Overview
- Israeli strikes in Lebanon, which Israel says fall outside the truce, drew Iranian warnings Thursday that talks would be meaningless if the attacks continue, with U.S.–Iran negotiations still set for Saturday in Islamabad.
- Traffic through the Strait of Hormuz remains a fraction of normal since the pause announced Tuesday night, and President Trump said late Thursday that Iran was doing a very poor job allowing oil to pass.
- Iran’s 10-point proposal seeks to retain control over Hormuz, win acceptance of nuclear enrichment, and secure broad sanctions relief, while the U.S. insists on free navigation and limits on Iran-aligned groups.
- Prime Minister Benjamin Netanyahu ordered his government to pursue talks with Lebanon on disarming Hezbollah, yet pledged to keep striking as Hezbollah resumed fire following Wednesday’s mass-casualty bombardment in Beirut.
- Oil hovered near $100 a barrel and U.S. diesel averaged $4.17 a gallon as hundreds of ships queued to exit the Gulf, raising costs for drivers and refineries that depend on the Hormuz route for crude and fuel.