President Donald Trump stated on Tuesday that the 7 month war will end "very soon" and lead to tumbling oil prices, though he reiterated that Iran will not obtain a nuclear weapon. This diplomatic push follows threats from Iranian Parliament Speaker Mohammad Bagher Ghalibaf, who warned that regional energy infrastructure and oil exports would be at risk if Tehran's own security is not guaranteed. Qatar is currently relaying messages between the two governments to break the deadlock.
Tuesday, October 20, 2026
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Mediators Propose Hormuz Access for Eased US Port Blockade
Commodities21 days ago
Negotiators delivered a revised framework to Tehran on Tuesday as part of an effort to resolve the conflict between Washington and Iran. Under the proposed interim agreement, Iran would permit the free movement of maritime traffic through the Strait of Hormuz in exchange for a reduction of the US blockade of Iranian ports, according to two officials briefed on the matter. The parties are still debating the sequencing of the deal's implementation steps to avoid a collapse of the talks.
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