TEHRAN, July 27 \u2014 US President Donald Trump on Monday voiced optimism at the prospects for a negotiated peace deal with Iran, as the two sides held their fire for a third consecutive day.<\/p>\n
Fighting between the longtime foes has been paused since Friday after 13 nights of renewed US strikes on the Islamic republic sparked by a breakdown in diplomacy over Iran\u2019s blockade of the Strait of Hormuz.<\/p>\n
But the US leader expressed hope that renewed diplomacy could bring an end to the war that began in late February with a wave of US-Israeli strikes, rattling both the region and the global economy.<\/p>\n
\u201cI have a lot of patience… We\u2019ll see what happens,\u201d he said aboard Air Force One. \u201cI think there is a good chance that something could happen.\u201d<\/p>\n
Tehran had earlier denied that there were any talks with the US to end the conflict.<\/p>\n
\u201cMediators may convey messages from the American side to us regarding current developments in the region. But at present, we are not engaged in any negotiations with the United States,\u201d said Iranian foreign ministry spokesman Esmaeil Baqaei.<\/p>\n
But Trump insisted during a speech in Michigan that \u201cright now, they\u2019re talking to us about making a deal\u201d.<\/p>\n
Aboard Air Force One, the US president had earlier said that if the new efforts failed, \u201cwe go back to doing what we were doing\u201d before the pause in fighting.<\/p>\n
On that subject, he dismissed concerns that US ammunition stockpiles were running low nearly five months after the war began.<\/p>\n
\u201cWe have a lot of ammunition. We have a lot of the mid-level stuff too, more than we could ever use no matter what,\u201d he said.<\/p>\n
Saudi Arabia attacked<\/p>\n
Despite the recent lull, Saudi Arabia came under attack on Monday, with its defence ministry saying it had intercepted several drones fired by Iran-linked groups in Iraq targeting oil facilities.<\/p>\n
No group claimed responsibility, but Riyadh called on Baghdad to prevent such attacks from being launched from its territory.<\/p>\n
Iraqi Prime Minister Ali al-Zaidi later called for an investigation into Saudi Arabia\u2019s allegations.<\/p>\n
Pakistan, which has been mediating a resolution to the Middle East war, condemned the drone attacks, saying they \u201cpose a grave threat to peace and stability\u201d in the Middle East.<\/p>\n
Yemen\u2019s Iran-backed Houthi rebels also said they launched drone attacks on Saudi Arabian oil infrastructure in response to incursions by the kingdom\u2019s drones. Riyadh is yet to comment on the claim.<\/p>\n
Saudi Arabia and other Gulf nations accused pro-Iran militias in Iraq of launching waves of attacks on their territory during the conflict\u2019s earlier phase, but the groups have not claimed any attacks in the region since the resumption of hostilities.<\/p>\n
Elsewhere, the Israeli military, which has not joined the recent fighting, said it had intercepted two drones near the Jordanian border and was investigating where they had been launched from.<\/p>\n
Global stock markets meanwhile rallied and oil prices tumbled on Monday after the pause in strikes between Washington and Tehran.<\/p>\n
It came as respite for Gulf shipping and the oil industry, with international benchmark Brent dropping six per cent to around US$86 (RM351) a barrel.<\/p>\n
\u2018Mafia gang\u2019<\/p>\n
Control of the Strait of Hormuz remains a hurdle to any peaceful resolution, and Iran insists on managing the crucial conduit for oil and gas.<\/p>\n
Its powerful Revolutionary Guards have been stopping vessels trying to transit the trade route in recent days, including six that state television on Monday said had sailed outside Iran\u2019s designated route.<\/p>\n
Tehran says it has held talks in recent days with Oman, which also borders the strait, on \u201ccommon principles and operational mechanisms\u201d to ensure the safe passage of shipping.<\/p>\n
In June, Muscat and Tehran said they would discuss imposing service fees, a move Washington opposes.<\/p>\n
But Oman also angered Iran after saying vessels could transit the Hormuz strait via its waters, with Tehran responding by attacking ships.<\/p>\n
Baqaei, Iran\u2019s foreign ministry spokesman, on Monday said the United States was not involved in the recent discussions with Oman.<\/p>\n
Instead he criticised Washington, saying its conduct in recent years has \u201cresembled that of a mafia gang that adheres to no rules or laws\u201d. \u2014 AFP<\/p>\n
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