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Iran's military on Saturday reimposed a closure of the Strait of Hormuz, hours after a brief reopening, citing a continued US naval blockade of Iranian ports. At least eight tankers crossed during the window, while two vessels reported being fired upon by Iranian gunboats. US President Donald Trump said the blockade would remain until a peace deal, but Tehran insists it will keep the strait shut.
Pakistan has repaid $3.45 billion in deposits to the United Arab Emirates, completing a major debt obligation amid regional tensions. The repayment, confirmed by the State Bank of Pakistan, follows a $2 billion payment reported earlier and coincides with new financial support from Saudi Arabia and a successful Eurobond issuance.
As the conflict between Iran and Israel and the US winds down, assessments diverge sharply. Jerusalem Post analysts frame the campaign as a strategic success that degraded Iran's nuclear and missile programs, while Al Jazeera argues the war expanded the conflict and imposed heavy costs on Washington.
Iran's Supreme Leader Ayatollah Mojtaba Khamenei, in his first public statements since assuming office, has declared the US suffered a 'shameful defeat' and vowed to protect Iran's nuclear and missile programs. The defiant message comes amid a US naval blockade and Iran's restrictions on shipping through the Strait of Hormuz, with oil prices rising above $120 a barrel. The statements highlight escalating tensions and the strategic importance of the waterway.
Tens of thousands of displaced Lebanese are returning home despite ongoing Israeli shelling and demolitions, as a fragile ceasefire holds. Lebanese authorities report nearly 40,000 homes damaged or destroyed, and aid groups struggle to meet needs.
The Trump administration renewed a one-month waiver allowing countries to buy Russian oil at sea, reversing an earlier decision not to extend sanctions relief. The move aims to ease global energy prices roiled by the US-Israeli war with Iran, but drew criticism from Ukraine and US lawmakers.
Authorities are searching for a man who went overboard from the Carnival Splendor cruise ship off the coast of Brisbane. Carnival Cruise Line confirmed the man was reported missing early Saturday morning, and a review of CCTV footage indicated he had climbed over the safety railing. The incident follows the recent death of a passenger during a snorkeling excursion from the same ship.
Iran announced the reopening of the Strait of Hormuz to commercial shipping, but President Trump insists the US naval blockade of Iranian ports will remain until a deal is signed. The move comes amid a fragile ceasefire, with conflicting signals from Tehran and Washington over the terms of any agreement.
Iran's foreign minister announced the reopening of the Strait of Hormuz to commercial vessels following a US-brokered ceasefire between Israel and Hezbollah. President Trump indicated a deal to end the broader conflict could be reached soon, while the US blockade remains in place until terms are finalized.
Iran has declared the Strait of Hormuz completely open to commercial vessels for the remainder of the ceasefire, leading to a sharp drop in oil prices and a rally in global markets. US President Donald Trump thanked Iran for the move, while the US military maintains a naval blockade, and Iran continues to ban warships from the waterway.
Iran's foreign minister announced the reopening of the Strait of Hormuz for commercial vessels for the duration of the ceasefire, prompting a drop in oil prices. However, the US naval blockade of Iranian ports remains in force until a peace deal is reached, according to President Trump.
Iran's foreign minister and US President Donald Trump have declared the Strait of Hormuz open to commercial vessels during a ceasefire period, though the US naval blockade on Iran remains. The announcement has drawn cautious international reactions, with the EU insisting on toll-free navigation and Iran hinting at possible levies.
Tracking firm Kpler reports that three Iranian tankers carrying five million barrels of crude have passed through the Strait of Hormuz, marking the first such departure since a U.S. blockade began. Satellite data also shows additional tankers loading at Iranian ports, with U.S. officials stating no vessels have broken the blockade so far.
French President Emmanuel Macron and UK Prime Minister Keir Starmer are chairing a virtual summit of around 40 leaders to discuss a future multinational force to secure the Strait of Hormuz after the current conflict ends. The US, Israel, and Iran are not involved, while Germany and Australia have signaled contributions. The meeting aims to restore freedom of navigation and address economic fallout from the blockade.
President Donald Trump has reiterated criticism of Australia's stance on the Strait of Hormuz, saying he is 'not happy' with the ally. Canberra maintains no formal request for help was made, even as Australian officials prepare for potential fuel supply disruptions and face pressure over defence spending.
US Defense Secretary Pete Hegseth said the military blockade of Iran's ports will persist indefinitely and that the US is prepared to strike Iranian energy infrastructure if no nuclear deal is reached. A Pakistani delegation is in Tehran to coordinate talks, while Iran warns the blockade could end the current pause in fighting.
Disruption of shipping through the Strait of Hormuz is raising costs and cash-flow pressures for Indian SMEs, particularly spice traders in Kerala and firms linked to Kandla in Gujarat. Deutsche Welle reports freight rates have jumped sharply while the government has eased some export credit and insurance rules. Economists warn the episode highlights India's exposure to the Middle East trade corridor.
The International Energy Agency's executive director, Fatih Birol, has warned that Europe has roughly six weeks of jet fuel supply left, which could lead to flight cancellations if the Strait of Hormuz remains closed. The crisis, triggered by the Iran war, is expected to drive up fuel prices globally, with developing countries hit hardest.
As Pakistan's army chief shuttles between Tehran and Washington's interests, efforts to revive US-Iran talks gain momentum while Iran warns of expanding its response to the US naval blockade. US Central Command claims the blockade is working, but Iran says a supertanker breached the line.
Pakistan is intensifying its shuttle diplomacy between the US and Iran, with the army chief visiting Tehran and the prime minister touring Gulf states, as Washington expresses optimism about a second round of talks in Islamabad.