steve witkoff

Mediators are facilitating fresh US-Iran negotiations on a draft memorandum aimed at ending the ongoing conflict. The proposed agreement includes a multi-billion dollar reconstruction package for Iran's economy and a temporary non-aggression arrangement, with nuclear talks deferred to a later phase.

President Trump indicated a 50/50 chance of a deal or military action with Iran, with a decision expected Sunday. Intense diplomatic efforts involving multiple Middle Eastern nations have led to a "largely negotiated" Memorandum of Understanding for peace, subject to finalization.

The US and Iran are reportedly nearing a 60-day ceasefire extension, with mediators working on an interim deal. This agreement could pave the way for broader talks on Iran's nuclear program and regional security, including the gradual reopening of the Strait of Hormuz and phased sanctions relief for Tehran.

Josh Gruenbaum, formerly an adviser to Jared Kushner and steve witkoff on Russia-Ukraine and Iran policy, will now exclusively focus on Gaza Strip issues through the independent Board of Peace. This shift follows internal concerns about his working style, reducing his responsibilities from key foreign policy matters.

Oil prices surged Tuesday, extending Monday's gains as stalled US-Iran peace efforts and Strait of Hormuz disruptions pressured market sentiment. WTI Crude and Brent Crude saw notable increases, driven by constrained Middle East oil flows and ongoing geopolitical tensions. Investor focus remains on diplomatic developments and central bank policy signals.

Senior US envoys steve witkoff and Jared Kushner are heading to Pakistan for crucial talks with Iranian foreign minister Abbas Araghchi to revive negotiations amid escalating regional tensions. The diplomatic initiative aims to address Tehran's nuclear program and ease global market volatility. Despite overtures, the situation remains volatile with ongoing conflicts impacting vital shipping lanes.

The US Navy has intensified maritime pressure on Iran with a recent interception, even as diplomatic talks involving American envoys and Iran are underway in Pakistan. The advanced USS Rafael Peralta seized an Iranian vessel, part of a broader crackdown. Meanwhile, indirect negotiations aim to de-escalate regional tensions amid ongoing instability.

US Vice President J D Vance is questioning the Pentagon's assessment of the Iran conflict, concerned about undisclosed missile stockpile depletion. He fears this could impact responses to global flashpoints like Taiwan, South Korea, and Europe. Despite official assurances, some believe the situation is being downplayed, potentially affecting future military readiness.

Global oil prices surged Monday, with Brent crude hitting $107.49 and WTI reaching $96.17, driven by stalled US-Iran peace talks and ongoing Strait of Hormuz disruptions. This supply squeeze, exacerbated by restricted shipping, has led Goldman Sachs to revise its Q4 oil price forecasts upwards, signaling continued market volatility.

US President Donald Trump canceled a planned trip by his envoys to Pakistan to meet Iranian leaders, citing wasted travel time and confusion within Iran's leadership. He asserted the US holds the upper hand and urged Iran to initiate talks. This decision has diminished Pakistan's role in facilitating US-Iran discussions.

Iranian Foreign Minister Abbas Araghchi is in Moscow for talks with President Putin amid stalled US-Iran negotiations. Despite a ceasefire, a second round of direct talks remains elusive, with President Trump suggesting Iran should initiate contact. The Strait of Hormuz remains closed, impacting global energy markets, while the US has imposed a blockade on Iranian ports.