Tensions between the U.S. and Iran are cooling as mediators push for renewed diplomacy, following a dangerous escalation that included attacks on ships in the Strait of Hormuz and U.S. strikes on Iranian infrastructure. Both sides have held fire for two nights — a major shift after weeks of brinkmanship. While President Trump is reportedly giving diplomacy a chance, no direct talks with Iran are underway — only indirect messaging via Oman, which is helping coordinate safe shipping routes. Iran claims the Strait remains effectively closed, while the U.S. maintains its naval blockade is active. Global energy markets are feeling the strain, with gas prices rising and shipping traffic hitting a three-week low — all while regional officials call the mediation progress “significant.”
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