Middle East Situation Tracking: Progress in US-Iran Negotiations and Developments in the Strait of Hormuz

According to Jinshi reports, Iranian President Ebrahim Raisi stated that Iran will defend its territory but does not seek to escalate the war. The Iranian Foreign Ministry spokesperson said that the US-Iran negotiations have been assessed as positive on both technical and political levels, but there is currently no established agenda.

Regarding the Strait of Hormuz, the Iraqi Ministry of Oil stated that tankers loaded with Iraqi crude oil have passed through the strait. The CEO of the American Petroleum Institute stated that approximately 7 million barrels of oil are transported through the Strait of Hormuz daily.