Negotiations between Washington and Tehran restart Tuesday following a pause in military exchanges near critical oil shipping lanes.
The US and Iran agreed to halt retaliatory strikes in the Strait of Hormuz and will resume technical talks in Qatar on Tuesday, according to officials. The move follows three days of escalating attacks, including Iranian strikes on US military sites in Kuwait and Bahrain, which Tehran claimed as retaliation for prior US actions. Washington reported Iranian drone and missile fire missed targets late Saturday, while Iran asserted control over the strait for the next 30 days, warning of further escalation if provoked.
Earlier negotiations stalled after the US targeted Iranian military sites in response to attacks on shipping vessels. Iran’s Foreign Minister stated any additional US strikes would worsen instability, while President Trump accused Tehran of violating a memorandum of understanding and threatened military action.
Markets reacted cautiously, with the US Dollar Index (DXY) and WTI crude prices rising amid heightened geopolitical uncertainty.