The United States and Qatar say diplomatic efforts are making progress toward restoring a ceasefire with Iran and reopening the Strait of Hormuz. Officials expressed optimism as mediators continued discussions between the two sides.
The positive developments helped push oil prices down by two percent on Tuesday. However, the strategic waterway remained closed to commercial shipping.
Meanwhile, Britain’s maritime security agency reported that an unidentified projectile struck a cargo vessel near the Omani coast. Authorities have not identified the ship involved.
Mediators Continue Diplomatic Efforts
US Treasury Secretary Scott Bessent said Washington and Tehran were engaged in negotiations. He added that both sides could reach an agreement within days.
Earlier, US President Donald Trump also claimed a breakthrough was close. However, Iran quickly denied holding direct negotiations with the United States.
Qatar, Pakistan, and Oman continued mediation efforts by exchanging draft proposals between Washington and Tehran. Consequently, officials said diplomatic contacts had reached advanced stages.
A senior Pakistani security official also confirmed that discussions with both sides remain ongoing. He said the immediate goal is to bring both parties to formal negotiations.
Hormuz Strait Remains Closed
Despite diplomatic optimism, the Strait of Hormuz remains closed to shipping. The vital waterway normally handles around one-fifth of global oil and liquefied natural gas supplies.
Recent negotiations have focused on a temporary transit arrangement involving Iran and Oman. The previous memorandum of understanding collapsed in July after disputes over vessel movements through the strait.
Officials hope renewed diplomacy will restore the ceasefire and allow commercial shipping to resume safely through the strategic waterway.
