US-Iran diplomatic developments regarding cease-fire and nuclear negotiations
Iranian Foreign Minister Abbas Araghchi announced that the Strait of Hormuz is fully open to commercial shipping for the remainder of the Lebanon cease-fire, following routes set by the Iranian Ports and Maritime Organization. This development contributed to a 10% decline in oil prices. Meanwhile, the United States and Iran are engaged in indirect negotiations mediated by Pakistan, with potential support from Egypt and Turkey. Reports suggest discussions involve a proposal for Iran to give up its enriched uranium stockpile in exchange for the release of 20 billion dollars in frozen assets. U.S. President Donald Trump expressed optimism regarding a potential deal and suggested a second round of talks could occur in Islamabad over the weekend. Despite this, senior Iranian officials and other sources note that fundamental disagreements remain, particularly regarding the duration of nuclear enrichment restrictions. President Trump indicated he might travel to Pakistan if a comprehensive agreement is reached. The current two-week cease-fire is nearing its end, and while both sides report progress, they remain cautious about the necessity of an extension.