Washington and Tehran halt negotiations
Separate American and Iranian negotiations with intermediaries have concluded with both sides showing no willingness to make concessions regarding Iran's nuclear program or to de-escalate tensions in the region. Iran has taken a hardline stance and refused to negotiate over its nuclear dossier, while the Trump administration believes that control of the Strait of Hormuz allows it to avoid new negotiation proposals. Oil exports from the region have reached their highest levels since the start of the war, totaling 16.328 million barrels per day in September. Trump confirmed that he has not offered Iran sanctions relief in exchange for concessions on the nuclear issue, despite reports suggesting attempts at negotiations from Washington. The oil market has rebounded following the recovery of exports through the strait, while Iran maintains its right to develop peaceful nuclear technology amid ongoing tensions and American sanctions on the region.
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