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Trump Reportedly Ripped Netanyahu In Phone Call, Demanded Lebanon Truce: 'You're F**king Crazy, I'm Saving Your Ass'
- Axios reports angry call between Trump and Netanyahu; Trump is said to have told Netanyahu "you’re fucking crazy’" while demanding Lebanon truce: "I’m saving your ass,"
- Trump has announced the "shooting will stop" in Lebanon, after phone calls with both sides. Says Iran talks back on "at rapid pace"; Lebanese presidency confirms Hezbollah agreed to US ceasefire proposal
- Iran announces halt to all exchanges with US, citing Israeli aggression in Lebanon. Trump says 'haven't heard' this from Tehran, vows to keep US naval blockade in place.
- Iran overnight initiated fresh attacks on neighboring Kuwait and even released video showing footage of a ballistic missile launch.
- The US bombed radar & drone sites in Iran in response to the Iranians having shot down a US drone over the weekend. Reports of foreign jets over Iranian airspace.
- Iran negotiator Ghalibaf charges US with breaking the ceasefire: "the naval blockade and escalation of war crimes in Lebanon" were "clear evidence of US noncompliance with the ceasefire."
- Trump Truth Social: "Just sit back and relax, it will all work out well in the end - it always does!"
Yes 39% · No 62%
View full market & trade on Polymarket
* * *
Trump Steamrolls Netanyahu: AxiosA bizarre and unexpected evening report from Axios says that President Trump ripped into Netanyahu during a phone call, cussing at him and essentially 'steamrolled' him - angry over breaking the Lebanon truce and demanding that Israel's military not attack Beirut.
Trump is said to have told Netanyahu "you’re fucking crazy’" while demanding Lebanon truce: "I’m saving your ass," he also reportedly said. Iran early Monday said it halted talks with Washington because of Israel's escalation in Lebanon. From the report:
One U.S. official said Trump told Netanyahu that following through on his threats to bomb the Lebanese capital would further isolate Israel around the world.
- Two of the sources said Trump claimed he'd helped keep Netanyahu out of jail — a reference to his support during Netanyahu's corruption trial.
- Summarizing Trump's remarks to Netanyahu, the U.S. official said: "You're fucking crazy. You'd be in prison if it weren't for me. I'm saving your ass. Everybody hates you now. Everybody hates Israel because of this."
- A second source briefed on the call said Trump was "pissed" and at one point yelled at Netanyahu: "What the fuck are you doing?"
And more:
The second U.S. official claimed that, in reality, Trump had "steamrolled" Netanyahu on the call. "Bibi said, 'OK, OK, just make sure everything is taken care of,'" according to the official.
The level of detail in this call 'leak' is remarkable, suggesting it was an 'official leak' or intentional.
Reports of Ongoing Fighting in South LebanonFresh reports of fighting, amid shaky truce declaration:
Sirens sound in the border community of Metula amid an apparent Hezbollah rocket attack from Lebanon.
The rocket fire comes despite US President Donald Trump announcing that Hezbollah would stop carrying out attacks on Israel amid the ceasefire.
Meanwhile, Iran claims it attacked a US container ship in the Sea of Oman (Fars News).
Lebanon Truce AffirmedThe Lebanese presidency has announced that Hezbollah agreed to a US proposal on the mutual cessation of attacks, which will expand to all Lebanese territory.
Per a regional Arab correspondent:
As we emphasized, the Israeli attack on Lebanon was obstructing the reaching of the agreement. The mediators exerted great effort today, and after the American pressure and the Israeli retreat, the doors are now open to return the negotiations to their natural and positive course, and there is no longer much left.
Iran Talks Back On?Wishful thinking or already a reality? ...following a proclaimed Lebanon truce, uneasy at best:
Trump Suggests He is Forging Lebanon CeasefireTrump has announced the "shooting will stop" in Lebanon, after a flurry of phone calls, including with Netanyahu. This came shoon on the heels of Hezbollah signaling it is ready to agree to an immediate truce. Israel too has reportedly halted plans to begin new airstrikes on Beirut.
The Lebanon crisis caused Tehran to earlier announced it is halting all contacts with the US. Will the US-Iran talks now be back on?
