BREAKING: Mediators are working to push the US and Iran into a new ceasefire, per WSJ.
Details include:
1. Mediators are worried the US and Iran could settle into a pattern where they keep conflict below the level of all-out war but disrupt regional economies indefinitely
2. Traffic in the Strait of Hormuz has now collapsed to just 10 ships per day
3. Qatar has floated the idea of a 10-day ceasefire and an end to restrictions on shipping in the Strait of Hormuz to cool tensions
Brent crude oil prices continue to trade around $90/barrel.
President Trump and mediator Pakistan said an initial deal to end the war in the Middle East would be signed on Sunday, although Iran denied the signing would take place so soon
🚨Update: “Let’s Talk…” Pakistan Mediators proposed a 10-day halt in strikes to revive the Iran-U.S. MOU and interim negotiations, from a senior Iranian source!