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Iran hosts Hormuz calls with Saudi Arabia, Oman as Trump hails ‘good talks’

📰 source: cnbc_topnews · 💼 business

iran held phone calls with saudi arabia and oman on tuesday about the strait of hormuz, according to its foreign ministry. foreign minister seyyed abbas araqchi spoke with saudi's faisal bin farhan and oman's badr al-busaidi, stressing cooperation and joint diplomatic efforts to counter us 'aggressive actions' in the strait.

the talks come as a pause in us-iran hostilities holds after two weeks of strikes ended friday. markets rallied and oil prices fell monday on hopes for a lasting peace. but other tensions persist: saudi intercepted drones allegedly from iran-backed iraqi militias, though houthis claimed the attack, and jordan downed a drone overnight.

trump hailed 'good talks' with iran but threatened to resume strikes if no progress. iran denies direct negotiations but says messages are exchanged via intermediaries.

why it matters: hormuz talks and pause in us-iran strikes ease oil supply fears, but military actions elsewhere keep geopolitical risk elevated.

source: cnbc_topnews
sentiment: +0.30 · impact: 0.70

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