Trump to CNBC: 'I don't care' if talks are overTrump has shrugged off the apparent collapse of talks with Iran, after Tehran earlier said it has halted all communications with Washington over Israel's expanded assault on Lebanon and Hezbollah. Trump has freshly told CNBC by phone, "I don’t care if they’re over, honestly."
"I really don’t care. I couldn’t care less," he added, and indicated he was "going to ask" Israeli Prime Minister Benjamin Netanyahu "what’s going on with Lebanon." This suggests Trump could pressure America's ally to lower tensions.
Trump appears to be betting the US can 'outlast' the Islamic Republic, in terms of inflicting economic pain amid the growing global oil supply crisis due to the Hormuz Strait closure. On this, he reacted as follows:
He also said he wasn't worried about oil prices, which spiked following the report in Iranian state media that Tehran is vowing to “completely block” the Strait of Hormuz in addition to halting negotiations.
“I think the oil will be dropping like a rock in the very near, you know, the very near distance,” Trump said.
Trump ReactsPresident Trump tells NBC News that he's not heard from Iran on reports they're suspending talks, and on Iran, "I think we've been talking too much if you want to know the truth, going silent would be very good"
- We'll keep the blockade in Hormuz.
- I think I can wait as long as they want. They're losing a fortune.
His comments to NBC:
“It’s an appropriate thing to say, because they’re better negotiators than they are fighters,” he said in a brief phone call. “But they haven’t informed us of that.”
“It doesn’t mean we’re going to go and start dropping bombs all over there,” added Trump, who said Friday he would soon decide on a proposed deal to extend an ostensible ceasefire agreed to in early April. “We’ll keep the blockade.”
State Media: Iran Stops Exchanging Messages with USMerely last week, Western MSM press reports were touting the usual 'close to a deal' headlines, but this morning demonstrates how illusory such claims were and are, as Iranian state media now suggests a total halt in communications between the sides.
Per state Tasnim, "Iran stops exchanging messages with the US in protest against Zionist crimes." This as the IDF has sent ground forces deep into Lebanon, past the Litani River - in the deepest operation in decades. Tehran has insisted on linking up any US-Iran deal with a Israel-Lebanon peace. Tehran is now warning to "completely block the Strait of Hormuz, including the Bab al-Mandab Strait" - the latter with the cooperation of Yemen's Houthis. All of this has direct impact on the US-Iran ceasefire:
IRAN'S STATE TV SAYS PROBABILITY OF CEASEFIRE BETWEEN IRAN AND U.S. ENDING IS HIGH IF ATTACKS ON LEBANON DO NOT STOP
Below is the full translated statement:
• "The determination of the Iranian armed forces and all axes of the resistance front to respond to Zionist crimes and open new fronts".
• "Tasnim has obtained information indicating that, given the continuation of the Zionist regime's crimes in Lebanon and considering that Lebanon was one of the preconditions for the ceasefire and that this ceasefire has now been violated on all fronts, including Lebanon, the Iranian negotiating team is stopping "talks and exchange of texts through a mediator"."
• "The immediate cessation of the Zionist regime's aggressive and brutal army operations in Gaza and Lebanon and the necessity of the regime's complete withdrawal from the occupied areas in Lebanon have been emphasized by Iranian officials and negotiators, and there will be no talks until Iran and the resistance's views on this matter are met".
• "Also, the Resistance Front and Iran have set their agenda to completely block the Strait of Hormuz, and activate other fronts, including the Bab al-Mandab Strait, in order to punish the Zionists and their supporters".
Oil jumps on the headline of halted talks...
Futures slide...
Author and University of Chicago professor of the 'realist' school Robert Pape says the following on Monday published report: "We will run out of our cushion of oil inventories in July, whether it's the middle or end of July," he said. "And Iran knows that. So what Iran is doing is just stringing out the clock to get a better deal."
"What that tells me is they're not interested in returning the price of oil back to where it was before the war," he said. "I think what we need to understand is Iran's goal is to continue instability, continue elevated price of the world's oil because it gains from that."
For more, read our:
CENTCOM: Intercepted Pair of Ballistic Missiles on BaseOn Monday morning US Central Command issued its official statement and explanation over the earlier tit-for-tat brief flare-up in fighting, which appears to have ended...
