Strait of Hormuz Reopens—But Only for ‘Neutral’ Vessels
Iran’s surprise announcement this week to allow ships it deems "non-hostile" through the Strait of Hormuz—with its approval—sent oil prices tumbling 5% 📉. The move comes amid conflicting claims about US-Iran negotiations, with former President Donald Trump stating talks are "under way right now," while Iran’s ambassador to Pakistan denied any discussions. 🤨
Military Strikes & Diplomatic Whiplash
US and Israeli strikes hit Iranian weapons factories in Isfahan and underground bunkers on Greater Tunb Island this week 💥. Meanwhile, Gulf Arab states warned the UN that Iranian drone attacks threaten their survival, and Lebanon expelled Iran’s ambassador, sparking fury from Hezbollah. 🚨
China Steps In as Mediator
Amid the chaos, China’s foreign minister reaffirmed Beijing’s commitment to diplomatic mediation, holding talks with Iran. Chinese shipping giant COSCO also resumed cargo bookings to Gulf countries, signaling cautious optimism 🚢✨.
What’s Next?
Pakistan’s PM offered to host US-Iran talks, with sources claiming discussions are "advanced."
The US plans to deploy thousands more troops to the region.
Global markets remain on edge as the UN warns of "catastrophic" risks near nuclear sites.
