Trump Says US-Iran War Will End Soon, as Iran Threatens to Strike US Military Bases in Europe

Daily News

Summary:

Trump says the US-Iran war will end soon, while the US naval blockade remains in place. Iran warns it will retaliate if US military bases in Europe are used to launch attacks against it.

Headlines

1. Vance considers holding direct talks with Iranian hardliners in an effort to end the war.

2. Iranian Parliament Speaker: The US must meet Iran's seven demands.

3. Rezaei: Iran will target distant US military bases if the US launches another act of aggression.

4. Trump: The US-Iran war will end soon, but the naval blockade will remain in place.

5. OPEC+ oil production in October reached 97% of pre-war levels, with Saudi Arabia sharply increasing output.

6. Iran warns it will retaliate if US military bases in Europe are used to launch attacks.

Detailed

Vance Considers Direct Talks with Iranian Hardliners to Help End the War

According to US and Middle Eastern officials, as well as sources familiar with the negotiations, US Vice President JD Vance is considering an in-person meeting with a senior Iranian security official. He has now emerged as Washington's central figure in negotiations with Iran, seeking to end a war that is widely seen as politically damaging to the Republican Party. US and Middle Eastern officials said that President Donald Trump recently told senior aides and foreign counterparts that he was open to Vance restarting negotiations with Iran and had authorized him to lead the talks. US officials stressed that discussions about sending Vance to meet Iranian officials directly remain at an early stage.

In October, Vance sent a letter proposing a meeting to Mohsen Rezaei, a hardline figure and secretary of Iran's Supreme National Security Council. No date has been set for the meeting, but the two sides are discussing possible arrangements through intermediaries and allies. US officials said Vance has recently become more actively involved in Iran-related diplomacy than special envoys Steve Witkoff and Jared Kushner, who are also handling efforts to mediate the Russia-Ukraine conflict. Sources familiar with the matter said Vance met with Qatar's prime minister on Monday morning, after which the two held talks with Trump and other White House officials. Trump described the outcome of the meeting as excellent. According to sources, Doha is being considered as a potential venue for the next round of negotiations if Vance and Iranian officials agree to meet.

Iranian Parliament Speaker: The US Must Meet Iran's Seven Demands

On November 11, local time, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said Iran had delivered a clear and straightforward response to the US, outlining its legitimate demands. So far, Washington has provided no official or concrete response to the information and proposals submitted by Tehran. Ghalibaf stressed that the US must fully implement Iran's seven conditions if it wants to reopen the Strait of Hormuz and resume negotiations.

Rezaei: Iran Will Target Distant US Military Bases if Washington Launches Another Act of Aggression

On November 11, Mohsen Rezaei, secretary of Iran's Supreme National Security Council, said that if the US made the mistake of launching an attack on Iran's Fordow underground nuclear facility, Iran's retaliation would not be limited to nearby US military bases. It would also target all distant US military bases. He said he was referring to remote US military facilities that Iran had not previously designated as targets.

If US aircraft took off from distant military bases to bomb Iran, Tehran would also strike those bases. Iran warned all countries hosting US military bases against assisting any US military aggression against Iran. Any location from which US warplanes take off would be regarded by Iran as a threat.

Rezaei also said Iran was determined to establish an alliance comprising the eight countries along the Persian Gulf, with the aim of promoting cooperation in economic and security affairs across multiple areas.

Trump: US-Iran War Will End Soon, but Naval Blockade Will Remain in Place

US President Donald Trump defended the military campaign against Iran, arguing that the conflict was initiated by Tehran rather than Washington. He claimed that Iran had been waging war against the US since 1979 and that US military action was intended to prevent Iran from developing nuclear weapons, an issue he said should have been resolved long ago.

Speaking at a Veterans Day event on Wednesday, Trump stressed that Iran would never be allowed to possess nuclear weapons. He also claimed that it would take Iran 25 years to rebuild everything it had lost. Trump said the US had won the war against Iran and must ensure a complete victory rather than settling for a 93% victory.

Trump said the conflict would end soon, making the world safer, better and more peaceful. He also praised Defense Secretary Pete Hegseth for doing an excellent job. Meanwhile, Rezaei, secretary of Iran's Supreme National Security Council, said Tehran would not allow enriched uranium to be removed from the country.

OPEC+ Oil Production in October Reached 97% of Pre-War Levels, with Saudi Arabia Sharply Increasing Output

According to the monthly report released by the Organization of the Petroleum Exporting Countries and its allies (OPEC+), the group's crude oil production reached 41.23 million barrels per day in October, up approximately 2.04 million barrels per day from September. The increase was mainly driven by a sharp rise in Saudi Arabian output.

This came despite ongoing disruptions to crude oil shipments through the Strait of Hormuz amid the war involving Iran. OPEC expects global oil demand to increase by 2.55 million barrels per day next year, reaching an average of 108.3 million barrels per day. It also forecasts demand growth of 180,000 barrels per day in 2026.

Iran Warns It Will Retaliate if US Military Bases in Europe Are Used to Launch Attacks

Rezaei, secretary of Iran's Supreme National Security Council, said that if the US made the mistake of attacking Iran's Fordow underground nuclear facility, Tehran's retaliation would not be limited to nearby US military bases. It would also target all distant US military bases, including those located in Europe.

In an interview with Lebanon's Al Mayadeen TV on Wednesday, Rezaei said he was referring to remote US military facilities that Iran had not previously designated as targets. If US warplanes took off from distant military bases to bomb Iran, Tehran would also strike those bases.

Iran urged all countries hosting US military bases not to cooperate with any US military aggression against Iran. Any location from which US warplanes take off would be regarded by Tehran as a threat. Rezaei also reiterated Iran's determination to establish an alliance comprising the eight countries along the Persian Gulf, with cooperation spanning economic and security affairs and multiple other areas.

Today's Economic Calendar

15:00 (UTC+8) UK Q3 GDP

22:00 (UTC+8) Cleveland Fed President Beth Hammack speaks

23:00 (UTC+8) US October Existing Home Sales (Annualized)

00:30 (UTC+8) Chicago Fed President Austan Goolsbee speaks

01:30 (UTC+8) ECB Governing Council Member Joachim Nagel speaks

02:10 (UTC+8) San Francisco Fed President Mary Daly speaks

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