Iran says Strait of Hormuz closed as US disputes claim amid ceasefire tensions
Iran said on Saturday that it had closed the Strait of Hormuz again, citing what it described as a breach of the ceasefire memorandum linked to fighting in Lebanon. The claim immediately drew a denial from the United States military, which said traffic continued to move through the waterway. The dispute has sharpened concern around one of the world's most important energy chokepoints at a moment when talks between Washington and Tehran are still under way.Iran's military said the closure was a response to Israeli strikes in southern Lebanon, which it said violated the agreement reached with the United States.... [Continue Reading]
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Iran says Strait of Hormuz closed again amid ceasefire dispute and US denial
Iran's Revolutionary Guard has said the Strait of Hormuz is closed again, escalating a dispute that has already unsettled one of the world's most important shipping lanes. The announcement was linked by Tehran to Israeli strikes in Lebanon and to what it described as violations of a ceasefire arrangement involving the United States. US officials, however, said there was no evidence that the waterway had actually been blocked.The latest statement came as Donald Trump said there would be no toll on passage through the strait unless it was imposed by the United States. He also suggested that any charge could... [Continue Reading]
Three India-flagged oil tankers transit Strait of Hormuz safely
Three India-flagged crude oil tankers have safely crossed the Strait of Hormuz and are now en route to India, according to well-placed sources in the Ministry of Shipping, Ports and Waterways. The vessels are the Desh Vaibhav, Desh Vibhor and Sanmar Herald. Together, they are carrying more than 8.6 lakh metric tons of cargo and have 94 Indian crew members on board.The ministry sources said the Desh Vaibhav is expected to arrive in Vadinar on June 24 with 37 Indian seafarers and 2,86,572 metric tons of crude oil. The Desh Vibhor, carrying 2,88,893 metric tons and 27 Indian crew members,... [Continue Reading]
United States and Iran sign 14-point truce memorandum as nuclear terms remain unresolved
The United States and Iran have signed an initial 14-point memorandum of understanding that sets out a ceasefire window and leaves the nuclear question as the main unresolved issue. The document was signed this week and is described as an initial peace agreement rather than a final settlement. It gives both sides 60 days to negotiate the remaining details, with the possibility of extending that period by another 60 days if no deal is reached.According to the row, the memorandum includes guarantees that Tehran will never obtain nuclear weapons, the suspension of US sanctions against Iran, and financial compensation for... [Continue Reading]
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Trump repeats claims that US strikes in Iran 'wiped out everything'
US President Donald Trump has repeated claims that American strikes in Iran destroyed much of the country's military capability, saying the attacks had knocked out its navy, air force, radar and anti-missile systems. He made the remarks at an event linked to the unveiling of a new Air Force One aircraft, where he also said the United States had "wiped out everything" in Iran. The comments add to his recent public framing of the conflict as a decisive military success.Trump also warned that any further action could affect oil flows through the Strait of Hormuz, saying ships carrying oil could... [Continue Reading]
Oil prices ease after Middle East peace deal as Strait of Hormuz disruption lingers
Oil prices have fallen after a shaky peace deal was announced in the Middle East, easing some of the immediate pressure on consumers and markets. The move comes after months of disruption linked to the blockade of the Strait of Hormuz, one of the world's most important energy shipping routes. Shipping is expected to resume only gradually, and the effects of the disruption are still being felt across fuel and utility costs.At the start of this year, oil was priced at about $60 per barrel, before the outbreak of war pushed it to $118 on 31 March. Since mid-May, repeated... [Continue Reading]
Iran-US memorandum takes effect as Hormuz transit resumes and Switzerland talks loom
Commercial shipping has resumed through the Strait of Hormuz after the United States and Iran brought their memorandum of understanding into effect, according to the supplied rows. The reopening is being treated as one of the first practical signs that the agreement is being implemented, after weeks of disruption to a route that carries a large share of the world's oil. The rows say the deal was signed on 17 June and that transit charges for commercial vessels have been suspended for 60 days.The latest reporting adds that the global market response has been mixed, even with the waterway reopening.... [Continue Reading]
