Iran on Monday described U.S. proposals to end a month-long war in the Middle East as “unrealistic, illogical and excessive” and launched further missile strikes on Israel as oil prices continued to climb following Yemen’s Houthi entry into the conflict.
Israel’s military said two drones from Yemen were intercepted on Monday, two days after the Iran-aligned Houthis fired missiles at Israel for the first time since the start of the U.S.–Israeli war with Iran.
It also said missile strikes targeted military infrastructure in Tehran, as well as Iran-backed Hezbollah sites in Beirut.
U.S. President Donald Trump issued another warning to Iran on Monday to reopen the Strait of Hormuz - a waterway through which around a fifth of global oil and liquefied natural gas supplies pass - or risk U.S. attacks on its energy infrastructure.
Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Tehran had received messages via intermediaries indicating Washington’s willingness to negotiate.
This followed a meeting of the foreign ministers of Pakistan, Egypt, Saudi Arabia and Türkiye in Islamabad on Sunday (29 March) to discuss mediation efforts.
However, Baghaei dismissed the U.S. proposals, telling a press conference on Monday: “Our position is clear. We are under military aggression. Therefore, all our efforts and strength are focused on defending ourselves.”
A Pakistani security official said direct U.S.–Iran talks were unlikely this week, although efforts to facilitate dialogue were ongoing.
Baghaei also confirmed that Iran’s parliament is reviewing a possible withdrawal from the Nuclear Non-Proliferation Treaty (NPT). Tehran denies seeking nuclear weapons, despite Washington citing that concern as a reason for its 28 February attack.
While U.S. President Donald Trump said talks had taken place “directly and indirectly”, he also warned Iran to reopen the Strait of Hormuz or face strikes on key infrastructure, including energy facilities and Kharg Island.
Separately, Parliament Speaker Mohammad-Bagher Ghalibaf dismissed U.S. proposals as a “wish list”, accusing Washington of trying to secure through diplomacy what it failed to achieve militarily.
Meanwhile, lawmakers have introduced two urgent draft bills: one proposing withdrawal from the NPT in response to security threats, and another focusing on shipping regulations in the Strait of Hormuz, including new fees and restrictions on adversaries’ tankers.
The month-long war has spread across the region, killing thousands, causing unprecedented disruption to energy supplies and weighing on the global economy.
Brent crude futures rose by $2.42, or 2.2%, to nearly $115 a barrel by 11:16 GMT on Monday, and were on course for a record monthly rise.
The Houthis’ attacks on Israel have raised the prospect that they could target and block a second key shipping route, the Bab el-Mandeb Strait.
The oil market has all but discounted the prospect of a negotiated end to the war and “is bracing for a sharp escalation in military hostilities”, said Vandana Hari of oil market provider Vanda Insights.
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Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Türkiye has established four sub-commissions to oversee the implementation of a new legal framework tied to the disarmament of the outlawed Kurdistan Workers’ Party (PKK).
Central Asia is moving beyond experiments with digital assets as governments begin putting new forms of digital money into practice.
Parents in Gaza are being urged to stop their children flying kites after Israel threatened tougher military action over those drifting across the border.
Armenia is “free” to leave the Collective Security Treaty Organisation (CSTO), Kremlin Spokesperson Dmitry Peskov has said. He made the remarks after Armenian Prime Minister Nikol Pashinyan said he would be “very pleased” if the Russian-led military alliance expelled Armenia.
Armenia’s Anti-Corruption Committee has disclosed details of a criminal case involving former President Robert Kocharyan, saying he and five other people - including his son - have been detained as part of a corruption investigation.
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