President Donald Trump has instructed aides to prepare for an extended blockade of Iran, aiming to squeeze the country’s economy and oil exports, US officials said. The move follows discussions in the Situation Room, with Trump viewing the blockade as less risky than renewed military action or disengagement. A senior official said the measures are straining Iran’s ability to store unsold oil and prompting renewed outreach to Washington. Suzanne Maloney of the Brookings Institution said Iran may

Iran is expected to submit a revised proposal to end the war in the coming days, according to sources familiar with mediation efforts. The move follows U.S. President Donald Trump’s rejection of an earlier plan that proposed ending hostilities before addressing Iran’s nuclear program. Iranian Foreign Minister Abbas Araghchi is returning to Tehran for consultations with leadership, a process complicated by limited access to Supreme Leader Mojtaba Khamenei. Trump said Iran described itself as in a “State of Collapse” and wants the Strait of Hormuz reopened.

EUROPEAN CHIP STOCKS EXTEND DECLINES, BE SEMI DOWN 6%, ASMI, INFINEON, ASML DOWN 2.4-3.4%