President Trump told reporters that U.S. envoys have held talks with a senior Iranian official and claimed agreement on many key issues. Trump walked back his Monday threat to strike Iran's power plants, citing productive negotiations. Iran denied any talks have taken place, claiming Trump was trying to calm energy markets.
The reported negotiations follow Trump's ultimatum for Iran to reopen the Strait of Hormuz within 48 hours or face massive attacks. Iran had threatened to strike power plants across Israel and the Gulf if Trump followed through, causing market volatility as dramatic escalation appeared imminent. The Hormuz crisis has become a key obstacle to ending regional conflict and is driving a global energy crisis.