Iran says no talks are under way with United States after Trump calls off attacks
XLE•Latest reported Strait of Hormuz incident
In the latest reported incident in the strait, the British maritime security body UKMTO said overnight that the master of a vessel had reported an explosion in the water near the ship. No one was hurt.
Oil prices fall as Trump steps back again
Monday's developments appeared to fit a pattern that has emerged since Trump launched "Operation Epic Fury" alongside Israel more than five months ago. On several occasions, Trump has threatened military action only to later cite diplomatic contacts as a reason for stepping back.
Iran, however, has publicly rejected negotiations with Washington since a June memorandum of understanding aimed at ending the conflict collapsed in early July.
Trump has yet to achieve the objectives he set out at the outset of the war: dismantling Iran's nuclear programme, curbing its ability to attack regional rivals and creating conditions for Iranians to overthrow their clerical rulers.




