Current Affairs
U.S. and Iran in negotiations as bombing pause raises oil market concerns
President Trump announced the United States is holding "good talks" with Iran following a two-week bombing campaign suspension on Saturday. Trump warned strikes would resume if negotiations fail. Despite the ceasefire, Iran-backed groups launched drone attacks on Saudi Arabia, Jordan, and Iraq on Monday. Brent crude fell 8.2% to just below $89 per barrel. The dispute centers on control of the Strait of Hormuz, with Washington demanding free vessel passage while Iran asserts authority to supervise transit and impose fees.
