By Sunday morning, the latest Bloomberg ship tracking data showed that tanker traffic through the Strait of Hormuz had largely ground to a halt. There were multiple incidents of tankers U-turning over the last 24 hours. At the same time, a senior Iranian official renewed threats to close the Bab al-Mandeb Strait.

The Hormuz chokepoint (closed once again after briefly opening on Friday morning) comes as the US blockade of Iranian ports remains in place and US-Iran diplomatic channels appear active.

President Trump told Fox News that special envoy Steve Witkoff is traveling to Pakistan for talks with Iranian negotiators, suggesting the Trump team and US Secretary of State Marco Rubio are still pursuing a negotiated off-ramp.

Separately, Trump wrote on Truth Social that his representatives "will be there tomorrow evening, for Negotiations."

Trump also renewed threats made earlier this month to "knock out every single Power Plant, and every single Bridge, in Iran" if no deal is reached, warning that "they'll come down fast, they'll come down easy."

Confirmation of another round of upcoming US-Iran talks comes one day after Iran shuttered the Hormuz, citing the US Naval blockade that remains in place.

The odds of shipping traffic returning to normal on the Hormuz by the end of the month are currently around 28% on Polymarket. Those odds just hours ago, early Sunday, stood around 18%.

Overnight, Mohammad Bagher Ghalibaf, speaker of the Iranian parliament, admitted on national television that there had been "progress" with Washington, but that there were many gaps and some fundamental points remained.

"We are still far from the final discussion," said Ghalibaf, one of Tehran's top negotiators.

Ghalibaf continued, "If America does not lift the blockade, traffic in the Strait of Hormuz will definitely be limited."

Trump has accused Tehran of getting "a little cute" with its flip-flopping on the strait that was reopened on Friday but abruptly closed on Saturday morning.

Trump's full Truth Social post from earlier:

Iran decided to fire bullets yesterday in the Strait of Hormuz — A Total Violation of our Ceasefire Agreement! Many of them were aimed at a French Ship, and a Freighter from the United Kingdom. That wasn't nice, was it?

My Representatives are going to Islamabad, Pakistan — They will be there tomorrow evening, for Negotiations. Iran recently announced that they were closing the Strait, which is strange, because our BLOCKADE has already closed it.

They're helping us without knowing, and they are the ones that lose with the closed passage, $500 Million Dollars a day! The United States loses nothing. In fact, many Ships are headed, right now, to the U.S., Texas, Louisiana, and Alaska, to load up, compliments of the IRGC, always wanting to be "the tough guy!"

We're offering a very fair and reasonable DEAL, and I hope they take it because, if they don't, the United States is going to knock out every single Power Plant, and every single Bridge, in Iran.

NO MORE MR. NICE GUY! They'll come down fast, they'll come down easy and, if they don't take the DEAL, it will be my Honor to do what has to be done, which should have been done to Iran, by other Presidents, for the last 47 years. IT'S TIME FOR THE IRAN KILLING MACHINE TO END! President DONALD J. TRUMP

Latest headlines:

Strait of Hormuz Crisis

• Shipping in the Strait of Hormuz was at a near standstill early Sunday after Iran reversed its decision to reopen the waterway and fired on vessels attempting to pass (BN)

• Several LNG tankers reversed course en route to the Strait of Hormuz after Iran warned ship captains that the vital channel is once again closed to maritime traffic (BN)

• Two Indian vessels reported firing and returned to the Persian Gulf (BN)

• Iran's foreign ministry says US naval blockade is a 'violation' of ceasefire (AFP)

US-Iran Negotiations

• Trump said his special envoy Steve Witkoff is traveling to Pakistan for talks with Iran on Tuesday, with talks potentially lasting into Wednesday (BN)

• Trump says US negotiators will be in Pakistan on Monday for talks with Iran, resuming negotiations after the Strait of Hormuz standoff escalated (APW) (APW)

• Iran says 'commitment for commitment' policy in US talks (NS8)

Trump's Threats and Statements

• Trump renewed threats to 'knock out every single Power Plant, and every single Bridge, in Iran' if no deal is reached (BN) (AFP)

• Trump said Iran has committed a 'serious violation' of the ceasefire but a peace deal is still possible, stating 'It will happen. One way or another. The nice way or the hard way' (BN) (JPT)

• Trump tells Fox US has massive ammunition prepared against Iran (BN)

Regional Impact

• The standoff threatens to deepen the energy crisis roiling the global economy and undermine expectations of an imminent peace deal (BN)

• Analysis suggests America's Iran operations may help China edge out US influence in Southeast Asia, with several NATO allies distancing themselves from Washington (SMP)

The previous day's US-Iran wrap:

Other Polymarket Iran Predictions:

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