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US President Donald Trump said Iran is "finished" and must either negotiate a deal to end the ongoing conflict or face destruction. "Deal or annihilation for Iran," Trump stated during an interview with Fox News on the final day of his three-day trip to China. He emphasised that the US cannot “let Iran have a nuclear weapon."
"They're finished now; they can make a deal, or they will be annihilated," Trump said after in-depth discussions with Chinese President Xi Jinping on various issues, including Iran.
US President Donald Trump said that he has eyes on Iran's enriched uranium. He warned the US will target any Iranian trying to reach the country's highly enriched uranium, saying the nuclear material is under constant US military surveillance. In a televised interview, he appeared to play down the significance of the uranium, which is believed to be buried under rubble at nuclear facilities, remaining in Iran.
Until 15 May 2026, the public sector oil marketing companies, which together command about 90% cent of the retail market, had held petrol and diesel prices essentially unchanged from their Feb 23, 2026 levels, absorbing the cost of crude at refinery gate and accumulating daily under-recoveries reported at around one thousand crore rupees.
| Retail price change, Feb 23, 2026 to May 15, 2026 | ||
| Country | Petrol | Diesel |
| Myanmar | 89.70% | 112.70% |
| Malaysia | 56.30% | 71.20% |
| Pakistan | 54.90% | 44.90% |
| United Arab Emirates | 52.40% | 86.10% |
| United States | 44.50% | 48.10% |
| Philippines | 40.60% | 53.80% |
| Sri Lanka | 38.20% | 41.80% |
| Nepal | 38.20% | 58.50% |
| South Africa | 33.10% | 63.60% |
| Canada | 31.90% | 32.80% |
| New Zealand | 30.70% | 88.60% |
| Thailand | 29.70% | 32.40% |
| Belgium | 25.30% | 30.90% |
| Vietnam | 23.80% | 50.60% |
| China | 21.70% | 23.70% |
| France | 20.90% | 31.00% |
| United Kingdom | 19.20% | 34.20% |
| South Korea | 19.00% | 26.20% |
| Australia | 18.50% | 43.10% |
| Bangladesh | 16.70% | 15.00% |
| Italy | 15.40% | 19.80% |
| Germany | 13.70% | 19.80% |
| Singapore | 12.70% | 64.70% |
| Japan | 9.70% | 11.20% |
| Saudi Arabia | 0.00% | 0.00% |
| India | 3.20% | 3.40% |
Source: Global Petrol Prices.com weekly retail data, country-level changes from 23 February 2026 to 11 May 2026.
US President Donald Trump said the US objective of recovering highly enriched uranium from Iran was "more for public relations than it is for anything else."
Trump said in an interview with Fox News that the mission to recover the uranium, which is thought to be buried beneath the rubble of bombed nuclear sites, could be viewed as unnecessary because the US was maintaining round-the-clock surveillance. The president said, he ultimately would rather get the material out of the country.
(Source: Bloomberg)
Defending the military operations against Iran once again, US President Donald Trump said they are much shorter than previous US conflicts, such as those in Vietnam and Iraq. He stated that Iran's navy has been taken out and that they currently lack air force and anti-aircraft capabilities. “They built it up a little bit. We’ll take it out in one day,” he declared.
US President Donald Trump said on Thursday he was running out of patience with Iran and pressed Tehran to accept a deal. While he also revealed that Chinese President Xi Jinping had offered to help reopen the Strait of Hormuz and pledged not to arm Iran in its war against the United States and Israel.
When pressed about China's support for Iran, Trump stated that the topic was discussed with Xi, who assured him that China "is not going to give military equipment" to Iran. China currently purchases 90 per cent of Iranian oil and maintains a strategic partnership with Tehran, including close military ties.
(Source: AP)
Trump was scheduled for one more meeting with Xi on Friday, followed by lunch before returning home, concluding his visit to China.
During the interview, Trump noted, “President Xi would like to see a deal between the US and Iran.” He added that Xi offered assistance, saying, 'If I could be of any help whatsoever, I would like to help.' Trump expressed his belief that China also does not want Iran to possess nuclear weapons.
US President Donald Trump said Iran is "finished" and must negotiate a deal to end the conflict or face annihilation. Speaking to Fox News on the final day of his China trip, he said the US cannot "let Iran have a nuclear weapon." Trump said "Deal or annihilation for Iran" after in-depth discussions with Chinese President Xi Jinping on Iran.
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