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Oil prices have dropped to levels not seen since before the Iran war began in late February, as traffic through the Strait of Hormuz gradually resumes following a US-Iran interim deal. The resumption has allowed stranded tankers, including Iraqi crude cargoes, to exit the Gulf, though analysts caution that a sustained recovery hinges on a final peace pact.
US Secretary of State Marco Rubio concluded a Gulf tour with assurances that any deal with Iran would safeguard allies' security, as Gulf states fear the accord is too soft. He also denied reports that Israel is trying to undermine the agreement, while Iranian sources warn that US statements during the visit risk derailing the ceasefire.
US Secretary of State Marco Rubio told Gulf Arab allies that any deal with Iran would take their interests into account, as he wrapped up a regional tour in Bahrain. The visit aimed to sell the preliminary US-Iran accord to skeptical partners, while Iran's negotiator called the deal a 'declaration of America's defeat'.
US Secretary of State Marco Rubio, on a Gulf tour, said the US will not accept any country's claim over the Strait of Hormuz or allow tolls on the international waterway. Iran's Revolutionary Guard warned against unauthorized crossings, and oil prices have dropped to pre-war levels.
Iran's Revolutionary Guards have warned that vessels crossing the Strait of Hormuz without authorization will be dealt with, as Tehran and Washington clash over fees and control of the waterway. Oman has announced an alternative route close to its shore, while Indonesia and Singapore vow to keep the Strait of Malacca accessible.
US Secretary of State Marco Rubio discussed the US-Iran deal with UAE and Kuwaiti leaders, reaffirming Washington’s commitment to Gulf security. The 14-point memorandum does not address ballistic missile concerns, and Rubio warned against any tolls on the Strait of Hormuz.
US Secretary of State Marco Rubio has rejected Iran's proposal to charge service fees for vessels transiting the Strait of Hormuz, calling it a path to 'total chaos'. The dispute is a key sticking point in ongoing US-Iran negotiations, with Gulf states also voicing concerns over Iran's regional role.
The International Atomic Energy Agency will conduct inspections in Iran under a preliminary peace agreement with the US, as confirmed by IAEA chief Rafael Grossi. Disputes between Washington and Tehran remain over the scope and timing, with Iran insisting that access to damaged facilities is tied to a final deal.
US Secretary of State Marco Rubio's Gulf tour aims to reassure allies concerned about the US-Iran peace deal, which includes a proposed $300 billion fund. The visit highlights divisions within the Trump administration over Israel's actions in Lebanon, while Israel insists it will not withdraw from southern Lebanon.
Mediators Qatar and Pakistan announced a deconfliction cell involving the US, Iran, Lebanon and others to curb military operations in Lebanon and prevent escalation between Israel and Hezbollah. Israeli leaders rejected the arrangement for excluding Israel and giving Iran a role, while US Vice President JD Vance described it as a step to protect both Lebanese sovereignty and Israeli security.
The UN's International Maritime Organization has launched an operation to evacuate more than 11,000 sailors stranded in the Strait of Hormuz since February, following an interim US-Iran deal. The operation is coordinated with regional states, while shipping traffic is slowly resuming and diplomatic disputes over nuclear inspections persist.
The US-Iran war has ended with a fragile peace, but the conflict has significantly altered the regional balance of power in West Asia. Pakistan has emerged as a key mediator in the talks, a role that has reportedly caused discomfort in Israel, according to the Jerusalem Post.
Russian Security Council Secretary Sergey Shoigu announced that a majority of BRICS delegations have supported initiatives to establish a rapid reaction mechanism and reserve resource funds. The proposals, discussed at a meeting of BRICS high representatives on security issues, aim to enhance mutual assistance and crisis response among member countries.
US Secretary of State Marco Rubio is visiting the UAE, Kuwait, and Bahrain to discuss a preliminary Iran accord with Gulf allies. Gulf leaders are concerned about the deal's provisions, including a $300 billion reconstruction fund and the absence of limits on Iran's ballistic missile program. Rubio expressed hope for constructive dialogue with Iran.
A Kenyan man who traveled to Russia under a government work programme died on the battlefield in Ukraine, prompting his family to accuse Labour Minister Alfred Mutua of betrayal. Reports say many Kenyans were forced to sign contracts with the Russian military, with official estimates citing nearly 300 victims and an intelligence report suggesting over 1,000.
An explosion at Qatar's Ras Laffan industrial zone killed at least 13 people and injured dozens, officials said. The blast occurred during restart operations at the Barzan gas supply facility, attributed to a technical malfunction. Authorities confirmed no impact on exports or environment.
The US Treasury has issued a 60-day general license authorizing the production, delivery, and sale of Iranian oil, a move tied to ongoing negotiations in Switzerland aimed at ending the US-Iran conflict. Iran has committed to free transit in the Strait of Hormuz and to allowing IAEA inspectors, while reports of the release of $12bn in frozen assets remain unconfirmed by Washington. Oil prices fell following the announcement.
US and Iranian negotiators concluded a first round of talks in Switzerland, agreeing on a roadmap toward a final deal within 60 days. Despite a tense opening marked by Trump's threats over the Strait of Hormuz and an Iranian walkout, technical talks will continue, with mediators hailing progress.
Spain recovered from a frustrating opening draw to thrash Saudi Arabia 4-0 in Group H, with Lamine Yamal scoring his first World Cup goal and Mikel Oyarzabal netting twice. Saudi Arabia finished bottom of the group and the president of its football federation resigned, while Uruguay were eliminated after a 1-0 loss to Spain.
Iran's Supreme Leader Mojtaba Khamenei has approved a US peace deal despite reservations, but internal factional differences and hardline opposition threaten its implementation. The deal, which includes a 60-day negotiation period and the lifting of a port blockade, has also drawn criticism from Israeli political factions.