Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
Trump says US agreed to Iran's request to continue talks, but ceasefire is over
Summary
Trump says US agrees to continue talks with Iran
Qatari mediators in Iran to revive negotiations
US demands Iran stop attacks in the waterway
War has roiled Iran, increased pain for US consumers
CAIRO/WASHINGTON, July 10 (Reuters) - President Donald Trump said on Friday that the United States and Iran had agreed to continue talks despite a recent escalation of hostilities but he flatly declared that the ceasefire reached between the two sides last month was over.
The United States also stepped up demands that Iran stop attacks on ships in the Strait of Hormuz, where recent hostilities have pushed oil prices higher, a politically sensitive issue for Trump ahead of November congressional elections.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
Trump's comments came on a day of relative calm at the end of a week of renewed conflict, when three Qatari and Saudi commercial tankers came under fire, prompting the U.S. to hit Iranian sites, and Iran to respond with strikes on U.S. military sites in Gulf states.
No fresh attacks were reported on Friday as regional mediators sought to salvage diplomatic efforts to permanently end a war that began on February 28 with U.S.-Israeli strikes on Iran.
"The Islamic Republic of Iran has asked us to continue 'talks.' We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER!" Trump wrote in a post on Truth Social.
IRAN ACCEPTS QATARI MEDIATOR
Iran disputed Trump's interpretation, saying it had not requested talks with the United States, but had agreed to host a Qatari mediator in Tehran, state television reported, citing Iran's Foreign Ministry spokesperson. Qatari negotiators were meeting officials in Iran on Friday to de-escalate tensions and discuss navigation through the Strait of Hormuz, a source with knowledge of the situation told Reuters.
Foreign Minister Abbas Araqchi would visit Oman to discuss arrangements for the safe passage of ships through the Strait of Hormuz, ISNA reported, citing the foreign ministry spokesperson.
The United States is demanding that Iran publicly state it will stop attacks on ships in the Strait of Hormuz and that all lanes will be open to shipping with no tolls, senior U.S. officials said on Friday.
After Washington accused Iranian forces of attacking three tankers in the area, the U.S. struck military sites in Iran in response. Iran then attacked U.S. military sites in Gulf states on Thursday.
At least 17 people were killed in U.S. strikes on six cities in Iran on Wednesday and Thursday, the head of the public relations and information center at Iran's Health Ministry said. He said 115 people were also wounded.
Even so, U.S. officials said conversations between the two countries had been productive in recent days.
"What we're demanding is that the Iranians issue a public statement that acknowledges all channels of the Strait of Hormuz are open and they're not shooting at ships anymore. They're either going to give us that statement or we're not having a good outcome for them," one official said.
Tehran in turn pledged that any breach of commitments by Washington would be met with "reciprocal action," the foreign ministry spokesperson said, according to state media.
That interim deal was meant to pave the way to the end of a conflict now in its fifth month that has killed thousands, throttled worldwide energy supplies and raised fears of a global economic downturn.
OIL MARKET TURBULENCE
Renewed fighting in the Gulf has increased the pain for U.S. consumers. After weeks of steady declines, crude oil prices experienced their biggest weekly rise in eight weeks.
U.S. gasoline inventories fell by 1.9 million barrels last week, nearly 10 million barrels below the five-year average, the Energy Information Administration said. Gasoline stocks are running below seasonal norms across all U.S. regions, said Denton Cinquegrana, chief oil analyst at Dow Jones Energy.
The Strait of Hormuz handled about a fifth of global oil and liquefied natural gas shipments before the war. Tehran has since largely taken control of the waterway, forcing a stalemate in its confrontation with the world's most powerful military.
Iran buried its slain Supreme Leader Ayatollah Ali Khamenei on Thursday at the country's holiest shrine in Mashhad, capping a week of funeral processions and rallies.
Khamenei was killed in an airstrike on the first day of the war on February 28. A condolence ceremony was due to be held on Friday after sunset prayers on behalf of Supreme Leader Mojtaba Khamenei for his father in the city of Qom, his office announced.
Mojtaba Khamenei, who was injured in the strike that killed his father, has not appeared in public, fueling speculation about his role in Iran's future.
"I understand that, from a security standpoint, he should not appear in public. But the country is going through a very difficult time," said Taghi, 47, a shop owner in Isfahan who asked not to give his family name. "There is a need for the Supreme Leader to be seen."
Additional reporting Menna Alaa El Din in Cairo, Ahmed Elimam and Eman Abouhassira in Dubai, Andrew Mills in Doha and Jonathan Saul in London; Writing by Alexandra Hudson, Andrew Heavens, Matt Spetalnick and Daniel Trotta; Editing by Philippa Fletcher, Andrew Heavens and Sanjeev Miglani
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Suggested Topics:
Energy
LNG
Gas
Transport Fuels
Storage
X
Facebook
Linkedin
Email
Link
Purchase Licensing Rights