US, Iran Explore New Ceasefire Formula via Intermediaries; Strait of Hormuz Reopening on Table

Washington and Tehran are reportedly exploring a new ceasefire formula through intermediaries, with 'slight progress' in communications, per Asharq Al-Awsat. The US insists on concessions, and the reopening of the Strait of Hormuz is part of the discussion. This marks a potential de-escalation in a high-stakes standoff, but details remain unconfirmed and the outcome is uncertain.