LIVETehran studies new US proposal as Trump warns strikes could resume quicklyLast updated: May 21, 2026 | 06:54Gulf News ReportUAEDonald TrumpIsraelIranUS-Israel-Iran warUS president says negotiations are at a critical stage amid war fears and oil jitters.IANSIran said it is reviewing a new US proposal aimed at ending the Middle East conflict, as US President Donald Trump warned talks were on the “borderline” between diplomacy and renewed military action. While negotiations continue through Pakistani mediation, tensions remain high over the Strait of Hormuz, sanctions, and threats of further escalation, with global markets closely watching the outcome. Follow our live coverage for the latest updates:HighlightsSHOW MORE04:41 AM, 21 May 2026FAO warns of agri-food 'shock' from Strait of Hormuz closureThe Food and Agriculture Organisation (FAO) of the United Nations warned that a prolonged closure of the Strait of Hormuz risks triggering a structural agrifood shock, which could culminate in a severe global food price crisis within six to 12 months. The situation could be further exacerbated by the onset of the El Niño weather phenomenon, which is expected to cause droughts and disrupt rainfall and temperature patterns across multiple regions.04:13 AM, 21 May 2026Global energy economy needs infrastructure, AI, freedom of navigation: Al JaberRenewed infrastructure investment, a razor-sharp focus on AI and an absolute commitment to freedom of navigation through the Strait of Hormuz are needed to enhance global energy resilience, a senior UAE official said.Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, said: “Once you accept that a single country can hold the world’s most important waterway hostage, freedom of navigation as we know it is just finished.”Al Jaber, who is also Managing Director and Group CEO of the Abu Dhabi National Oil Co (ADNOC), Chairman of Masdar and Executive Chairman of XRG, was speaking at the Atlantic Council, where is called for investment across the value chain to strengthen the global energy economy.06:53 AM, 21 May 2026Germany renews solidarity with the UAE, condemns terrorist drone attacks on Barakah nuclear power plant