Trump says new Iran negotiations starting: What we know

Core Impact Points

• US President Donald Trump announced new Iran negotiations starting, citing an imminent agreement on the Hormuz Strait and denuclearization.
• Iranian officials have expressed skepticism about direct talks, with the Iranian Ministry of Foreign Affairs spokesman stating they will not host a delegation or be guests of a country during these days.
• The development has significant implications for the global oil market and US economy, with oil prices falling by over $4 a barrel after Trump called off planned attacks on Iran's infrastructure.
• Analysts believe a deal on the Strait of Hormuz is achievable, but a fuller peace agreement on Iran's nuclear program and other issues remains far more elusive.
• US officials have made it clear they are still prepared to launch more attacks on Iran, with US Secretary of Defense Pete Hegseth repeating Trump's claim that the Pentagon was ready to attack Iran at 'levels not seen since World War II'.
• Iran has been holding talks with Oman for the past seven to eight days, with some progress achieved on agreeing on a new route through the Strait of Hormuz.