Ultimately, August 1 to 2, 2026 passed without the much-publicized American attack on Iran materializing, as American generals had also warned that a new attack would be an absolute failure.
In fact, they were so pessimistic that they warned Trump that Israel in new attacks would be unprotected against Iranian missiles.
Trump, the American President, emphasized that late Monday afternoon, August 3, 2026, a new round of dialogue between the US and Iran begins following the demand of many Persian Gulf countries.
At any rate, Iran and Oman, which maintain good relations, have agreed on two maritime corridors in Hormuz, the northern corridor will be controlled by Iran and the southern corridor by Oman, the Americans are nowhere to be found.
Meanwhile, Israel learned that Trump backed down on the attacks against Iran from social media.
Iran, however, is on highest battle readiness and declares yes to dialogue, but with trigger in hand.
The price of Brent oil decreased to 82 dollars a barrel following the temporary de-escalation of the situation.
Trump: Urgent talks begin with Iran August 3 without deadline
The United States and Iran will hold talks this Monday, August 3, 2026, announced US President Trump.
"Right now we are conducting dialogue with them in the form of negotiations.
They will start on Monday afternoon, August 3, 2026," he told reporters.
Trump did not specify who will participate in the meeting or where it will take place.
Trump also added that he did not intend to set a deadline for the completion of the deal.
According to the American President, a deal is being prepared for the Strait of Hormuz, which is reportedly to be followed by a deal for the denuclearization of Iran.
Trump: US canceled attack on Iran following request from Iran and Persian Gulf states, better a deal than blood
The United States canceled the planned weekend attack of August 1 to 2 on Iran, partly at the request of Iran, but is ready to resume bombings at any moment, according to US President Trump.
"I was asked to cancel the attacks on Iran by Saudi Arabia, the United Arab Emirates, Qatar, and Iran...
We are ready to start whenever we want," stated Trump.
At the same time, the US President stated that the planned attack "would have been, without doubt, the largest since World War II".
"Would I prefer to make a deal?
I do not want to kill people. Many people are dying and we do not want that," stated Trump.
The military option is still on the table, new explosion in the Strait of Hormuz
Following growing speculation regarding the dimensions of the US-Iran military confrontation, international and Israeli media report that Washington continues to examine the option of a massive attack.
At the same time, Iran and Oman agreed on the management of the Strait of Hormuz, while the Iranian side rejected Trump's claims of a deal.
Analyses and reports published in international and Hebrew media show that the political and military equations among the US, Iran, and Israel are becoming more complex, alongside intensive regional consultations.
There is no deal yet, US: We are ready for massive bombings
The Associated Press reported, citing an American official, that so far no deal has been reached between the US and Iran, but mediation efforts to reach an agreement continue.
The official emphasized that diplomatic consultations continue with the goal of reducing tensions and advancing negotiations, although a final deal has not yet been reached.
The US Secretary of War claims:
We were and remain ready to launch attacks on Iran at levels not seen since World War II.
Explosion in Hormuz 20 nautical miles northeast of Oman
Reuters cited a British naval official who stated: "We received a report of an incident 20 nautical miles northeast of Oman."
While satellite tracking reported that the United States had sent an oil tanker to the southern route of the Strait of Hormuz, the United Kingdom Maritime Trade Operations now reports an accident involving a ship in Omani waters.
Wall Street Journal and i24: Trump could order military action against Iran at any moment
The Wall Street Journal reported that Trump could order military action against Iran at any moment if he does not see immediate and tangible progress in negotiations and in reaching a deal.
Meanwhile, a correspondent for the Hebrew network i24 reported that the option of a large scale military operation by the United States against Iran is still being seriously considered.
According to the i24 network, it is argued in Israel that following the failure of efforts to reach a deal, American officials no longer believe that Tehran has a real desire to reach an agreement.
According to these claims, Washington's military operation has not been ruled out, but will take place at a time and under conditions convenient to the Americans.
Israel was supposed to participate in the attacks
According to Hebrew news sources, Israel initially was supposed to participate directly in the US military attack on Iran, but this action was postponed due to the intervention and diplomatic moves of several countries in the region.
According to these claims, Qatar requested more time to continue negotiations, Saudi Arabia warned of the consequences and fallout of war, while Pakistan and Turkey also exerted political and diplomatic pressure.
