⚠️ Hoshilian News Hourly Aggregated Quick Report:

Reporting Period: 08:00 - 09:00
🔥 Iran relaxes conditions for resuming talks with the U.S., new proposal shows signs of compromise
On May 2, according to The Wall Street Journal, Iran has submitted a new proposal to Washington aimed at ending the war, showing signs of compromise, with the goal of restarting negotiations to break the economic deadlock. Insiders said the new proposal moves Iran one step closer to the U.S.: it suggests discussing Tehran’s conditions for opening the Strait of Hormuz together with U.S. commitments to stop attacks and lift the blockade on Iranian ports, as the two issues would be discussed at the same time. Previously, Iran had demanded that the U.S. lift the blockade as a precondition for talks, and asked the U.S. to reach agreement in advance on terms to end the war before discussing Strait management and nuclear issues. The new proposal then proposed discussing Iran’s nuclear issue in exchange for U.S. sanctions relief. Iran has told mediators that if Washington is open, it is prepared to hold talks in Pakistan in the early days of next week.
🔥 Trump: The U.S. will not leave the Strait of Hormuz right now
On May 2, U.S. President Trump said that the U.S. currently will not “leave” the Strait of Hormuz, defending the U.S. blockade actions and calling them “very strong.” Trump said the blockade measures are working and claimed that once the war ends, energy prices will drop sharply. “After this war ends, the prices of oil, natural gas, and everything else will all crash,” he said. He also praised the U.S. stock market for hitting record highs and said that the projects during his term have been completed “on time” and “within budget.”
🔥 Trump tells Congress the Iran conflict has ended, bypassing war authorization procedures
According to The Wall Street Journal, U.S. President Trump notified Congress on Friday that hostile actions against Iran ended in April, an action intended to bypass congressional authorization. Under the 1973 War Powers Act, the president may use military force within 60 days without congressional approval, and Trump’s 60-day authority expires on May 1. The letter states that the U.S. stopped combat operations on April 7, when a temporary ceasefire was reached and later extended. If hostilities resume, the 60-day countdown would reset, an interpretation that may be challenged by Senate Democrats. Trump wrote: “Since April 7, 2026, there has been no fighting between the U.S. and Iran; the hostilities that began on February 28 have now ended.”
🔥 Ethereum Foundation sells 10,000 ETH to BitMine at an average price of $2,292
The Ethereum Foundation sold 10,000 ETH to BitMine via an OTC platform at an average price of $2,292.15.
🔥 Fed’s Bowman: Regulators need to address new technologies like Mythos
On May 2, Bowman, the top banking regulator at the Federal Reserve, said regulators must consider how to regulate new technologies such as Anthropic’s Mythos. He noted that the technology can help companies identify vulnerabilities to enhance cybersecurity, but it could also be used maliciously. Anthropic has limited the release of its latest AI model, and officials in the Trump administration have also begun assessing the threat of cyberattacks to financial stability.
🔥 OFAC warns: Paying Iran the “Strait of Hormuz passage fee” carries sanctions risk; digital assets are also included
On May 2, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a warning, saying it has noted Iran’s threats to require ships passing through the Strait of Hormuz to pay a “toll,” with payment methods including fiat currency, digital assets, offset arrangements, informal exchanges, or nominal donations to institutions such as the Iranian Red Crescent. OFAC reminded that U.S. and non-U.S. persons who pay such fees to Iran’s regime or seek passage assurances face sanctions risk, regardless of the payment method. U.S. persons and their overseas entities that they own or control are typically prohibited from engaging in transactions with the Iranian government, including transactions with Iran’s Islamic Revolutionary Guard Corps (IRGC), which has been designated as a foreign terrorist organization. U.S. persons are also not allowed to transact with sanctioned Iranian digital asset trading platforms. Non-U.S. persons who conduct unauthorized transactions with the Iranian government or IRGC may face secondary sanctions, and related financial institutions will be restricted from entering the U.S. financial system. Doing business with sanctioned Iranian digital asset platforms may also be viewed as supporting Iran’s sanctioned financial system. If the transaction causes U.S. persons to violate sanctions, non-U.S. persons may also bear civil or criminal liability.