President Trump responding to questions about increasing prices: "Every American understands that Iran cannot have a nuclear weapon."

Speaking to press outside the White House, U.S. President Trump said both he and his Chinese counterpart, Xi Jinping, are looking forward to the meeting in Beijing, China and that he has spoken to President Xi in preparation for the meeting.

Fox News confirms that among other tech and industry CEOs traveling to China with U.S. President Donald J. Trump, Space X and Tesla CEO Elon Musk will also be traveling to China with President Trump.

Following what Kuwaiti authorities described as a foiled Islamic Revolutionary Guard Corps attack against Bubiyan Island, Kuwait issued a statement asserting its right to respond. The government said that “the State of Kuwait reserves its full and inherent right to self-defense in accordance with Article 51 of the United Nations Charter, and to take such measures as it deems appropriate to defend its sovereignty and protect its people and residents on its territory, in accordance with international law.”

Footage of a Ukrainian FP-2 strike drone suppressing a Russian AAA position by strafing it with air-to-ground rockets.

President Donald J. Trump has posted a couple not so subtle messages to Iran to Truth Social this morning.

New reporting from CBS News indicates that the United States and Ukraine are working towards mutually agreeable terms on a new defense deal that would allow Ukraine to export defense and military technology to the U.S. in addition to entering into agreements with American companies to manufacture drones. This builds on the assistance that Ukraine has provided to the U.S. and allies during Operation Epic Fury.

Russian milbloggers confirm that Ukrainian Hornet mid-range strike drones are causing havoc to Russian supply lines deep behind the frontline. The Russians have found that the drones are fairly jam-resistant and equipped with semi-autonomous targeting.

According to Axios, citing two U.S. officials, President Donald J. Trump is considering limited strikes against Iran in an effort to pressure Tehran into returning to nuclear negotiations. One U.S. official said Trump may “tune them up a bit,” while another remarked, “I think we all know where this is going.” According to the report, one option under consideration would involve striking roughly 25% of the targets that the United States has identified but has not yet attacked.

U.S. Secretary of Defense Pete Hegseth hosted South Korean Minister of National Defense Ahn Gyu-back at the The Pentagon in Washington today. According to a release from the United States Department of Defense, the two officials discussed increased burden-sharing with South Korea and other Indo-Pacific allies, as well as preparations for the upcoming Korea–U.S. Integrated Defense Dialogue, which is scheduled to take place later this week.

The Iranian oil tanker Sea Star III continued to burn off the port of Jask today. The vessel was hit by a US Navy airstrike late last week while at port, suffering severe damage to its aft area.

According to The Wall Street Journal, citing people familiar with the matter, the United Arab Emirates has been conducting strikes against Iran. The report states that these operations included attacks on Iran’s refinery facilities on Lavan Island shortly after the announcement of the nominal ceasefire. The Journal also reports that the United States was aware of the UAE’s involvement and quietly welcomed the participation of the UAE and potentially other Gulf states in offensive actions against Iran. The UAE has been the target of a significant number of Iranian missile and drone attacks during the conflict and has repeatedly stated that it reserves the right to respond to such attacks by any means necessary.

The Office of Foreign Assets Control (OFAC), part of the United States Department of the Treasury, has announced a new round of Iran-related sanctions targeting three Iranian individuals and nine organizations. The sanctioned entities include four based in Hong Kong, four in the United Arab Emirates, and one in Oman.

According to CBS News, citing anonymous U.S. officials, Pakistan and Afghanistan allowed Iran to reposition a number of military and civilian aircraft to their bases during the early stages of the conflict, likely to protect them from potential U.S. airstrikes. The report states that one of the aircraft moved to Nur Khan Air Force Base was Iran’s converted RC-130 Saba intelligence, surveillance, and reconnaissance aircraft. Pakistan has played a key mediating role in the ongoing, though stalled, negotiations between the United States and Iran.

Trump on the Iranian leadership: "They're very dishonorable people, the leadership. They just change their mind. I've had that in business many times. These people, you make a deal, and then they send you a document that takes five days to get there when it should've been there in 20 minutes."

Trump is considering resuming military action against Iran in order to force a deal, but will likely wait until after his China visit -US officials to Axios The action could include air strikes or restarting “Project Freedom.”

Speaking to reporters from the Oval Office, U.S. President Donald J. Trump said the issue of Taiwan will likely be discussed during his meeting this week with Chinese President Xi Jinping, adding that “it always comes up.”

"At the invitation of President Xi Jinping, President of the United States of America Donald J. Trump will pay a state visit to China from May 13 to 15." - China MFA spokesperson

U.S. oil prices surge nearly 5% after President Donald Trump says he “doesn’t like” Iran’s response to the U.S. 14-point peace proposal. - TKL

U.S. Central Command (CENTCOM) has released photos of Marines from the embarked 31st Marine Expeditionary Unit (MEU) conducting helicopter insertion training on May 8. The Marines practiced inserting from a U.S. Navy MH-60S Seahawk helicopter onto the amphibious assault ship USS Tripoli (LHA-7).