{"id":126842,"date":"2026-05-07T12:29:29","date_gmt":"2026-05-07T08:29:29","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=126842"},"modified":"2026-05-07T12:29:34","modified_gmt":"2026-05-07T08:29:34","slug":"iran-deal-d-day-tehran-set-to-deliver-verdict-as-saudi-backlash-forced-trump-to-abandon-hormuz-push","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/iran-deal-d-day-tehran-set-to-deliver-verdict-as-saudi-backlash-forced-trump-to-abandon-hormuz-push\/05\/07\/market-updates\/","title":{"rendered":"Iran Deal D-Day: Tehran Set to Deliver Verdict as Saudi Backlash Forced Trump to Abandon Hormuz Push"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Thursday deadline:<\/strong> Iran is expected to deliver its response to the U.S. peace proposal to mediators by Thursday, per CNN citing a regional source.<\/li>\n\n\n\n<li><strong>One-page deal:<\/strong> Reports indicate Washington and Tehran are closing in on a memorandum to end the war and frame nuclear talks.<\/li>\n\n\n\n<li><strong>Pakistan progress:<\/strong> Both U.S. and Iranian officials acknowledged progress in Pakistan-brokered negotiations earlier this week.<\/li>\n\n\n\n<li><strong>Trump&#8217;s optimism:<\/strong> The president flagged &#8220;very good talks&#8221; with Iran in recent days.<\/li>\n\n\n\n<li><strong>Saudi bombshell:<\/strong> NBC News reports Trump&#8217;s abrupt pause of &#8220;Project Freedom&#8221; came after furious backlash from Saudi Arabia, not just Iranian retaliation.<\/li>\n\n\n\n<li><strong>Allies blindsided:<\/strong> Trump&#8217;s Sunday announcement caught Gulf allies off guard, angering Saudi leadership.<\/li>\n\n\n\n<li><strong>Riyadh denies access:<\/strong> The Kingdom refused U.S. military aircraft access to its airbase southeast of Riyadh and blocked airspace transit.<\/li>\n\n\n\n<li><strong>MBS call fails:<\/strong> A direct call between Trump and Saudi Crown Prince Mohammed bin Salman failed to resolve the impasse.<\/li>\n\n\n\n<li><strong>Kuwait joins refusal:<\/strong> Kuwait also denied the U.S. use of its bases and airspace for the operation.<\/li>\n\n\n\n<li><strong>Blockade remains:<\/strong> Despite the Hormuz pause, the U.S. naval blockade against Iran stays firmly in place.<\/li>\n\n\n\n<li><strong>Strategic stakes:<\/strong> Hormuz handles roughly 20% of global crude, with Asia bearing the brunt of its closure.<\/li>\n<\/ul>\n\n\n\n<p>Iran is expected to deliver mediators its response to a U.S. proposal to end the war by Thursday, CNN reported, citing a regional source.<\/p>\n\n\n\n<p>The report comes after Axios earlier reported that the United States and Iran were closing in on a one-page memorandum to end the war and set a framework for more detailed nuclear talks.<\/p>\n\n\n\n<p>Both U.S. and Iranian officials had flagged some progress in Pakistan-brokered negotiations earlier this week, particularly after the United States paused an operation to restore commercial traffic through the Strait of Hormuz.<\/p>\n\n\n\n<p>U.S. President Donald Trump also flagged &#8220;very good talks&#8221; with Iran earlier this week.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Trump Paused Hormuz Operation After Saudi Backlash \u2014 NBC<\/h2>\n\n\n\n<p>Trump&#8217;s abrupt pause on his plan to escort ships through the Strait of Hormuz came after backlash from Saudi Arabia, NBC News reported on Wednesday, citing two U.S. officials.<\/p>\n\n\n\n<p>Trump&#8217;s announcement of &#8220;Project Freedom&#8221; on Sunday afternoon caught the United States&#8217; Gulf allies off guard and angered leadership in Saudi Arabia, the report said.<\/p>\n\n\n\n<p>In response, the Kingdom informed Washington that it would not allow the U.S. military to fly aircraft from an airbase southeast of Riyadh, or to fly through Saudi airspace to support the effort.<\/p>\n\n\n\n<p>A call between Trump and Saudi Crown Prince Mohammed bin Salman did not resolve the issue, forcing the president to pause the operation, the NBC report said.<\/p>\n\n\n\n<p>Other reports indicated that Kuwait had also denied the United States the use of its bases and airspace for the operation.<\/p>\n\n\n\n<p>Trump had abruptly paused Project Freedom earlier this week after Iran responded with military force to the operation. The U.S. president said that a peace deal with Iran was close, and that the naval blockade against the country remained in place.<\/p>\n\n\n\n<p>The Strait of Hormuz has emerged as a focal point in the war, with Iran having effectively shut the channel since late February. Hormuz supplies roughly 20% of the world&#8217;s crude, with its closure presenting major economic headwinds to Asia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Thursday deadline: Iran is expected to deliver its response to the U.S. peace proposal to mediators by Thursday, per CNN citing a regional source. One-page deal: Reports indicate Washington and Tehran are closing in on a memorandum to end the war and frame nuclear talks. Pakistan progress: Both U.S. and Iranian officials acknowledged &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32800,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,37,36],"tags":[9757],"class_list":["post-126842","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates","tag-rba-minutes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=126842"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126842\/revisions"}],"predecessor-version":[{"id":126843,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126842\/revisions\/126843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32800"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=126842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=126842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=126842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}