Following a U.S. missile strike on Sunday, Iran indicated it would suspend all dialogue with Washington and conducted military operations against Bahrain and Kuwait. The parties have now halted their respective strikes and returned to negotiations, though a resumption date remains unscheduled.
The president stated that the nation will receive $6 billion in assets previously held in Qatar, state media reported. The release of Iran's frozen funds represents one of the agreement's provisions.
Officials from Iran and Oman held their initial discussions on overseeing the Strait of Hormuz following contradictory statements regarding future access to the strategic waterway. Officials from Iran and Oman held their initial discussions on overseeing the Strait of Hormuz following last week's apparent differences regarding fees and passage arrangements through the strategically important channel.
Iranian Deputy Foreign Minister Kazem Gharibabadi posted on X that the inaugural Joint Hormuz Committee session took place in Muscat, though no date was provided, and noted that discussions covered existing strait matters and potential future coordination. The waterway, which serves as an important conduit for global oil and gas shipments, has been a source of dispute between Washington and Tehran.
Iranian officials have indicated potential transit charges for vessels using the waterway, a proposal Washington contests on grounds that the strait constitutes international waters. Officials in Muscat have communicated inconsistent stances regarding this matter. On the previous Tuesday, a joint declaration with Iran was issued examining expenses tied to strait administration, followed by clarification that no tolls would be imposed and that a provisional maritime passage would be established with UN involvement. In reply, Tehran indicated that the sole permitted passage lay along a route near its territorial waters.
The memorandum of understanding between the United States and Iran specifies that Iran will hold discussions with Oman to establish future administrative arrangements and maritime operations in the Strait of Hormuz, coordinating with other coastal nations in the Persian Gulf region under international law and respecting the sovereign authority of states bordering the strait, with the agreement stipulating that passage through the waterway remains without charge for a 60-day period following the deal's execution.
The president of Iran announced that $6bn in assets held in Qatar will be transferred to the country. According to state media accounts, the president indicated that arrangements have been made to transfer $6 billion of the $12 billion in frozen assets held in Qatar back to Iran, with work continuing to retrieve the balance. No verification from Washington has emerged regarding the release of any frozen financial holdings. The release of Iran's frozen funds represents a stipulation within the agreement.
Negotiations with Iran are expected to proceed, with both nations reportedly agreeing to de-escalate following recent military exchanges, according to official reports. The spokesperson confirmed that maritime traffic through the Strait of Hormuz would not be restricted.
A source familiar with the discussions indicated that technical delegations from Iran and the United States were scheduled to convene in Doha during the upcoming days, as noted in a Monday report by Reuters. A deputy foreign minister from Iran stated Monday that working groups would not hold technical meetings during the week, as noted by state television.
Officials reported that all Iranian projectiles aimed at military installations in Bahrain and Kuwait were either destroyed or failed to reach their intended destinations. A spokesperson confirmed no injuries to personnel or damage to infrastructure occurred.
Israeli military operations in southern Lebanon continued on Sunday, state media reported, occurring two days following a ceasefire framework, with a legislator from the group stating the actions could provoke domestic tensions. Officials in Lebanon announced that multiple airstrikes occurred throughout Sunday. The Israeli military reported that a soldier died during operations in southern Lebanon. A subsequent communication from military chief Eyal Zamir authorised the continuation of activities within the designated area, consistent with terms of the truce arrangement.
