BETH | B

• Iran reaffirmed that safe navigation through the Strait of Hormuz can only be ensured in coordination with Iran and Oman, warning against any alternative shipping routes that disregard what it describes as its sovereignty.
• IAEA Director General Rafael Grossi said he believes Iran's nuclear material has not been moved since the last inspection, stressing the need to resume comprehensive on-site verification.
• U.S. President Donald Trump announced plans to begin purchasing American wheat and soybeans for Iran, financed with Iranian funds. Treasury Secretary Scott Bessent added that a significant share of those funds will also be directed toward purchasing U.S. food and medical supplies.
• Israel continued military operations in southern Lebanon, announcing the killing of 10 Hezbollah members and stating that the group's losses have reached 3,200 fighters since last March.

BETH Analysis

The focus is no longer on the war itself...

It is on managing the post-war landscape.

Iran is seeking to preserve its role in the Strait of Hormuz, while the IAEA moves back toward nuclear verification. At the same time, Washington appears to be testing a new formula built on security pressure, international oversight, and conditional economic engagement.

Meanwhile, Israel's continued strikes in Lebanon suggest that it is determined to prevent Hezbollah from rebuilding its capabilities, despite the broader regional de-escalation.

The question is no longer:

Has the war ended?

It is:

Has the region entered a new phase of redefining the rules of influence?