dollars. In a practical step toward this goal, Iran’s de‑facto toll‑booth system in the Strait of Hormuz—a chokepoint that handles about one‑fifth of the world’s oil and LNG shipments—has started accepting transit fees in Chinese yuan. Lloyd’s List reported that at least two vessels had already paid in yuan by March 25, and China’s Ministry of Commerce later acknowledged the reports on social media. Iran’s embassy in Zimbabwe even called for the introduction of a “petroyuan” to the global oil market, underscoring the political symbolism of the move. While Tehran pledged to guarantee safe passage for two weeks under a US‑brokered cease‑fire, Beijing declined to comment. Harvard economist Kenneth Rogoff told Al Jazeera that Iran’s actions serve a dual purpose: they “poke a thumb in the United States’s eye” and provide a practical alternative to dollar‑based sanctions. Rogoff added that Iran’s shift to yuan aligns with China’s broader effort to redenominate trade among BRICS nations. For both countries, the yuan offers a way to sidestep US sanctions and lower transaction costs. Their trade relationship, cemented by a 25‑year strategic partnership signed in 2021, sees China buying over 80% of Iran’s oil—often at discounted rates—while Iran imports Chinese machinery, electronics, chemicals, and industrial components. Data from Kpler and TankerTrackers indicate that, despite the conflict, Iran’s oil exports to China have remained near pre‑war levels, ranging between 12 million and 13.7 million barrels in the first two weeks of hostilities. China’s ambition to elevate the yuan is long‑standing. President Xi Jinping, in a 2024 address, expressed hope that the yuan would become a global reserve currency. Yet significant hurdles remain: the yuan is not freely convertible due to strict capital controls, and the Chinese financial system is perceived as opaque, limiting broader adoption. According to the IMF, the dollar still dominated global foreign‑exchange reserves at 57% last year, far ahead of the euro’s 20% and the yuan’s modest 2%. Cross‑border trade settled in yuan rose to 3.7% in 2024, up from under 1% in 2012, per S&P; Global—an encouraging but limited shift. Natixis chief economist Alicia Garcia‑Herrero cautioned that the Strait of Hormuz experiment adds only “incremental pressure” and that a true “de‑dollarisation” would require Gulf states, which have priced oil in dollars since the 1970s in exchange for US security guarantees. European analyst Hosuk Lee‑Makiyama highlighted that China’s ability to supply Iran with essential goods makes the yuan a viable alternative, a dynamic not possible for Europe or Japan. He described China as the closest the world has seen to a “manufacturing one‑stop shop.” Consultancy founder Dan Steinbock echoed that while the dollar’s supremacy is unlikely to crumble overnight, the gradual increase in yuan usage could “chip away” at US dominance in specific sectors over time. Rogoff concluded that the long‑term impact hinges on the war’s outcome. If Iran and China emerge stronger, many countries may diversify away from the dollar to avoid US‑imposed financial constraints. Conversely, a decisive US victory could reinforce dollar hegemony for the foreseeable future.

The United States has agreed to a ceasefire, which could facilitate discussions on Iran's proposed 10-point plan. This development may mark a significant shift in US-Iran relations, potentially easing tensions in the region. The ceasefire agreement allows for diplomatic efforts to move forward, focusing on Iran's 'workable' 10-point plan. While details of the plan remain scarce, its consideration signals a willingness from both parties to engage in dialogue. This move comes as diplomatic efforts in the Middle East continue to seek solutions to longstanding conflicts. The ceasefire and potential negotiations underscore a critical period in US-Iran relations, with implications for regional stability.

The United States and Iran have agreed to a two-week ceasefire, with talks to finalize a peace deal set to begin in Pakistan's Islamabad on Friday. The truce, announced by US President Donald Trump, will see Iran reopen the Strait of Hormuz, a vital maritime corridor through which a fifth of the world's oil supply passes.Countries around the world have welcomed the development, with many urging a lasting peace in the region. Israel's Prime Minister Benjamin Netanyahu supported Trump's decision, while also noting that the ceasefire does not include Lebanon, where Israeli forces have launched a ground invasion and are fighting with the Iran-aligned Hezbollah.Iraq's Ministry of Foreign Affairs welcomed the news of the ceasefire but stressed the need for full commitment to the deal to achieve a lasting resolution. Egypt's Ministry of Foreign Affairs said the ceasefire represents a very important opportunity for negotiations, diplomacy, and constructive dialogue.The United Nations Secretary-General Antonio Guterres welcomed the announcement and called on all parties to abide by the terms of the ceasefire. Japan's Chief Cabinet Secretary Minoru Kihara said Tokyo welcomes the news of a two-week ceasefire between the US and Iran as a positive move.Indonesia's Foreign Ministry called on Iran and the US to respect the sovereignty, territorial integrity, and diplomacy of each side. Malaysia's Ministry of Foreign Affairs said the ceasefire marks a significant development and serves as a crucial step towards de-escalating tensions and restoring peace and stability to the Middle East.Australia's Prime Minister Anthony Albanese and Minister for Foreign Affairs Penny Wong issued a joint statement welcoming the news and expressing their hopes that the deal will lead to a long-lasting resolution. New Zealand's Minister of Foreign Affairs Winston Peters said his government welcomes the news of a ceasefire, although many concerns remain.

