According to Iranian security officials, Tehran has outlined conditions for reopening the Strait of Hormuz, including US compensation and an end to regional conflicts, while a senior official stated that Iran and Oman are still finalizing details for a joint shipping corridor.

These statements contrast with President Trump's assertion that the waterway remains open and is facilitating significant daily oil shipments, despite ongoing tensions.

Iranian Foreign Minister Abbas Araghchi and his Qatari counterpart, Sheikh Mohammed bin Abdulrahman Al Thani, met in Tehran to discuss de-escalation and security in the Strait of Hormuz. While Al Thani stated that the talks focused on dialogue and respecting freedom of navigation, the context remains unclear as previous diplomatic agreements between the U.

S. and Iran have reportedly collapsed amid ongoing regional tensions.

On June 30, 2026, it was reported that President Donald Trump designated Jared Kushner and envoy Steve Witkoff to lead the U.S. negotiation team, though the specific diplomatic objectives of this delegation remain unverified.

U.S. Treasury Secretary Scott Bessent stated that he believes the suspension of sanctions on Iran will benefit the U.S. economy in the long term. He also commented that he had expected oil prices to rise more significantly.