"Last night at 11 p.m. ET, U.S. forces successfully intercepted two Iranian ballistic missiles targeting American forces based in Kuwait. These missiles were immediately defeated and no American personnel were harmed," it said. "U.S. Central Command remains vigilant and will continue to protect our forces from Iranian aggression while supporting the ongoing ceasefire."
Fresh Missiles on KuwaitThe extended US-Iran ceasefire is once again being severely tested, after Iran earlier in the daylight hours of Monday initiated fresh attacks on neighboring Kuwait and even released video showing footage of a ballistic missile launch. Kuwait in turn confirmed that has been intercepting inbound drone and missile fire.
It hosts a major American base, which is again being targeted, though it's unclear if anything has been hit. The IRGC subsequently identified that it targeted the US base in response to weekend US strikes on Iranian sites. According to a description of the released propaganda video:
The start of the video includes a close-up of what looks to be a sticker on the body of a missile depicting a bruised US president Donald Trump, on the phone asking for help, and overlaid on a “closed” Strait of Hormuz. The caption reads: “Until the last American soldier leaves the region.”
Iran's IRGC released footage showing the moment it launched missile attacks on what it claimed to be US airbases in Kuwait early Monday.
READ MORE: https://t.co/yRpPilUQ9S pic.twitter.com/f1Q2l5OnMu
All sides, including the Iranians and Kuwaitis, are saying they have a right to defend themselves. The United States, for its part, has said that it bombed radar and drone sites in Iran in response to the Iranians having shot down a US drone over the weekend.
Kuwait, GCC CondemnationAfter the US base in Kuwait was freshly targeted, Kuwait's Ministry of Foreign Affairs issued the following: “The Ministry of Foreign Affairs reiterates the State of Kuwait’s condemnation and denunciation, in the strongest terms, of the heinous and repeated Iranian attacks, which represent a dangerous escalation and a direct assault on the security and stability of the State of Kuwait, as well as a flagrant violation of the rules of international law, the United Nations Charter, and Security Council Resolution 2817 of 2026, not to mention the grave threat they pose to the safety of civilians and vital facilities in the country," it said in a post on X.
"The continuation and repetition of these aggressions undermine efforts aimed at de-escalating tensions and threaten security and stability in the region, emphasizing the State of Kuwait’s categorical rejection of these aggressive practices," it added.
Also, a swift reaction was issued by the Gulf Cooperation Council (GCC). It expressed its "strongest condemnation" of Iran for its attack on Kuwait, blasting it as a "dangerous and irresponsible escalation". Saying Kuwait remains a crucial part of the GCC, the bloc stated it stands "united and firm" and they fully support "all the measures and procedures it [Kuwait] takes to protect its security, preserve its sovereignty and territorial integrity, and maintain the security of its citizens and residents."
IRGC Navy seeks to flex with increasing fast boat patrols of Strait of Hormuz:
IRGC fast boats running 24/7 patrols in the Strait of Hormuz, per new footage from Iran's navy. The boats are steering commercial vessels through the waterway and intercepting any that don't follow orders. pic.twitter.com/tG5Vh71DMK
— Open Source Intel (@Osint613) June 1, 2026 Iran Latest Warnings: "The Bill Comes Due"; Ceasefire BreachedTop Iranian negotiator and parliament speaker Mohammad Bagher Ghalibaf has said that the continued American naval blockade of Iran's ports and Israel's intensifying offensive against Hezbollah in Lebanon illustrate that the US is not truly complying with the ceasefire.
He wrote on X that "the naval blockade and escalation of war crimes in Lebanon" were "clear evidence of US noncompliance with the ceasefire." He stressed by way of warning: "Every choice has a price, and the bill comes due. It will all fall into place."
As things in Lebanon intensify, given the IDF has plunged past the Litani River and plans to expand its ground force occupation. Yemen's Houthis say they are ready to join Hezbollah's efforts against Israel, per Tasnim. Iran's Foreign Ministry has also freshly addressed the Lebanon crisis:
For immediate attention:
The ceasefire between Iran and the US is unequivocally a ceasefire on all fronts, including in Lebanon.
Its violation on one front is a violation of the ceasefire on all fronts.
