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Qatar-Pakistan Extend Hormuz Safe Passage; Oil Prices Drop

7/3/2026

47 6 Full Breakdown

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Story summary
  • Qatar and Pakistan negotiated in Doha to extend the 60-day safe-passage agreement for the Strait of Hormuz.
  • Tracking showed only 34 crossings in the strait, contradicting President Donald Trump's claim of record ship numbers.
  • Iran said it alone would clear mines in the strait, undermining a planned UK-France mission.
  • Oil prices fell after the talks, prompting President Donald Trump to call the decline insufficient and vow pre-war price levels.
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