Israel Hits Lebanon, US Prepares Fresh Iran Measures

Summary

Bloomberg's Abeer Abu Omar reports on escalating Israel-Lebanon violence and stalled US-Iran negotiations. Washington is preparing an economic isolation plan for Iran, with uncertainty over whether it will target Beijing for buying Iranian oil. Iran and Oman remain in final-stage talks on a Strait of Hormuz shipping route, but attacks on vessels continue.

• Deadliest strikes on southern Lebanon since the June MOU, with an expiration deadline later today.
• The US is preparing an economic isolation plan for Iran, but details on further sanctions are unclear.
• Iran sells 90% of its oil to China, raising the possibility of US sanctions on Beijing and Chinese retaliation.
• Iran-Oman talks on a Strait of Hormuz shipping route remain in final stages after two weeks.
• Attacks on ADNOC-flagged ships in the Strait of Hormuz continue.
• Iran asserts the waterway is a geopolitical asset and its leverage will not return to its former state.
• No progress is visible in wider negotiations or in reopening the Strait of Hormuz.