The United States and Iran have agreed to establish a high-level committee to provide political oversight of ongoing mediation efforts, according to mediators Pakistan and Qatar.
The development follows the first round of direct negotiations in Switzerland, which concluded with reports of encouraging progress toward a final peace settlement.
While over 8 million barrels of crude recently exited the chokepoint as shipping resumed, the risk of renewed disruption persists until a comprehensive framework is fully implemented.
The new body is intended to ensure sustained communication between the two sides and monitor compliance with emerging agreements.
Despite the diplomatic advance, the Strait of Hormuz remains a focal point of uncertainty for global energy markets.
While over 8 million barrels of crude recently exited the chokepoint as shipping resumed, the risk of renewed disruption persists until a comprehensive framework is fully implemented.
Germany has reiterated its opposition to any tolls on the strait, backing free navigation as a cornerstone of international trade.