The Strait of Hormuz is one of the world's most important energy chokepoints, carrying a large share of seaborne oil and liquefied natural gas. Any prolonged disruption there would ripple through fuel prices, shipping insurance and global supply chains, which is why markets and governments alike are watching the talks closely.
At the same time, military threats have not eased. According to the briefing, United States President Donald Trump has ruled out fresh strikes before Tuesday's midterm elections but not afterwards, keeping pressure on the negotiations even as diplomats search for a deal.
The talks, mediated by Qatar, are the latest attempt to lower tensions that have built up around the waterway in recent weeks. Previous rounds have produced pauses rather than lasting settlements, and officials on both sides have been careful not to promise a breakthrough before the details are agreed.
What happens next will depend on whether negotiators can turn the reported two-day reopening proposal into a written commitment with verification steps both sides can accept. Until then, shipping companies, energy traders and neighbouring states are likely to keep contingency plans in place, and the region remains on edge despite the progress at the table.