Iran Rejects Diplomatic Off-Ramps, Hardens Stance

Iran has publicly stated it hasn't sought U.S. talks in two weeks, rejected Oman's Hormuz transit fee proposal, and continued missile attacks on U.S. forces. Market odds for a July 31 meeting cratered to 1.5%, signaling deep stalemate. Diplomacy appears stalled as Iran demands full war end and blockade lift before nuclear talks.