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President Trump announced a secret US mission to escort oil tankers through the Strait of Hormuz, claiming over 100 million barrels moved. However, shipping data and Energy Secretary Chris Wright's testimony suggest figures may be far lower, with many vessels transiting with Iranian authorization.
Gulf Cooperation Council ministers condemned Iranian attacks on Arab countries, warning of threats to regional stability and global energy supplies. The GCC called for UN intervention and reserved the right to self-defense amid escalating US-Iran confrontations.
Iran's military announced the closure of the Strait of Hormuz to all vessels, prompting US denial and a rise in oil prices. The escalation follows new US strikes and stalled negotiations, with no independent confirmation of the closure's effectiveness.
The IAEA's governing board passed a resolution demanding Iran provide complete information on its enriched uranium stocks and grant inspectors access, as the watchdog warns it cannot verify the location or size of the stockpile. Iran rejected the resolution, calling it politically motivated and legally flawed, while the US and Iran exchanged strikes in the latest escalation.
Pakistan's National Economic Council has slashed the national development budget by 25 percent to Rs3.218 trillion for the next fiscal year, freezing provincial plans and reducing the federal PSDP to Rs1 trillion. The decision prioritises fiscal discipline and defence, with almost all new projects halted except those in the interior and defence ministries. The cut has been attributed to IMF conditions and debt-servicing pressures, with critics noting Pakistan's lagging investment in education and skills.
Iranian armed forces announced the closure of the Strait of Hormuz following US strikes, but US Central Command says commercial vessels continue to transit. Reports of attacks on ships remain unverified, and oil prices rose slightly.
US consumer prices rose 4.2% in May, the fastest annual increase in three years, driven largely by energy costs linked to the US-Israel war in Iran. President Trump said he 'loves the inflation' but promised prices would 'come down like a rock' once the conflict ends.
Iran's Revolutionary Guards say they have struck ships in the Strait of Hormuz after the US launched new strikes on Iran, prompting Tehran to declare the vital waterway closed. US Central Command says commercial traffic continues, while oil prices have risen and India has summoned the US envoy over an attack on a ship carrying Indian sailors.
Iran's military command has threatened to target any ship transiting the Strait of Hormuz, while the US military conducts new strikes. Amid the escalation, diplomatic efforts continue, with reports of a possible memorandum of understanding and discussions about tolls and reconstruction funding.
The U.S. military has conducted new strikes against Iran, targeting military facilities, as President Trump threatens more action and imposes fresh sanctions. Iran has responded with threats to target ships in the Strait of Hormuz, raising concerns about global energy prices and the fragile ceasefire.
A second South Korean-operated vessel has successfully transited the Strait of Hormuz, reducing the number of stranded ships and sailors. An LNG carrier with eight Korean crew members departed after consultations between the shipper and a foreign charterer. Meanwhile, an earlier stranded oil tanker arrived in Ulsan, carrying Kuwaiti crude, as Seoul continues to seek alternative routes for oil imports.
The United States has launched strikes against multiple targets in Iran, according to US Central Command, following the downing of a US Army Apache helicopter. Defense Secretary Pete Hegseth said the attacks are part of ongoing ceasefire negotiations, while explosions were reported in several Iranian cities.
Three Indian sailors were killed when the US military struck the tanker MT Settebello in the Gulf of Oman. The incident has prompted India to summon a senior US diplomat to protest. The US says the ship violated its blockade by attempting to transport oil from Iran.
The United States and Japan have reiterated their commitment to the complete denuclearization of North Korea during defense talks in Tokyo, rejecting Russia's view that the issue is closed. Washington also stated it remains open to dialogue without preconditions, while G7 leaders echoed the same commitment and expressed concern over North Korea's nuclear programs.
South Korean President Lee Jae Myung and EU leaders issued a joint statement strongly condemning military cooperation between North Korea and Russia as illegal and a factor enabling Russia's war in Ukraine. The two sides also called on Pyongyang to comply with non-proliferation obligations and agreed to begin negotiations on a bilateral information security pact.
Israeli air strikes in southern Lebanon have killed at least 17 people, according to Lebanese media, as the military issued evacuation orders including for the Christian quarter of Tyre for the first time. Hezbollah has continued attacks on Israeli troops, and the UN has announced an investigation into possible human rights violations.
The European Union has unveiled its latest sanctions package against Russia, including a proposed ban on Russian military servicepeople entering the bloc, new restrictions on banks, crypto firms, and oil revenues, and a plan to maintain the oil price cap. The proposals, announced by European Commission President Ursula von der Leyen, also target Russia's 'shadow fleet' and fishing industry.
Israeli Prime Minister Benjamin Netanyahu will run in elections due by October, his Likud party announced, after US President Donald Trump questioned his intentions. Netanyahu faces corruption charges and public criticism over his wartime leadership, while he pledges a broader coalition government.
The United States and Iran have exchanged new threats following a round of airstrikes, deepening concerns over the fragile ceasefire. The escalation follows the downing of a US helicopter, with both sides accusing each other of undermining diplomacy.
For the first time, a US Navy autonomous surface vessel rescued two Army helicopter crew members who crashed near the Strait of Hormuz. The Saronic Corsair sea drone, operated by Task Force 59, picked up the pilots within about two hours. The incident highlights the growing role of unmanned systems in military operations.