Trump says Iran will receive no money as US-Iran peace deal faces friction over Hormuz access
US President Donald Trump has said Iran will not receive any money, sharpening tensions just days after Washington and Tehran signed a peace agreement that includes a reconstruction and economic development plan for Iran. His remarks came amid confusion over how the deal will be financed and whether the Strait of Hormuz remains open to normal traffic. Maritime reporting also suggested the waterway may have been reclosed or restricted, adding to uncertainty around one of the world's most important energy chokepoints.The agreement was signed on Wednesday, 17 June, by Trump and Iranian President Masou Pezeshkian, according to the supplied material.... [Continue Reading]
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Vance publicly rebukes Israel from White House podium amid US-Iran deal fallout
United States Vice President JD Vance has delivered unusually blunt public criticism of Israel from a White House podium, sharpening tensions already exposed by the US-Iran deal. Speaking on Thursday local time, he said Israel should be grateful for American support and warned Israeli leaders to reassess their stance toward Washington. His remarks came as debate over the agreement continued to widen and as relations between the two allies appeared to be under strain.Vance said President Donald Trump was the only head of state in the world sympathetic to Israel at this moment, and argued that Israeli officials should not... [Continue Reading]
US lifts maritime blockade on Iranian ports as compliance monitoring continues
The United States has ended blockade enforcement on all maritime traffic entering and leaving Iranian ports and coastal waters, according to a statement from US Central Command. The move marks a further step in the maritime de-escalation that followed the signing of a US-Iran peace agreement. CENTCOM said American forces are no longer impeding vessels travelling to or from Iranian ports.In its statement, CENTCOM said all US military blockade enforcement efforts had ceased in line with the president's direction. It added that US naval ships would remain in the general area to ensure the agreement is followed. The decision was... [Continue Reading]
US and Iran sign interim memorandum in France as Brazil urges compliance and end to attacks
The United States and Iran have signed an interim memorandum of understanding in France that is intended to end their conflict and reopen key shipping routes, according to the supplied report. The agreement is being presented as a diplomatic breakthrough after months of war and repeated failed talks. It includes terms that would suspend sanctions, allow free transit through the Strait of Hormuz and halt attacks between the two sides.Brazil's foreign ministry said it welcomed the agreement with satisfaction, while stressing that the terms must be fully respected and that attacks must stop. The ministry said diplomacy was the only... [Continue Reading]
Iran backs direct US talks as Khamenei warns against excessive demands
Iran's supreme leader has publicly endorsed direct negotiations with the United States, in his first reaction to a memorandum of understanding signed by Donald Trump and Masoud Pezeshkian to end the war between the two countries. Ayatollah Mojtaba Khamenei's statement was read on Iran's state broadcaster and later posted in English on his official X account. He said he had authorised the agreement despite holding a different view of it.Khamenei said the decision followed a commitment from Pezeshkian, in his role as head of the Supreme National Security Council, to safeguard the rights of the Iranian nation and the "Resistance... [Continue Reading]
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Pakistan signals fuel price cuts as oil falls after US-Iran peace framework
Pakistan's petroleum minister has said the government is considering reducing fuel prices after the announcement of a peace framework between the United States and Iran. Ali Pervaiz Malik said the administration would "bring good news regarding a reduction in petroleum prices" after the two sides agreed on a plan to end hostilities. The comments came as global oil markets reacted to the prospect of a wider easing in Middle East tensions.Malik said Prime Minister Shehbaz Sharif had already assured the public that any fall in global oil prices would be passed on to consumers. The reported deal is expected to... [Continue Reading]
Iran says Hormuz ships will face fees after 60-day period
