The US and Iran are currently engaged in intense diplomatic talks aimed at ending the ongoing conflict in the Middle East. The war, which has left thousands dead and disrupted energy supplies, has been going on for over three months. As the situation continues to deteriorate, US President Donald Trump is expected to address the matter soon, according to White House Press Secretary Karoline Leavitt. This comes as Iran has signaled its willingness to accept an interim deal to reopen the Strait of Hormuz in exchange for Washington ending its blockade of Iranian ports.
The president's red lines with respect to Iran have been made very clear, and they include preventing Tehran from building a nuclear weapon,
The diplomatic impasse is having a significant impact on global energy markets.
