Author：Wall Street CN
The deadline set by US President Trump for 8 p.m. Eastern Time on the 7th is fast approaching. Reports indicate that Iran is no longer communicating directly with the US, although a mediator led by Pakistan is still working to resolve the issue. Trump first threatened Iran that "the entire civilization will perish," and later stated that he would consider changing the strike plan if negotiations progressed.
According to CCTV News, citing a US source on Tuesday, July 7th, Iran has terminated direct diplomatic contacts with the United States. Middle Eastern officials stated that despite this, negotiations between Iran and the ceasefire mediators are continuing. CCTV also mentioned that three senior Iranian officials stated that Iran has informed Pakistan that it will no longer participate in talks aimed at a ceasefire.
Reports indicate that Iran informed mediator Pakistan that it would no longer pursue ceasefire negotiations with the United States. Following this news, US stocks extended their losses, while crude oil prices rose further. The Nasdaq 100 index fell by 1.5%, the Nasdaq Composite fell by 1.55%, and the S&P 500 index saw its losses widen again to 1.1%. WTI crude oil rose by 4.5% on the day, reaching $117.48 per barrel.
Subsequently, according to CCTV, Pakistani sources stated that Pakistan's mediation efforts in the US-Iran negotiations continued, and the next few hours were "crucial"; Iran stated that diplomatic and indirect dialogue channels with the United States remained open.
According to CCTV, Trump stated that the "8 p.m. action" on the 7th will still take place, and an "unprecedented strike" against Iran may still be launched. However, he did not rule out changing his decision if there is progress in the negotiations that day.
The report states that Iran's decision to sever direct communication was intended to express its dissatisfaction.
US media quoted some Middle Eastern officials as saying that Iran has cut off direct communication channels with the United States in light of Trump's threat to destroy Iran's "entire civilization," however, negotiations with the ceasefire mediators are still ongoing.
The official said the move temporarily added uncertainty to efforts to reach an agreement before Trump’s Tuesday 8 p.m. deadline, but did not cause the negotiations to break down.
One official noted that Iran's decision to cut off communication was intended to send a signal of discontent and defiance. It remains unclear whether the two sides can resume direct dialogue before the deadline. The White House did not immediately respond to a request for comment.
Pakistani sources revealed that no substantial compromise has yet been reached between the two sides.
According to CCTV News, two Pakistani sources said that negotiations between the United States and Iran are still ongoing, with Pakistan acting as the main intermediary to relay proposals from both sides, but no substantial compromise has yet been reached.
Sources say that Iran's recent attacks on industrial facilities linked to Saudi and U.S. companies could severely impact the progress of negotiations. A senior Pakistani security official stated that if Saudi Arabia retaliates, negotiations could be disrupted, and Pakistan could even be drawn into the conflict due to its defense agreement with Saudi Arabia.
Another source indicated that the next few hours are "crucial" for the prospects of the negotiations, as Iran has shown flexibility in its willingness to engage in dialogue while maintaining its firm preconditions. Pakistan is urging Iran to return to negotiations without preconditions.
