President Donald Trump said negotiations between the United States and Iran could begin within the next one or two days. He also suggested that the Strait of Hormuz could reopen as early as “tomorrow,” stressing that Iran now has a “final opportunity” to reach an agreement and avoid a major U.S. military strike.
However, Iran immediately rejected Trump’s claims, stating that no direct negotiations with the United States were taking place. Iranian officials said they were currently discussing navigation arrangements in the Strait of Hormuz with Oman, rather than holding peace talks with Washington.
Following Iran’s denial, Trump responded on Truth Social, accusing Tehran of being “unbelievably two-faced.” He maintained that Iran had requested a meeting and sought negotiations.
Impact on Gold Prices
The possible reopening of the Strait of Hormuz could ease concerns over global oil supplies, potentially weakening short-term demand for gold as a safe-haven asset.
However, the conflicting statements from both sides suggest that geopolitical uncertainty remains elevated. Gold prices could receive renewed support if tensions escalate again or if negotiations fail to produce a credible agreement.
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