WRAPUP 3-US, Iran no closer to ending war as Qatari tanker sails toward Strait of Hormuz

Despite a lack of progress in peace talks between Iran and the United States, a Qatari LNG tanker is sailing towards the Strait of Hormuz, signaling a potential attempt to build confidence. Recent clashes between the U.S. and Iran have heightened tensions, but the vessel’s transit was approved with Qatar and Pakistan acting as mediators. The U.S. is intensifying sanctions and pursuing diplomacy as President Trump prepares to visit China, amid concerns about the conflict’s impact on global energy markets.