Recap of todays events

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Here is a recap of the day’s key developments:

• Iran has told the International Maritime Organisation it will allow “non-hostile” shipping to pass through the Strait of Hormuz, while excluding vessels linked to the United States, Israel and other countries it accuses of aggression, the Financial Times reported.   

• US President Donald Trump on Tuesday told reporters that the US was talking to "the right people" in Iran in order to reach an agreement to end hostilities, adding that the Iranians want to “reach a deal very badly”.

• Shell CEO Wael Sawan warned Europe could face fuel supply shortages as early as next month if the war involving Iran continues. He said the disruption is spreading across regions as energy markets tighten.

• President Donald Trump's approval rating fell in recent days to its lowest point since he returned to the White House, with the US hit by a surge in fuel prices and widespread disapproval of the war he launched on Iran on 28 February, a Reuters-Ipsos poll found.

• Iranian media reported that an airstrike carried out by the “American Zionist enemy” hit a residential area in Tehran, with rescue teams searching for survivors in the rubble.