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The Wall Street Journal reports that the UAE conducted strikes on Iranian territory, including an oil refinery on Lavan Island, during the recent US-Iran conflict. The report suggests the US quietly welcomed the Emirati involvement, while Iran responded with missile and drone attacks on the UAE and Kuwait. The revelations have raised concerns about Gulf states being drawn into a wider war.
Britain and France are hosting a multinational defence ministers' meeting on Tuesday to turn diplomatic efforts over the Strait of Hormuz into a practical security operation, with more than 40 nations expected. The move comes amid warnings from Tehran of a 'decisive and immediate response' to any foreign deployment, as the closure of the strait has caused what the International Energy Agency calls the largest supply disruption in oil market history.
US President Donald Trump has warned the ceasefire with Iran is on "massive life support" after rejecting Tehran's latest counteroffer to his peace proposal. Iran has responded by saying its military is ready to respond to any aggression, deepening uncertainty about a diplomatic breakthrough.
A new suspected oil slick has been detected near Iran's main export hub of Kharg Island, adding to a larger spill already drifting toward Saudi waters. Satellite imagery reveals an apparent spill covering dozens of square kilometers, raising questions about the state of Iran's aging oil infrastructure amid US sanctions and a naval blockade.
US President Donald Trump is set to visit China to discuss the Iran war and other issues with Chinese President Xi Jinping, with US officials signaling they will press Beijing to do more to pressure Tehran. Analysts suggest China may seek concessions, possibly over Taiwan, in exchange for its help.
Reports indicate growing friction between US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu over the ongoing conflict with Iran, with Trump reportedly disappointed by unmet expectations and Netanyahu asserting full coordination. Pentagon chief Pete Hegseth denies that Israel dragged Trump into war, insisting the president has led at every step.
Iran has submitted its response to a US proposal to end the ongoing conflict through Pakistani mediators, according to Iranian state media. The talks are reportedly focused on ending hostilities, with negotiations also addressing the Strait of Hormuz and a possible interim agreement.
Relative calm has returned to the Strait of Hormuz after days of naval clashes, with Washington awaiting Tehran’s response to a US peace proposal. Iran has questioned the seriousness of American diplomacy, while US officials say they expect a reply soon.
Iran's army spokesman says countries imposing sanctions on Iran will face obstacles transiting the Strait of Hormuz, as Tehran establishes a 'new legal and security system' in the strategic waterway. The warning comes amid ongoing US-Iran strikes and while Saudi Aramco reports a surge in profits due to higher energy prices.
Norway has approved plans to reopen three North Sea gas fields and open 70 new exploration areas, citing the need to secure Europe's energy supply amid geopolitical tensions. The decision has drawn criticism from environmental groups and opposition parties, who accuse the government of greenwashing.
Iran's Islamic Revolutionary Guard Corps (IRGC) has detained the Barbados-flagged oil tanker Ocean Koi in the Gulf of Oman, stating it was attempting to disrupt oil exports and Iranian interests. The move signals a new maritime regime in the region, according to state media and analysts.
The US and Iran traded fire in the Strait of Hormuz, testing a month-long ceasefire. President Trump maintains the truce is still in effect, while Tehran accuses Washington of breaching it. The incident raises concerns about the fragility of the agreement.
Reports indicate that Saudi Arabia refused to allow the US to use its bases and airspace for 'Project Freedom,' a military escort operation in the Strait of Hormuz, prompting President Trump to pause the initiative. The decision followed a call between Trump and Crown Prince Mohammed bin Salman that failed to resolve the dispute.
President Trump’s ‘Project Freedom’ to open the Strait of Hormuz was suspended within a day after Saudi Arabia blocked US military access, prompting Iranian mockery and raising questions about the prospects for peace talks. The plan, which involved US air cover for commercial shipping, collapsed amid lack of consultation and regional tensions.
Iranian officials have publicly rejected US President Donald Trump's assertions of infighting within Iran's leadership, with a high-profile meeting between President Masoud Pezeshkian and Supreme Leader Mojtaba Khamenei intended to project unity. Trump has canceled planned talks, citing confusion among Iranian leaders, while tensions over the Strait of Hormuz and a US naval blockade continue.
A Washington Post investigation, as reported by The Jerusalem Post, found that Iranian strikes have damaged or destroyed at least 228 structures and equipment at 15 US military sites across the Middle East. Separately, Al Jazeera reported a CSIS estimate of equipment losses between $2.3 billion and $2.8 billion, while TASS cited unnamed US officials and a New York Times report to describe potential withdrawals and a troop increase.
Global equity markets rallied overnight with Wall Street's S&P 500 and Nasdaq hitting record highs, driven by renewed hopes for peace and continued AI investment. Oil prices retreated from recent highs, and ASX futures point to a strong rebound at the Australian market open.
President Donald Trump said he has had 'very good talks' with Iran and that a deal is possible before his trip to China, while Tehran reviews a U.S. proposal. The U.S. paused a naval operation in the Strait of Hormuz, and Iran's leaders have expressed skepticism about the reported progress.
Iran is increasingly relying on aging tankers and improvised containers to store crude oil it cannot export due to the US naval blockade, with analysts warning storage capacity could run out within weeks. The situation has raised concerns about potential production cuts and environmental risks, while Tehran explores overland export routes to bypass the blockade.
The last oil tanker from the Middle East has arrived in California, raising concerns about fuel supply and prices. State officials say current stocks can last six weeks, but imports from the Gulf have been disrupted by the US-Israeli war with Iran.