US President Trump said that the US will continue negotiations with Iran, but he believes the cease-fire between the two countries is over. Trump wrote on social media on Friday: “Iran is asking us to continue 'negotiations'. We have agreed to do this, but the US has unequivocally told them that the cease-fire is over!” Trump's latest statement may ease market concerns about a return to all-out war between the two sides. After Trump published the letter, international oil prices rose to an intraday high and then returned to the increase. US stocks fell for a while, then the decline narrowed. Affected by the hostilities, ship traffic in the Strait of Hormuz dropped markedly. Both the US and Iran accuse each other of violating the memorandum of understanding signed on June 18. The memorandum called for the reopening of the Strait of Hormuz and the commencement of 60 days of negotiations to seek a broader agreement. The US accuses Iran of attacking ships passing through the Strait of Hormuz. Iran, on the other hand, said that the US interfered with Iran's right to manage the Strait of Hormuz in accordance with the provisional agreement.

US President Trump said that the US will continue negotiations with Iran, but he believes the cease-fire between the two countries is over. Trump wrote on social media on Friday: “Iran is asking us to continue 'negotiations'. We have agreed to do this, but the US has unequivocally told them that the cease-fire is over!” Trump's latest statement may ease market concerns about a return to all-out war between the two sides. After Trump published the letter, international oil prices rose to an intraday high and then returned to the increase. US stocks fell for a while, then the decline narrowed. Affected by the hostilities, ship traffic in the Strait of Hormuz dropped markedly. Both the US and Iran accuse each other of violating the memorandum of understanding signed on June 18. The memorandum called for the reopening of the Strait of Hormuz and the commencement of 60 days of negotiations to seek a broader agreement. The US accuses Iran of attacking ships passing through the Strait of Hormuz. Iran, on the other hand, said that the US interfered with Iran's right to manage the Strait of Hormuz in accordance with the provisional agreement.