US forces disabled a Palau-flagged oil tanker in the Gulf of Oman after it allegedly broke through an ongoing blockade imposed by the United States against Iran by trying to sail to an Iranian port, the American military said.
Iran has halted strikes on Israel after what it called a painful response over Lebanon, with parliament speaker Ghalibaf saying Tehran broke the equation of a ceasefire repeatedly violated on the ground.
Fitch has raised its 2026 oil and gas outlook to improving, lifting its Brent assumption to $87 on a five-month Strait of Hormuz closure, with prices seen at $100-110 before easing to $70 by September.
The escalating crisis in the Middle East and severe disruptions to energy transportation through the Strait of Hormuz have once again demonstrated how vulnerable the global oil and gas market remains to instability.
The operation followed Iranian missile launches on June 7, in which the Revolutionary Guard deployed long-range solid-fuel missiles at the Ramat David air base in northern Israel.
Iran has fired missiles at Israel in the first such attack since April's ceasefire, after Israeli raids on Beirut's suburbs. Trump says he will urge Netanyahu not to retaliate as talks hang in the balance.
Global oil markets are relying heavily on inventory drawdowns to offset a supply shock caused by the closure of the Strait of Hormuz, with OECD stockpiles potentially reaching stress levels by mid-September if current trends persist, according to Oxf
The US House just voted 215 to 208 to end the Iran war, by passing a new War Act, that is unlikely to have any impact on the Iran conflict as US President Donald Trump is widely expected to veto the motion.
Trump says Iran has agreed not to build a nuclear weapon and that he expects to meet its supreme leader, even as fresh missile strikes on Kuwait and Bahrain test a fragile Gulf ceasefire.
Iran announced that it had struck the headquarters of the US 5th Fleet in Bahrain as well as the Kuwait International Airport, resulting in one death.
Iranian President Masoud Pezeshkian has asked Japan to participate in reconstructing infrastructure damaged in recent US-Israeli attacks, including refineries, in exchange for efforts to restore normal shipping through the Strait of Hormuz.
Infrastructure could boost European energy security, though Russia could move to block it.
A cargo vessel was struck by an explosion from an unknown projectile 40 nautical miles southeast of Umm Qasr, Iraq, UKMTO confirmed, with authorities investigating.
Iran suspends nuclear talks with the US via mediators, citing Israeli ceasefire violations in Lebanon and Gaza, and warns of Strait of Hormuz closure and new resistance fronts.
The most useful comparison for the Iran war of 2026 is not the Six-Day War of 1967. It is the Suez Crisis of 1956. The point is being made openly in Tel Aviv, by columnists who have lost patience with the Netanyahu camp's victory rhetoric.
The world has changed in a very fundamental way. For most of the last century the world has been run on the lines of Great Power Geopolitics: them and us; the enlightened and the barbaric; the rich and the poor.
US and Iran reported a fresh wave of strikes around the Strait of Hormuz, the third escalation in a week, as the IRGC said it hit a US-used air base after an attack on Sirri Island and talks stalled.
Iranian government officials have rejected a foreign media report claiming President Masoud Pezeshkian sought to resign, calling it baseless rumour aimed at undermining national unity.
Oman clears cars for re-export to Iran following the UAE's decision to cut off Tehran from southern imports as tensions continue between Gulf neighbours.
War-driven fuel costs and ceasefire uncertainty are squeezing tourism across Southeast Asia, with Thailand's Middle Eastern arrivals down 57% and airlines raising surcharges sharply.