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Washington. President Donald Trump said on Friday that talks with Iran were 'looking very good' and noted that Iran's foreign minister declared the Strait of Hormuz completely open during a 10‑day ceasefire between Israel and Lebanon, signaling a window for resumed negotiations this weekend; he told reporters outside the White House a formal signing could occur in Islamabad if an agreement is reached. Markets reacted immediately on Friday: Brent crude fell about 10 percent to roughly $89 per barrel and WTI dropped to about $81.50, while stock indices gained on reduced supply‑risk; Trump posted on Truth Social that the U.S. naval blockade on Iran would remain 'in full force' until a transaction is '100 percent complete', and Tehran has not publicly confirmed any concessions.

Prepared by Lauren Mitchell and reviewed by editorial team.