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US President Trump "told his negotiating team that the chances of an agreement with Iran have become slim", Al Arabiya reports, citing sources

StockNow breaking-news AI analysis

Trump's freeze on Iran talks amid maritime threats signals a shift to economic warfare, spiking oil prices and insurance costs while boosting defense and safe-haven assets.

News detail

Trump ordered a freeze on negotiations with Iran for several weeks, with the possibility of extending them. The administration has/was: seen reports of an Iranian plan to resume attacks on ships. briefed on information regarding a potential Houthi escalation in Bab al-Mandab. briefed on an Iranian plan for operations that go beyond targeting ships. informed, by Trump, of the possibility of launching massive attacks on Iran if economic pressure fails.

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Iranian Supreme Leader adviser Rezaei says "The best response to Trump's escalation of economic warfare is to withdraw from the NPT [Nuclear Non-Proliferation Treaty]."

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