The United States has transferred the Iranian ship Tuska and its detained crew to Pakistan, according to ABC News. The move comes during a fragile ceasefire between the U.S., Israel, and Iran, and follows a U.S.-enforced maritime blockade of the Strait of Hormuz.
This transfer is seen as a major de-escalation gesture, with Pakistan acting as a neutral mediator in indirect peace talks in Islamabad. U.S. envoys Steve Witkoff and Jared Kushner are involved in the negotiations, which aim to resolve the blockade that has disrupted Iranian shipping.
Prediction markets reflect increased optimism: the probability of President Trump announcing a lifted Hormuz blockade by May 31, 2026, rose to 34.5% from 26% in 24 hours. The likelihood of a U.S.-Iran diplomatic meeting by June 30 also ticked up to 33.3%.