Trump says US will guide ships out of Strait of Hormuz

President Trump told Congress this week that hostilities "have terminated."

Last Updated: May 3, 2026, 9:04 PM EDT

President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes targeting military, government and infrastructure sites.

Following the announcement of a two-week ceasefire, initial U.S.-Iran talks in Pakistan in April failed to reach a peace deal.

Trump later announced the open-ended extension of the ceasefire and the continuation of the blockade until Iran's proposal is submitted and discussions are concluded "one way or the other."

May 01, 2026, 12:40 PM EDT

US targeting foreign currency exchange houses

The Trump administration is targeting foreign currency exchange houses that it says help the Iranian military access revenues from oil sales.

"Because Iran primarily settles its oil sales in Chinese yuan, these exchange houses play a critical role in converting oil revenues into currencies that are more readily useable by the Iranian military and its partners and proxies," the Treasury Department said in a statement Friday.

Treasury Secretary Scott Bessent said the action was taken as part of the "Economic Fury" campaign.

"Today’s designations further disrupt the Iranian regime’s mechanisms for receiving payments for oil and other commodities, thereby increasing costs and reducing revenue for the regime’s destabilizing activities, and exposing individuals and the methods the Iranian regime uses to bypass sanctions and abuse the international financial system," Bessent said in a statement.

The move follows actions by the Treasury Department earlier this week to target entities in Iran's shadow banking network that it says help the country evade sanctions.

-ABC News' Chris Boccia

May 01, 2026, 5:38 AM EDT

Flotilla activists to be taken to Greece, Israel to detain 2 participants

Israel says most of the activists it detained in the Mediterranean near Crete, who were part of a flotilla attempting to break the blockade of Gaza, were taken to Greece.

On Thursday, the Greek foreign ministry said it had "urged Israel to withdraw its vessels from the area and offered its diplomatic assistance by agreeing to host the passengers on its territory and ensure their safe return to their home countries."

The Israeli Foreign Ministry said it would detain two of the members of the flotilla. Palestinian Saif Abu Keshek, whom Israel accuses of "suspected of affiliation with a terrorist organization, and Brazilian citizen Thiago Avila, whom Israel says is "suspected of illegal activity," will be taken to Israel for questioning.

-ABC News' Jordana Miller

Apr 30, 2026, 4:34 PM EDT

Trump says Iran 'dying' to make deal

President Donald Trump said in the Oval Office that Iran is "dying to make a deal," adding, "hopefully it can be worked out very soon," despite the fact that in-person negotiations with the regime are stalled after Trump cancelled the latest round of peace talks.

When asked about the future of negotiations, Trump said, "Nobody knows what the talks are except myself and a couple of other people."

“I mean, Iran is dying to make a deal. I can only tell you that. I don't want to get into it, but they got -- they cannot be nuclear other than that. But they are,” Trump said.

President Donald Trump speaks during an executive order signing in the Oval Office of the White House, April 30, 2026 in Washington.
Andrew Harnik/Getty Images

-ABC News’ Nicholas Kerr, Emily Chang and Isabella Murray

Apr 30, 2026, 3:28 PM EDT

Senate fails to advance Iran War Powers Resolution for 6th time

For the sixth time, the Senate on Thursday failed to advance an Iran War Powers Resolution by a vote of 50-47.

But for the first time, Republican Sen. Susan Collins, Maine, voted with Democrats on Thursday in favor of advancing the legislation. Similar to the last five attempts, Democrat Sen. John Fetterman voted against advancing the resolution and Republican Sen. Rand Paul voted in favor.

"No more dodging, no more hiding, no more shirking," Senate Minority Leader Chuck Schumer said on the Senate floor. "Republicans need to help us end this illegal, costly war. They should have done it long ago. The most important vote a senator can take is on matters of war and peace."

Republicans, most of whom have been reluctant to break with Trump, have pointed to the 30-day extension under the War Powers Resolution as a way to move the goalpost on taking a vote on the administration’s operations.

Friday will mark the 60-day statutory deadline to conclude the conflict. A White House official said the Trump administration is in "active conversations" with lawmakers about requesting Congressional authorization for the war in Iran.

-ABC News’ Lalee Ibssa

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