Trump meets Iran envoy

As U.S.-Iran negotiations continued without a breakthrough, attacks and shipping restrictions kept disrupting traffic through the Strait of Hormuz, raising risks and costs for global energy markets. The UAE has used its pipeline to Fujairah to bypass the strait and says oil exports have risen from 3.1–3.2 million barrels a day before the war to nearly 4.4 million, while it invests in additional routes and infrastructure. Experts said military escorts have not restored normal navigation and urged greater energy and supply-chain resilience.

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