Iran Pauses Indirect Talks with U.S. and Threatens to Block Strait of Hormuz

BlockBeats News, June 1st. According to Iran's semi-official news agency Tasnim, Iran has decided to suspend all indirect talks and text exchanges with the United States through intermediaries, citing Israel's recent escalation of military actions in Lebanon and the Gaza Strip.

The report stated that Iran has demanded Israel to immediately cease its military actions in Gaza and Lebanon and to fully withdraw from its occupied territories in Lebanon before negotiations can resume. Iran has stated that it will not restart the negotiations until the relevant conditions are met.

In addition, Iran and the "Resistance Front" have reportedly decided to completely block the Strait of Hormuz and have warned of the possibility of initiating other fronts, including the Strait of Mandeb, in response.

Following the news, international oil prices surged rapidly during the trading day, with both WTI and Brent crude oil prices rising by over 4% at one point; the US dollar index rose to a daily high, while US Treasury prices fell.

Iranian Foreign Ministry spokesman Baghaei stated that the slow progress in US-Iran negotiations is due to a lack of mutual trust, the US side's changing positions, and Israel's ongoing military actions in the region. He emphasized that to promote a comprehensive de-escalation of regional conflicts, the ceasefire arrangements in Lebanon must be implemented simultaneously.

According to reports, Houthi forces in Yemen are waiting for a call to action from Hezbollah in Lebanon. If Israel further escalates its military actions in Lebanon, the Houthi forces are prepared to resume airstrikes and maritime strikes against Israel.