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The US Senate voted to block an Iran war powers resolution, reversing course after President Trump clashed with Republican lawmakers in a closed-door lunch. The White House pressured senators to shift positions, and the administration is seeking $70 billion for the war effort.
Oil prices rose after an attack on a cargo vessel in the Strait of Hormuz and renewed US-Iran strikes, raising doubts about the return to normal shipping in the critical waterway. Brent crude saw gains across multiple trading sessions as geopolitical tensions persisted.
Iran aims to earn billions from the reopened Strait of Hormuz, proposing a revenue-sharing model modeled on Turkey's Dardanelles management. The US rejects any tolls, and conflicting accounts emerge over the US-Iran framework deal.
South Korea announced plans to lower fuel price ceilings and freeze electricity and gas rates for the second half of the year to combat inflation, citing easing geopolitical tensions and declining global crude oil prices. The government aims to keep inflation around 3 percent.
The International Maritime Organization has temporarily halted its plan to evacuate over 11,000 seafarers stranded in the Strait of Hormuz after a cargo ship was struck by an unknown projectile. The incident occurred despite a recent US-Iran memorandum of understanding, and Iran has not claimed responsibility. The IMO had earlier announced the evacuation would proceed with regional cooperation.
US Secretary of State Marco Rubio said Gulf countries have 'zero support' for introducing a toll or fee system in the Strait of Hormuz, and that Washington categorically rejects any such payment scheme. A joint US–GCC statement also ruled out holding charges on transit through the strategic waterway, as the two sides stressed the need to reopen it for free navigation.
The UN's International Maritime Organization has paused its evacuation of ships stranded in the Strait of Hormuz after a cargo ship was struck by a projectile off Oman. The attack has raised concerns about the safety of the new transit routes and the stability of the recent US-Iran ceasefire.
Israeli Defense Minister Israel Katz announced that IDF forces will remain indefinitely in security zones in Lebanon, Syria, and Gaza, citing border protection. This comes as US-Iran agreements on ceasefires and nuclear talks advance, while Iran warns of a decisive response to any Israeli attack on Beirut.
Oman and Iran are at odds over temporary shipping corridors in the Strait of Hormuz after Iran's Revolutionary Guards warned that only Tehran-designated routes are safe. The dispute, which threatens a fragile US-Iran ceasefire, centers on control of the strategic waterway and maritime fees.
A cargo vessel reported being struck by an unknown projectile southeast of Oman's Dahit, causing damage to the bridge, with no casualties or environmental impact reported. The incident comes amid heightened tensions in the Strait of Hormuz, with Iran reportedly threatening vessels using the route without Tehran's permission.
US Secretary of State Marco Rubio stated that Gulf nations oppose any toll on the Strait of Hormuz, calling it an international waterway where no country may charge fees. His remarks follow preliminary US-Iran talks and a reported 60-day safe-passage stipulation, with South Korea closely monitoring the situation due to trapped vessels.
Iran's Revolutionary Guard has warned ships to use only Tehran-approved routes through the Strait of Hormuz, days after a US-Iran memorandum of understanding reopened the waterway. Shipowners are caught between conflicting instructions from Iran, the US, and Western insurers, with concerns over potential future tolls.
The Iraqi Oil Ministry denied reports that Baghdad plans to leave OPEC, saying its push for higher production quotas is part of its ongoing policy. The denial follows a Shafaq News report that Iraq was considering quitting the group if its quota demands were rejected.
Three Indian sailors were killed in a US strike on the MT Settebello near the Gulf of Oman. As families mourn, they question the silence of Indian leaders and demand answers, while the Indian government protests and works to repatriate the bodies.
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.
As shipping resumes in the Strait of Hormuz following the US-Iran framework agreement, the perilous task of clearing naval mines begins. Al Jazeera details the types of mines and the international demining effort, while The New York Times reports on the US Navy's shift to drone-based countermeasures.
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.