The US and Israel are responsible for the consequences of any violation.
More...
Iran's FM Spokesperson Baghaei: The other side keeps shifting its demands and sending contradictory messages, which is dragging out negotiations. Israel's escalation in Lebanon is aimed at destroying any chance diplomacy could work. The U.S. and Israel cannot be seen as separate.… pic.twitter.com/VFbOUwX9V2
— Open Source Intel (@Osint613) June 1, 2026 Trump: "Sit Back & Relax"Trump's latest Truth Social: "Just sit back and relax, it will all work out well in the end - it always does!"
And here's pushback from Stephen Walt in Foreign Policy magazine:
Although we don’t know the details of the rumored agreement between the United States and Iran—or even if one will eventually be reached—anyone with a triple-digit IQ understands that Israel and the United States made a colossal blunder when they started the war. None of their stated goals have been achieved: The Iranian regime did not collapse, it did not surrender its nuclear stockpile, and its missile and drone capabilities are intact. It has demonstrated that it can shut down the Strait of Hormuz anytime it wants to inflict significant damage on its neighbors. All of U.S. President Donald Trump’s and U.S. Defense Secretary Pete Hegseth’s bragging and bluster over the past three months has been exposed as a lot of hot air.
Iran Touts More Breaches of US BlockadeA total of 15 vessels, including four oil tankers, have successfully transited the Strait of Hormuz over the last 24 hours, according to the Islamic Revolutionary Guards Corps (IRGC).
The IRGC navy confirmed that the ships only completed their passage after receiving explicit permission and coordinating directly with its command structure. Washington and its Gulf allies (with the exception of Oman) have repeatedly condemned any attempt to impose an 'Iranian protocol' involving the extraction of tolls.
In an official statement carried by Fars News, the IRGC issued a stark warning to the region, declaring that any cooperation with "hostile forces" would be viewed by Tehran as an "imminent security threat" that will be "dealt with accordingly". This is tantamount to warning foreign vessels they could come under direct attack if they don't comply.
More Latest Developmentsvia Newsquawk...
- Iran may propose changes to the US peace draft memorandum of understanding, according to Tasnim. This follows a report that President Trump proposed further changes to the existing text, while a source stated that text exchanges continue and that Iran may submit its own edits.
- Iranian Foreign Minister Araghchi told state media that talks and message exchanges with the US are ongoing, and that the talks cannot be judged until a clear result is reached.
- Iranian Foreign Ministry Spokesperson said the negotiation team's visit to Qatar was positive.
- Iranian Foreign Ministry spokesperson said that they have a legal obligation to prevent aggressors from using their territory and facilities to attack another country.
- Iran’s Presidential Office denied reports that Iranian President Pezeshkian submitted his resignation to the Supreme Leader, and stated that the stories were spread by some foreign media.
- Iranian Supreme Leader’s military adviser Mohsen Rezaei said Iran has no intention of yielding or compromising with the US and will not place itself in a weak position, while he also stated that US President Trump is betraying diplomacy for the third time by continuing a naval blockade on Iran and making excessive demands.
- IRGC said following aggression of US Army on a communication tower on Sirik Island, located in the Homozgan province an hour ago, fighters of the IRGC Aerospace Force targeted airbase where aggression originated and predicted targets were destroyed.
- Iran's top negotiator said "The naval blockade and escalation of war crimes in Lebanon by the genocidal Zionist regime are clear evidence of US noncompliance with the ceasefire".
- Iranian Foreign Ministry Spokesperson said at this moment they do not believe that the US has good intentions towards Iran.
- Iran's FM Baghaei said "No negotiations have taken place on the details of the nuclear issue at this stage". One point being discussed is the allocation of funds for reconstruction. We are considering options for responding to the escalation of Israeli attacks in Lebanon.
- Iran's Baghaei said a ceasefire in Lebanon is an integral part of any agreement and end to the war; lack of trust and constant change in US and Israeli positions in Lebanon are causing a delay on the diplomatic process. The continuation of maritime piracy and attacks on Iranian shipping is an example of a violation of the ceasefire. The diplomatic apparatus is closely following developments and we will take every measure to defend Iran's sovereignty. The exchange of messages is still ongoing.
