U.S. President Donald Trump posted on social media Wednesday that the war with Iran could soon end and oil and natural gas shipments could restart, if Iran accepts a reported agreement that he did not detail.
“If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before,” Trump's post said.
According to reporting by Axios, the U.S. has sent for Iran's review a one-page memorandum to end the war, with provisions including a moratorium on Iranian uranium enrichment, a lifting of U.S. sanctions and the distribution of frozen Iranian funds and the opening of the Strait of Hormuz for ships. The White House did not respond to questions about the possible agreement.
Trump wrote that it was “perhaps a big assumption” that Iran would agree to the terms being offered by the United States.
Also Wednesday, Commerce Secretary Howard Lutnick is appearing before a House committee investigating convicted sex offender Jeffrey Epstein as lawmakers seek answers for Lutnick’s contact with him in the years after 2008. Lutnick has given contradictory statements about his relationship with Epstein but says he has done nothing wrong and welcomes the closed-door interview with lawmakers.
Elections in Indiana, Ohio and Michigan on Tuesday reinforced a picture that’s becoming increasingly clear — while Trump still dominates the Republican Party, Democrats seem to have the momentum ahead of November’s midterm elections. In Indiana, five of the president’s candidates won with the help of an avalanche of cash.
And Trump has renewed his criticism of Pope Leo XIV, potentially complicating a fence-mending visit that Secretary of State Marco Rubio plans to make this week to the Vatican. In an interview, Trump said the first American-born pontiff is helping Iran and also making the world less safe with his comments about the importance of not treating immigrants with disrespect.
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Five months ago, Trump was stinging from a political defeat as Republican state senators defied him on redistricting in Indiana. Now he has proved he can still punish wayward party members after the slate of challengers he endorsed defeated almost every one of those lawmakers.
The results will likely bolster Trump’s confidence heading into upcoming Republican primaries where he wants more incumbents ousted, including Sen. Bill Cassidy of Louisiana and Rep. Thomas Massie of Kentucky.
Indiana’s primary results also ratchet up pressure on Republican lawmakers in other states to move aggressively to redraw congressional district boundaries in time for the November elections.
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Hamburg-based shipping company Hapag-Lloyd says the closure of the Strait of Hormuz is costing it around $60 million a week, in particular in costs for fuel and insurance, as it remains too risky to permit its ships to try getting through.
Insurance costs have shot up due to the risk of attack from Iranian drones and small boats. Alternate routes to safe harbors or overland are “limited in capacity and cannot completely replace the regular maritime routes through the region,” a company statement said.
The number of ships passing the strait has dwindled to a trickle. Iran has demanded that vessels go through a vetting process run by the Islamic Revolutionary Guards Corp that involves passing to the north near the Iranian cost, submitting information on crew and cargo, and in some cases paying. But paying the IRGC risks running afoul of sanctions from the US and the EU, which have designated it a terrorist organization.
Oil prices and shipping are unlikely to return to normal until it’s clear the risk of attacks in the Strait of Hormuz have receded, cautions Kaho Yu, head of energy and resources resources at risk intelligence company Verisk Maplecroft.
“Even with diplomatic engagement continuing, energy markets are unlikely to return quickly to pre-crisis assumptions,” he said. “Refiners, shippers, and commodity traders will remain cautious until there is clearer evidence that Hormuz disruptions will not re-escalate.”
Despite the Iran-China meeting’s emphasis on de-escalation, “Hormuz remains the real metric that will be watched,” he added. “Tanker traffic and energy flows over the coming weeks and months are likely to matter more than diplomatic language in assessing whether Beijing can translate influence with Tehran into practical stability.”
About 6 in 10 U.S. adults say the United States is no longer a great place for immigrants, according to the AP-NORC poll.
Roughly 3 in 10 say the U.S. is a great place for immigrants, while about 1 in 10 say it never was. The belief that America is no longer great for immigrants is more common among Democrats and independents.
Nick Grivas, a 40-year-old Democrat from Massachusetts, said he worries that federal immigration policies could discourage new arrivals from investing in their communities, especially if they don’t believe they will be allowed to remain.
“You’re less willing to commit to the project if you don’t think that you’re gonna be able to stay,” he said.
The White House believes it is nearing an agreement with Iran on a one-page memorandum to end the war, according to reporting by Axios.
