Iran and US Return to Mediated Talks Amidst Ongoing War Impact

Iran and the United States have returned to mediated talks, and their military actions have been temporarily halted. However, the impact of the war continues to be felt on international waterways beyond the Strait of Hormuz and in domestic markets.

The near-complete closure of the strategic waterway, the obstruction in the Red Sea by Iran-backed Houthi rebels in Yemen, and Ukraine's attack on an Iranian ship in the Caspian Sea have heightened tensions.