[Qatar Prime Minister: U.S. and Iran to Establish Direct Hotline to Ensure Reopening of Strait of Hormuz, Qatar LNG Capacity to Recover Within Weeks] BlockBeats News, June 24 – Qatar's Prime Minister and Minister of Foreign Affairs, Mohammed, stated that the United States and Iran have agreed to establish a direct communication hotline to ensure maritime safety during the demining and reopening of the Strait of Hormuz, preventing misinformation from disrupting vessel passage. This mechanism will provide an official verification channel when ships receive threat information, reducing the risk of misjudgment. Mohammed noted that as the situation in the strait stabilizes, Qatar's liquefied natural gas (LNG) production capacity is expected to return to normal operations within the next few weeks. Qatar Energy has completed the necessary preparations, but the full lifting of force majeure conditions still depends on whether the security conditions in the strait are met. He stated that approximately 30 days after the memorandum of understanding takes effect, shipping volumes through the Strait of Hormuz are expected to return to pre-conflict levels, though restoring market confidence will take time. He also warned that the impact of tight supplies of bulk commodities such as fertilizers, urea, petrochemical products, and helium may gradually emerge between September and October. Mohammed emphasized that there may be forces within Iran and among various factions opposing the agreement and attempting to disrupt the process. The current ceasefire and arrangements for reopening the strait remain fragile, and the real test is just beginning. Additionally, the U.S. and Iran have agreed to extend the ceasefire agreement reached on April 8 by 60 days and to continue advancing nuclear negotiations. The U.S. has also issued a waiver allowing Iran to continue selling oil until August 21 as part of the initial economic incentives to encourage compliance with the agreement. [Original Link]