Iran
Trump reimposes US blockade and demands 20% Hormuz shipping fee
Trump declared the US would collect a 20% fee on all Hormuz cargo as "Guardian of the Strait," flipping the script on Iran's own toll demands, while US forces struck dozens of targets in Iran and the IRGC hit Bahrain, Jordan, Kuwait and Oman in the biggest exchange since the April ceasefire.
Iran
US launches more strikes on Iran amid renewed standoff over Hormuz
Iranian state media reported US strikes targeting large areas across southern and western Iran, including Qeshm island and Bandar Abbas near the strait, and in Khuzestan province bordering Iraq. Missile alert sirens also sounded at dawn Monday in Bahrain, home to the US Navy's 5th Fleet.
Economy
Global oil demand set for first annual drop since COVID, IEA says
Global oil consumption is on course to shrink this year for the first time since the COVID-19 pandemic, the International Energy Agency has said, as the war between the US and Iran throttled Gulf exports, though the IEA also noted supply increased in June.
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Oman
Oil tanker reportedly hit by 'unknown projectile' in Strait of Hormuz
Iranian state television said a liquified natural gas tanker came under attack Tuesday in the Strait of Hormuz off Oman after ignoring warnings, implying Tehran carried out the assault on a tanker it said was carrying natural gas from Qatar.
Economy
OPEC+ agrees another modest output rise as oil prices continue to fall
Seven countries in the OPEC+ alliance agreed to lift their combined oil output by a modest 188,000 barrels per day in August, adding supply just as crude prices slide back to levels not seen since before the Iran war erupted.
Europe Today
No Iran-US escalation boosts hopes for diplomacy, analyst says
Osama Rizvi, founder of Rizvi Insights, said tanker traffic will continue through the Strait of Hormuz as "it serves two sides". He argued that for the US, the cost of "inaction clearly outweighs" the cost of action if tensions with Iran continue to escalate.
Iran
Iran and Oman hold first Hormuz talks as US-Iran deal stays on edge
Iran's deputy foreign minister said the first Joint Hormuz Committee meeting took place in Muscat, after multiple US media outlets reported that fresh talks between the two sides were planned for Tuesday, a claim Tehran has since shot down, prompting Trump to counter by saying it would go ahead.
Iran
Iran threatens total halt to talks as US warplanes circle near Hormuz
The IRGC said the weekend US strikes violated the framework deal and warned that violating vessels would face a "crushing response," as Euronews journalists in Doha observed US refuelling aircraft taking off towards Hormuz in the same formation as the previous night's strikes.
World News
Iran denies direct US hotline as Trump warns of ceasefire violations
The spokesperson for the Islamic Revolutionary Guard Corps (IRGC) denied claims by American officials regarding the establishment of a direct hotline between Iran and the United States concerning the Strait of Hormuz, calling it a "sheer lie".
Iran
Gulf states weigh living side by side with Iran as Tehran weaponises Hormuz
As the frontline countries paying the largest price for the Iran war, pressed by severe economic urgencies, the Gulf states are beginning their own firm process towards regional stability with rival Iran, while Tehran continues weaponising the Strait of Hormuz to sow division with its neighbours.