US-Iran War News Updates: Trump Says Tehran Has Not Paid 'Big Enough Price' As IRGC Warns US Options Narrowing

US President Donald Trump on Sunday dismissed the prospect of an "acceptable peace deal" with Iran, saying he "can't imagine" any new plan from Tehran would meet Washington's terms, and that Iran has not yet paid "a big enough price for what they have done.", 

The remarks came as Trump confirmed he would review Iran's latest proposal. In a sharp response, Iran's Revolutionary Guard Corps warned that the room for US decision-making "has narrowed," signalling hardening positions on both sides as diplomatic efforts over the ongoing conflict continue to stall.

Iran submitted a 14-point response to a US proposal, with Tehran pushing for resolution within 30 days and demanding the talks focus on "termination of the war" rather than a ceasefire extension, according to Iran's IRGC-affiliated Tasnim news agency.

Around twenty-five tankers carrying crude oil departed Iran in April 2026, but the vast majority never reached their destination, according to international maritime tracking website TankerTrackers.com.

Seven were redirected back to Iran from the Arabian Sea and the Indian Ocean by the United States, while two others were seized by US forces in the Indian Ocean, one tanker reached the Far East, highlighting the severe disruption to Iranian oil exports amid the ongoing US-Iran conflict.

There were twenty-five tankers that departed Iran with crude oil during April 2026.

Of that lot, seven were quickly redirected back to Iran by USA from the Arabian Sea/Indian Ocean.

Two were seized by USA in the Indian Ocean.

One reached the Far East.#OOTT #IranWar #Tankers

— TankerTrackers.com, Inc. (@TankerTrackers) May 3, 2026

A bulk carrier came under attack from multiple small craft about 11 nautical miles west of Sirik while heading north, the UK Maritime Trade Operations (UKMTO) said. All crew members are safe, and no environmental damage has been reported.

German Foreign Minister Johann Wadephul has urged Iran to reopen the Strait of Hormuz and abandon its nuclear programme after speaking with his Iranian counterpart, according to Al-Jazeera. 

“As a close US ally, we share the same goal — Iran must completely and verifiably renounce nuclear weapons and immediately reopen the Strait of Hormuz, as US Secretary of State Marco Rubio has also demanded,” Wadephul said in a post on X.

OPEC on Sunday agreed to a modest increase in oil output for June, raising production targets by 188,000 barrels per day for seven member countries, Reuters reported.

However, the additional supply is expected to remain largely notional as the ongoing Iran war continues to disrupt oil flows through the Strait of Hormuz.

The group signalled it remains prepared to boost supplies once the conflict eases, maintaining a business-as-usual stance despite recent shifts, including the UAE’s exit from OPEC .

Protesters took to the streets in central Tel Aviv, rallying against Prime Minister Benjamin Netanyahu’s government and urging an end to Israel’s ongoing conflicts in the region, Reuters reported.

Two US service members participating in the African Lion 2026 military exercise have been reported missing near the Cap Draa Training Area, close to Tan Tan in Morocco, according to the United States Africa Command.

US military air activity saw a notable spike, with multiple transport and aerial refuelling aircraft heading from Europe to the Middle East, according to flight-tracking platform Flightradar24.

Data indicates an unusual surge in movements, with at least 12 military transport planes, primarily C-17A Globemaster III aircraft, en route to the region, some departing from bases in Germany. Each aircraft can carry up to 77 tonnes of cargo and around 100 personnel.

In addition, several Boeing KC-135 Stratotanker aircraft were observed operating in and around Israel, providing mid-air refuelling support as part of the increased military activity.

Mohsen Rezaee, a former commander of Iran’s Islamic Revolutionary Guard Corps (IRGC) and current secretary of Tehran’s Expediency Council, has issued a sharp warning to the United States, likening its military presence in the Strait of Hormuz to “piracy.”

In a statement posted on X, Rezaee said Iran is fully capable of confronting what he described as “pirates,” asserting that its forces could target US warships if tensions escalate. He warned that the strategic waterway could become a “graveyard” for American aircraft carriers and troops.

