The biggest story in global energy and diplomacy right now sits in a narrow stretch of water between Iran and Oman. Iran says it is open. The US says its blockade stays. Trump says a nuclear deal is days away. And somewhere in between, Pakistan is quietly trying to host the conversation that could end a war.
Oil markets swung wildly on the news, down 10% in hours, but traders are not celebrating yet. With two naval forces still facing each other across the same stretch of water, the situation remains as volatile as it is consequential.
Sources: CBS News · Times of Israel · AP · Geo TV
