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U.S. President Donald Trump announced the continuation of talks with Iran regarding the full reopening of the Strait of Hormuz, amid escalating tensions between Washington and Tehran. Despite his statement about offering Iran a last chance to reach an agreement to end the five-month-long conflict, Iran denied the existence of any new negotiations or plans for meetings, confirming that all negotiations are currently internal and that no date has been set for any talks. Iran is betting on its ability to withstand a longer period of pressure, threatening to cause widespread economic damage, while the Americans continue to threaten military action, despite backing down multiple times in the past. The dispute over control of the Strait of Hormuz and its impact on the global oil market remains a point of contention.
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