Morning recap

Good morning, Middle East Eye readers.

Iran insisted on Saturday that it had "kept its word" on a ceasefire with the United States, after the US president, Donald Trump, insisted the truce was over but that he had agreed to further negotiations with the Islamic Republic.

Iran’s foreign minister, Abbas Araghchi, said: "Violation follows other violations and missteps by the United States. Reality check: there can only be mutual compliance." 

Trump, meanwhile, warned Iran that the country would be "completely decimated and destroyed" if Tehran attempted to assassinate him.

Here are the latest developments: 

β€’ Media reports suggest that Washington has conveyed to Iran that it should publicly announce that traffic through the Strait of Hormuz would be allowed toll-free while acknowledging Tehran messed up the truce by attacking vessels.

β€’ Traffic in the strait falls sharply, with only six vessels passing through on the night of 9-10 July. This was the third night of reduced traffic in the critical waterway, where Iranian attacks on ships led to a renewed exchange of fire between the US and Iran.

β€’ Saudi Crown Prince Mohammed bin Salman and Trump discussed ongoing regional developments during a phone call, particularly the talks between the US and Iran.

β€’ The International Energy Agency (IEA) predicts that the recent escalation in the Gulf could upend its forecast that sees oil supply expanding in 2027.

β€’ A team of Centcom military officials has arrived in Beirut to help implement the framework agreement between Israel and Lebanon ahead of the Rome talks.

This article was sourced from Middle East Eye.

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