Iran has suspended all indirect negotiations with the United States and threatened to fully seal the Strait of Hormuz, according to a report by the Islamic Revolutionary Guard Corps-affiliated outlet Tasnim on Monday. The announcement sent global oil markets into a tailspin, with crude prices jumping more than 7% within hours.
Tasnim — an outlet affiliated with Iran's Islamic Revolutionary Guard Corps — reported that Iran had suspended all exchanges with the US via mediators, with the decision made over what the agency described as 'continuing crimes' of Israel in Lebanon. The decision has not been independently confirmed by Washington. The outlet cited a statement saying: 'Considering that Lebanon was one of the preconditions for the ceasefire and that this ceasefire has now been violated on all fronts, including Lebanon, the Iranian negotiating team is suspending dialogues and exchange of texts through mediators.'
