West Asia LIVE: Trump says Iran talks to take place today, sets no deadline for deal

Home News World The official Iranian news agency IRNA reported earlier that negotiations between Tehran and Oman over the Strait of Hormuz were in their final stages, citing Iran's Foreign Minister Abbas Araghchi Updated - August 03, 2026 06:58 am IST U.S. President Donald Trump said talks with ‌Iran will happen on Monday, August 3, 2026. | Photo Credit: AP U.S. President Donald Trump said talks with ‌Iran will happen on Monday (August 3, 2026) but declined to set a deadline for an agreement after earlier saying he had called off an imminent attack in hopes of quickly reaching a deal ⁠to reopen the Strait of Hormuz and resolve the impasse over Tehran’s nuclear capabilities.Mr. Trump had said late on Saturday (August 1, 2026) on his Truth Social platform that Iran and other West Asian countries had asked for time to complete a deal that would lead to “the ‌Immediate, Complete and Total” reopening of the strait and “an end to Iran’s nuclear threat” but that Tehran must “rapidly make a DEAL.”Iran’s Foreign Minister Abbas Araghchi held phone calls with his Saudi counterpart Prince Faisal bin Farhan and Pakistan’s army chief Asim Munir to discuss diplomatic efforts, Iran’s state media reported on Sunday (August 2, 2026). The official Iranian news agency IRNA reported earlier that negotiations between Tehran and Oman over the Strait of Hormuz were in their final stages, citing Iran’s Foreign Minister Abbas Araghchi.Follow here for live updates,August 03, 2026 06:58 Oil tumbles as Trump cancels attack on Iran to reach nuclear dealOil ⁠prices tumbled $4 a barrel on Monday (August 3) after U.S. President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick ‌deal that would halt Tehran’s nuclear ambitions and reopen the Strait of Hormuz.Brent crude futures slid $4.08, or 4.64%, ‌to $83.85 by 2352 GMT while U.S. West Texas Intermediate crude ‌was at $80.66 ⁠a barrel, down $4.01, or 4.74%.- ReutersAugust 03, 2026 06:55 Two tankers with Saudi oil exit Red Sea over weekend, data showsTwo tankers laden with Saudi oil crossed the Bab el-Mandeb strait over the weekend, while traffic in the Strait of Hormuz slowed following ‌reports of vessel attacks, shipping data showed on Monday (August 3).The number of commodity vessels that passed through the Bab el-Mandeb ⁠strait fell to 18 on Sunday, from 27 on Saturday and 28 on Friday, the Kpler data showed.The Iran-aligned Houthis declared a maritime ‌embargo against Saudi Arabia on July 20, opening a new front against the U.S. and its allies in the ‌Iran war and expanding attacks on tankers carrying global energy ‌and ⁠other supplies to waters beyond the Gulf.- ReutersAugust 03, 2026 06:37 Trump says Iran talks to take place today, sets no deadline for deal U.S. President Donald Trump said talks with ‌Iran will happen on Monday (August 3, 2026) but declined to set a deadline for an agreement after earlier saying he had called off an imminent attack in hopes of quickly reaching a deal ⁠to reopen the Strait of Hormuz and resolve the impasse over Tehran’s nuclear capabilities.Mr. Trump had said late on Saturday (August 1) on his Truth Social platform that Iran and other countries in West Asia had asked for time to complete a deal that would lead to “the ‌Immediate, Complete and Total” reopening of the strait and “an end to Iran’s nuclear threat” but that Tehran must “rapidly make a DEAL.”- Reuters Published - August 03, 2026 06:30 am IST