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US and Iran pause strikes but disagree over next steps on talks

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Sincity Press Brief

President Donald Trump has tried to preserve an increasingly fragile interim deal as hostilities have mounted in recent days in the Strait of Hormuz

DUBAI, United Arab Emirates — President Donald Trump said Monday connected societal media that Iran had requested a gathering with U.S. counterparts, though 1 of Iran’s apical negotiators said nary further talks had been scheduled aft attacks crossed the Persian Gulf implicit the play challenged negotiations to extremity the war.

The U.S. president has tried to sphere an progressively fragile interim woody arsenic hostilities person mounted successful caller days successful the Strait of Hormuz, done which a 5th of the world’s lipid had been shipped earlier warfare began. Monday marked the archetypal clip some sides appeared to intermission aft 4 days of trading attacks.

Trump said the gathering with Iran would hap connected Tuesday successful Doha, Qatar. But Kazem Gharibabadi, a elder negotiator for Iran, denied immoderate talks had been scheduled.

The U.S. and Iran agreed to a woody this period that calls for Tehran to dilute its stockpile of enriched uranium, and waives U.S.-backed sanctions connected the state portion opening the Strait of Hormuz and giving each broadside 60 days to hammer retired broader agreements.

Oil prices fell sharply aft the signing of the interim deal, but if they were to reverse people successful a meaningful mode it could undermine Trump’s claims to voters up of November elections that ostentation was easing.

Earlier connected Monday, Iran’s president said that $6 cardinal successful frozen Iranian assets would beryllium released by Qatar. Masoud Pezeshkian’s notation of the funds appeared aimed astatine selling the Iranian nationalist connected the interim deal, peculiarly arsenic its grip connected the strait has been tested.

Increased hostility successful waterway captious to satellite vigor supplies

During the warfare that began Feb. 28, Iran’s attacks and threats stopped cargo ships and tankers from moving done the Strait of Hormuz, creating a planetary vigor crisis.

In caller days, Iran has doubly attacked vessels successful the strait pursuing efforts to unfastened Oman’s territorial waters to some inbound and outbound postulation from the Persian Gulf.

The attacks drew retaliatory American airstrikes and raised concerns that negotiations to scope a ceremonial extremity to the warfare could beryllium disrupted. Iran launched drone and rocket attacks targeting Bahrain and Kuwait connected Sunday.

Iran and Oman held a gathering astir the strait Monday successful Oman.

The strait has agelong been considered an planetary waterway contempt its determination successful Iran and Oman’s territorial waters.

Pezeshkian says $6 cardinal coming to Iran

Pezeshkian offered praise for the interim woody successful comments published Monday by the state-run IRNA quality agency, calling it “a large triumph for the Iranian people.”

“Based connected the plans made, $6 cardinal retired of the full $12 cardinal of Iranian resources successful Qatar volition beryllium released and returned to the country, and indispensable follow-ups are being carried out,” helium said. He did not elaborate.

Pezeshkian, a reformist wrong Iran’s theocracy, is the highest-ranking authoritative wrong Iran to notation the merchandise of the funds held by Qatar, a cardinal mediator on with Pakistan successful the negotiations. So far, U.S. officials accidental nary frozen Iranian assets person been released. Qatar arsenic good arsenic has not acknowledged immoderate specified transportation and Iran attacked a tanker filled with Qatari crude lipid this play during the crossfire successful the Persian Gulf.

Confusion mounts implicit adjacent circular of Iran-US talks

Pakistan, a cardinal mediator, has said talks would resume Tuesday. The Trump medication connected Sunday said thing has been canceled and method talks are connected way for the coming days.

Gharibabadi, the Iranian negotiator, formed uncertainty connected the gathering successful comments published by IRNA.

“Although consultations with Qatar, including connected pursuing up connected the implementation of the different side’s commitments, are continuing arsenic usual, reports by immoderate media astir method talks by the moving groups being held successful Doha are not confirmed,” helium said.

Technical talks impact lower-level diplomats moving connected the specifics of immoderate woody that would gully apical leaders from Iran and the U.S. backmost to the table.

Trump touts falling lipid prices

Trump celebrated connected Monday greeting that U.S. lipid futures were trading astatine astir $69 a barrel, a alteration that helium credited to the interim woody with Iran.

Even though the president has antecedently said lipid prices and home governmental concerns were not influencing his attack to Iran, Trump has repeatedly focused connected little lipid prices with the reopening of the Strait of Hormuz arsenic a cardinal victory.

The president falsely claimed that lipid prices astatine $69 a tube are little than they were earlier the war.

Oil futures successful the U.S. were trading astatine a scope of astir $65 to $66 earlier the warfare began successful precocious February.

Brent crude, the planetary modular was trading astatine $73.25 a barrel. It sold for astir $72 a tube earlier the warfare began, and roseate supra $126 per tube successful April.

Boak reported from Washington. Associated Press writers Nasser Karimi and Amir Vahdat successful Tehran, Iran, contributed to this report.

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