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Iranian and Omani foreign ministers have discussed practical steps for a temporary maritime corridor through the Strait of Hormuz amid sharply reduced shipping. Iranian officials stressed the talks are separate from any reopening decision, which they tied to U.S. conditions, while President Trump said he would designate the waterway U.S. territory.
President Donald Trump has vowed an intensified economic campaign against Iran, with Treasury Secretary Scott Bessent signaling unprecedented measures as soon as next week. Options include secondary sanctions on Chinese refiners and banks, while Iran’s key oil trade with China and ties to neighboring countries complicate enforcement. Officials and analysts outline the scale of existing sanctions and the constraints on further pressure.
US President Donald Trump has repeatedly declared the Strait of Hormuz an 'American territory' amid a naval blockade and escalating tensions with Iran. While Trump asserts total control, international law experts and Iranian officials dismiss the claim as legally and practically impossible, as the waterway remains a critical global chokepoint.
The UAE has accused Iran of attacking an Abu Dhabi National Oil Company vessel in the Strait of Hormuz, marking the third such incident in less than a week. The UAE Foreign Ministry called on Tehran to halt attacks and fully reopen the waterway, while Iran has rejected the accusations. The incident underscores heightened tensions in the region since the outbreak of the US-Israeli war with Iran in late February.
The US is preparing new economic measures against Iran, with President Donald Trump saying Tehran wants a deal but is not ready for the right one. Treasury Secretary Scott Bessent hinted at unprecedented sanctions, while Trump dismissed the importance of the conflict ending before midterm elections, and Iranian media rejected his inflation claims.
President Donald Trump told supporters in South Carolina that he considers the Strait of Hormuz 'an American territory,' escalating his rhetoric amid the ongoing war with Iran. Iranian officials dismissed the remarks as 'fanciful delusions' and reaffirmed Tehran's sovereignty over the strategic waterway.
Reports say the USS Abraham Lincoln's supply problems stem from Iranian strikes on a key naval base in Bahrain, forcing the Pentagon to shift logistics to Diego Garcia. Lawmakers demand an inquiry as crew concerns mount.
US President Donald Trump said he will make the Strait of Hormuz a US territory 'pretty soon' and warned of economic consequences for any country helping Iran, while Iran's Deputy Foreign Minister insisted the waterway will remain Iranian and blockade enforcement will continue until the US accepts defeat.
Washington has announced an unprecedented push to isolate Iran's economy, with Treasury Secretary Scott Bessent pledging to sever every economic lifeline of the 'tyrannical regime.' Iran has vowed to shut down Gulf oil exports if the pressure continues, as diplomatic efforts and a crisis in the Strait of Hormuz deepen.
The US Treasury paid its highest borrowing costs in a quarter of a century at its latest 30-year bond auction, as investors demanded a heavy premium on long-term government debt over inflation and fiscal concerns. A Treasury plan to double bond buybacks gave markets a brief reprieve, but yields quickly climbed again. Stocks were mixed globally, while the White House pressed an economic campaign against Iran.
The USS George Washington has arrived in the Middle East to relieve the USS Abraham Lincoln from its record deployment, as reports of poor conditions aboard the Lincoln spark a heated dispute between officials, families, and lawmakers. While CENTCOM and Navy leaders defend the crew's resilience, families and senators demand answers over food shortages, mental health concerns, and the toll of more than 250 days at sea.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf said Saturday that Tehran received 'numerous messages' from neighboring countries seeking new regional security arrangements, though he did not name any nations. The remarks come as Washington prepares to announce what Treasury Secretary Scott Bessent has called the 'toughest sanctions in history' against Iran.
President Trump asserts the US has 'total control' of the Strait of Hormuz, pledging to keep it, while Iran is described as 'shot' with 'no money.' Yet independent tracking data and official counts suggest traffic remains far below pre-war levels, and analysts dispute the administration's figures.
A Pentagon review has determined that US strikes on Houthi targets in Yemen in 2025 killed 153 civilians and wounded 243 others, a sharp rise from 2024. The deadliest single attack, at Ras Isa fuel port, killed 80 people. The review, reported by Al Jazeera and TASS, comes amid ongoing fallout from the US air campaign.
Shipping through the Strait of Hormuz remains far below pre-war levels, with only a handful of vessels transiting daily, even as President Trump asserts the US has 'total control' over the waterway. Iran conditions any full reopening on the lifting of the blockade and sanctions, while diplomatic efforts to end the conflict remain stalled amid conflicting claims about the strait's status.
With the Strait of Hormuz disrupted by the US-Iran war and Iranian closure threats, Gulf states are scrambling for alternative routes. Saudi Arabia has redirected shipments via its East-West Pipeline, while experts warn that new pipelines cannot solve immediate problems and some countries remain fully dependent on Hormuz.
Pakistan's Foreign Office announced it will implement the Saudi-led multinational maritime defence coalition 'in full earnest', following the deaths of three Pakistani sailors in Houthi strikes on a Saudi cargo ship. The FO also highlighted Oman's lead in negotiations with Iran over the Strait of Hormuz and Pakistan's focus on broader political settlement.
Esmail Qaani, head of the Quds Force, made an unannounced visit to Baghdad to discuss Iraq's plan to disarm armed groups, delivering Tehran's opposition to handing over weapons. As the September 30 deadline approaches, some factions have agreed to integrate, while Kataib Hezbollah and Harakat al-Nujaba have refused.
The South Korean won edged higher against the U.S. dollar in recent trading sessions, supported by exporter dollar sales and falling oil prices, while traders remained cautious over U.S. inflation data and Middle East tensions. Foreign investors showed mixed activity in local stocks, with the KOSPI experiencing sharp fluctuations.
South Korean stocks opened higher on Wednesday, driven by gains in technology shares, despite overnight losses on Wall Street and fading optimism over a potential U.S.-Iran peace deal. The KOSPI traded up 2.35 percent in early trading, with Samsung Electronics leading gains.