The impending agreement in the Strait of Hormuz and why Iran will fully retain control of Hormuz
In the economic dimension, the Financial Times claimed that an agreement was reached between Oman and Iran on managing shipping through the Strait of Hormuz.
This occurs while, according to Israeli media, the Islamic Republic of Iran has directly and explicitly rejected Trump's claims that an important and significant agreement has been reached.
The Washington Post reported that while Trump claims to have made tangible progress toward a deal to end the conflict, Iranian and Israeli military forces remain at the highest level of battle readiness.
In the shadow of Iran-Oman talks on the Strait of Hormuz, the two countries agreed on two transit corridors
Official news shows progress in talks between Iran and Oman in the capital Muscat, although Western media attempt to present this agreement as a kind of Iranian concession following Trump's threats.
In response to statements by the Iranian Foreign Minister announcing progress in negotiations on the Strait of Hormuz, American media report that Iran agreed to the US and Qatari plan on this matter, news that Iran denies.
The fact is that Iran and Oman had intensive talks regarding the situation in the Strait of Hormuz and work has progressed to a large extent, entering its final stage.
The main topic of discussion and negotiation is the traffic route.
Iran has announced that it does not consider the southern route (in Omani waters) acceptable.
For the time being, an alternative route has been temporarily designated, part of which is Iranian and another part passes through Oman.
The permanent route must be negotiated and agreed upon later by the two countries.
It is said that even the map of the new traffic route has been prepared, with only the final announcement remaining to be finalized.
The agreement with Oman opens the way for both sides to return to the Islamabad agreement.
However, until Iran and the US return to this agreement, the agreement with Oman will not be implemented.
This could constitute an important knot for the fate of the Strait of Hormuz.
According to an expert, the project cannot be considered complete until an official statement is issued by Iran and Oman, because in addition to technical complexities, it also involves many political challenges in which other actors are involved.
Israel was supposed to participate in the US attack on Iran, but Qatar, Pakistan, and Turkey exerted pressure
Israel was supposed to participate in the US attack on Iran, but Qatar requested time to continue negotiations, Saudi Arabia warned of war, and Pakistan and Turkey exerted pressure.
US Central Command (CENTCOM) had prepared a plan to attack Iranian energy targets, and Israel was supposed to participate in the operation.
But Qatar initially requested 24 hours to continue negotiations, Saudi Arabia warned of the risk of the war spreading, while Pakistan and Turkey also exerted pressure to prevent an attack.
Meanwhile, the agreement on the Strait of Hormuz is approaching its final stages, although Iran has not yet publicly confirmed it.
American officials say Trump came closer than ever to ordering a major strike on Iran, but backed down just one day before the planned date.
Pressure from Qatar and Saudi Arabia prompted Trump to give negotiations another chance.
Formation of the attack plan
The attack plan was put on the agenda on Wednesday, July 29, 2026, one day after the meeting between Netanyahu and Trump, following the deadlock in negotiations and Iran's surprise attack on an American military base in Jordan.
CENTCOM has developed a new operational plan to attack Iranian energy targets. A senior American official stated that Israel was to participate in the operation.
On Friday, 31/7/2026, Qatari officials told Trump that they needed another 24 hours to conclude talks.
A senior American official also stated that Israel had told Washington that the attack would be useless unless it could cause significant damage to Iran's economic and governance structures.
The 24 hours that changed the decision
Meanwhile, negotiations between the United States, Iran, Oman, and Qatar continued for an agreement to open the Strait of Hormuz.
Qatar asked Trump to give the talks another 24 hours.
At the same time, Saudi Arabia, Pakistan, and Turkey also exerted pressure on Trump to prevent the attack.
The Saudi Crown Prince spoke with the American President and warned that military action could escalate the conflict in the region and cause severe damage to the oil facilities of Persian Gulf countries.
A few hours after the phone call with the Saudi Prince, Trump announced that the attack had been canceled.
What is the next step?
An agreement on the Strait of Hormuz is very close, and negotiations are now underway for final details, such as:
1) Extension of the ceasefire,
2) Reopening of the Strait of Hormuz for 60 days as a temporary agreement and without charging fees,
3) Creating new shipping routes in the Strait of Hormuz,
4) Resumption of negotiations between the United States and Iran based on a Memorandum of Understanding (MoU).
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