Calm prevails as Qatari tanker sails towards Strait of Hormuz

A relative calm prevailed around the Strait of Hormuz, as the US awaited Iran’s response to its latest proposals for ending the conflict. A Qatari LNG tanker sailed towards the strait, seeking to build confidence, amidst ongoing tensions and attacks. The US is simultaneously ratcheting up sanctions and pursuing diplomatic efforts to de-escalate the situation.