Iran war: What’s happening on day 74 as Tehran says ready for ‘aggression’

US-Iran tensions remain high as Tehran warns it will respond to ‘any aggression’, while Trump says the ceasefire is on ‘life support’.Published On 12 May 2026Tensions between the United States and Iran remain high as Tehran warned it was prepared to respond to “any aggression” after US President Donald Trump said the fragile ceasefire was on “massive life support”.Trump on Monday rejected Iran’s latest response to his peace proposal, calling it “stupid”.Recommended Stories list of 4 itemslist 1 of 4Former Qatar PM: Netanyahu using Iran-war" class="entity-link entity-event" data-entity-id="38748" data-entity-type="event">Iran war to reshape Middle Eastlist 2 of 4Is the US empire in the middle of a long decline?list 3 of 4Trump says ceasefire is on ‘life support’ after rejecting Iran’s proposallist 4 of 4Global energy crisis highlights meagre oil buffers in developing worldend of listIran’s parliamentary speaker, Mohammad Bagher Ghalibaf, said Iranian forces are ready to retaliate if attacked, warning the US would be “surprised” by its response.The sharp exchange has deepened uncertainty around efforts to secure a diplomatic breakthrough to end the war that has triggered a global energy crisis. Despite the impasse, Trump has continued to insist that a negotiated solution remains possible.Here is what to know:In Iran Iranian authorities announced the seizure of six properties allegedly linked to former national football captain Ali Karimi, who lives in exile and has been a vocal critic of Iran. The Ministry of Foreign Affairs said Iran called for an end to the conflict and the release of its frozen assets in response to the latest US peace proposal, insisting it was only seeking its “legitimate rights”. War diplomacy Stalled negotiations: Trump rejected Iran’s latest response to the US peace proposal, while Tehran accused Washington of making “unreasonable” demands. He is set to embark on a trip to China on Tuesday to meet President Xi Jinping amid the war. Core demands remain unresolved: Trump said his main objective is preventing Iran from obtaining nuclear weapons, claiming Tehran had previously agreed to remove all enriched uranium before reversing its position. Iran has sought “sufficient guarantees” that war will not erupt again, with officials pointing to deep mistrust. ‘High likelihood of escalation’: Analyst Dania Thafer said stalled US-Iran talks show both sides are “speaking past each other”, warning pressure tactics such as Strait of Hormuz disruptions could deepen the conflict, damage the regional economy and harden tensions into a prolonged “frozen conflict”. Hormuz security meeting: The United Kingdom and France will host defence ministers from 40 countries on Tuesday to discuss plans to restore trade flows through the Strait of Hormuz. New US, UK sanctions: The US sanctioned 12 people and entities over Iranian oil sales to China, hours after similar UK measures. In the US