Middle East Tensions Escalate: Uncertainties in the Strait of Hormuz Ceasefire and Regional Negotiations
President Donald Trump expressed skepticism about the effectiveness of the recent two-week ceasefire in the Strait of Hormuz, as Kuwait accused Iran and its proxies of launching drone attacks despite the ceasefire. Iran's Revolutionary Guard denied involvement in the attacks on Persian Gulf states. Israeli Prime Minister Benjamin Netanyahu approved direct talks with Lebanon, with negotiations expected to take place in Washington next week. Uncertainties remain regarding Iran's enriched uranium stockpile, the resumption of normal traffic in the Strait of Hormuz, and Iran's support for armed proxies in the region.
Reports of air defense fire and explosions were heard around Tehran and other parts of Iran, but the government did not confirm any attacks. Japan announced plans to release an additional 20 days' worth of oil reserves in May to address supply concerns due to the conflict in the Middle East. Prime Minister Sanae Takaichi stated that Japan aims to secure oil imports through routes that do not involve the Strait of Hormuz and diversify its suppliers. Pakistan will issue visas on arrival for those attending the Iran-U.S. talks in Islamabad, indicating global interest in the event.