Overview
- President Donald Trump said he halted a planned ‘massive’ strike and that negotiations would resume Monday as a final chance to secure a deal.
- Iran’s Foreign Ministry rejected U.S. talks and said its engagement is limited to technical negotiations with Oman about a transit route through the Strait of Hormuz.
- Gulf mediators including Qatar and Oman reported draft language is circulating and U.S. officials expressed optimism that an interim Hormuz arrangement may be imminent.
- A vessel was struck near the strait, a reminder that attacks on shipping continue to threaten seaborne trade and raise the stakes for any agreement.
- The Strait of Hormuz carries a fifth of global oil and gas shipments, so any short-term route or reopening would ease energy market pressure but leave deeper disputes over Iran’s nuclear and regional posture unresolved.