Kpler data indicates that transits through the Strait of Hormuz decreased to six vessels on Tuesday, well below the recent daily average, amid conflicting official statements regarding the waterway's status; U.S. President Donald Trump asserted the strait is open and no negotiations with Iran are ongoing, while Iranian authorities have claimed it remains shut.

Consequently, major Chinese shipping firms report keeping tankers out of the region since late July, raising concerns about disruptions to global oil and LNG supplies, though the full extent of these logistical impacts remains under assessment.

Iran's top negotiator Mohammad Bagher Ghalibaf said on Tuesday that Strait of Hormuz will not be opened until the US meets Tehran's demands, including lifting a naval blockade. "I want to state clearly that the Strait of Hormuz will not be opened until the American commitments stipulated in the memorandum of understanding...

are implemented," Ghalibaf said in a speech broadcast on state TV. He listed the removal of the blockade, the lifting of oil sanctions and unfreezing of Iran's assets abroad among the demands. 'Tehran, Muscat Pact will help' Qatar, meanwhile,said that an agreement between Iran and Oman would make it easier to resume negotiations to end the war.

"An agreement over the Strait of Hormuz would make it much easier for us to resume the talks between the US and Iran," Qatari foreign ministry spokesman Majed Al Ansari told reporters. (You can now subscribe to our Economic Times WhatsApp channel) He listed the removal of the blockade, the lifting of oil sanctions and unfreezing of Iran's assets abroad among the demands.

'Tehran, Muscat Pact will help' Qatar, meanwhile,said that an agreement between Iran and Oman would make it easier to resume negotiations to end the war. "An agreement over the Strait of Hormuz would make it much easier for us to resume the talks between the US and Iran," Qatari foreign ministry spokesman Majed Al Ansari told reporters.

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.

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6 rioters 05:42 Current with Christine Romans Trump posts that 'no talks or conversations' are scheduled with Iran 02:46 Copied In a social media post, President Trump said that "no talks or conversations" were ongoing or are scheduled with Iran amid the ongoing conflict.

NBC News' Matt Bradley reports on the latest developments in the Middle East.Aug.