UPDATED WED 04 NOV · 19:16 UTCLIVE
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Iran war: negotiations, sanctions and Hormuz

The war is a central political and market driver. Reports cite progress in talks, Bessent threatened sanctions, and Trump said the war ends when he wants.

What we know

Al-Jadeed reports significant progress, with clarity due Friday. Bessent vowed sanctions, and Trump said the war ends whenever he wants. Iran claims credit for the defeat, and one trader says Iran will charge a 20% Hormuz toll.

By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.