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US-Iran Talks Step Up
Iran and the United States have intensified indirect talks, mediated by Qatar and Pakistan, to avert a resumption of the war. Supreme Leader Mojtaba Khamenei has granted the government additional authority to negotiate. Tehran announced it was prepared to reopen the Strait of Hormuz within 48 hours, on condition that there be a ceasefire on all fronts, its frozen assets be released, and oil sanctions and the US naval blockade be lifted. Oil prices fell by around 6% amid hopes of de-escalation, despite continued US and Israeli military threats and Iran’s warning that it would respond comprehensively to any new attack.
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