Iran’s IRGC said two oil tankers caught fire after hitting naval mines in the Strait of Hormuz and claimed its forces downed a US drone. Foreign Ministry spokesperson Esmaeil Baghaei warned that Tehran would retaliate against any attack and rejected reports of a possible US strike on Pickaxe Mountain.
US Treasury Secretary Scott Bessent says Iran is in an economic “death spiral” as sanctions and military pressure intensify. He claims Washington controls the Strait of Hormuz and predicts mounting financial strain will eventually push Tehran back towards negotiations with Washington.
First LNG shipment since the West Asia conflict appears to have crossed the Strait of Hormuz, signalling easing tensions. The tanker Mubaraz heads toward China, raising cautious optimism for global energy flows despite ongoing US-Iran geopolitical uncertainty
The US seized an oil tanker linked to Iranian crude smuggling in the Indian Ocean, escalating tensions after Iran captured vessels in the Strait of Hormuz. The conflict has disrupted global shipping, pushed oil prices above $100, and increased economic strain worldwide
Global oil prices surged near $100 as West Asia tensions escalated, with Brent Crude and WTI Crude rising sharply after Iran’s Strait of Hormuz warning. Market volatility increased, dragging Indian indices lower despite mixed global equity performance trends
Amid escalating tensions between the U.S., Iran, and Israel, Donald Trump urged allies to deploy warships to secure the Strait of Hormuz as Iran warned evacuations at UAE ports and accused the US of launching strikes from Emirati territory
India has repatriated more than 100 non-essential crew members of an Iranian naval vessel docked at Kochi earlier this month. The warship remains berthed at the port as authorities closely monitor the situation amid rising tensions between Iran and the United States