Iran has said ships crossing the Strait of Hormuz will be charged a fee after a 60-day period linked to a newly signed memorandum of understanding, directly contradicting Donald Trump's claim that the route would remain toll-free. Mohammad Bagher Ghalibaf, described in the supplied material as Iran's lead negotiator, said the strait would not return to "pre-war conditions" and that Iran has the right to sovereignty over the waterway. The comments add a fresh point of tension to an already fragile arrangement over one of the world's most important maritime chokepoints.The supplied material says the 14-point MoU was digitally signed... [Continue Reading]
Oil falls and Asian stocks rally after US-Iran interim peace deal
Oil prices fell and Asian equities rose on Thursday after the United States and Iran signed an interim peace agreement that eased fears of further disruption to global energy supplies. Brent crude dropped as much as 1.6 percent in early Asian trading, while benchmark indices in Japan, South Korea and Taiwan moved higher. The market reaction came after several days of volatility linked to the war between the two countries and renewed concern over the security of shipping routes in the Gulf.Brent crude was down 1.9 percent in Asia, with August futures at $78.07 by 04:30 GMT, leaving the benchmark... [Continue Reading]
US and Iran finalize memorandum of understanding electronically as Geneva ceremony is called off
Iran's foreign ministry says a memorandum of understanding with the United States has now been finalised and signed electronically by both sides, with the agreement already in force. Foreign ministry spokesperson Esmaeil Baghaei said the text of the Islamabad Memorandum of Understanding had been completed and that it was time to test implementation of the deal. The development marks a shift from uncertainty over whether the arrangement would be signed at all to confirmation that the document has been put into effect.Baghaei said there would be no signing ceremony on Friday in Geneva, as had previously been expected, because the... [Continue Reading]
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Bank of England expected to hold interest rates at 3.75% as inflation stays below forecasts
The Bank of England is expected to leave interest rates unchanged when policymakers announce their latest decision on Thursday at 12:00 BST. Analysts widely expect the Monetary Policy Committee to keep the benchmark rate at 3.75% for a fourth consecutive meeting. The decision comes as officials continue to monitor the impact of events in the Middle East on energy prices and the wider inflation outlook.Official figures published on Wednesday showed UK inflation at 2.8% in the year to May, below what many had feared after the disruption caused by the US-Israel war with Iran. The Office for National Statistics said... [Continue Reading]
US and Iran still signal unresolved details ahead of planned Switzerland signing
The United States and Iran are still presenting mixed signals over a preliminary peace memorandum tied to the war in the Middle East, with a planned in-person signing due in Switzerland on Friday. The document was reported to have been signed virtually at the weekend, but both sides have indicated that important details remain unsettled. The latest statements suggest the process is moving forward, while also leaving open the possibility that the ceremony could still be delayed or fall through.According to the material published on Wednesday, the text of the document was circulated by Iran's state news agency and matched... [Continue Reading]
US-Iran ceasefire MoU advances as officials publish full text and eye Geneva signing
US officials have now published the full text of a memorandum of understanding with Iran that is intended to extend the ceasefire, reopen the Strait of Hormuz and set out a 60-day negotiating track. The document is described as a 14-point, performance-based agreement, with Iran said to benefit only if it meets the commitments laid out in the text. President Donald Trump said at the G7 summit in Evian-les-Bains that the deal could be signed "shortly", potentially as soon as Thursday, although he also indicated the timing could still slip.The text says the US, Iran and allies will declare an... [Continue Reading]
Modi warns G7 war shocks are hitting the Global South in Evian
Indian Prime Minister Narendra Modi has told G7 leaders that disruptions caused by the war in West Asia are likely to weigh on the Global South for a considerable period. Speaking at the outreach session in Evian-les-Bains in eastern France, he said the most vulnerable countries should not be left to bear the burden of these crises alone. He linked the conflict to pressure on fuel, fertiliser and food supply chains, and said international financial institutions should help developing countries absorb the shocks.Modi said the war has affected supplies of LPG, LNG, diesel, petrol and fertilisers, with the near-closure of... [Continue Reading]
