Iran’s leadership is betting it can outlast an under-pressure Donald Trump in its peace negotiations with Washington, but its defiance risks renewed military confrontation, analysts say. With a shaky ceasefire holding, almost two-and-a-half months after the US-Israeli war against the Islamic republic began, the US president has angrily dismissed Iran’s responses to an American proposal for a settlement, warning the truce is on its last legs. But analysts say that even after the assassination of long-time supreme leader Ayatollah Ali Khamenei on the first day of the war, Iran’s leadership remains fiercely ideological and dedicated to the preservation of the Islamic republic set up in the 1979 revolution that ousted the shah. The Iran flag flutters from a tall flagpole over high-rise buildings in northern Tehran on May 12, 2026. — AFP “They do think they can outlast Trump. The war is existential for them,” Sanam Vakil, director of the Middle East and North Africa Programme at the Chatham House think tank in Lon...
10x Research CEO Markus Thielen said Bitcoin’s strength above $80,000 could be supported by two favorable decisions in the US Senate this week. Bitcoin briefly dipped before surging over $82,000 on Sunday as US President Donald Trump rejected Iran’s counteroffer to a peace deal, which could prolong tension in the Middle East. “I don’t like it — TOTALLY UNACCEPTABLE," Trump said in a post to Truth Social on Sunday after reading Iran’s proposal to end the war. Iran has previously requested that the US pay for war reparations and unfreeze blocked Iranian financial assets. Bitcoin (BTC) fell from $81,430 to $80,520 within 45 minutes of Trump’s post before whipsawing nearly 2.3% to $82,347 less than three hours later, according to CoinGecko data. Bitcoin’s rise also resulted in nearly $64 million worth of short positions being wiped out over the last four hours, according to CoinGlass data. Read more
As fears of renewed conflict hang over Iran, conservationists are shoring up battered historic sites and taking stock of the damage caused by the war with the United States and Israel, though experts warn some repairs could take years. At Golestan Palace, a defining cultural landmark in central Tehran, shattered mirrors, broken doors and debris from ornate ceilings now lie scattered across parts of the site after shockwaves from strikes on the capital following the outbreak of war on February 28. The former royal residence, known for its sprawling gardens, pools and royal halls, has been listed as a Unesco World Heritage site since 2013. The fragile truce in place since April 8 has allowed experts to begin gauging the scale of the damage, though the complex remains closed to the public. Visitors walk through the damaged interiors of the historic Golestan Palace in Tehran on April 4, 2026. — AFP/File “The damage has been assessed at several levels, but a more detailed specialised evaluation is still underway,”...