Iran Demands Greater Control of Hormuz as Talks Resume

Summary

US-Iran peace talks resume in Doha with Iran demanding greater control over the Strait of Hormuz, even without Oman's cooperation. Commercial shippers are showing increased confidence by using corridors closer to Oman, with 24 vessels carrying up to 11 million barrels of oil transiting yesterday, though still below pre-war levels. Trump also pressures gasoline retailers to lower pump prices as the national average hovers near $3.85 per gallon.

• US-Iran peace talks restart in Qatar, with special envoy Steve Witkow and Jared Kushner leading for the US.
• Iran reiterates intent to oversee the Strait of Hormuz, saying it will act with or without Oman.
• Commercial shipping shows rising confidence, with 24 vessels and 11 million barrels of oil capacity transiting the strait yesterday.
• Transit levels remain below pre-war baselines, suggesting lingering caution.
• President Trump threatens gasoline retailers on Truth Social to bring down pump prices; national average is $3.85/gallon.