Trump says Iran talks to resume Monday after calling off planned strikes
📰 source: cnbc_topnews · 💼 business
trump said negotiations with iran will begin monday afternoon, after he called off planned strikes at the request of saudi arabia, the uae, qatar and iran. he described a deal covering the hormuz strait and iran's denuclearization as "imminent," and said the strikes he halted would have been the biggest since world war ii.
oil retreated on the diplomatic breakthrough: brent crude fell 4.6% to around $83.96 a barrel, while u.s. crude dropped 4.7% to $80.6. but shipping risks persist — the uk maritime trade operations reported an explosion near a tanker off the coast of oman at the mouth of the strait. the proposal reportedly includes reopening the strait, halting regional attacks, and the u.s. ending its naval blockade to allow iran to export oil. no deal has been reached.
separately, kuwait said it shot down iranian drones over its airspace, and iranian diplomats said talks with oman on managing future shipping through the strait are in their final stages.
why it matters: diplomatic talks and oil price drop suggest easing mideast risk, but hormuz shipping incidents keep supply disruption threat alive.
source: cnbc_topnews
sentiment: +0.50 · impact: 0.70