- Iran tells the US a peace deal hinges on releasing $24 billion in frozen assets (reportedly $12B now, $12B later) as a trust-building test — Washington worries about losing leverage and President Trump has rejected anything like “pallets of cash.”
- A top Iranian adviser warned that if fighting resumes Iran could expand operations beyond the Persian Gulf (Indian Ocean, Bab al‑Mandeb, Red Sea, Mediterranean), while also saying the overall chance of war is low.
- Tehran asserts joint sovereignty with Oman over the Strait of Hormuz and plans to charge a maintenance fee for passage; negotiators say talks are at a standstill and a meeting between Trump and Khamenei isn’t on the table.
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