Trump says Iran's terms "not good enough" for ceasefire deal, Tehran outlines conditions for ending conflict

U.S. President Donald Trump said Saturday that he's not ready to make a deal to end the military campaign against Iran "because the terms aren't good enough yet."

"Iran wants to make a deal, and I don't want to make it because the terms aren't good enough yet," he said of ending the war against Iran in an interview with NBC News, adding that any terms will have to be "very solid."

Trump, though declining to tell what his terms would be, said that a commitment from Iran to completely abandon any nuclear ambitions would be part of those terms for a ceasefire.

His remarks came two weeks after the United States and Israel started massive attacks on Iran on Feb. 28, which are disrupting global shipping, sending oil prices soaring and shaking the global economy.

Trump said that the strikes have greatly weakened Iran's military capabilities, noting that the U.S. military has destroyed most of Iran's missiles, drones and relevant production facilities, and that the relevant capabilities will be completely destroyed within two days.

Trump also confirmed that U.S. forces had carried out heavy strikes on Kharg Island, Iran's principal oil export terminal, while deliberately sparing its oil facilities to avoid reconstruction, which would take years.

Kharg Island lies in the Persian Gulf about 25 km off Iran's coast and accounts for about 90 percent of Iran's crude exports.

The U.S. forces "successfully struck more than 90 Iranian military targets on Kharg Island" on Friday night, the U.S. Central Command (CENTCOM) said on Saturday in a post on X. The strike destroyed naval mine storage facilities, missile storage bunkers, and multiple other military sites, the post said.

As the U.S.-Israel-Iran conflict entered its 15th day Saturday, senior Iranian official Mohsen Rezaei outlined Tehran's conditions for ending the conflict, demanding full compensation for damage and a complete U.S. military withdrawal from the Gulf.

Israeli Defense Minister Israel Katz said Saturday that "the global and regional struggle against Iran is escalating" and that Israel is entering the final decisive phase, vowing it "will last as long as necessary."

Since Israel and the United States launched the large-scale military operations against Iran two weeks ago, the Israeli military has carried out more than 7,600 air strikes on Iranian territory.

The Islamic Revolutionary Guard Corps (IRGC) said Saturday it had conducted the 51st round of Operation True Promise-4 with the launch of missiles towards the Prince Sultan Air Base in Saudi Arabia.

Trump says Iran's terms "not good enough" for ceasefire deal, Tehran outlines conditions for ending conflict

China intends to step up efforts to forge itself into a financial power by strengthening financial regulation across the three main aspects of risk prevention, supervision enhancement and advancing high-quality development, according to an official on Thursday.

At press conference in Beijing, Cong Lin, deputy director of National Financial Regulatory Administration, briefed media on the latest plans to reinforce financial regulations, with measures designed to provide support for business activities while preventing risks and tightening supervision.

"We should effectively and orderly prevent and defuse risks of local small and medium-sized financial institutions and firmly hold the bottom line against collapse. We will also promote the reduction of the number of local small and medium-sized financial institutions while improving their quality and optimizing their layout. Meanwhile, we will thoroughly implement a comprehensive campaign to prevent and combat illegal financial activities, so as to safeguard people's hard-earned money," said Cong.

"We need to improve the framework for classified and graded supervision and steadily advance differentiated supervision. Technological empowerment should be enhanced, with our 'look-through' regulatory capacity being strengthened. We also will guide financial institutions to accelerate transformation in their development mode and build their capacity for sustainable development," Cong noted.

To facilitate high-quality development, the administration will also look to implement a wider range of safeguarding strategies across key areas and address weak links. Financial support for stimulating consumption, expanding investment, stabilizing businesses and employment, and promoting scientific and technological innovation will also be increased, according to the official.

China to step up financial regulation with enhanced risk prevention, supervision: official