Strait of Hormuz Tensions Escalate Amid Conflicting Reports on US-Iran Deal and New Shipping Attack

Diplomatic efforts are underway to reopen the strategically vital Strait of Hormuz, with conflicting statements from the US and Iran regarding a potential deal. US President Trump indicated talks were ongoing, while Iran denied direct negotiations, stating discussions were with Oman for a 'temporary route'. This comes as a cargo vessel was reportedly struck by an unknown projectile in the Strait of Hormuz, further exacerbating shipping disruptions and driving global oil prices higher. Yemen's Iran-backed Houthis also claimed an attack on a Saudi airport and an Indian vessel, signaling a broader regional escalation.