Washington, D.C. – President Donald Trump declared a two‑week ceasefire with Iran on Tuesday, just hours after threatening a massive attack on the country. The pause will allow Iran to reopen the strategic Strait of Hormuz while both sides negotiate a longer‑term settlement. Republican Senator Lindsey Graham, a noted Iran hawk, welcomed the diplomatic move but stressed extreme caution. He praised the “hard work” of negotiators but warned that any agreement must be scrutinized, noting that Iran’s 10‑point plan reportedly offers sanctions relief and permits Tehran to retain control of the strait. Graham also warned that Iran must not be rewarded for its earlier attacks on the strait, writing on X: “We must remember that the Strait of Hormuz was attacked by Iran after the start of the war, destroying freedom of navigation. Going forward, it is imperative Iran is not rewarded for this hostile act against the world.” Democratic senators, while relieved that U.S. forces would be out of immediate danger, seized the moment to demand accountability. Senator Ruben Gallego said, “Stopping war is good… we can criticize why we got into this war, the illegality of it and hold the Trump admin accountable. But right now I am relieved.” Other Democrats, including Senator Ed Markey and Congresswoman Alexandria Ocasio‑Cortez, warned that the ceasefire does not erase the fact that the conflict was launched without congressional authorization and that targeting civilian infrastructure may constitute war crimes. Ocasio‑Cortez wrote, “The President has threatened a genocide against the Iranian people… launched a massive war… without reason, rationale, nor Congressional authorization – which is as clear a violation of the Constitution as any.” Critics on the right, such as far‑right activist Laura Loomer and commentator Mark Levin, dismissed the truce as a temporary pause, predicting the war will resume. Loomer warned, “The negotiation is a negative for our country… I don’t know why people are acting like this is a win.” Levin added, “This enemy is still the enemy; they’re still surviving.” The conflict, which began on February 28 without a congressional war declaration, has already seen high‑profile strikes, including an attack that the article claims killed Iranian Supreme Leader Ayatollah Ali Khamenei and a devastating strike on a girls’ school in Minab that killed over 170 civilians, mostly children. Economically, the closure of the Strait of Hormuz earlier in the war sent oil and gas prices soaring, underscoring the strategic importance of the waterway. Senator Chris Murphy (D) warned that allowing Iran to control the strait would be a “history‑changing win” for Tehran. Across the aisle, lawmakers agree that the ceasefire is not a clean slate. Advocacy director Raed Jarrar of DAWN urged an immediate congressional investigation into the war’s origins, funding, and accountability for civilian casualties. As the two‑week pause unfolds, U.S. officials and legislators will closely monitor negotiations, with the broader debate over war powers, constitutional authority, and potential impeachment of President Trump remaining front and center in Washington.

Across Iraq, public gatherings and street celebrations have erupted as the United States and Iran announce a two‑week ceasefire, initiating the first formal halt in their recent conflict. The pause, set to begin immediately, has been welcomed by Iraqis who view it as a hopeful step toward regional stability. While details of the agreement remain limited, the visible optimism among the Iraqi population underscores the broader desire for de‑escalation in the Middle East.

