Iran

The strikes were carried out after Iran’s Islamic Revolutionary Guard Corps launched ballistic missiles at two US Navy ships

US president warns countries, banks and businesses against providing an economic “lifeline” to Tehran as Iran dismisses the threat and oil prices climb

Oil prices climbed as hopes for a US-Iran deal faded, with Tehran threatening a more offensive military posture and renewed attacks fuelling fears over Strait of Hormuz shipping

Data shows just five commodity vessels transiting the strait on Saturday, with none registered for Sunday

Donald Trump quipped that the Strait of Hormuz could soon become “US territory” as he defended higher fuel prices as part of the cost of confronting Iran

The UAE has condemned what it described as a hostile Iranian attack on two ADNOC-affiliated vessels transiting the Strait of Hormuz, with no injuries reported

Oil prices edged higher on Friday as US threats of an indefinite naval blockade of Iran renewed supply fears

Trump says Iran has a “last chance” to reach a deal as fresh threats, continued tensions in the Strait of Hormuz and conflicting claims over negotiations keep global oil markets on edge

President Donald Trump said the US was “locked and loaded” for further military action against Iran but insisted diplomacy remained possible

US President Donald Trump has threatened Iran and its Houthi allies with “major military punishment” after attacks on two Saudi oil tankers in the Red Sea intensified the regional conflict