Iranian Foreign Minister Abbas Araghchi stated that his country is fully prepared to resume military action against the United States, though diplomatic efforts are still ongoing. The remarks came after US President Donald Trump publicly rejected an Iranian proposal to reopen the strategic Strait of Hormuz to commercial shipping within seven days.
An Iranian general claimed the Strait will remain closed until the US ends its economic warfare against Iran. The dispute over Hormuz has intensified tensions between the two nations, with both sides expressing firm positions. While the US has rejected the offer, Iran has not abandoned its diplomatic approach, signaling a complex and unresolved standoff.
Oil prices fell as hopes for a truce between the US and Iran grew, though traders remained concerned about potential disruptions from regional conflicts. Negotiations in New York are exploring a phased resolution, but the future of the Strait remains uncertain. The situation continues to affect global energy markets and regional stability.
The ongoing diplomatic and military standoff highlights the fragile nature of US-Iran relations, with both sides unwilling to compromise on key issues. The outcome of these talks will likely shape the geopolitical landscape in the region for the coming weeks.
