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Iran and the United States were set for further talks after a spurt of hostilities had underscored the uncertainty surrounding attempts to strike a lasting peace deal.
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Vessels stranded for months have started moving in larger numbers, but many pulled back over the weekend after Iran and the U.S. exchanged attacks.
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;Resize=(620)) U.S. President Donald Trump has once again threatened to wipe out Iran, saying 'the Islamic Republic of Iran will no longer exist' if Iran continues to violate the ceasefire agreement. Andrew Chang breaks down the cycle of the two countries' recent attacks, retaliations and perceived provocations to try to understand how they keep vacillating between conflict and dealmaking.
(Photo credits: The Canadian Press, Reuters, Adobe Stock and Getty Images)
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If the core U.S.-Iran dispute has long been Tehran's nuclear program, the tit-for-tat strikes in the Strait of Hormuz make clear that control of the waterway is of immediate concern to both. Neither wants a resumption of full-scale war, yet threats are flying.
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The U.S. and Iran are poised to hold fresh talks on Tuesday in Qatar's capital, President Donald Trump said via social media on Monday.
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Four days of attacks by both countries forced a sharp decline in the number of vessels navigating through the Strait of Hormuz.
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Oil prices edged higher after an American official said the U.S. and Iran had agreed to halt attacks in a key shipping lane, raising hopes that hostilities would not escalate.
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