Pakistan, May 15 -- Iran said Friday it wants to preserve the current ceasefire to give diplomacy a chance despite distrusting the United States. The UAE also accelerated a major oil pipeline project to bypass the Strait of Hormuz after recent disruptions. The developments are significant for global oil markets, regional stability, and international shipping routes.

Iranian Foreign Minister Abbas Araghchi said Tehran remains open to negotiations if Washington acts seriously. Speaking at the BRICS foreign ministers' meeting in New Delhi, he criticized what he called contradictory US messages. Araghchi also denied Iran caused disruptions in the Strait of Hormuz and said Tehran only acted defensively during the conflict.

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