The closure of the narrow waterway, which normally carries around a fifth of global Liquified Natural Gas supplies, will have a rippling impact beyond the Middle East, Maximo Torero warned.
Iran’s oil sales remain strong despite the ongoing conflict, with revenue allocated to repairing industry damage caused by wartime attacks, says the oil minister.
A US-sanctioned Chinese tanker, Rich Starry, crosses the Strait of Hormuz, becoming the first to exit the Gulf since the US blockade began, carrying methanol from the UAE.
Vance explained that the US discovered that the team would need to return to Tehran “and actually get approval to the terms we had set…either from the supreme leader or somebody else.”
IDF reservist killed, 10 wounded in Lebanon clashes • Hezbollah disarmament, potential normalization focus of historic Washington talks • US, Iran may resume negotiations this weekend
A source involved in the talks said the parties came "very close" to an agreement and were "80% there" before running into decisions that could not be settled on the spot.
Trump said he didn't want to comment on what would happen if a deal wasn't reached by the end of the ongoing ceasefire, but that "it won't be pleasant for them, let me put it that way."
A creator behind viral Lego-style pro-Iran videos told BBC that Tehran is a client, while spreading false claims about the US, Israel, and war events.
Meanwhile, Netanyahu says Israel fully backs Trump’s blockade of the Strait of Hormuz, rejects claims of a rift with Washington, and stresses US demands to halt Tehran's nuclear enrichment program.
Trump said the US military would work with other countries to block all maritime traffic in the waterway, after weekend talks failed to reach an agreement to end the six-week conflict with Iran.
The US has not officially taken responsibility for the strike.