At least five people, including four paramedics, were injured in an Israeli airstrike targeting the municipality of Srifa in southern Lebanon’s Tyre district, the Health Ministry said.

The strike reportedly hit an area adjacent to a medical centre, according to a statement carried by the National News Agency. Authorities condemned the incident, citing violations of international humanitarian law and referencing Article 19 of the Geneva Convention, which mandates the protection of medical facilities during armed conflict.

Iran's powerful Islamic Revolutionary Guard Corps (IRGC) has sharpened its rhetoric against the US, warning that Washington faces a binary choice between a costly military confrontation and a compromised diplomatic outcome, Al-Jazeera reported. 

Citing a statement of state television, Al-Jazeera reported that the IRGC's intelligence unit said “the room for US decision-making has narrowed,” adding that Tehran has set a deadline for the US military to end what it described as a blockade of Iranian ports, though no timeline was specified.

“There is only one way to read this: Donald Trump must choose between an impossible military operation or a bad deal with the Islamic Republic of Iran,” the statement said.

Members of OPEC , now seven are scheduled to meet today to discuss oil production for the first time after the UAE exited the group amid ongoing tensions in the Middle East region.

Iran's 14-point proposal urges for new economic demands. While earlier negotiations centred on easing sanctions, Tehran is now seeking the complete removal of US and international sanctions, release of frozen assets, and compensation for damages linked to prolonged economic restrictions and military pressure, Tasnim news agency reported.

The military of Israel has warned to attack 12 towns and villages in Southern Lebanon, instructing residents to vacate the region. The targeted towns and vilaages are  al-Duwayr, Arab Salim, al-Sharqiya (Nabatieh), Jibshit, Braashit, Sarafand, Dounin, Briqa, Qaaqaiya al-Jisr, al-Qasiba (Nabatieh) and Kfar Sir, Al Jazeera reported.

Including Stewart into the negotiating team was facilitated by Jared Kushner, US officials told CBS News. Before this, Stewart was associated with the lobbying division for Defense of Democracues, a unit that advocated for more aggressive military stance against Iran.

 

The White House has appointed Nick Stewart as an adviser to the diplomatic team, which will negotiate to end the conflict with Iran, according to a report by CBS News.

Trump denied the need for congressional approval to continue targeting Iran and he was quoted by PTI as saying, "Many US presidents involved in things very big (like war), they never had to go through Congress."

In a post on Truth Social, Trump said, "I will soon be reviewing the plan that Iran has just sent to us, but can’t imagine that it would be acceptable in that they have not yet paid a big enough price for what they have done to Humanity, and the World, over the last 47 years."
 

Hundreds of Iraqi oil trucks are using Syria's Baniyas port as an altenative energy corridor to Europe as tensions in the Strait of Hormuz remain following the US-Iran war, Al Jazeera reported.

A Very Large Crude Carrier (VLCC) of Iran’s National Iranian Tanker Company has evaded the US blockade at the Strait of Hormuz and reached the Asia Pacific, carrying more than 1.9 million barrels of crude oil valued at around $220 million, Al Jazeera reported citing TankerTrackers.com.

Elaborating on further possibility of strikes, Trump was quoted by PTI as saying, “If they misbehave, if they do something bad, but right now, we will see. It's a possibility that could happen, certainly.” 

A supertanker with Iraqi crude has possibly crossed the Strait of Hormuz in recent days, Bloomberg reported citing automated tracking data. Meanwhile, a cargo of cooking fuel for India has left the Persian Gulf.

In its 14 point peace proposal, Iran ahs urged for the establishment of a new governing mechanism for the Strait of Hormuz, a key connectivity route for global supplies, which has been disrupted during the course of the conflict.

Iran's 14 point offer comes in reponse to a nine point plan sent by the US, which allegedly included timeline for ceasefire. The Islamic Republic rejected any extension to the interim agreement, emphaising that a detailed resolution to be achieved in 30 days, rather than a temporary ceasefire, ANI reported.

Iran has submitted a 14 point peace plan to the US, highlighting a framework aimed to "end the war", including Lebanon, Tasnim News agency reported.