President Trump announced a five-day suspension of military strikes against Iranian energy infrastructure. The decision follows reported productive conversations aimed at reopening the Strait of Hormuz.
However, Iran's Foreign Ministry officially denied engaging in negotiations. An Iranian source confirmed to state media that no direct or indirect communication took place with the U.S.
U.S. special envoy Steve Witkoff and Jared Kushner were identified by the President as key participants in these discussions. Trump stated earlier that strikes would commence if the waterway remained closed.
Global oil and gas prices declined immediately following the announcement. The Strait of Hormuz controls twenty percent of global oil shipments and has been effectively closed since hostilities began.