Iran war mediation falters as Gulf tensions threaten oil supplies

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The developments point to a dangerous escalation surrounding the US-Israeli war on Iran, with Qatar and Pakistan attempting to mediate between Washington and Tehran. Qatar’s demands focus on ending threats to Arab Gulf states and restoring access through the Strait of Hormuz, a critical energy and shipping route. The reported Houthi claim of a missile attack causing a fire at Ras Tanura, the kingdom’s largest refinery, adds further risk to regional infrastructure and global energy markets, although Saudi authorities had not confirmed the incident.

Sources: Reuters