Shipping data indicates a reduction in vessel traffic through the Strait of Hormuz and Bab al-Mandeb amid security concerns, with Chinese shipping firms reportedly halting operations in these waters since late July. While US President Donald Trump stated the strait was open and denied ongoing talks with Iran, Iranian authorities maintain that it remains blocked to shipping.

Bitcoin prices rose in contrast to U.S. stock indices, with the S&P 500 rebounding from its lowest level since August 4. This divergence followed President Trump’s social media assertions that the Strait of Hormuz is fully operational and free of mines, which contradicted earlier reports of a naval blockade and territorial disputes with Iran.

Market data showed WTI crude oil remaining relatively stable, while 30-year U.S. Treasury yields reached 5.34%, a level not seen since January 2007.

US President Donald Trump stated on Truth Social that no discussions with Iran are currently underway or scheduled, and asserted that the naval blockade of the Strait of Hormuz remains "in full force and effect." He provided no further details regarding future diplomatic engagement or specific US policy changes.

These remarks follow heightened tensions between the two nations and renewed scrutiny of security in the critical oil shipping route.

Iranian Foreign Minister Abbas Araghchi said Tuesday that Iran had “won both the war and diplomacy,” claiming those who initially sought Tehran’s “unconditional surrender” later sought negotiations. Speaking at an event, Araghchi said Iran resisted for days against what he described as “the world’s largest apparent military,” alongside another army claiming military power and with the support of nearly all Western countries and some other states inside and outside the region, according to the Tasnim news agency.

“Those who were seeking unconditional surrender, shortly after the war began, begged for negotiations,” Araghchi said. He claimed Tehran initially rejected a ceasefire and continued fighting until reaching a point where the other side accepted a ceasefire and negotiations “on Iran’s terms.

” “We fought with strength, and we negotiated with strength,” he said, adding that many foreign ministers had told him: “You won both the war and diplomacy.” Araghchi’s remarks came after US President Donald Trump called on Iran on Monday to give up and “raise the white flag.