Current Affairs

US and Iran to Resume Technical Talks in Doha on Strait of Hormuz

Iranian and U.S. technical teams are expected to meet in Doha following weekend strikes that threatened a fragile interim peace accord signed on June 17. Mediators have established de-escalation channels as both sides work to manage the Strait of Hormuz, through which a fifth of the world's oil and liquefied natural gas transits. Iranian President Masoud Pezeshkian announced that $6 billion out of $12 billion in frozen assets would be released following the accord, which includes sanctions waivers on Iran's oil and petrochemical sectors.