Trump denies talks as Iran closes Strait
U.S. President Donald Trump stated that Washington is not engaging in any negotiations with Iran and that the Strait of Hormuz is open and functioning normally, contradicting previous Iranian claims about closing the strait to maritime traffic. The loss of hope in reaching an agreement to end the ongoing war, which has lasted about six months, led to rising oil prices and a decline in stock markets. Despite Trump's statements, Iran continues to threaten navigation. Additionally, two ballistic missiles were reportedly launched from Iran aimed at maritime traffic targets. The UAE has ceased trade activities with Iran due to regional escalation, amid warnings of a worsening situation in the area and military threats. Iran remains open to dialogue but insists that negotiations do not equate to surrender. Tensions over global oil passages persist, and oil prices have risen significantly since the start of the conflict.
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