Relations across the Gulf have been ruined following more than 100 days of war between Iran, Israel and the US with the Gulf neighbours to the south and east of the Islamic Republic left exposed following a new memorandum with the Trump admin.
Israeli politicians from coalition and opposition have condemned the US-Iran memorandum of understanding signed without Israel's involvement, as Tel Aviv shares fell.
Iran's executive vice president Mohammad Jafar Ghaempanah has said the deal with the US will secure all of the country's national interests, hinting at the release of billions in frozen funds.
The US and Iran have agreed to end their war and reopen the Strait of Hormuz, Pakistan said, with President Donald Trump authorising the lifting of the US naval blockade in a deal set to be signed in Switzerland ahead of markets opening on June 15.
Pakistani PM Shehbaz Sharif says a final text of a US-Iran peace deal has been agreed, with Islamabad finalising next steps, as US Vice President JD Vance warns against false claims over the terms.
The United States and Iran have reportedly agreed the text of a memorandum of understanding that would extend their ceasefire, reopen the Strait of Hormuz and open the way to further talks on Tehran’s nuclear programme.
Tehran Friday prayer leader Khatami says the US understands only the language of force, dismisses talks and ceasefires, and warns of a decisive Iranian response to any aggression.
US President Donald Trump says he has cancelled planned strikes on Iran after a deal was approved at the highest level of Iranian leadership, with a naval blockade to stay in force until it is finalised. Iran has not confirmed.
US President Donald Trump says the United States will hit Iran hard and signals an intention to take Kharg Island and Iran's oil infrastructure, comparing the approach to US policy on Venezuela.
Israeli data security company Cyera has raised $600mn in a new funding round at a $12bn valuation, cementing its position as one of Israel's most valuable private technology companies with backers including Accel, Blackstone, and AT&T Ventures.
Trump says there won’t be military conflict between Israelis and Turks “while I am president”.
The United States says it has launched strikes against targets in Iran, as Iranian state media report explosions near Minab and Sirik, in accounts that official Iranian sources have yet to confirm.
Trump declares Iran a "failed nation" as he claims the US naval blockade is history's most effective, saying Tehran cannot pay its military and its armed forces have been "completely defeated."
Albania's Edi Rama has hit back at Iran over alleged cyberattacks as his government suspended Jared Kushner's $4.7bn island resort amid protests and an EU warning that the project threatens Albania's accession bid.
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.
Yemen's armed forces have declared a total ban on Israeli shipping in the Red Sea, calling any Israeli vessel a military target, as Iran's missile strike on Israel widens the regional conflict.
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.