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Summary
• Trump claims Iran wants talks; Tehran again denies any US negotiations.
• Trump says Gulf allies halted planned US strikes in favor of diplomacy.
• Iran says Hormuz talks with Oman are progressing, but US actions remain the obstacle.
• Oil prices still falling on optimism over Hormuz negotiations & uptick in transit.
• Tehran is betting it can outlast Trump by raising the costs of confrontation.
Trump: Looking for Solution 'Caused' by Iran
President Trump on Monday issued a new Truth Social, perhaps trying to explain his latest weekend TACO move, accusing Iran's leadership of being "unbelievably duplicitous," claiming Tehran privately sought and sheduled talks while publicly insisting it is only dealing with Oman. He asserted that the Strait of Hormuz is already "completely controlled by the United States Navy" through what he called the "United States Wall of Steel," adding that "nothing gets through to Iran" unless Washington allows it. Trump also insisted discussions toward a resolution are underway despite Iranian denials, while reiterating his bottom line: "IRAN WILL NEVER HAVE A NUCLEAR WEAPON!"
