As countries around the world try to bargain with US President Donald Trump over tariffs, longterm adversary Iran is pitching its sanctioned economy to him as an investment opportunity.

The death toll from a major explosion in Iran's most important container port of Bandar Abbas rose to at least 70, with over 1,200 injured, state media said on Monday, as firefighters battled a blaze that Iranian officials said was now under control 48 hours after the start of the fire.

The death toll has spiked sharply, with 1,000 others reported injured, according to the Associated Press, citing Iranian state TV. Of those wounded, 190 remain in hospital, said Pir Hossein Kolivand,