Progress made in Strait of Hormuz talks, Rubio says

Core Impact Points

• Iran's Foreign Ministry spokesperson Esmail Baghaei denied US-Iran negotiations, stating that the country's only current talks are with Oman to discuss the future of the Strait of Hormuz.
• President Trump claimed that negotiations with Iran would begin today, but later clarified that the talks would focus on the Hormuz Strait and the denuclearization of Iran.
• Oil prices have dropped following Trump's announcement, but remain high due to the ongoing conflict and the US and Israel's strikes against Iran.
• The US and Israel have launched strikes against Iran, leading to a war that has curtailed Gulf exports of oil and other key products.
• Iran has executed two men accused of spying for Israel, and has threatened to take 'necessary measures' after Ukraine attacked an Iranian commercial vessel in the Caspian Sea.
• The US and Israel are preparing to conduct a powerful joint bombing campaign on energy infrastructure targets in Iran, according to multiple sources.