Recent diplomatic efforts led by Qatar have shown promising advancements in the ongoing negotiations aimed at ending hostilities between the US and Iran. Qatari officials report that mediators are working diligently, with discussions focusing on the reopening of the vital Strait of Hormuz. Notably, the Gulf state estimates a balanced chance of reaching a deal between Iran and Oman in the near future, while the US and Iran are revising earlier proposals. Former President Trump expressed optimism regarding the talks, emphasizing the importance of deescalation. As the conflict persists, regional stakeholders maintain active engagement in pursuing a resolution, despite remaining differences on key negotiation points. Mediators are striving for a ceasefire announcement, with hopes of striking a deal in the coming days.