Overview
- President Trump, in posts on Wednesday, said Iran will halt uranium enrichment and that the U.S. will work with Tehran to dig up and remove deeply buried nuclear material tracked by satellite.
- A two-week ceasefire announced Tuesday paused planned U.S. strikes and set up negotiations in Islamabad, with Pakistan hosting delegations from both sides.
- Iran has not confirmed cooperation on the nuclear-removal plan and officials rejected Trump’s claim that the truce required fully reopening the Strait of Hormuz.
- Trump warned that any country selling weapons to Iran will face a 50% tariff on all exports to the U.S., a sweeping threat with unclear enforcement and possible trade fallout.
- Oil prices fell on the de-escalation news and shipping risks could ease if talks hold, though any breakdown would again threaten energy flows through the critical Hormuz strait.