The Economic Times

US Iran war: Qatar says mediators make progress; Indian ship sinks in the Middle East

Mediators report progress in efforts to end the US-Iran war, which has driven oil prices lower. Qatar's Emir discussed de-escalation efforts with President Trump, stressing the importance of dialogue. Senior US officials expressed optimism about reopening the Strait of Hormuz shipping lanes soon. However, shipping risks remain as a vessel was struck near the strait. Iran seeks full control over inbound shipping and visibility over outbound traffic.