There is not an agreement yet, but the provisions include a moratorium on Iranian uranium enrichment, a lifting of U.S. sanctions and the distribution of frozen Iranian funds and the opening of the Strait of Hormuz for ships.
The White House did not respond to questions about the possible agreement.
Trump posted on social media that the war with Iran could soon end and oil and natural gas shipments could restart. But that all depends on Iran accepting a reported agreement that the U.S. president did not detail.
“If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before,” Trump said.
Trump said that it was “perhaps a big assumption” that Iran would agree to the terms being offered by the United States.
Many U.S. adults say they or someone they know has made life changes because of immigration enforcement over the last year, according to a new AP-NORC poll.
About one-third of Americans say they know someone who has started carrying proof of their immigration status or U.S. citizenship, been detained or deported, changed their travel plans, or significantly changed their routines – such as avoiding work, school or leaving the house – because of their immigration status.
This is especially true among Hispanic adults, with more than half knowing someone affected. Democrats are also more likely than Republicans to say they have a personal connection to someone impacted by immigration enforcement.
Wang Yi said his country was “deeply distressed” by the conflict. He spoke after meeting with Iranian Foreign Minister Abbas Araghchi, who was visiting Beijing for the first time since the war with the U.S. and Israel started Feb. 28.
China’s close economic and political ties to Tehran give it a unique position of influence. The Trump administration is pressing China to use that relationship to urge the Islamic Republic to open the Strait of Hormuz.
The Chinese minister’s comments followed an earlier statement by Trump that he was pausing his short-lived U.S. effort to guide stranded commercial vessels out of the Strait of Hormuz in hopes that a deal could be finalized. A shaky ceasefire has been largely holding, despite exchanges of fire during the U.S. push to reopen the strait on Monday.
The seat has been vacant for more than a year, since Democrat Kristen McDonald Rivet resigned to take a seat in Congress.
Democrats are showing surprising strength in special elections and off-year contests across the country, winning races in unexpected places and significantly narrowing the gap, even when they fall short.
There’s no guarantee the trend will continue through the midterms, when turnout will be much higher, but it has nonetheless energized Democrats and spooked Republicans worried about keeping their congressional majorities.
Trump took aim at seven Republican state senators in Indiana who opposed his plan to redraw congressional district boundaries to help the party gain seats in the U.S. House. His intervention mostly paid off.
Groups allied with the president spent more than $8.3 million on advertising, an extraordinary surge of money into races that are typically low-profile.
Five Trump-backed challengers won. One incumbent won. A seventh contest was too close to call on Tuesday night.
The races were a test of Trump’s enduring grip over his party as Republicans grow increasingly anxious about the midterm elections.
By winning most of them, Trump sent a signal to Republicans everywhere that they can still get thrown out of office if they distance themselves from him even as his popularity fades. And they show the president that he can still credibly threaten consequences for Republicans who cross him.
The Trump-targeted state senators all represent districts he carried in 2024, mostly by 20 percentage points or more.
Elections in Indiana, Ohio and Michigan on Tuesday reinforced a picture that’s becoming increasingly clear — while President Donald Trump still dominates the Republican Party, Democrats seem to have the momentum ahead of November’s midterm elections.
The biggest test of Trump’s power came in Indiana, where he backed primary challenges against seven Republican state senators who rejected his redistricting plan in December. Five of the president’s candidates won with the help of an avalanche of cash.
Meanwhile in Michigan, a Democrat comfortably won a state Senate race in a bellwether district, the latest in a string of special election victories.
Over in Ohio, primaries locked in candidates for two major races with national implications.
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Pro-government demonstrators chant slogans as one of them holds a picture of the Iranian Supreme Leader Ayatollah Mojtaba Khamenei during their gathering at Enqelab-e-Eslami, or Islamic Revolution, square in Tehran, Iran, Monday, May 4, 2026. (AP Photo/Vahid Salemi)
FILE - Commerce Secretary Howard Lutnick attends an event on health care affordability in the Oval Office at the White House, April 23, 2026, in Washington. (AP Photo/Mark Schiefelbein, File)
Secretary of State Marco Rubio leaves the room after speaking to the media in the James Brady Press Briefing Room of the White House, Tuesday, May 5, 2026, in Washington. (AP Photo/Jacquelyn Martin)
