What happened
President Donald Trump on Monday paused until the end of the week his ultimatum for Iran to reopen the Strait of Hormuz or see its energy facilities “obliterated.” He said he was holding off because his envoys were making progress in “very, very strong talks” with a “respected” Iranian leader. Iran denied Trump’s claim, posted shortly before markets opened. “No negotiations have been held with the U.S.,” Iranian parliament speaker Mohammad Baqer Qalibaf said on social media. “Fakenews [sic] is used to manipulate the financial and oil markets and escape the quagmire in which the U.S. and Israel are trapped.” Markets did rally, but oil prices, which dipped on Trump’s suggestion of peace talks, rose again after Iran’s rebuttal.
Who said what
It wasn’t clear which Iranian official Trump was casting as the U.S.’ negotiating partner, but Trump envoy Steve Witkoff has reportedly “had direct communication” with Foreign Minister Abbas Araghchi “in recent days,” said The New York Times, citing American and Iran officials. An Israeli official and two other sources told Reuters the interlocutor was Qalibaf, though European officials said there have been “no direct negotiations” between the U.S. and Iran.
The White House is “quietly weighing” Qalibaf as a “potential partner — and even a future leader,” Politico said. Some White House allies viewed Trump’s kingmaking aspirations as “premature, even naive,” but his “interest in pinpointing a negotiating partner signals a desire to find some way out of the quagmire that Iran has quickly become.”
Trump “seized on initial contacts” with Iranian officials to “buy time to try reopen the Strait of Hormuz and to extract himself from a box of his own construction,” the Times said. But even as he “retreated from one military option, U.S. and Israeli officials said they were continuing to carry out other strikes against Iran,” and some 5,000 Marines are still headed to the region.
What next?
A “spate of diplomacy in recent days” carried out “through Middle Eastern intermediaries” has given U.S. officials “hope an agreement to settle the conflict was possible,” The Wall Street Journal said. And it “prompted early discussions about an in-person meeting in Pakistan or Turkey later this week.” Witkoff, Jared Kushner and Vice President J.D. Vance “were expected to meet Iranian officials in Islamabad this week,” Reuters said, citing a Pakistani official.
Trump has given Iran until Friday to reopen the Strait of Hormuz
