US-Iran War News Live Updates: Trump Says Ceasefire On Life Support; Iran Speaker Warns Of Surprise Retaliation

US President Donald Trump said he plans to suspend a federal gasoline tax as consumers cope with surging energy prices in the wake of the Iran war.

US federal taxes on gasoline amount to 18.4 cents per gallon on gasoline and 24.4 cents per gallon for diesel. 

Suspending the tax would require an act of Congress, where Trump's Republican party holds a razor-thin majority in both houses. 

(Source: AFP)

US President Donald Trump on Truth Social said, "I am very much looking forward to my trip to China, an amazing Country, with a Leader, President Xi, respected by all. Great things will happen for both Countries! President DONALD J. TRUMP."

Reacting to the report of Pakistan allowing Iranian military aircraft to park on its airfields to shield them from American airstrikes, Republican Senator Lindsey Graham called for a complete re-evaluation of Pakistan’s role as a mediator. "If this reporting is accurate, it would require a complete reevaluation of the role Pakistan is playing as mediator between Iran, the United States and other parties," Graham, the Senator from South Carolina, said in a post on X.

If this reporting is accurate, it would require a complete reevaluation of the role Pakistan is playing as mediator between Iran, the United States and other parties.

Given some of the prior statements by Pakistani defense officials towards Israel, I would not be shocked if… https://t.co/OqJ1cdVLFX

— Lindsey Graham (@LindseyGrahamSC) May 11, 2026

Pakistan, which is playing mediator to end the US-Iran war, allowed Iranian military aircraft to park on its airfields to shield them from American airstrikes, CBS News reported in Washington quoting US officials. The report also claimed that Iran had also parked its civilian aircraft in neighbouring Afghanistan to protect it from US airstrikes.

 

US President Donald Trump said the Iran ceasefire is on "life support" after he rejected Tehran's latest proposal to end the war. The Trump administration is calling on banks to flag certain customers who may launder funds for Iran's Revolutionary Guard — including newly formed companies moving unusually large amounts of money, firms that route payments through multiple intermediaries or transactions connected to Iranian crypto firms, among other indicators.

Iran's Parliament Speaker MB Ghalibaf posted on X, "There is no alternative but to accept the rights of the Iranian people as laid out in the 14-point proposal. Any other approach will be completely inconclusive; nothing but one failure after another. The longer they drag their feet, the more American taxpayers will pay for it." [sic]

Iran's parliament speaker MB Ghalibaf on X said, "Our armed forces are ready to deliver a well-deserved response to any aggression; mistaken strategy and mistaken decisions will always lead to mistaken results— the whole world has already figured this out.  
We are prepared for all options; they will be surprised." [sic]