Iran Formally Suspends Ceasefire Negotiations (Day 94); IRGC Quds Force Chief Warns Bab el-Mandeb Could Become Like Hormuz

On June 2, 2026 — Day 94 of the US-Iran war — Iran formally announced the suspension of all negotiations and message exchanges with the United States via intermediaries. Iranian Foreign Minister Araghchi stated that the ceasefire 'is unequivocally a ceasefire on all fronts, including in Lebanon,' and that Israel's escalating offensive in southern Lebanon's suburbs constituted a violation of the ceasefire framework — nullifying the broader truce. IRGC Quds Force commander Brigadier General Esmail Qa'ani separately warned that the Bab al-Mandab Strait — the strategic chokepoint between Yemen and Djibouti through which approximately 4.7 million barrels of oil transit daily — would face the same traffic restrictions as the Strait of Hormuz if Israel continued operations in Lebanon and Gaza. Iran also threatened seizure of Bahraini and Emirati territory if the US 'makes any mistakes.' In response, Trump posted on Truth Social that talks were continuing at a 'rapid pace,' then told CNBC the talks 'started to get very boring' and he didn't care if they ended. Trump told ABC News he believed a deal to reopen the Strait of Hormuz was reachable 'over the next week.' A regional source later told CNN that talks appeared back on track hours after Iran's suspension. Brent crude oil futures fell to approximately $91-96/bbl on signs of potential resumption.