President Donald Trump warned on Tuesday that a U.S. attack on Iran could cause "a whole civilization to die tonight," a statement that sparked immediate backlash from climate icon Greta Thunberg. The Swedish activist, known for her outspoken stance on climate change and the Gaza crisis, described the president’s remarks as a normalization of genocide and urged the public to reject such rhetoric. In an Instagram video posted shortly before a cease‑fire was announced, Thunberg lamented the "muted" reaction to the threat, asking, "What the f*** is anyone even doing at this point?" She emphasized that the world has become accustomed to "total annihilation of entire peoples" and the "systematic destruction of the biosphere," urging viewers to demand an end to these narratives. Poll data reveal a stark generational split on the war. A Pew Research Center survey released Tuesday showed that while 67 % of Republicans aged 65+ believe the conflict will curb Iran’s nuclear ambitions, only 25 % of Republicans aged 18‑29 share that view. When asked about the war’s impact on Iranians, just 7 % of older Republican voters said they would be worse off, compared with nearly 28 % of younger voters. Among Democrats, the age gap is less pronounced but still significant: 60 % of young Democratic respondents (18‑29) think the war will harm Iranians, versus 48 % of those over 65. Similar patterns emerge in other surveys. Emerson College found that 75 % of respondents under 50 fear a new world war within four years, compared with 54 % of those over 50. A Politico poll of self‑identified “MAGA Republicans” showed that only 49 % of those under 35 believe Trump has a concrete plan for the Iran conflict, versus 70 % of older supporters. These findings echo a broader historical trend: younger Americans, many of whom grew up in the shadow of the Iraq and Afghanistan wars, display a more isolationist outlook. A December 2025 Pew poll indicated that only 39 % of 18‑29‑year‑olds consider active U.S. involvement in global affairs important, compared with 73 % of seniors. The generational divide also extends to attitudes toward Israel. The same Tuesday poll reported that 84 % of young Democrats and 57 % of young Republicans hold an unfavorable view of Israel, whereas older respondents are considerably less critical. Thunberg’s criticism of Trump aligns with her longstanding activism on Middle‑East issues. Last year she joined a humanitarian flotilla bound for Gaza, only to be detained and deported by Israeli forces. Her latest condemnation underscores a growing sentiment among Gen Z that calls for accountability and an end to war‑like rhetoric. In summary, the controversy surrounding Trump’s Iran threat has amplified existing generational tensions in the United States, with younger citizens increasingly questioning the efficacy and morality of U.S. military interventions while demanding a shift away from language that normalizes mass violence.

Israel's prime minister, Benjamin Netanyahu, announced that Jerusalem backs the United States' decision to suspend aerial attacks on Iran for a two‑week period, while emphasizing that the truce excludes Lebanon. The statement, posted on X on Wednesday, aligns Israel with President Donald Trump's objective of neutralising Iran's nuclear, missile and terror capabilities across the region. Netanyahu noted that Washington has communicated its commitment to these goals ahead of the forthcoming negotiations scheduled for Friday in Islamabad, Pakistan. He reiterated that the ceasefire's scope is limited, explicitly stating that "the two‑week ceasefire does not include Lebanon." The Israeli clarification arrives after Pakistani Prime Minister Shehbaz Sharif declared that the United States, Iran and their allies had reached an "immediate ceasefire everywhere, including Lebanon and elsewhere," a move he said would take effect instantly. This contrasting messaging highlights a potential rift among allies regarding the breadth of the pause in hostilities. While the United States appears to pursue a broader de‑escalation, Israel's exclusion of Lebanon signals lingering concerns over Hezbollah's involvement and the security of its northern border. Analysts warn that the disagreement could complicate diplomatic efforts in Islamabad, where regional actors will seek to solidify a framework that addresses Iran's nuclear ambitions without igniting further conflict in Lebanon. Further updates will follow as the situation develops.

Iran has agreed to open the Strait of Hormuz for a two-week US ceasefire, a development that could potentially ease tensions in the region. The agreement comes as a significant breakthrough in diplomatic efforts to reduce hostilities.The Strait of Hormuz is a critical waterway for global oil shipments, and any disruption to its operations can have far-reaching impacts on the world economy. By agreeing to keep the strait open, Iran is taking a crucial step towards de-escalation.This move is seen as a positive step towards peace and stability in the region, and it will be closely watched by international observers in the coming weeks.

Iran and the United States have agreed to a two-week ceasefire, with talks set to begin in Islamabad, Pakistan, on Friday. The ceasefire comes after US President Donald Trump said he was calling off a threat to bomb Iran's power plants and bridges and suspending attacks on the country for two weeks.The truce is contingent on Iran agreeing to the 'complete, immediate and safe opening' of the Strait of Hormuz, a critical waterway through which a fifth of global oil supply passes. Iran's partial blockade of the strait has disrupted global trade, driving up oil prices and causing fuel shortages worldwide.Iran's National Security Council has confirmed that Tehran has agreed to talks based on a 10-point proposal from Iran. The proposal calls for Iranian dominance and oversight of the Strait of Hormuz, the withdrawal of all 'US combat forces' from bases in the Middle East, and a halt to military operations against allied armed groups across the region.The proposal also demands 'full compensation' for war damages, the lifting of all sanctions by the US, the United Nations Security Council, and the International Atomic Energy Agency, and the release of frozen Iranian assets abroad.Pakistan's Prime Minister Shehbaz Sharif said the warring sides had agreed to an 'immediate ceasefire everywhere', including Lebanon and elsewhere. He extended an invitation to US and Iranian delegations to Islamabad on Friday to further negotiate a conclusive agreement.