Donald Trump’s growing frustration with the lack of progress in the Iran conflict is leading to increased tension with U.S. allies, particularly Oman. Diplomatic efforts remain unsuccessful as the U.S. and Israel continue their confrontation with Iran and its regional partners. A temporary ceasefire has expired and the U.S. has chosen not to extend it. Markets are now pricing in a decreased likelihood of Mojtaba Khamenei attending a U.S.-Iran diplomatic meeting by the end of 2026.
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