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Sign InTehran has officially confirmed Foreign Minister Abbas Araghchi's visit to Islamabad, bolstering expectations for US negotiations involving a delegation including Witkoff and Kushner. However, real-time maritime data from the Strait of Hormuz reveals a sharp contradiction to the diplomatic narrative, showing a collapse in vessel movement despite official assurances that the passage remains open. These developments occur amidst regional mediation efforts aimed at reducing geopolitical tensions and lowering market risk premiums. Analysts suggest that the disconnect between official rhetoric and the physical reality of shipping traffic is fueling investor anxiety regarding energy supply stability. Market participants remain cautious as they weigh high-profile diplomatic engagement against the tangible disruption in one of the world's most critical oil chokepoints. The decline in maritime traffic underscores persistent security concerns that overshadow the recent diplomatic momentum.