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Latest Nexuswild reporting, analysis and context connected to Iran.
The U.S. and Iran exchanged their heaviest attacks since July as Iranian missiles and drones targeted U.S. facilities across the region, raising risks for Gulf security, shipping and oil markets.
Iran is drafting formal conditions to reopen the Strait of Hormuz as Qatar mediates and the US claims shipping lanes are cleared of mines, though commercial traffic remains far below normal.
Iran has proposed excluding military vessels from the Strait of Hormuz under a new traffic-management agreement with Oman, though negotiations on the commercial corridor remain ongoing.
Iran and Oman are working on a temporary navigational corridor through the Strait of Hormuz, but the proposed route has not yet been formally announced or confirmed as operational.
Iran has escalated pressure on shipping in the Strait of Hormuz, warning of fines and confiscation while advancing new transit fees as vessel traffic plummets.
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