- Iran's Deputy Foreign Minister Gharibabadi said Iran's goal is not to hold ships in the Strait, but to declare a procedure that is not contrary to international law; these arrangements are not temporary and Iran will not back down. Stopping ships behind the Strait of Hormuz incurs storage and delay costs, and war insurance has increased by up to 500%. Accompanying Iranian forces costs less than war insurance and eliminates the risk of stoppage, inspection, and seizure. Iran's goal is not to hold the ships, but to declare a procedure that is not contrary to international law; these arrangements are not temporary and Iran will not back down.
- "Three consecutive explosions were heard in Bandar Abbas", Iran International reported.
- US President Trump reportedly sent tougher terms to Iran regarding the peace framework, according to officials cited by The New York Times.
- US President Trump posted "Iran really wants to make a deal, and it will be a good one for the U.S.A. and those that are with us". Full post "Iran really wants to make a deal, and it will be a good one for the U.S.A. and those that are with us. But don’t the Dumocrats, and various seemingly unpatriotic Republicans, understand that it is MUCH tougher for me to properly do my job and negotiate, when political hacks keep negatively “chirping,” at levels never seen before, over and over again, that I should move faster, or move slower, or go to war, or not go to war, or whatever. Just sit back and relax, it will all work out well in the end - It always does! President DJT".
- US President Trump posted "Fake News CNN said today, routinely, that my Iran Nuclear Deal doesn’t talk about Nuclear, when actually it states, very clearly, that Iran will not have a Nuclear Weapon". Full post "ScraperFake News CNN said today, routinely, that my Iran Nuclear Deal doesn’t talk about Nuclear, when actually it states, very clearly, that Iran will not have a Nuclear Weapon. It then goes on, in very strong and lengthy detail, to discuss various other aspects of Nuclear. In fact, that’s what most of the agreement is about. CNN, and so many others in the Fake News Media, is a Low Ratings disaster. Even with new ownership, it is unlikely to ever get better!!! President DJT".
- US Secretary of State Rubio spoke in the last 48 hours with Lebanon's President and Israel's PM to try and promote a new ceasefire initiative, according to a senior US official cited by Axios's Ravid. said:. US senior official said that the new initiative was proposed as part of the negotiations taking place between Israel and Lebanon, as another round of talks between diplomats from both sides is scheduled to take place this week in Washington. In order to advance the talks, US proposed that as a first step, Hezbollah stop all attacks on Israel, and in return, Israel will refrain from escalation in Beirut.
- US Central Command confirmed military forces conducted strikes against Iranian radar at command and control sites located in Goruk and Qeshm Island over the weekend.
- Kuwait Army said air defences are intercepting hostile missile and drone attacks.
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Tesla Posts Strong Registration Growth Across Europe In May
Tesla showed signs of regaining momentum in Europe during May, posting strong registration growth across several major markets, according to Reuters. New registrations climbed to 1,750 vehicles in Denmark (+136%), 1,690 in Spain (+113%), and 858 in Sweden (+71%), based on data released by local industry groups.
Reuters writes that the trend extended across the region. Norway recorded 3,345 Tesla registrations, up 29% from a year earlier, while France saw registrations rise to 5,446 vehicles—more than seven times last year's level.
The gains come as demand for electrified vehicles continues to strengthen across Europe. Battery-electric, plug-in hybrid, and hybrid vehicles represented more than two-thirds of all new registrations in April, with total electrified vehicle registrations increasing roughly 21%, according to ACEA.
Industry observers note that Tesla is benefiting from the overall expansion of the EV market, particularly in Scandinavia, while countries such as Spain are beginning to catch up in adoption. Consumer incentives, emissions-focused policies, and elevated fuel prices are also helping accelerate the shift toward electric mobility.
The recent improvement follows a difficult period for Tesla in Europe. The company lost a significant share of the regional market in 2025 as competition intensified—especially from Chinese manufacturers—while a limited refresh cycle and controversy surrounding CEO Elon Musk also weighed on demand. Registration figures from Germany and the UK, Europe's largest auto markets, are still to come.
