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2026-08-02T17:03:00.000Z

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Gulf Markets' Expansion Strategies

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Gold steady near seven-week low

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Trump and Cerny face growing tariff tensions

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Trump and Cerny face growing tariff tensions
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New proposals halt US Iran strike

New proposals halt US Iran strike

The article concerns diplomatic mediation efforts between the United States and Iran to resolve the Strait of Hormuz crisis. Following threats and de-escalation attempts by U.S. President Donald Trump, limited progress has been made, as Iran has shown openness to a new proposal that involves establishing new arrangements for passing ships and easing oil sanctions, rather than imposing fees on vessel transit. However, it remains unclear to what extent Iran agrees with the proposal and whether it will give up its main demands. The focus of these efforts is on avoiding a potential military escalation that could threaten regional security and impact 20% of global oil trade, amid ongoing tensions over control of the strait and the lifting of sanctions, as regional and international diplomatic efforts continue to seek a peaceful resolution to the crisis.

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