Qatar is mediating a draft proposal to restart United States and Iran talks. This initiative aims to de-escalate current tensions and prevent further conflict. Oil prices saw a slight decrease following this diplomatic development. Diplomatic efforts focus on restoring shipping through the Strait of Hormuz. Iran maintains its authority over regulating maritime traffic in the waterway.

Qatar says U.S.-Iran mediation efforts ongoing, draft agreement under discussion-

DOHA — Mediating nation Qatar said on Tuesday that efforts for a diplomatic solution between the United States and Iran were ongoing but that there...