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US releases text of ceasefire deal struck with Iran as weekend talks loom
Senior US officials have read out the text of a memorandum of understanding struck with Iran, setting out the main terms of a ceasefire and wider diplomatic deal. The agreement includes American commitments to remove sanctions imposed on Tehran, alongside provisions on uranium down-blending and regional security. Officials said the two sides electronically signed the memorandum over the weekend and are expected to sign it again in person on Friday.The draft text also refers to a $300 billion reconstruction fund for Iran, to be financed through private equity from several countries. It says the US would work to end all... [Continue Reading]
Strait of Hormuz expected to reopen after US-Iran agreement
The Strait of Hormuz is expected to reopen on Friday after nearly four months of disruption, following a US-Iran agreement aimed at ending the Middle East war. The shipping lane is one of the world's most important energy routes, and its reopening is likely to be watched closely by oil markets, ship operators and insurers. The closure had left vessels stranded in Gulf waters and forced maritime traffic to slow or stop.The strait normally carries about 20% of global crude oil supply, according to the supporting material. About 500 ships and 20,000 seafarers were stranded during the shutdown, according to... [Continue Reading]
Strait of Hormuz remains largely blocked after US-Iran deal announcement as shipping stays cautious
Shipping through the Strait of Hormuz remains far below normal three days after a preliminary Iran-US deal was announced, with operators and insurers still waiting for signs that the route is safe and stable. Ship-tracking data cited in the supplied material shows only seven vessels have passed through since Sunday, despite the agreement being described by both sides as reopening the waterway. The narrow passage, which links the Gulf to the Gulf of Oman, is one of the world's most sensitive maritime chokepoints and the latest figures suggest traffic has not yet recovered.The material says that before the war, between... [Continue Reading]
Trump says Iran deal is not final and warns of renewed bombing at G7 summit
US President Donald Trump has said the memorandum of understanding with Iran is not final, warning that the United States could resume bombing if he does not like the deal or if Iran does not behave. He made the remarks at the G7 summit in France, where leaders had already signalled support for the tentative understanding. Trump also said the arrangement does not include immediate sanctions relief for Iran, underscoring that key elements remain unsettled.The comments came as the G7 issued a declaration backing the deal as a way to open the Strait of Hormuz and extend a shaky ceasefire.... [Continue Reading]
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US uses ship-to-ship transfers to keep Gulf oil exports moving amid Hormuz disruption
The United States has been using a large network of ship-to-ship oil transfers to keep Gulf crude exports moving amid disruption in the Strait of Hormuz. The operation has involved moving cargoes away from the most vulnerable parts of the waterway and into larger vessels outside the strait. It has taken place near Sohar in Oman and Fujairah in the United Arab Emirates, according to the supplied material.Reuters-reviewed data cited in the report says at least 116 vessels have taken part since early May. The cargoes have included crude oil, condensates and petroleum products. The transfers are said to be... [Continue Reading]
France and Britain ready military mission to help reopen Strait of Hormuz as deployment nears
France says a military mission assembled with Britain and other partners is ready to deploy to help reopen the Strait of Hormuz after the US-Iran deal ending the Middle East war. The plan is focused on restoring shipping through the narrow waterway, which carries around 20 percent of the world's oil, and on reassuring commercial operators that traffic can resume safely. French officials say the coalition has been built since March and now has enough resources to move from planning to deployment.French President Emmanuel Macron said about 20 countries have made concrete contributions, with four already present in the region.... [Continue Reading]
US-linked oil transfer operation near Strait of Hormuz tied to Apache crash
