Trump says Iran war talks taking place during lull in strikes
Donald Trump reports very friendly negotiations with Iran during a pause in fighting, warning Washington will resume strikes if talks fail.
Stock photo for illustration only, not from the actual event
- Donald Trump says friendly negotiations are underway with Iran after a three-day pause in strikes.
- Warns Washington will return to previous military actions if the latest talks fail.
- Tehran denies that any direct negotiations are currently taking place.
- Oil prices dropped by over 9% to $87.59 a barrel amid de-escalation hopes.
US President Donald Trump has stated that very friendly negotiations are currently taking place regarding the conflict with Iran, following three consecutive days without any exchange of strikes between the warring sides.
However, the US leader issued a warning that Washington would go back to doing what it was doing before the pause in fighting if these latest negotiations were to fail. Meanwhile, Tehran has denied that any direct talks are actually happening.
Trump explained that he decided to pause US strikes on Iran on Friday because mediating countries asked him to give the negotiations another chance. This pause follows nearly two weeks of daily US strikes and tit-for-tat attacks that effectively unraveled the ceasefire established back in June.
Stock photo for illustration only, not from the actual event
On Monday, the price of oil fell by more than 9% to $87.59 a barrel at one point, driven by hopes that the conflict could be de-escalated. Aboard the presidential plane, Trump also dismissed media reports suggesting that US ammunition stockpiles were running low after five months of fighting.
The president stated that a lot of equipment was currently being built, specifically highlighting Patriots, which are highly valued, US-made anti-ballistic missile systems.
That system is going up. We have a lot.
Donald Trump
The conflict escalated significantly when the US and Israel launched strikes against Iran on February 28. Tehran retaliated by firing missiles and drones at US military bases in Gulf states and targets inside Israel. Although an MoU was signed in June to stop military operations and reopen the Strait of Hormuz, tensions reignited on July 13 after Iranian forces attacked tankers in the waterway, prompting Washington to resume air strikes and naval blockades.
This temporary pause highlights the fragile nature of diplomatic efforts in the Middle East. Global energy markets remain extremely sensitive to geopolitical developments in the region, as demonstrated by the immediate downward price reaction to any hint of peace talks.
Source: BBC World
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