Trump's final Iran effort faces questions amid steady oil

The article discusses the escalating diplomatic tensions between the United States and Iran regarding the potential reopening of the Strait of Hormuz. U.S. President Donald Trump announced that his latest proposal for dialogue represents Iran's "last chance" to reach an agreement. There are also reports of progress in talks with Oman to increase vessel transit through the strait. Meanwhile, Iran rejected the idea of any direct negotiations with Washington but has made advances with Oman in improving shipping traffic. On the oil front, prices increased by 1.5% amid heightened tensions in the Middle East, with Brent crude reaching $85 per barrel. Gold prices remained within a limited range as markets awaited economic data.

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