Overview
- President Donald Trump said he called off a planned “massive” attack and described negotiations as starting, calling the effort Tehran’s “last chance” to reach a deal.
- Iran’s Foreign Ministry denied any talks with Washington and said the only negotiations in progress are technical talks with Oman on a temporary shipping route through the Strait of Hormuz.
- A vessel reported being struck near the strait, underscoring ongoing risks to commercial shipping even as diplomats try to broker a transit arrangement.
- Market and shipping data showed reduced traffic through Hormuz and volatile oil prices, with traders pricing the pause as temporary while the waterway’s status remains contested.
- Gulf mediators, led by Oman and supported by Saudi Arabia and other Gulf states, have repeatedly won short pauses that leave the conflict unresolved and make any wider deal on Iran’s nuclear program uncertain.