Economy
Oil surges past $108 after Hormuz attack and Saudi pipeline shutdown
Brent crude climbed above $108 a barrel on Monday morning after a merchant vessel was struck in the Strait of Hormuz, killing one crew member, and Saudi Arabia shut its main pipeline bypassing the waterway, renewing fears that Middle East supply routes are closing.
Yemen
Houthis seize key island in Bab el-Mandeb, take control of the strait
Houthi fighters reached Perim Island which divides the Bab el-Mandeb into two shipping lanes after government forces withdrew, completing the group's takeover of the strait. Together with Iran's Hormuz blockade, this puts roughly a third of the world's seaborne trade under hostile control.
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Iran
US destroys five Iranian tankers as Tehran takes aim at Jordan
US CENTCOM said crews were warned to abandon ship before its strikes after the IRGC fired missiles at a US Navy warship twice in two days. Tehran launched missile strikes on US targets in Jordan and warned tankers near Kuwait and Bahrain to evacuate.
Economy
Oil surges past $100 a barrel again as US-Iran clashes intensify
Brent crude has shot up to above $100 a barrel after US forces destroyed five Iranian tankers and Tehran responded with missile strikes on Jordan, the latest escalation in the conflict that has kept the Strait of Hormuz largely shut since February.
Iran
Iran claims strike on US drone, US calls it 'total lie'
As the US-Iran clashes in Hormuz intensify, Iran claimed it struck an unmanned US navy vessel on Sunday, which the US denied as a "total lie". Iran has ramped up its offensive military response in Hormuz warning against any new US attacks.
Iran
Iran says it attacked tankers, US-linked vessels in Hormuz escalation
The Islamic Revolutionary Guard Corps claimed that it targeted three oil tankers and three US-affiliated vessels in the Strait of Hormuz as the cycle of violence spirals after the US military struck three Iranian oil tankers earlier on Saturday, in response to Iran targetting the US navy on Friday.
Economy
US claims EU joined new Iran sanctions push, yet Brussels only endorsed them
US Treasury Secretary Scott Bessent has declared that the European Union formally joined Washington's campaign to sever Iran from the global financial system. Yet a Brussels statement issued at this week's G20 finance meeting in fact stops well short of that.
Iran
Iran hits US targets in the region as Washington probes wedding strike
Oil prices again spiked this week after a few weeks of relative stability following the renewed fighting as Iran continues to maintain a stranglehold over the strategic Strait of Hormuz, responsible for roughly 20% of global oil shipping.
Europe Today
Europe enters new security era as Spain's government hits new crisis
EU Commission chief Ursula von der Leyen says it's a new era for European security, one of rising hybrid threats. Meanwhile, the Spanish government is in disarray after a leaked report has revealed Morocco's involvement in the Ceuta crisis, and EU affairs ministers discuss the EU budget in Dublin.
Iran
US launches new attacks on Iran, Tehran fires missiles across region
The US military launched new waves of strikes on military installations along Iran's southern coast. Tehran responded immediately with missile and drone attacks in Jordan, Bahrain and Kuwait, sparking a new flare-up of hostilities and threats from both sides.
Iran
Iran takes aim at Jordan after US attacks an island in Hormuz
The US attacks on Iran are the first in around a month as the Trump administration had shifted its war objective to inflict maximum economic pain on Tehran. Washington says the strikes were aimed at preventing Iranian forces from disrupting global shipping through the Strait of Hormuz.
Iran
US 'will achieve nothing' with its economic chokehold, Tehran says
Pezeshkian's words of defiance came as Iran's deputy foreign minister said a deal with Oman would bar all military vessels from the Strait of Hormuz in an escalation of Tehran's demands that drew opposition from Washington, which has previously threatened to bomb Oman if it "gets in the way".