Middle East Conflict – Daily Neptune P2P Group update 104 (1600h GST 01 July)

Headlines: Diplomatic efforts to consolidate the US-Iran military stand-down continued as Qatari-mediated discussions in Doha made progress on technical issues, Iran advanced the release of frozen assets, and Tehran and Muscat launched the Joint Hormuz Committee despite disagreement with Washington over proposed transit service charges. Elsewhere, regional security remained fragile as Taliban drone strikes against Pakistan extended cross-border hostilities. Israel reinforced its military posture in southern Lebanon while operations continued in Gaza and ceasefire talks resumed in Cairo. International concern grew over Israeli settlement expansion and military activity in Syria and Iraq expanded its anti-corruption crackdown. Kuwait strengthened its air defence capabilities with a major US arms purchase. Brent crude stabilised following June’s sharp decline, and Turkey reaffirmed support for the US-Iran ceasefire ahead of the NATO Summit in Ankara.

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