Washington, Apr 16:
The United Statesâ involvement in the conflict with Iran continues to evolve, with Donald Trump claiming that China has agreed not to supply weapons to Iran, despite reports suggesting China had considered doing so. China has repeatedly denied providing any military assistance to Iran.
Trump also stated in a Wednesday interview that the war in Iran is âvery close to over,â reiterating earlier claims of US victory made shortly after the conflict began.
However, observers note that the situation on the ground remains complex.
On the military front, US Central Command reported that it has achieved âmaritime superiorityâ and fully implemented a blockade of Iranian ports within 36 hours.
This move represents a significant escalation in pressure on Iran and has had broader global economic implications.
Diplomatic efforts are ongoing. Mediators say progress has been made toward extending the current ceasefire between the United States and Iran, which is set to expire on April 22.
The goal is to prolong the truce by at least two weeks to allow more time for negotiations. However, a senior US official cautioned that no formal agreement to extend the ceasefire has been reached yet, though engagement between the two sides continues.
Iran has indicated some willingness to negotiate. Foreign Ministry spokesman Esmail Baghaei said the country is open to discussions about the level and type of uranium enrichment. However, he emphasized that Iran insists on maintaining its enrichment capabilities based on national needs.
The conflict has also triggered global economic ripple effects. Japan announced a $10 billion financial support initiative called âPower Asiaâ to help Southeast Asian nations cope with surging oil prices and supply disruptions. The fund is designed to secure energy supplies, strengthen reserves, and promote long-term energy stability and efficiency in the region.
Japan is particularly concerned about the impact of supply shortages on its own economy, given its reliance on imports from Southeast Asia.
Meanwhile, Norway is benefiting from the crisis. The disruption of energy flowsâespecially due to the closure of the Strait of Hormuzâhas driven oil and gas prices sharply higher. Norway reported record export revenues in March, with crude oil earnings nearing $21 billion, a 28% increase from the previous year. Natural gas exports also surged to their highest levels in over a year.
On the ground in Iran, tensions remain evident. In Tehran, three people were injured when two remotely operated improvised explosive devices detonated.
A third device was successfully defused. Iranian authorities described the incident as minor, with no fatalities or serious damage, and said the situation is under control.