Iranian and Omani foreign ministers discuss framework for establishing a temporary corridor through the Strait of Hormuz, along with a mine clearance project in the waterway.
The U.S. is unleashing an unprecedented series of economic sanctions to compel Iran's submission, but the effectiveness of this strategy faces significant skepticism.
Iran's foreign ministry strongly criticized new US sanctions as a violation of sovereignty, accusing Washington of forcing other nations to halt trade with Tehran.
Food prices have surged by up to 150% and the currency has lost half its value, forcing millions of Iranian families to drastically cut spending on essential goods.
U.S. officials announced that the aircraft carrier George Washington has arrived in the Middle East, replacing the USS Abraham Lincoln, which had been on a prolonged deployment.
The UAE has accused Iran of firing two ballistic missiles targeting "maritime activities" and announced the suspension of all commercial and financial transactions with Tehran.
President Trump posted a map of the Strait of Hormuz with a circled annotation "new U.S. territory", and announced a continued naval blockade against Iran.