A US Apache helicopter that crashed near the Strait of Hormuz was reportedly involved in a military-backed oil transfer operation in the waters off Oman, according to a new investigation. The report says the mission used ship-to-ship transfers, with aerial and water drones guiding oil convoys to waiting tankers. It also says the transfers began in early May and may have moved at least 90 million barrels of crude oil since then.The helicopter went down while on patrol off the coast of Oman at about 3.30am last week, according to a later statement from US Central Command. The same report... [Continue Reading]
Trump touts US-Iran ceasefire framework at G7 as Geneva signing nears
US President Donald Trump has said the conflict with Iran is now "finished" and warned that Tehran would face severe consequences if it tries to obtain a nuclear weapon. Speaking on the sidelines of the G7 summit in France, he said the ceasefire framework with Iran was a "wall to a nuclear weapon" and that the only issue that mattered to him was ensuring Iran never gets one. He also said the focus of US diplomacy would now shift to Ukraine, signalling that the Iran file is moving into a new phase.Trump said a memorandum of understanding between the US... [Continue Reading]
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US-Iran deal moves ahead as war toll and global disruption mount
The planned US-Iran agreement has now been described as a real ceasefire and memorandum of understanding, marking a further step in a conflict that has already had wide-reaching consequences. The latest reporting says the deal is intended to halt the war after a fragile ceasefire period, rather than simply signal another diplomatic announcement. It comes after earlier confusion over whether the agreement would be signed in person or electronically.The new account says the war has killed more than 3,400 people and damaged or destroyed tens of thousands of homes. It also says the fighting has caused disruption to food and... [Continue Reading]
Israel says Hezbollah fired rockets and mortars at troops in southern Lebanon
Israel says its forces intercepted rockets launched by Hezbollah towards troops in southern Lebanon, in a fresh exchange along the border. The Israel Defense Forces also said Hezbollah fired an anti-tank missile and multiple mortar shells in several incidents. The report points to continued military tension in an area that has remained volatile despite wider ceasefire efforts in the region.According to the account, the interception took place a short while before the report was published on 15 June. The military said the rockets were aimed at its troops in southern Lebanon, while the anti-tank missile and mortar fire were described... [Continue Reading]
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Trump arrives at G7 in France touting Iran deal and signalling push on Ukraine and Lebanon
President Donald Trump arrived at the Group of Seven summit in Evian-les-Bains, France, on Monday touting a preliminary deal to end the Iran war and signalling that he wants to help end hostilities in Ukraine and Lebanon. He met French President Emmanuel Macron soon after arriving, using the summit to present the agreement with Iran as a major diplomatic success. The visit comes as G7 partners weigh the immediate implications of the deal alongside wider concerns about Washington's approach to allies and global security.Trump said the Iran agreement would bring "a lot of success to the world" and argued that... [Continue Reading]
Trump says US-Iran MoU is signed, no sanctions relief as Strait of Hormuz partially reopens
US President Donald Trump said a memorandum of understanding aimed at ending the conflict in West Asia has already been signed by the United States and Iran. Speaking alongside French President Emmanuel Macron at the G7 venue in Evian-les-Bains, Trump also said there would be no sanctions relief as part of the deal. He added that the Strait of Hormuz has partially reopened after a blockade that had disrupted Gulf oil supplies.Trump told reporters that the agreement was already complete, saying: "The deal's all signed." When asked directly whether the arrangement included sanctions relief for Iran, he replied: "No, it... [Continue Reading]
Trump threatens 100% tariff on French wine as G7 summit opens in Évian-les-Bains
US President Donald Trump has threatened to impose a 100% tariff on French wines and champagnes unless France scraps its digital services tax on American technology companies. The warning comes as he arrives in Évian-les-Bains for the G7 summit, where he is expected to meet French President Emmanuel Macron. The row adds a fresh trade dispute to an already crowded summit agenda.Trump said he had delivered the warning directly to Macron and told him that Washington would have "no choice" but to act if Paris kept the 3% tax. He said the tariff would apply to "all champagnes and all... [Continue Reading]
Asian stocks surge and oil falls after US-Iran deal confirmation