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The Cost Of The Grain That Feeds Half The World Just Posted Biggest Monthly Surge Since 2008
Asian rice prices logged their biggest monthly gain in nearly two decades in May, as a Gulf energy shock collides with an expected El Niño event later this year. The spike adds to the mounting risks of a broader food price shock that could emerge as soon as six months from now.
Any time rice prices spike, it is a major concern because the grain feeds more than half the world's population, estimated at 3.5 to 4 billion people.
Thailand white rice, a regional Asian benchmark, surged 20% in May, the largest monthly increase in data going back to 2008, according to Bloomberg. Chicago rice futures rose 15% last month.
Seasonality:
BMI analyst Bin Hui Ong warned that an expected El Niño event later this year will unleash adverse weather conditions across major rice-growing belts in Asia, including hotter, drier conditions. She noted this adds further upside to rice prices in the months ahead.
It is not just the threat of a severe El Niño event on analysts' radars. There are also continued elevated diesel and fertilizer costs tied to disruptions around the Strait of Hormuz. This will further weigh on rice production yields across import-reliant Asia.
Rice farming is already highly fertilizer-intensive, while irrigation systems often depend on diesel-powered pumps.
In Vietnam's Vinh Long province, a farmer told Bloomberg that he plans to skip one of his usual three annual crops due to rising input costs and extreme heat.
Fertilizer prices in Thailand, Cambodia, and the Philippines have soared by nearly 50% since late February, according to the International Rice Research Institute.
The Philippines has warned that a strong El Niño could cut rice production by up to 700,000 tons, or 3.5% of its annual production target.
Already, the United Nations Food and Agriculture Organization's FAO Food Price Index, which tracks monthly changes in the international prices of a basket of globally traded food commodities, is trending upward and risks a further leg higher.
Alexandra Prokopenko, a fellow at the Carnegie Russia Eurasia Center, warned in mid-March that disruptions to the Strait of Hormuz would spark shortages of energy and fertilizers, translating into higher food prices in "six to nine months from now."
Related:
-
We Are 6 Months From Global Food Shortages Because Farmers Are Facing A Quadruple Whammy Crisis
-
Everyone Talks About The Cost Of Gasoline... Soon Everyone Will Be Talking About The Cost Of Food
Last month, ZeroHedge Debates held a roundtable to ask: How bad will the food inflation mess get?
View here:
Visual Capitalist's Dorothy Neufeld outlined where food inflation is expected to hit the hardest, on a country-by-country level, this year (see report)
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Potential Offshore Strike In Norway Could Add Fresh Uncertainty To Global Energy Markets As Wage Talks Collapse
By Michael Kern of OilPrice.com
A potential strike over wages could threaten smooth operations offshore Norway, Western Europe's top oil and gas producer, at a time when the world is scrambling for oil and gas supply amid the Middle East crisis.
Almost 8% of oil and gas workers offshore Norway could go on a strike from June 5 if trade union negotiations with industry fail to reach an agreement in a government-brokered mediation process, according to data from the labor unions on Monday.
More than 600 workers out of about 8,100 in total offshore Norway could begin a strike later this week, Reuters reported on Monday, citing the office of the government-appointed mediator.
Negotiations between the offshore industry and the workers organized in the Styrke, Lederne, and Safe trade unions continue.
At the end of last week, talks between Offshore Norway, which represents the oil industry in the wage talks, and the unions broke down.
Offshore Norway and the trade union Styrke held negotiations on May 27 on the onshore base agreements, which cover approximately 875 employees at supply bases along the Norwegian coast. But they failed to reach agreement on a new collective agreement for supply base employees.
“By evening, the parties remained too far apart, and the negotiations ended in a breakdown,” Offshore Norway said last Thursday, citing disagreements over advance payment of sickness benefits, parental benefits, and care benefits.
While talks continue, the possibility of a strike is looming over the oil and gas operations offshore Norway. It’s not clear how a strike would affect Norway’s oil and gas output, if at all.
Norway produces more than 4 million barrels of oil equivalent per day, with oil and gas nearly equally divided at 2 million boepd each. Norway is shipping crude as far as Asia, which struggles without a large part of the Middle Eastern supply. Norway is also Europe’s single biggest gas supplier, having replaced Russia in 2022 when Putin invaded Ukraine.
Tyler Durden Tue, 06/02/2026 - 03:30