Efforts to resolve the US-Iran conflict are “in very progressive stages,” Qatar’s Foreign Ministry said, adding that drafts of a possible agreement “are circulating” but that there are no direct talks between the two sides.
The Trump administration is signaling optimism about a deal on the crucial waterway, with US Secretary of State Marco Rubio saying there has been progress “but not conclusion” on a deal and US Treasury Secretary Scott Bessent hinting at a possible consensus by “today or tomorrow”.
Shipping analysts are less optimistic. Meanwhile, a cargo ship is reported to have lost power after being hit by an unknown projectile earlier in the Strait of Hormuz.
Iran’s goal in its talks with Oman “is to establish temporary agreements,” lasting up to three months, where Tehran can control a route through t