The US and Israel are considering two options: a 10-day ceasefire to open the Strait of Hormuz or a joint military campaign. Trump has not yet made a decision but is preparing for escalation.
A tanker was hit by a shell in the Strait of Hormuz off the coast of Oman. UKMTO called on ships to exercise increased caution due to the rise in incidents in the region.
UKMTO reported that two vessels were struck by unknown projectiles off Oman and the UAE. One vessel is drifting and on fire, the crew has been evacuated.
Brent oil prices increased by 3. 14% to $90.87 per barrel due to the escalation of military actions between the US and Iran. The conflict has restricted oil supplies through the Strait of Hormuz, causing the largest weekly increase since April.
Oil tanker Kavomaleas stopped near Oman after IRGC's statements about attacks on ships. Traffic through the strait has almost stopped due to the escalation between the US and Iran.
The tanker Carolin Bezengi, which was transporting Russian oil, likely caused an oil spill off the coast of Oman. The cause of the incident has not yet been determined.
Minister of Foreign Affairs Andrii Sybiha condemned Iran's missile strikes on UAE oil tankers in the Strait of Hormuz. Two Ukrainian citizens were injured as a result of the attack.
Iran launched a missile strike on two UAE oil tankers in the Strait of Hormuz. An Indian citizen was killed, two Ukrainians and six Indians were injured.
The Iraqi army attacked three border posts and an offshore drilling platform in Kuwait amid US and Iranian strikes. One employee was injured.
Pete Hegseth canceled a planned visit to Israel, where he was to meet with Netanyahu. The cancellation came amid US strikes on Iran and Iranian attacks on tankers.
Iran has accused the US and Israel of using Starlink and is threatening attacks on Musk's assets. Ground stations in Qatar, Jordan, and the UAE are under threat.
Trump asserted the right to attack Iran over the downing of an Apache helicopter by a drone. The US President announced new powerful strikes against the country as early as today.
Gold dropped to $4,170 due to the US-Iran conflict. Prices are also under pressure from expectations of tight Fed policy and rising bond yields.
An Iranian Shahed drone collided with an American Apache helicopter near Oman. Two crew members were rescued, and Donald Trump is demanding a response from the US.
Trump stated that the Iranians shot down an Apache helicopter over the Strait of Hormuz. Two pilots were rescued, and the US is preparing a mandatory response to the attack.
The OPEC+ alliance agreed to increase production by 188,000 barrels per day starting in July. Seven countries plan to fully lift restrictions by the end of September.
Iran plans to charge fees for security and navigation services in the Strait of Hormuz. Progress in peace negotiations with the US is also reported.
Trump announced the destruction of Iranian mines and the rapid restoration of shipping. The strait will open after Tehran signs a peace memorandum.
US Central Command has announced its readiness to strike Iranian vessels for mining the waters. The military has already attacked the first targets.
The US and Iran are discussing the terms of an agreement to open the Strait of Hormuz. Currently, the parties are focused on ending the war, but a final agreement has not yet been reached.
Scott Bessent did not confirm the validity of the truce agreement with Iran. Trump demands the opening of the Strait of Hormuz and a halt to Tehran's nuclear program.
Oman has assured the US that it has no plans to introduce fees for passage through the Strait of Hormuz. This follows threats of sanctions from Trump and Bessent.
Iran expressed solidarity with Oman over Donald Trump's threats to use force in international waters. The Iranian Foreign Ministry spokesperson condemned the US actions.
Iran announced a draft agreement with the US regarding the Strait of Hormuz. The document provides for the withdrawal of American troops and the restoration of shipping.
The US will monitor the Strait of Hormuz to maintain freedom of navigation. Trump warned Oman against attempts to control these international waters.
Marco Rubio announced the continuation of negotiations with Iran regarding the nuclear deal and the opening of the strait. The US has launched new strikes against Iranian military targets.
Fuel vessels are heading to China and Pakistan after being idled due to the war with Iran. Hundreds of ships and sailors remain blocked in the region.
Rubio reported progress in negotiations with Iran. The parties are disputing the status of the Strait of Hormuz and the conditions for scaling back Tehran's nuclear program.
Russia has deployed the vessels Kosmos, Mercury, Orion, and Luch for shipments from Arctic LNG 2. In total, the shadow gas fleet already consists of at least 20 tankers.
Britain and the Gulf states are finalizing free trade negotiations. The deal is expected to contribute up to £3.1 billion annually to the British economy.
