The White House is preparing for an extended military confrontation with Iran over the Strait of Hormuz, Axios reported, citing United States officials. The escalation follows the collapse of a recent 60-day ceasefire memorandum of understanding (MoU). While the officials noted that the length of the conflict depends entirely on Tehran’s willingness to stop its attacks …
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United States President Donald Trump warned on Wednesday that the US may reintroduce its blockade of the Strait of Hormuz, but only applied to Iran. “And we may put down the blockade. We may put it back, and it will only be a blockade for Iran. Anybody else can have whatever they want,” Trump elaborated. …
United States President Donald Trump said on Wednesday that his country plans to strike Iran again tonight, because of Tehran’s attacks on ships in the Strait of Hormuz. “They launched a couple of drones and one rocket, one missile, at ships, because they were in the strait, which they have every right to be. So, …
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Iran’s Islamic Revolutionary Guard Corps (IRGC) confirmed it launched missile and drone strikes on 85 United States military sites in response to what it called American “aggression.” The group reported targeting the US Navy Fifth Fleet headquarters in Bahrain and Ali Al-Salem Air Base in Kuwait, describing the operation as an “initial response” to US actions. The statement …
Crude oil prices jumped by more than 4% on Tuesday after the United States Department of the Treasury revoked a temporary waiver that authorized the sale of Iranian oil. The move comes after Iran supposedly struck three oil tankers throughout the past day in the Strait of Hormuz. In addition, Qatar summoned the Iranian deputy ambassador earlier …
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US Secretary of State Marco Rubio breaks silence on the escalating Iran-US war tensions in an urgent address to the nation. Watch live updates on US foreign policy under President Donald Trump. President Donald Trump’s administration, represented by Senator Marco Rubio, addresses key policy shifts regarding Iran, nuclear deterrence, and regional stability. This live broadcast …
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Crude oil prices climbed on Tuesday as renewed tensions in the Strait of Hormuz once again raised supply concerns. West Texas Intermediate (WTI) for August deliveries was up 1.10%, going for $69.36 per barrel at 3:15 am ET. Two minutes later, Brent for September’s settlements advanced 1.22%, selling at $72.87 a barrel.
The bodies of slain former Iranian Supreme Leader Ayatollah Ali Khamenei and members of his family killed alongside him arrived in Iran’s holy city of Qom on Tuesday, local time, with large crowds in attendance. Khamenei’s coffin was placed in the Jamkaran Mosque, with mourners present as prayers were read over it. Media reports indicated …
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The United Kingdom Maritime Trade Operations (UKMTO) said an oil tanker was hit by a projectile and caught fire near Oman overnight on Monday. The incident occurred about 8 nautical miles east of Limah, with no casualties or environmental damage reported. “Authorities are investigating. Vessels are advised to transit with caution and report any suspicious …
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The United States Justice Department (DoJ) and Federal Trade Commission (FTC) are monitoring the oil and gasoline market for potential manipulation, CBS News reported on Friday, citing a letter by department officials to US states. DoJ Associate Attorney General Stanley Woodward and FTC Chairman Andrew Ferguson stated that the recent price volatility triggered by the …
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