Day 60 of Iran War: Trump Team Reviews Iran Proposal; UAE Quits OPEC

US President Donald Trump’s national security team is reviewing an Iranian peace proposal as negotiations with Tehran remain deadlocked.
Iran has suggested deferring nuclear talks until the war ends and disputes over Gulf shipping are resolved, an approach opposed by Trump.
Oil prices extended gains on Tuesday as traffic through the Strait of Hormuz remained sharply constrained, with only a small number of vessels transiting and some tankers turned back.
Dozens of countries have called for the “urgent and unimpeded reopening” of the vital waterway, which carries roughly one-fifth of global oil supply...
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