- Shipping through the Strait of Hormuz is showing early signs of recovery, with 19 vessels crossing on Saturday after days of disruption.
- However, analysts indicate that this increased movement has not yet translated into a significant surge in oil and gas flows through the crucial waterway.
- Diplomatic efforts to resolve the conflict remain stalled, as Iran's offer to ease its control over the strait does not include addressing its nuclear programme.
- Donald Trump cancelled a diplomatic mission before Iran sent a "much better" proposal, while Iran's foreign minister is engaging in talks with Russia.
- Naval mines laid by Iran continue to present a danger in the strait, contributing to elevated oil prices and broader disruptions to global trade.
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