The United Arab Emirates raised its crude exports to 4.4 million barrels per day by routing supplies through its overland pipeline to Fujairah on the Gulf of Oman, expanding daily outbound shipments by at least 1.2 million barrels over pre-war totals.
President Donald Trump welcomed Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani to the White House on Monday to advance diplomatic efforts aimed at concluding the war with Iran. The administration has repeatedly prioritized an orderly resolution, continuing direct engagement even as Secretary of State Marco Rubio noted before traveling to a G7 ministerial meeting in Paris that Washington will not accept inadequate terms from Tehran.
Mediators have reportedly proposed a two-day phased plan under which Washington would lift its naval embargo and release selected frozen Iranian funds in exchange for Tehran reopening the Strait of Hormuz and admitting nuclear inspectors. Iranian President Masoud Pezeshkian confirmed that Tehran remains willing to participate in talks to end the fighting under instructions from Supreme Leader Mojtaba Khamenei.
Energy markets adjusted downward following President Trump's remarks downplaying further conflict escalation. International benchmark Brent crude declined 2 percent to $96.38 per barrel, while U.S. crude dropped 1.5 percent to $89.56.
