Iran's chief negotiator accuses Trump of 'theater diplomacy' with Hormuz traffic near standstill
The conflict is broadening across the region, with Gulf energy infrastructure and key shipping chokepoints under renewed threat.
Iran's chief negotiator, Mohammad Bagher Ghalibaf, has criticized the United States' approach to resolving tensions with Tehran as "theater diplomacy." The Iranian parliament speaker made the remarks after President Donald Trump canceled planned strikes and claimed a preliminary deal had been reached with Iran. Iran, however, denies any ongoing negotiations.
The impasse has escalated into a wider regional conflict, threatening key energy infrastructure and shipping routes. Saudi Arabia, in particular, is bracing for potential attacks from Iraqi militia groups allied with Iran-backed Houthis. Intelligence reports suggest these groups are preparing strikes on Saudi soil under the guidance of Iran's Islamic Revolutionary Guard Corps.
Shipments through the Strait of Hormuz and Bab el-Mandeb have dropped significantly in recent days, with only two vessels passing through Hormuz on Wednesday. Under a proposed agreement, Iran and Oman aim to manage traffic through the Strait of Hormuz, barring U.S. and Israeli ships until compensations are paid. Iran also plans to impose penalties up to 20% of cargo value for violations.
Oil prices surged following Iran's hardening stance, with Brent crude futures rising 1.3% to $83.55 a barrel. Trump denied U.S. munitions stocks were depleted, but acknowledged certain weapons are in tighter supply.
Written by urgent.news from CNBC World's reporting — not their text. Machine-written; read the original for the full account.
