Third day of indirect talks as Qatar tries to negotiate release of $6bn in Iranian assets that could lead to waterway’s reopening

Officials from the Gulf states are “braced for the worst” as they wait for Washington’s response to an Iranian proposal that could reopen the strait of Hormuz before the US midterm elections on Tuesday.

Indirect talks in Doha ran into a third day on Sunday with Qatar trying to negotiate the release of more than $6bn in Iranian assets, which could lead to the reopening of the strait of Hormuz and the restart of negotiations on Iran’s nuclear programme.