US-Iran attacks have remained paused, and oil prices have extended their declines, as President Trump has claimed Tehran and Washington are now having "very friendly talks" while at the same time suggesting negotiations might not be prolonged.
"We are in very deep talks with Iran. If they don't work out, we will go back to very strong military action," Trump told Axios, as we highlighted previously. But possibly the most promising development in terms of an off-ramp is that Oman has presented Iran with a plan backed by Gulf states to manage the Strait of Hormuz.
This would reportedly include including collecting voluntary fees for using it, according to sources who spoke to Reuters Tuesday. The report notes that "The plan could serve as a basis to end the disruption to trade through the strait caused by the U.S.-Israeli war on Iran."
via ReutersHowever, this also to some degree represents the stalemated situation going back to square one, given the United States has consistently and vehemently opposed any fees being collected that would go to Iran. An immediate response from Tehran on the proposal has not been forthcoming, and talks could drag on for days related to the Oman plan. Already Tehran is adding some strict conditions regarding frozen or seized Iranian assets abroad, per Bloomberg citing state media:
"Any company or country that receives funds from Iranian assets will not be allowed to pass through the strait," READ MORE AT SOURCE »
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