U.S. President Donald Trump announced that a new round of negotiations between Tehran and Washington will begin on Monday. His remarks came hours after he announced the cancellation of planned military strikes against Iran.
Speaking to reporters aboard Air Force One on Sunday evening, Trump said that they don’t want to be attacked, and they were aware of the scope of the attack. We are now in talks, and negotiations begin Monday afternoon.
He also claimed that an agreement had been reached regarding the Strait of Hormuz and expressed hope that a deal on Iran’s nuclear program would also be achieved.
At the same time, reports indicate intensive consultations among the foreign ministers of Iran, Saudi Arabia, Pakistan, Qatar, and Jordan. The discussions appear to be centered on the negotiation process between Tehran and Washington.
Oil Market Reaction
Trump’s remarks about canceling the strikes and resuming negotiations triggered an immediate reaction in global markets. U.S. crude oil prices fell 5% to $80.79 per barrel, while Brent crude also declined 5% to trade at $83.87 per barrel.
Araghchi: Negotiations with Oman are in the final stages
Abbas Araghchi, the Iranian regime’s foreign minister, announced that negotiations between Tehran and Muscat regarding the Strait of Hormuz are nearing completion and are in their final stages.
At the beginning of the cabinet meeting, he presented a report on the latest status of the negotiations and said the talks had made significant progress.
Meanwhile, Esmaeil Baghaei, spokesperson for the Iranian regime’s Foreign Ministry, explained that the negotiations between Iran and Oman are focused on establishing a designated corridor and route for ships transiting the Strait of Hormuz between the Persian Gulf and the Gulf of Oman.
According to Baghaei, Tehran believes the southern route through the Strait of Hormuz, which lies in Omani waters, has contributed to regional insecurity and harmed Iran’s national interests, making it unacceptable to the Iranian regime. He added that the agreed route would be neither the current northern route nor the existing southern route, but rather a new route to be agreed upon by the two countries.
Baghaei also stressed that this understanding is unrelated to whether the Strait of Hormuz remains open or closed. He said any potential closure of the waterway would result from what he called “America’s violation of its commitments and the imposition of a blockade,” and emphasized that the agreement with Oman is only one of the prerequisites for reopening the Strait of Hormuz, not a sufficient condition.
According to the report, under the proposed agreement between Iran and Oman, ships would enter the Strait of Hormuz through a route controlled by Iran and exit through Omani waters.
Trump had previously stated that, following requests from Iran and several countries in the region, he agreed to cancel the attack on Iran on the condition that the parties reach an agreement as quickly as possible. He also wrote on his social media platform that an initial agreement had been reached on a general framework, including the immediate, full, and complete reopening of the Strait of Hormuz.
