Iran has reportedly submitted a new proposal that defers discussion of its nuclear programme until the war ends and disputes over Gulf shipping are resolved.

Donald Trump said Chinese President Xi Jinping offered to help the US negotiate with Iran to reopen the Strait of Hormuz. Trump told Fox News that China’s heavy dependence on Gulf oil makes Beijing eager to keep the crucial trade route open and stable as tensions continue to rise in the Middle East.

Vice President JD Vance and White House officials departed Islamabad, Pakistan after failing to reach a peace agreement with Iran on Sunday.

The United States and Iran failed to reach an agreement after a day of highly anticipated face-to-face peace talks, Washington's lead negotiator Vice President J.D. Vance announced on Sunday.

The US and Iran remained far apart on a deal to end weeks of war and reopen the crucial Strait of Hormuz on Sunday, as a drone attack sparked a fire at a United Arab Emirates nuclear plant, spotlighting the risks of a fragile ceasefire.

Vice President JD Vance said the US and Iran failed to strike a peace deal to end the six-week war rocking the Middle East, blaming Tehran’s refusal to give up its nuclear ambitions — leaving uncertainty over whether fighting will resume. Vance ...

Oil prices rose and stock futures ticked down as investors reacted after the two sides failed to agree on a U.S.-Iran peace deal.

Each side blamed the other for the failure of the 21-hour negotiations to end fighting that has killed thousands and roiled the global economy.

The US and Iran ended direct talks in Pakistan without an agreement, putting a fragile ceasefire at risk and raising doubts over efforts to end a six-week war that has killed thousands and disrupted global energy supplies.

(Refiles to add missing word in headline) By Georgina McCartney HOUSTON, May 11 (Reuters) - Oil prices settled almost 3% higher on Monday after U.S. President Donald Trump said the ceasefire with Iran was "on life support,