Recent US defensive strikes on Iranian targets near the Strait of Hormuz on November 2–3, 2026, followed Iranian actions against American assets and prompted Tehran to describe Washington’s reply to its seven-point proposal as unconvincing. Indirect talks mediated by Qatar and others continue over reopening the waterway, sanctions relief, frozen assets, and ending the naval blockade, with a draft framework under review. President Trump has signaled possible further military options while noting ongoing discussions, and Iranian officials have reiterated readiness for diplomacy or defensive measures. These developments sustain uncertainty around any sustained de-escalation or formal ceasefire holding through upcoming weeks, as both sides maintain core demands amid active regional tensions.