- President Trump has threatened to impose tolls on the Strait of Hormuz if a deal with Iran is not completed.
- Iran had previously said that it would close the crucial waterway to tankers, citing alleged ceasefire violations by the US and Israel.
- The US military confirmed that traffic continues to flow through the Strait and it is monitoring the situation.
- Vice President JD Vance has arrived in Switzerland to formally launch Washington’s negotiations with Iranian leaders.
- Iranian negotiators, including parliamentary speaker Mohammad Bagher Qalibaf and foreign minister Abbas Araghchi, are also in Zurich for the talks.
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