Middle East Conflict – Daily Neptune P2P Group update 105 (1600h GST 02 July)

Headlines: Diplomatic engagement between the United States and Iran continued with positive progress reported from the Doha talks. Implementation of the bilateral MoU advanced through new compliance mechanisms and the partial release of frozen Iranian assets, discussions over the future management of the Strait of Hormuz remained ongoing. Regional tensions nevertheless remained elevated as Israel reaffirmed its intention to maintain an indefinite military presence in security zones across Lebanon, Syria and Gaza while continuing operations in Gaza and the West Bank, ceasefire negotiations resumed in Cairo. Ankara entered a major security lockdown ahead of the NATO Summit, Iraq and Turkey reopened discussions on the future of the Kirkuk-Ceyhan pipeline, and an explosive drone struck an Iranian Kurdish opposition camp near Erbil. Direct Tehran-Dubai flights resumed on a limited basis, Brent crude continued to ease, and nationwide protests in Israel marked 1,000 days since the 7 October attacks.


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