US and Qatar report progress on Iran ceasefire and reopening Hormuz strait

Optimism echoes Trump’s claims on Monday that deal is close as mediators say they are exchanging proposals Middle East crisis live – latest updates US and Qatari officials have said progress is being made in restoring a ceasefire in the US-Iran war and reopening the strait of Hormuz. The optimistic speculation on Tuesday brought oil prices down 2%, but the strait remained closed to shipping and a cargo vessel was reportedly struck by an unidentified projectile off Oman’s coast close to the strait. Continue reading...