U.S. President Donald Trump says Iran has a "last chance" to sign what he described as "a good document", claiming talks are continuing at Tehran's request with backing from Saudi Arabia, the UAE and Qatar.
Oil prices fell sharply and global stock markets rose after U.S. President Donald Trump said talks with Iran were under way and delayed a fresh military strike, raising hopes of a diplomatic breakthrough.
Brent crude dropped 7%, while the Dow Jones closed at a record high, although Tehran denied any negotiations were taking place.
U.S. President Donald Trump said he wants to give Iran "every last chance" to reach an agreement, while warning that tougher measures remain an option if diplomacy fails.
Speaking on Monday, Trump said he hopes Tehran will reconsider its position and engage constructively in ongoing discussions.
"Hopefully Iran will come to their senses," Trump said, adding that he wants to give the country "every last chance" before what he described as "decapitation."
U.S. President Donald Trump on Monday criticised major oil companies, including Chevron and Exxon Mobil, saying he was unhappy with the level of profits being generated as rising tensions with Iran push energy prices higher.
Speaking to reporters, Trump urged the industry to help keep fuel costs under control amid volatility in global oil markets.
"I don't like it," Trump said when asked about oil companies benefiting from higher prices.
U.S. President Donald Trump said negotiations with Iran are continuing despite Tehran's public denials, describing the current diplomatic effort as a final opportunity for Iran to reach an agreement.
Speaking to reporters on Monday, Trump said talks were taking place "right now" and claimed the discussions were being held at the request of Iran, as well as regional countries including Saudi Arabia, the United Arab Emirates and Qatar.
"This is a last chance for them to sign a good document," Trump said, referring to Iran.
The president also said the conflict with Iran was "working out very well" and reiterated that diplomatic contacts remain active. His comments came hours after he criticised Iran's leadership for what he described as sending mixed messages about whether talks with Washington are taking place.
U.S. President Donald Trump accused Iran of sending contradictory signals over negotiations, saying Tehran has privately sought talks while publicly denying that discussions with Washington are taking place.
In a post on social media, Trump said contacts between the two sides were continuing and insisted the United States remains in control of maritime access to Iran through its blockade operations.
He also repeated Washington's position that Iran must never obtain a nuclear weapon, saying the U.S. would continue pursuing either a negotiated agreement or what he described as Iran's "total surrender."
The remarks come amid ongoing tensions over the Strait of Hormuz, regional security and efforts to revive diplomatic engagement between Washington and Tehran.
Iran has been discussing with Oman creating a new route through the Strait of Hormuz that would be one path with entry and exit lanes, Iran's Foreign Ministry Spokesperson Esmaeil Baghaei said in a televised press conference.
Iran has said it is in negotiations with Oman, not the U.S., over the management of shipping through the Strait of Hormuz, a spokesperson from Tehran's Foreign Ministry has said at a briefing attended by AnewZ correspondent Touraj Shiralilou.
Iranian Foreign Ministry Spokesperson Esmaeil Baghaei said that as long as Washington continued its naval blockade of Iran’s southern ports, there would be no change to the deadlock over reopening the waterway.
Baghaei added that he welcomes China's mediation efforts, but said Pakistan remained the main channel for talks between Tehran and Washington.
U.S. Central Command, which is responsible for the American military's operations in the Middle East, has sought new ideas for how to deal with Iran in an email to a range of military analysts, CNN has reported.
The request, which purportedly came from a senior officer in the U.S. military, asked for "new, creative and uncoventional" ways to pressure and punish the country.
Oil prices fell and global markets were mixed on Monday after U.S. President Donald Trump said talks with Iran would begin later on Monday, raising hopes of easing tensions in the Middle East.
Two Saudi oil tankers crossed the Bab el-Mandeb Strait over the weekend, despite the Houthis' maritime embargo on Saudi Arabia. Shipping data also showed traffic through the Strait of Hormuz slowed after reports of vessel attacks, highlighting continued disruption to key global energy routes.
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U.S. President Donald Trump said Iran was not ready to make what he called the "right deal" with Washington as tensions persisted over the war and the Strait of Hormuz.
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
U.S. President Donald Trump said Iran was not ready to make what he called the "right deal" with Washington as tensions persisted over the war and the Strait of Hormuz.
Iran has condemned new U.S. sanctions as “economic terrorism” and “crimes against humanity”, accusing Washington of pursuing a decades-long policy of hostility. Tehran said the measures would not weaken its resolve to defend its sovereignty and national interests.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
The United Arab Emirates suspended all trade and financial transactions with Iran on Tuesday after saying Iranian missiles had targeted maritime navigation in the Gulf.
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