IRNA outlines that Iran will not restore the Strait of Hormuz to pre-conflict levels, reports suggest; framework text is said to be close to being finalised

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IRNA says the future administration of the Strait of Hormuz will be resolved as a regional matter via joint decision making between Iran and Oman

FedEx (FDX) is to remove de minimis exemption for low value goods by July 1st

IRNA outlines that Iran will not restore the Strait of Hormuz to pre-conflict levels, reports suggest; framework text is said to be close to being finalised

German Economy Ministry says there is currently no need to release additional strategic crude reserves

Saudi Arabia reiterates a willingness to provie an "Arab umbrella" to support Lebanon stabilitiy, Al Mayadeen reports citing sources

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