Pakistan Says US-Iran Are Close to an Arrangement on Strait of Hormuz

Pakistan's defense minister signaled optimism that the US and Iran are close to a Strait of Hormuz arrangement, but publicly both sides are digging in with new compensation demands. Bloomberg's Tyler Kendall reports on satellite imagery showing ships turning off transponders to shuttle cargo, a reported US attack on a vessel, a resulting oil price spike, and a Jones Act waiver extension to ease fuel transport. - Pakistan defense minister says US-Iran talks are shaping up in favor of peace - Trump demands Iran pay compensation to families of protesters, Iran demands war damages - Satellite imagery shows ships transiting Strait of Hormuz with transponders off, performing shuttle transfers - At least 12 cargo switches reported yesterday - Wall Street Journal: US fired on a Panama-flagged vessel trying to break the blockade - Oil prices spiked on the attack report - Jones Act waiver extended 90 days to ease transport of gas, diesel, jet fuel