Iran has held fresh diplomatic discussions with Saudi Arabia and Oman over the future of the Strait of Hormuz as efforts continue to preserve a pause in hostilities with the United States, according to CNBC.
The report said Iranian Foreign Minister Seyyed Abbas Araqchi held separate calls with his Saudi and Omani counterparts, with all sides emphasizing greater regional cooperation and stability.
According to the report, financial markets welcomed the continued lull in U.S.-Iran tensions, with stocks rising and oil prices falling on hopes of a broader peace agreement.
However, security concerns remain after Saudi Arabia reported intercepting drones targeting its oil facilities, while Jordan said it had also shot down a drone.
President Donald Trump described the discussions as "good talks" but warned that U.S. military strikes would resume if negotiations fail. Iran continued to deny holding direct talks with Washington, saying messages are being exchanged through intermediaries.
Related Tweet:
President Trump says Iran is FULL OF IT, as they continue to spout off that they are no longer engaged in conversation with the U.S.
— Overton (@overton_news) July 28, 2026
KILMEADE: “But Iran has come out publicly and said we’re not talking to the U.S.”
TRUMP: “Well, they just came out and said we are talking…a… pic.twitter.com/JNQh7shk2x
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