The United States has called off a planned military strike against Iran following the acceptance of a compromise proposal mediated by Qatar.
The agreement, which aims to de-escalate tensions in the Persian Gulf, centers on a new operational framework for vessel transit through the Strait of Hormuz.
Under the terms reported by Israeli media outlet TV Channel 12, vessels entering the Persian Gulf will remain within Iranian territorial waters, while those exiting the waterway will follow a designated passage route.
Iranian Foreign Minister Abbas Araghchi accepted the proposal, prompting President Donald Trump to suspend the military operation that had been scheduled for Thursday evening.
The cancellation of the strike removes an immediate catalyst for supply disruption in one of the world’s most critical energy chokepoints.
Markets had been pricing in heightened risk of tanker attacks and route closures, which would have severely constrained global oil flows.