Trump-Iran Talks Stall
Trump's promised Iran deal failed to emerge as Hormuz tensions lifted oil prices.
August 7, 2026 · Updated Aug 7, 8:00pm ET
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Pano rates the coverage Mostly Right.
What happened
No U.S.-Iran agreement to reopen the Strait of Hormuz had emerged by Friday, despite Trump administration signals earlier in the week that a deal was imminent, leaving shipping traffic near a standstill. Iranian parliament speaker and chief negotiator Mohammad Bagher Ghalibaf
Mohammad-Bagher GhalibafIranian conservative politician, professor, and former air force pilot accused President Donald Trump of “theater diplomacy” and said Tehran was pursuing permanent control of the strait. Iran’s parliament is considering a ban on U.S.- and Israel-linked ships, while Tehran also seeks to bar U.S. Navy warships. Brent crude closed at $83.55 and WTI at $78.18 as traders waited for a deal.
U.S.-Iran Regional Conflict
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