President Donald Trump believes a potential agreement with Iran could be finalized within “a week,” Fox News’ Bret Baier said Wednesday, Anadolu reports. “Well, I I had a phone call with the president, a short time ago, and he is optimistic about this deal, this memorandum of understanding, thinks it is going to lead to things. “He’s cautiously optimistic, I should say … I asked him what the time frame would be, he puts it at a week getting everything wrapped up,” Baier said during a live news broadcast. He said “the key part” is getting the highly rich uranium out of Iran, and making sure the Strait of Hormuz is completely open. Earlier Wednesday, Trump said Iran wants to negotiate and make a deal. “We’re doing very well in Iran. It’s going very smoothly, and we’ll see what happens. They want to make a deal, they want to negotiate,” Trump said at the White House. Regional tensions have escalated since the US and Israel launched strikes against Iran on Feb. 28, triggering retaliation from Tehran against Israel as well as US allies in the Gulf, along with the closure of the Strait of Hormuz. A ceasefire took effect April 8 through Pakistani mediation, but talks in Islamabad failed to produce a lasting agreement. The truce was later extended by Trump without a set deadline. Since April 13, the US has enforced a naval blockade targeting Iranian maritime traffic in the strait. Trump announced Tuesday that the US military will temporarily pause “Project Freedom” to restore freedom of navigation for commercial shipping through the Strait of Hormuz, while he said the US blockade will remain “in full force and effect.”
President Donald Trump believes a potential agreement with Iran could be finalized within “a week,” Fox News’ Bret Baier said Wednesday, Anadolu reports. “Well, I I had a phone call with the president, a short time ago, and he is optimistic about this deal, this memorandum of und…
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A tanker identified as the Kaifan was struck by an unknown projectile northeast of Oman’s Limah in the Strait of Hormuz, according to a July 21 report from UK Maritime Trade Operations. No ships were observed transiting the strait that day. Attribution of the strike and links to prior incidents have not been confirmed by the vessel’s owner.
Goldman Sachs has projected Brent crude averaging $80 per barrel in the fourth quarter and $75 in the following year, conditional on reduced Middle East tensions, while noting upside risks from potential shipping disruptions in the Strait of Hormuz or Red Sea.
Brent prices rose above $91 per barrel amid recent U.S.-Iran exchanges and Houthi threats to Saudi shipments before edging lower on Tuesday. A senior Iranian official told Reuters that mediators had proposed a 10-day ceasefire to preserve an interim agreement.
US forces struck the tanker Settebello in the Gulf of Oman on June 10, killing three Indian crew members when munitions hit the engine room and adjacent areas. Maritime tracking data indicate the vessel had transported Iranian oil under US sanctions for several years and conducted offshore transfers prior to the strike.
The US military described the action as a precision operation, while reports note the ship was stationary at the time.
Iranian officials reported strikes on US radar and air defense sites in Kuwait and Bahrain, along with the interception of two oil tankers in the Strait of Hormuz. The United States conducted strikes on Iranian targets following the deaths of three US soldiers, with the Pentagon stating the actions aimed to degrade capabilities affecting shipping.
Houthi forces in Yemen announced plans to blockade Saudi ports, while both US and Iranian leaders issued statements on further escalation.