"Global Oil Markets on Edge as Diplomatic Efforts Intensify: Amidst the ongoing closure of the Strait of Hormuz, a critical waterway that accounts for a fifth of the world's oil exports, international diplomats are scrambling to find a solution. Talks are underway in Islamabad, Pakistan, and Moscow, with both countries playing key roles in facilitating negotiations between the United States and Iran. Meanwhile, the US government has sent mixed signals, leaving the global community uncertain about its stance on the crisis. As oil prices continue to soar, the world waits with bated breath for a breakthrough in these high-stakes negotiations."


As the Strait of Hormuz stays largely shut and Washington sends mixed signals, talks run through Islamabad and Moscow.