Asian equity markets rose sharply on Monday after Washington and Tehran confirmed a deal to end hostilities and reopen the Strait of Hormuz. The move came as investors reacted to the prospect of lower geopolitical risk to energy supplies and a possible easing of pressure on global inflation. Brent crude fell in response, while US stock futures also moved higher.Japan's Nikkei 225 benchmark index rose 5.5% in morning trading, while South Korea's Kospi climbed as much as 5.7%. Taiwan's Taiex gained as much as 2.7%, and Australia's ASX200 rose about 1.5%. In Hong Kong, the Hang Seng Index was up... [Continue Reading]
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Why the price of gold is trending down amid war-driven inflation
Gold prices have come under pressure as the war involving the United States, Israel and Iran has pushed up inflation and kept interest-rate expectations elevated. The metal fell from a high of $5,303 per troy ounce on 28 January to $4,235 on Friday, according to the supplied report. The decline comes despite gold's usual role as a safe-haven asset during periods of geopolitical stress.The report says the conflict has disrupted traffic through the Strait of Hormuz, a key route for oil and gas shipments, since the start of the war. That has helped drive energy prices higher, feeding into inflation... [Continue Reading]
India protests US strikes on ships in Gulf as death toll of Indian mariners deepens row
India and the United States have sharpened their diplomatic dispute over US missile strikes on commercial ships in the Gulf region after three Indian seafarers were killed in an attack on 10 June. External Affairs Minister S Jaishankar said he had spoken to US Secretary of State Marco Rubio and reiterated India's "strong protest" over what he described as lethal actions against commercial shipping. The exchange comes as Prime Minister Narendra Modi and President Donald Trump head to the G7 summit in Evian-les-Bains, where a possible meeting could add another layer to the talks.The Indian side said the Ministry of... [Continue Reading]
Fear the Shia, Arm the Sunnis: The Uncomfortable Numbers Behind America’s War Narrative
“When fear is managed carefully enough, a nation can be taught to look away from the blood on the floor and stare instead at the shadow on the wall.” A friend of mine, whose name I will not reveal because he asked me not to, sat across from me over dinner and placed a question on the table that would not leave me alone. He was born into a Muslim Shia background, and for the angle of this article, that detail matters, not because I wish to reduce a man to a sect, but because sect has become one of... [Continue Reading]
GAS, GOD, AND GUNS: The Secret Agenda Behind the Washington Talks and the Death of the Maritime Border
The mahogany tables of the U.S. State Department are hosting a ghost today. As official delegations from Israel and Lebanon convene for a third round of high-stakes negotiations this Friday, May 8, 2026, the air in Washington is thick with the scent of a "peace" that looks increasingly like a strategic ambush. While the world watches the diplomatic theatre, the reality on the ground in Southern Lebanon tells a story of a predatory recalibration. Prime Minister Netanyahu isn’t just looking for a ceasefire; he is aiming to hit three birds with one single, devastating stone: the annexation of land, the... [Continue Reading]
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The Mirage of the Umbrella: The Shifting Sands of the U.S.-Israel-GCC Alliance
As I sat in a recent debate at the historic Carlton Club in London, listening to Faisal Abbas, the Editor-in-Chief of Arab News, I felt a tangible shift in the room, not because a new fact had been revealed, but because an old illusion had finally lost its last breath. The old-world order has not merely changed, it has evaporated, leaving the Gulf to realize it is no longer watching a distant fire from the safety of marble towers and air-conditioned ministries, but is instead standing directly inside the smoke. The GCC today is caught in a lethal crossfire between... [Continue Reading]
Shadows of Fire: The Long Arc of Iran–United States Tensions
A Region on Edge: The Latest Escalation In recent months, tensions between Iran and the United States have intensified once again, fueled by disputes over regional security, nuclear development, maritime incidents in the Persian Gulf, and the broader strategic balance in the Middle East. Officials in Washington have expressed renewed concern over Iran’s uranium enrichment levels, while leaders in Tehran have accused the United States of economic warfare through sanctions and diplomatic isolation. The fragile equilibrium that followed earlier rounds of indirect negotiations appears increasingly strained, with both sides engaging in sharp rhetoric at the United Nations, reinforcing military postures... [Continue Reading]





