Iran-US interim deal revival stalls
Analysis based on 41 articles · First reported Jul 31, 2026 · Last updated Aug 13, 2026
The stalled talks and continued attacks on shipping heighten supply disruption risks in the Gulf, supporting oil prices. Brent Crude futures have surged since the war began, and the lack of progress on the interim deal prolongs uncertainty for energy markets.
Iran and the United States remain at loggerheads over efforts to revive the interim peace deal agreed in June, which quickly unraveled. A senior Iranian source said there has been absolutely no progress in talks to revive the deal and define a timeframe for implementation. The U.S. accuses Iran of failing to reopen the Strait of Hormuz, while Iran says Washington reneged on commitments including lifting a blockade of Iranian ports and releasing frozen assets. Both sides have stepped up rhetoric, with Iran's top security official Mohsen Rezaee threatening to keep the Strait of Hormuz closed, and President Donald Trump demanding compensation for past wars. Attacks on shipping on Tuesday, including a deadly Houthi strike on a cargo ship in the Bab el-Mandeb Strait and a U.S. Navy helicopter disabling a Panama-flagged vessel, compounded concerns over Gulf oil supplies. Brent Crude futures rose to $89.26 a barrel, heading for a sixth day of gains.
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