The world keeps waiting on diplomacy to work its magic between Iran and the U.S., but it may have to wait a little longer. Talks began yesterday, amid tensions: Iran had briefly closed the Strait of Hormuz, and Trump issued threats of renewed strikes if Iran pursued nuclear weapons or supported Hezbollah. Vance emphasized diplomacy and an outstretched hand while stressing U.S. red lines. That’s the infamous “carrot and stick” American strategy. Sessions lasted into the night, involving bilateral and trilateral meetings. Mediators described the atmosphere as positive, constructive, and showing encouraging progress. But that doesn’t talk about the details. The persian delegation briefly walked out of the negotiating room, primarily in protest over fresh public threats from U.S. President Donald Trump through one of his posts in social networks. The walkout was temporary, rather than a full abandonment of the talks. Sessions continued into the night, with agreements on a roadmap for a final deal within 60 days, a de-confliction cell for Lebanon, and communication lines for the Strait of Hormuz. A joint statement from Qatar and Pakistan (please see below) announced agreement on a “roadmap” for a final deal within 60 days. Key steps included: (1) Establishing a line of communication for the Strait of Hormuz to prevent escalation, and (2) a de-confliction cell for Lebanon ceasefire monitoring. Oil price is down this morning, but remains volatile as the negotiations and its conclusions remain uncertain. Iran is playing hard using the pain is causing with the closure of Hormuz, to kneel Goliath (the U.S.), who is under pressure.

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