Trump said he will not extend the June memorandum of understanding with Iran, which technically expires Monday, answering "No" when asked. Fighting flared anew in Lebanon, where Israel said it killed senior Hezbollah commander Abu Hassan Alaa and eleven people died in weekend strikes.
Brent crude climbed above $90 a barrel Monday, up more than 7% since the start of last week, on renewed escalation fears. Trump repeated his claim that the US retained total control of the Strait of Hormuz and threatened to bomb Oman if it "gets in the way," while Oman negotiates with Iran on managing the waterway without US involvement.
Tehran said a shipping map is finalized but that a deal does not guarantee reopening, and its Foreign Ministry blamed "destruction elements" for the deadlock, repeating that the US must lift its naval blockade.
Context
It extends the same-day Iranian threat of a "fully offensive" Hormuz posture and the breakdown of the memorandum, which prior beats showed both sides already calling defunct.