The US military is secretly guiding 15–20 commercial oil tankers nightly through a southern channel of the Strait of Hormuz. The operation, supported by US air cover, maintains global oil supplies amid the ongoing conflict with Iran and degraded Iranian surveillance.
Oil flows through the Strait of Hormuz nearly tripled during a 60-day US-Iran MoU, averaging 6.1 million barrels per day, but remained far below pre-war levels as the agreement expired without a peace deal amid renewed shipping attacks.
The UAE has halted all trade and financial transactions with Iran until further notice following ballistic missile attacks directed at shipping. Tehran has denied targeting the Emirates as regional conflict continues to disrupt Gulf stability and energy flows.
Amid conflicting claims by US President Donald Trump and Iran over control of the Strait of Hormuz, maritime data shows most vessels are turning off transponders to avoid attacks, with more ships openly defying US blockades than Iranian rules.
The Trump administration has expressed dissatisfaction with Oman's negotiations with Iran regarding the Strait of Hormuz, specifically objecting to joint control agreements and transit fees. President Trump threatened the sultanate over its diplomatic approach.
Three ships were struck by projectiles in the Strait of Hormuz, causing two deaths. Amid a stalled ceasefire and US-Iran tensions, oil prices hit a three-week high as shipping traffic through the vital waterway drops by 90 per cent.
Iran's armed forces have warned Gulf nations against supporting US military operations following the UAE's decision to sever economic ties with Tehran. The warning comes amid ongoing tensions in the Strait of Hormuz and the collapse of US-Iran trade negotiations.
Iranian military advisor Mohammad Reza Naqdi asserts the Strait of Hormuz remains essential for global energy trade, arguing that alternative infrastructure projects are too costly and time-consuming to replace the strategic waterway's role in oil and gas transport.
Bitcoin reached $65,000 following Wall Street's open as US stocks rebounded despite geopolitical pressure, while US 30-year bond yields hit a 29-year high of 5.34% amid fresh US-Iran signals.
Iran has dismissed US President Donald Trump's claim that the Strait of Hormuz is 'new US territory' as delusional. The exchange follows the expiration of a two-month peace window and Trump's recent threats against mediator Oman regarding the waterway's control.
Qatari Foreign Ministry Spokesman Majed bin Mohammed Al Ansari stated that Doha hopes Oman and Iran will reach an agreement on the Strait of Hormuz, potentially enabling the resumption of US-Iran negotiations and ensuring freedom of navigation.
A ship was struck by a projectile near the Strait of Hormuz, causing a crew casualty. Iran continues to block the waterway, demanding the U.S. lift sanctions and end military operations. Meanwhile, Houthi rebels claimed a drone attack on a Saudi oil refinery.
US President Donald Trump has threatened to bomb Oman if it obstructs US-Iran peace talks. The warning comes as Oman and Iran negotiate a new shipping route for the Strait of Hormuz, a critical waterway currently central to the ongoing US-Iran conflict.
Government bond yields in major economies reached multi-year highs on Tuesday as the US-Iran ceasefire collapsed, oil prices climbed above $91, and concerns over rising fiscal deficits and defense spending intensified.
Transit costs for the Panama Canal have skyrocketed, with some ships paying over $4 million for priority slots. The surge is driven by reduced water levels from El Niño and increased demand as global shipping routes shift due to Middle East tensions.
Iran's top negotiator Mohammed Bagher Ghalibaf states the Strait of Hormuz will remain closed until the US lifts sanctions and unfreezes assets. Meanwhile, President Trump threatens to bomb Oman if it interferes in his efforts to force a peace deal.
Gulf states including the UAE, Iraq, Qatar, and Kuwait are covertly shipping oil through the Strait of Hormuz using tankers with disabled transponders to bypass conflict-related disruptions. Despite attacks on vessels, the practice helps stabilize global oil prices.
US gas prices hit record August highs of $4.06 per gallon as Iran peace talks stall, a diplomatic deadline passes, and Donald Trump threatens Oman. Households have paid an estimated $56.4bn in excess fuel costs over the last six months of conflict.
A vessel was struck by an unknown projectile in the Strait of Hormuz, causing engine room damage and a crew casualty, according to the United Kingdom Maritime Trade Operations.
US President Donald Trump threatened to bomb Oman if it reaches a separate deal with Iran regarding control of the Strait of Hormuz, amid stalled negotiations and an ongoing US naval blockade.
Iran's parliament speaker Mohammad Bagher Ghalibaf stated that the Strait of Hormuz will stay closed until the US lifts blockades, unfreezes assets, removes oil embargoes, and halts military operations.
President Donald Trump stated the U.S. would target Oman if it interferes, while ruling out an extension of the expiring 60-day ceasefire with Iran.
US President Donald Trump threatened strikes against Oman if it interferes in US-Iran negotiations over the Strait of Hormuz, as a June memorandum of understanding between Washington and Tehran expires.
US President Donald Trump announced he will not extend the memorandum of understanding with Iran after negotiations stalled, while also ordering a reduction in joint military exercises with South Korea.
