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President Donald Trump accused Iran of duplicity and insisted the two sides were discussing reopening the Strait of Hormuz as early as Tuesday, even as Tehran denied talks were even taking place.
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Higher oil prices propelled a quarterly earnings jump for Saudi Arabia's energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
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An attack on a vessel near the Strait of Hormuz and a rebound in oil prices on Tuesday underscored doubts that the U.S.-Iran war was nearing a resolution, as Tehran pushed back against President Donald Trump's assertion that talks were under way.
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"We are in talks with the Iranians," the Treasury secretary told CNBC's "Squawk Box."
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