- Iran and Oman appear close to a deal to reopen the Strait of Hormuz, which could restore oil flows and prompt the U.S. to lift its blockade—potentially easing energy prices.
- Shipping in the strait has been attacked during the conflict; Abu Dhabi’s ADNOC says 15 of its vessels were struck, with one crew member killed and 20 wounded.
- Saudi Arabia, Pakistan and Turkey signed a defense pact this week to deter aggression, a move that could reshape regional security dynamics with Iran.
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