“We are keeping all options on the table,” said a US official, reflecting the cautious stance in Washington as tensions with Iran escalate. Amid accusations that Tehran violated a maritime agreement from June, the US reportedly sent a peace offer to Iran through Qatar. The move comes as Gulf leaders scramble to prevent a fresh outbreak of conflict in the region.

The crux of the dispute lies in the Strait of Hormuz, a critical shipping chokepoint. Iran’s demands include new service fees and tighter control over navigation rights, raising alarms among international maritime operators and threatening to disrupt global oil supplies. Oman has stepped forward with voluntary proposals to ease the strain, but the situation remains fragile.

Meanwhile, former President Trump has reportedly kept the possibility of military strikes under review, adding uncertainty to the diplomatic efforts. This delicate balance shows the complex web of regional interests and the global stakes tied to Gulf security. The maritime friction and shifting alliances continue to reverberate through markets and political circles alike.

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