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President Donald Trump has denied reports that the US is running low on key munitions in its war with Iran, threatening jail for leakers. The reports, from The Washington Post and CNN, claim shortages have constrained strategy and led to a clash with Pentagon chief Pete Hegseth.
As the US-Iran war enters a critical phase, uncertainty over the Strait of Hormuz's closure and escalating attacks on energy infrastructure raise questions about the conflict's duration. Both sides appear entrenched, with Iran leveraging its control over the strait and the US maintaining a naval blockade, while diplomatic efforts via Oman struggle to find a breakthrough.
The Alpine Club of Pakistan confirmed that the bodies of Nirmal Purja and four other climbers were airlifted to Skardu after an avalanche on Broad Peak. The search continues for missing climbers, including Pakistani mountaineer Sohail Sakhi and American Sarah Mallory Geis.
Iran and Oman are reportedly on the verge of an agreement to reopen the Strait of Hormuz, a move that could restore the US-Iran ceasefire and ease global energy market disruptions. Al Jazeera reports that while the US insists on unrestricted navigation without tolls, Iran has signalled it may introduce a fee system for ships.
South Korean stocks fell sharply on Thursday, with the KOSPI closing down 4.58% as tech shares, led by Samsung Electronics and SK hynix, suffered heavy losses. The decline was attributed to lingering concerns over AI profitability and losses in U.S. chip stocks, while the local currency rose and the Dow hit a record high.
Oil prices slipped on Thursday as investors assessed progress in Iran-Oman talks over the Strait of Hormuz, which could pave the way for a U.S.-Iran peace deal. U.S. President Donald Trump said a deal could be announced this week, while Iran reported that negotiations are in their final stages.
Iran announced it is in the 'final stage' of drafting an agreement with Oman over the Strait of Hormuz, while US President Donald Trump said a deal could come this week. The potential reopening of the critical waterway could ease global economic pressure and pave the way for renewed US-Iran nuclear negotiations.
Yemen's Houthis have attacked two Saudi oil tankers as part of a maritime blockade, threatening Saudi oil exports via the Bab al-Mandeb strait. The escalation, which includes a surge in Saudi crude shipments through the waterway, raises concerns for global oil markets and India's imports.
Iran announced an agreement with Oman on shipping routes through the Strait of Hormuz, with final arrangements still being drafted. The deal, reported by Iranian state media and international outlets, comes amid a US naval blockade and heightened tensions.
SpaceX shares fell more than 13% a day after its first quarterly report as a public company, with investors wary of heavy spending on AI and data centres despite revenue beating expectations. Al Jazeera reported the company lost $541m but revenue jumped 90% to $7.8bn.
Iran and Oman have agreed on the geographic coordinates for a shipping route through the Strait of Hormuz, with a joint announcement in final stages. The proposed deal would give Tehran control over vessels entering the Gulf, a significant concession amid the ongoing war with the US and Israel.
Iran and Oman have agreed on geographical coordinates for a new route through the Strait of Hormuz, according to Iran's Foreign Ministry. Negotiations continue on the temporary route, which could operate for two to four months. The agreement does not automatically mean the strait will reopen to maritime traffic.
Israel's military resumed strikes on southern Lebanon on Wednesday, blaming Hezbollah for ceasefire violations, as U.S.-backed talks continued in Rome. At least one person was killed and 11 wounded, while two Israeli reservists died in combat. The talks are expected to resume Thursday.
US President Donald Trump says a deal to reopen the Strait of Hormuz could come as soon as Wednesday or Thursday, while warning Iran it would be 'hit very hard' if talks fail. Treasury Secretary Scott Bessent also expressed hope for a deal in the coming days, and oil prices eased on the news.
US stock markets surged to record highs on Monday and Tuesday, driven by strong corporate earnings and hopes for a deal to reopen the Strait of Hormuz. Oil prices fell sharply, while US and Iranian officials offered conflicting signals on the status of negotiations.
Iran says talks with Oman on the Strait of Hormuz are proceeding 'positively,' while US officials report progress and hint at a potential agreement soon. Qatar and Pakistan are also involved in regional mediation efforts.
US Secretary of State Marco Rubio says progress has been made in talks between Oman and Iran over the Strait of Hormuz, with Treasury Secretary Scott Bessent suggesting an agreement could be reached as early as “today or tomorrow.” Iran’s foreign ministry spokesperson described the Omani-mediated discussions as “positive” and continuing, though differences remain over operational details.
Seventh round of US-brokered talks between Israel and Lebanon resumes in Rome, focusing on Israeli withdrawal from southern Lebanon and Hezbollah's disarmament. Hezbollah's chief Naim Qassem publicly denounced the talks, saying they would bring 'shame and humiliation,' while both sides remain split on key issues.
Qatar has confirmed that Washington and Tehran are exchanging draft peace agreements through Qatari, Omani, and Pakistani mediators. The Emir of Qatar and US President Donald Trump discussed efforts to ease US-Iran tensions in a phone call, with Trump stating he canceled a planned strike on Iran to facilitate a deal.
An Indian-flagged commercial vessel, MSV Faize Noore Oliya, sank in the Red Sea after being struck by a projectile near Yemeni waters. All 14 crew members, including 13 Indians, were rescued by Yemen's coast guard. India condemned the attack, while Yemen's internationally recognized government blamed Iran-backed Houthi rebels.