The status of US-Iran talks aimed at de-escalating tensions remains unclear following conflicting statements from both nations. President Trump stated negotiations were ongoing, framing it as a “last chance” for Iran, but Iranian officials denied any talks were happening or scheduled. This uncertainty is heightened by a recent attack on shipping in the vital Strait of Hormuz, raising concerns about potential disruptions to global energy supplies. The incident underscores the precarious security situation in the region as diplomatic efforts stall. The conflicting signals from Washington and Tehran create doubt over the possibility of a swift resolution to the five-month conflict. Global markets are closely watching developments, sensitive to any escalation that could impact oil prices and international trade. These developments suggest a continued period of instability and potential for further incidents.