Iran Says Diplomatic Talks with U.S. Remain Possible Amid Strait of Hormuz Negotiations

Iran's foreign minister Seyed Abbas Araghchi said on Friday that a return to diplomatic negotiations with the United States is not impossible, outlining Tehran's conditions for reopening the Strait of Hormuz. He noted that after "creative discussions" with Qatari officials, any renewed talks would depend on the U.S. recognizing that pressure alone does not work. Araghchi urged the United States to build trust, speak respectfully, acknowledge Iran's rights and uphold commitments.

The remarks came as President Donald Trump told reporters that his administration was not seeking dialogue with Iran, emphasizing a focus on an economic campaign against the regime. The U.S. recently announced an "economic D-Day" initiative aimed at pressuring Tehran and warning firms that do business with the country.

Oil markets responded modestly, with Brent crude futures slipping 0.1% to $89.63 per barrel and U.S. West Texas Intermediate down 0.5% to $83.11, as traders watched the flow of crude through the strategically vital waterway.

According to a report, the current U.S. administration has no intention of reviving the June memorandum of understanding with Iran, instead awaiting the outcome of its economic pressure strategy.