Donald Trump announced the news on Monday, June 29, on his social media platform, Truth Social, but did not provide further details.
The announcement came after Iran's Deputy Foreign Minister denied media reports claiming that technical talks between Tehran and Washington would be held this week.
Kazem Gharibabadi said that although consultations with Qatar—including discussions on monitoring the implementation of the other side's commitments—are continuing as usual, reports by some media outlets regarding technical working-group talks in Doha are not accurate.
Meanwhile, amid renewed tensions in the Strait of Hormuz, oil prices rebounded after falling sharply last week and approaching pre-war levels.
According to Reuters, oil prices rose on Monday, June 29, after several days of U.S. and Iranian attacks once again slowed the transportation of energy through the Strait of Hormuz.
Reports said Brent crude rose to around $72.57 per barrel on Monday morning, while U.S. West Texas Intermediate (WTI) crude reached $70.11 per barrel. This followed a decline on the previous Friday, when Brent fell more than four percent to $71.99 per barrel, and WTI dropped to $69.23 per barrel.
Following renewed attacks on shipping in the Strait of Hormuz beginning on Thursday, June 26—including an attack on a Qatari oil tanker that prompted a U.S. military response and marked the most serious escalation since the signing of the temporary peace agreement—traffic through the strategic waterway has slowed significantly.
