Iran says it is in talks with Oman but not the US after Trump says negotiations to resume

What Happened

US President Donald Trump announced that new talks with Iran would begin on Monday, claiming he had called off 'massive' strikes on the country after Iran and US allies in the Middle East asked him to 'hold off'. In a Truth Social post, Trump said the 'perimeters' of a deal had been agreed. Iran's semi-official Mehr news agency denied Tehran had made such a request, calling Trump's claim a lie. Iranian Foreign Minister Abbas Araghchi told Iranian media that negotiations with Oman on a Strait of Hormuz agreement were 'on track for finalisation'. Global oil prices fell following Trump's remarks, with Brent Crude down 4.5% to $83.98 and US-traded oil down 4.6% to $80.74; around 20% of the world's crude oil and LNG transits the strait. Trump declined to specify a venue or attendees for the talks.

Key Actors

Why It Matters

The announcement signals a potential de-escalation in US-Iran tensions, which had recently raised fears of a direct military confrontation that could disrupt the Strait of Hormuz, a chokepoint for roughly 20% of global crude oil and LNG shipments. Conflicting narratives—Trump's claim of a near-deal and Iran's denial of requesting a halt—underscore the volatility and trust deficit in any negotiations, with direct implications for energy markets and regional security.

Watch For

Whether negotiations commence on Monday as Trump stated, and if so, their venue and participants. Official Iranian government confirmation or denial beyond Mehr's statement. Details of any Strait of Hormuz agreement, including Oman's role. IAEA involvement or nuclear deal progress. Oil price movements and tanker traffic through Hormuz.