Trump Rejects Iran's Counter-Proposal
Press TV on Sunday (10/05) described Washington’s proposal as an “attempt to force surrender.” According to the media outlet, accepting the proposal would be tantamount to Iran submitting to Trump’s “excessive demands.”
In response, Iran submitted a counter-proposal that Trump rejected, calling it “completely unacceptable.” Iran’s proposal includes halting the war on all fronts, payment of war reparations by the US, full recognition of Iran’s sovereignty in the Strait of Hormuz, lifting of US sanctions, and the return of Iran’s seized assets.
Qatar: Hormuz should not become a tool for political pressure
Qatar’s Prime Minister Mohammed bin Abdulrahman al-Thani warned against turning the Strait of Hormuz into a tool for political pressure.
In a telephone conversation with Iran’s Foreign Minister Abbas Araqchi, al-Thani stated that using the Strait of Hormuz as a “pressure tool” would only deepen the crisis in the Gulf region, according to Qatar’s Foreign Ministry.
Doha stated that al-Thani also emphasised that mediation efforts to end the war need to be responded to by all parties.
Iran threatens to complicate ships from countries supporting US sanctions
Iran warned that ships from countries supporting US sanctions will face difficulties crossing the Strait of Hormuz.
Iran’s military spokesperson Mohammad Akraminia told the official IRNA news agency that Iran has implemented a “new legal and security system” in the strait. Under this system, every ship passing through must coordinate with Iran.
Akraminia said the rules “have already come into effect” and will bring “economic, security, and political benefits” to the Islamic Republic of Iran.
The statement comes after the United States and Bahrain drafted a UN resolution calling on Iran to cease all restrictions on ships crossing the Strait of Hormuz.
Aramco’s profits surge amid the crisis
Saudi oil company Aramco reported a 25.5% profit surge in the first quarter of 2026 compared to the same period last year.
The increase was driven by a spike in oil and gas prices amid the war between the US, Israel, and Iran.
In its statement to the Saudi stock exchange, Aramco said quarterly net profit rose to 120.13 billion Saudi riyals (approximately Rp521 trillion), from 95.68 billion Saudi riyals (approximately Rp415 trillion) in the first quarter of 2025.
With a fragile ceasefire and Iran restricting hydrocarbon traffic through the Strait of Hormuz, Aramco attributed the revenue increase mainly to higher prices and sales volumes of refined products and chemicals, as well as increased volumes and prices of crude oil.
Aramco, in which the Saudi government holds the majority stake, is the world’s largest oil exporter.