The US-Iran conflict continues to escalate, with President Donald Trump rejecting a proposed deal that includes fees in the Strait of Hormuz. Meanwhile, the Indian Embassy in Tehran has revised its travel advisory, urging citizens to avoid non-essential travel to Iran. Pakistan has announced that the next round of technical talks between the US and Iran will be held next week.
Oil prices have fallen to their lowest levels since the start of the war, touching $76 a barrel. Iran has agreed to release $12 billion in frozen assets, alongside sanctions relief and a proposed $300 billion rehabilitation fund. However, Trump has criticized the deal, saying it is 'unacceptable.'
The International Atomic Energy Agency has announced that inspectors will soon be allowed to visit Iran's uranium enrichment facilities. Qatar's Prime Minister has called for a direct hotline between the US and Iran to prevent rogue actors from disrupting the reopening of the Strait of Hormuz.
The US Senate has voted 50-48 to end US military hostilities with Iran, despite Trump's opposition. The resolution relies on the 1973 War Powers Act, which has long been disputed. The practical effect of the vote remains uncertain.
Meanwhile, the US has granted Iran's national football team an extra day to prepare for its upcoming World Cup match in Seattle. Trump has also put a condition on the release of Iran's frozen funds, saying they can only be used to buy food and medical supplies from the US.
Oil prices have continued to decline, with Brent crude slipping below $77 a barrel. The Strait of Hormuz has seen a significant increase in tanker traffic, signalling growing confidence that disruptions to global energy supplies may ease.
