Iran's Leaders Meet as US Waits on Peace Deal Response

Summary

Bloomberg's Tyler Kendall reports on the status of US-Iran negotiations regarding a one-page memo to reopen the Strait of Hormuz in exchange for lifting the US naval blockade. Iran is expected to respond via Pakistani mediators, but the two sides remain far apart publicly. Separately, ABC News reported on a probe into well-timed oil trades worth $2.6 billion that profited from price drops ahead of key announcements.

• US awaits Iran's response to a proposed memo to gradually reopen the Strait of Hormuz.
• Iranian president met with the supreme leader, a rare public account during the war.
• CENTCOM confirmed disabling an Iranian oil tanker in the Gulf of Oman.
• White House says negotiations complicated by fractured Iranian leadership.
• ABC News reported on a probe into $2.6 billion in oil trades timed before price drops.
• Trades occurred around announcements by Trump and Iran's foreign minister.
• No identities or insider trading confirmed in the probe data.
• White House previously warned staff against using private information for trading.