Another fake ceasefire in progress? Or are we to believe it's for real this time? There's nothing on the ground-level at all that currently suggests the warring sides are imminently about to agree to a new ceasefire, or are so much as back at the negotiating table.And yet Tuesday morning headlines are now being driven by a Qatari Foreign Ministry statement saying that "language" for a possible US-Iran resolution "has been drafted" and "is being circulated between the parties."via Doha NewsMinistry spokesman Majed Al-Ansari didn't offer any time line for a potential deal in relaying the statement before a press briefing but said that current diplomatic efforts are focused on preventing further escalation, reopening the Strait of Hormuz and creating conditions to resume talks.He described that the focus is on short term resolution that would restart US-Iran talks and return the sides to mediation, but also admitted that there's "nothing the the books when it comes to direct talks." This comes as President Trump has told Iran that he wants to see a deal done on the Hormuz Strait immediately, per Bloomberg.This was enough for regional media, including Israel's i24 to report 'progress' in the Omani mediated Hormuz talks, with the American side - as yet only participating indirectly - said to be "much more" flexible in their demands than even the Omani side, amid Iranian recalcitrance."Iran has conveyed a message: any solution that we agree to and sign must also be approved by Washington," i24 has written. This somewhat forced and perhaps manufactured return yet again to peace optimism has sent oil sliding...The day prior, President Trump continued to address Tehran in threatening language, however. He said before reporters in the Oval Office: "I want to give them every last chance before decapitation. Very tough to do what what we have planned, still planned. We'll see what happens, but it's very very tough thing to do. I think I'm very proud of the fact that I will give people a chance."Just on the heels of the above 'draft deal' headlines, and in a carefully timed CNBC appearance, Washington brought out its heavy hitter to re-anchor the administration's narrative, seeking to assure markets that a diplomatic deal with Tehran is not only real, but imminent - potentially coming together even as soon as Tuesday through Wednesday."We may have an Iran deal tomorrow to open Hormuz," Treasury Secretary Scott Bessent declared, signaling that a major diplomatic resolution is within reach. He pointed out that physical maritime traffic is already quietly resuming, regardless of headline volatility.Bessent gets dragged in to justify "imminent Iran deal" as algos no longer reacting to $100,000 Truth Social API
Oil Slides As Qatar Floats New Iran Deal, Bessent Promises Hormuz Breakthrough: 'May Have Deal Tomorrow'
Markets fall for another peace "breakthrough" headfake?















