Trump Optimistic on Iran Talks as Military Strikes Remain Paused

U.S. President Donald Trump expressed optimism regarding a potential peace deal with Iran on July 28, 2026, as both nations maintained a pause in military strikes for a third consecutive day.

While Tehran denied engaging in direct negotiations, the U.S. State Department confirmed that technical talks between Israel and Lebanon are scheduled to take place in Rome from August 4 to 6.

Global oil markets reacted to the diplomatic developments, with Brent crude futures falling 0.6% to $87.82 and U.S. West Texas Intermediate crude dropping 0.8% to $81.95 per barrel.