The United States and Iran say diplomatic efforts are making progress after nearly two weeks of military escalation that saw daily exchanges of strikes.
US officials say President Donald Trump has paused further military action to give negotiations more time, while Iranian officials describe talks with Omani mediators on the future management of the Strait of Hormuz as productive.
Despite the diplomatic progress, tensions remain high. Iranian authorities say an oil tanker struck a naval mine after leaving a designated shipping route through the Strait of Hormuz, underscoring the continuing risks to one of the world's most important energy corridors.
The report also examines Iran's warning over Ukraine's attack on an Iranian vessel in the Caspian Sea, renewed concerns about regional security and the impact of the conflict on global oil markets.
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