Headlines: US-Iran diplomacy continues with Trump stating the sides are “close to finalizing” a deal involving strong inspections, while Iranian officials publicly downplay the immediacy of any agreement and reject US demands for control over Iran’s nuclear programme. Multiple sources identify Iran’s demand for the immediate release of USD 12 billion in frozen assets held in Qatar as the principal remaining obstacle to signing a memorandum of understanding. Iranian Supreme Leader Ayatollah Mojtaba Khamenei warns Gulf states against hosting US military presence, while Israeli operations intensify in Lebanon with more than 120 reported airstrikes and expanded ground activity north of the Litani River. The US JMIC assesses the regional maritime threat remains CRITICAL as Strait of Hormuz traffic falls to three total transits on 25 May. UKMTO classifies an explosion involving a tanker in the Gulf of Oman as an attack.
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