Iranian Overseas Minister Abbas Araghchi speaks throughout a press convention held on the Ministry of Inside in Tehran, Iran, on Aug. 8, 2026, on the event of Nationwide Journalists’ Day.
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Iranian Overseas Minister Abbas Araghchi stated Tehran shouldn’t be at the moment in direct talks with the U.S. to finish the battle with Iran and open the Strait of Hormuz, regardless of Washington’s assertions {that a} deal is close to.
A short hiatus in preventing between the U.S. and Iran after a June 17 memorandum of understanding has been adopted by weeks of Iranian drone and missile assaults on transport within the strait and neighboring Gulf international locations, in addition to counterstrikes by the U.S. on Iranian targets.
Araghchi stated Sunday that his nation is not partaking in talks with the U.S., however added that “messages are being exchanged by means of intermediaries,” based on information company Mehr. Araghchi additionally reportedly stated that if Iran strikes a take care of Oman to safe a commerce route by means of the strait, the U.S. nonetheless should meet Tehran’s situations to reopen the strait.
“Talks with Oman don’t imply the Strait of Hormuz can be reopened. An settlement could also be reached, however reopening the strait will depend on different situations conveyed by means of intermediaries,” Araghchi was quoted as saying.
Oman has been a key interlocutor, particularly on the thorny subject of the strait, an important gateway for a couple of fifth of the world’s power provides.
Iran’s overseas minister stated a day earlier that Tehran and Oman, which border the waterway, had been near reaching an settlement on navigation, “particularly the willpower of a transit route.”
U.S. President Donald Trump stated in a Sunday interview with Axios that Washington is “low keying it” in negotiations with Iran.
“We’re solely semi-negotiating with them. We’re simply watching Iran with its big inflation and the very fact they haven’t any cash,” the president stated. “It would work out. It all the time works out. It is like a chess recreation.”
U.S. Treasury Secretary Scott Bessent informed CNBC on Tuesday that an settlement to open Hormuz with freedom of motion may come as quickly as Wednesday. President Donald Trump and Secretary of State Marco Rubio had additionally indicated that an settlement was imminent.
Sweeping calls for
On Saturday, Iran laid out sweeping calls for to the U.S. for reopening the Strait of Hormuz, based on media studies.
The Secretary of Iran’s Supreme Nationwide Safety Council, Mohammad Bagher Zolghadr, stated reopening the strait would require Washington to raise its naval blockade and sanctions, withdraw U.S. navy forces from the area, pay battle reparations, and launch frozen Iranian property.
The council additionally referred to as for an finish to U.S. assaults on Iran’s regional allies and to threats towards Iran, based on the studies.
CNBC has not independently verified the calls for. The White Home didn’t reply to a request for remark.
In keeping with the interim deal signed in June between the usand Iran, a schedule to finish sanctions and a compensation plan can be a part of the ultimate deal, as would negotiations to deal with frozen property. The tip of a 60-day interval agreed to barter a closing deal will are available in simply over every week.
Iran and Oman are engaged on an settlement to outline transit routes by means of the strait, based on media studies. Inbound site visitors would transit Iranian waters whereas outbound site visitors would undergo Omani waters.
However Iranian state media printed a draft plan Thursday that might prohibit site visitors by means of Hormuz. The plan is below overview by Iran’s parliament, based on the state outlet Fars.
Beneath the draft plan, Iran would ban U.S. and Israeli ships from transiting the Strait. Different nations which have harmed Iran wouldn’t be allowed to transit till compensation is paid, based on the draft.
Oil costs rose Friday as buyers waited for an settlement. Ship site visitors by means of Hormuz was down 33% on Friday in comparison with the day prior, with most vessels utilizing the Iranian route, based on the commerce intelligence agency Kpler.
Brent crude futures, the worldwide benchmark, gained greater than 1% to shut at $83.55 a barrel. U.S. West Texas Intermediate superior about 1% to settle at $78.18 per barrel. Costs fell greater than 7% for the week.
JIZAN, SAUDI ARABIA – 26 JULY 2026: A satellite tv for pc view of smoke plumes rising from Saudi Aramco’s refinery complicated and oil terminals in Jazan/Jizan, Saudi Arabia, after coordinated Houthi strikes launched from Yemen. Imaged 26 July 2026. (Photograph by Gallo Pictures/Orbital Horizon/Copernicus Sentinel Knowledge 2026)
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Houthi assault on Aramco
Firefighters extinguished a blaze at a refinery belonging to Saudi Arabian oil large Aramco early Sunday, the nation’s authorities stated. Iran-backed Houthi rebels in Yemen reportedly claimed duty for attacking the power.
“The competent authorities are finishing the mandatory procedures to take care of the incident” on the Saudi Aramco refinery in Jazan, Saudi Arabia’s Ministry of Vitality stated in a assertion on X, including that nobody was injured. The assertion didn’t say what induced the hearth.
Iran-backed Houthis reportedly stated they carried out a drone strike on the power.
“Yemen’s Armed Forces stated they hit Saudi Arabia’s Aramco refinery in Jizan on Sunday, describing the drone strike as exact and carried out in response to Saudi drone violations of Yemeni airspace,” Iranian state-backed information company Mehr stated in a put up on X.
CNBC has not independently verified the declare. The Houthis have claimed duty for a lot of assaults on the Saudi Aramco facility because the begin of the battle.
— CNBC’s Tanaya Macheel contributed to this story.
