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Monday, October 26, 2026
Edition 9
Updated

Boston Daily

A GetServices.ai publication

White House

Trump says he is weighing an Iran deal against renewed strikes as oil stays high

The president ruled out a strike on Saturday but not later; Iran says it would reopen the Strait of Hormuz if the U.S. lifts its naval blockade.

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Trump says he is weighing an Iran deal against renewed strikes as oil stays high
The USS Dwight D. Eisenhower carrier strike group in the Strait of Hormuz (file). Photo: U.S. Navy / Wikimedia Commons, public domain

President Donald Trump said Sunday that he is choosing between a deal with Iran and renewed military action, as talks to end the war remain stalled and oil prices hover near their highest levels since spring.

A day earlier, Trump told reporters there would be no strike that day but said further action remained possible, according to Gulf News. He also floated the prospect of a large agreement while questioning whether Tehran would honor one.

Where talks stand

Iran says it has not closed the door to diplomacy and that messages are still passing through intermediaries, CBS News reported. Tehran says it would reopen the Strait of Hormuz if Washington lifts its naval blockade of Iranian ports; the U.S. says the blockade stays.

Saudi, Turkish and Pakistani officials were scheduled to meet Iranian officials in Tehran on Monday on regional security, according to CBS News.

Pressure on the region and on prices

Houthi forces fired missiles toward Saudi targets over the weekend. Riyadh's main airport reopened Sunday after a two-week closure, and debris from intercepted missiles injured two people, Gulf News reported.

MeasureFigure
Brent crude, start of OctoberUnder $97 a barrel
Brent crude, Oct. 23Above $117 a barrel
U.S. regular gas, Monday$4.29 a gallon (AAA)
Ships escorted with U.S. supportMore than 3,000 in six months

Oil figures and the escort count are as reported by CBS News, which cited the head of U.S. Central Command for the shipping number.

Trump has said Iranian reports of attacks on tankers are false and meant to push oil prices higher.

Sources

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