US CENTCOM says Iranian Ship Touska that was captured by US Forces has been handed over to Pakistan along with the crew so that it could be returned to Iran, Pakistani journalist Mallick posts
The handover of the Iranian ship Touska could signal a thaw in US-Iran relations, especially in light of the discussions mentioned by Mallick.
Australian PM Albanese said Australia signed a joint declaration on economic security cooperation with Japan; agreement will make the countries more resilient to economic shocks and uncertainty
"Despite the war, Iran continues to export to six key markets, including China, India, Russia, Turkey, Oman and Armenia", SNN reports citing the Iranian Bushehr Chamber of Commerce
US CENTCOM says Iranian Ship Touska that was captured by US Forces has been handed over to Pakistan along with the crew so that it could be returned to Iran, Pakistani journalist Mallick posts
[CALENDAR ADDITION] US President Trump to participate in the "Small Business" summit at 15:00EDT/20:00BST on May 4th
The new Strait of Hormuz initiative will not necessarily include US Navy ships escorting commercial ships, according to two US officials cited by Axios' Ravid; US Navy ships will be "in the vicinity"
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- "Alongside Pres Trump's announcement discussions with Iran that can lead to something positive -- Compelled to say, Game Set Match -- Deal!", Mallick says
If this leads to positive diplomatic outcomes, it may also affect market sentiment, particularly in energy and commodities, as traders gauge the implications for oil supply and geopolitical risk.
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