Strait of Hormuz

A news outler widely regarded as closely aligned with the Iranian state first reported that two missiles struck a U.S. warship near Jask Island after ignoring warnings

President Donald Trump said the United States will begin guiding stranded commercial ships through the Strait of Hormuz on Monday, launching a new operation called "Project Freedom" with a major U.S. military presence in one of the world's most dangerous maritime chokepoints.

President Donald Trump confirmed Saturday that Iran has sent the United States a new proposal to end the war, but signaled almost immediately that the plan may not go far enough to satisfy Washington.

President Donald Trump presented the new U.S.-Iran ceasefire as a breakthrough, a two-week pause that would reopen the Strait of Hormuz, calm oil markets, and pull the region back from a wider war. Within hours, that message was already colliding with reality as Israel intensified its campaign against Hezbollah in Lebanon, exposing a critical weakness in the deal Trump had just celebrated.

French President Emmanuel Macron on Friday sharpened France's split with the U.S.-Israeli military approach to Iran, announcing a deeper strategic partnership with South Korea while arguing that the Strait of Hormuz should be reopened through diplomacy, not force, as the first French-owned ship since the war began safely crossed the waterway.

Secretary of State Marco Rubio said Iran won't be able to control the Strait of Hormuz, a key waterway through which about 20% of the global energy goes through, after officers in Tehran said they intend to.

Iranian Vice Preisdent Mohamed Reza Aref said Theran will seek to control the Strait of Hormuz as a result of the ongoing war.

Republican Sen. John Kennedy said the United States should begin preparing to exit its military involvement in Iran, while acknowledging uncertainty about whether key objectives have been fully achieved.

The Iranian regime is charging ship operators $2 million to allow them to go through the Strait of Hormuz, a key waterway through which about 20% of the world's energy goes through, citing the cost of the war with the U.S. and Israel, according to a new report.

Saudi Arabia and the United Arab Emirates have rerouted some exports through pipelines that bypass Hormuz, but analysts estimate about 14 million barrels per day remain blocked

President Donald Trump is considering an operation to seize Iran's key oil infrastructure in Kharg Island, something that would require having boots on the ground, according to a new report.

The war in the Middle East could deliver Venezuela another surge in oil revenues as global energy markets react to fears of supply disruptions, potentially repeating a cycle in which geopolitical crises drive higher crude prices and increased inflows of petrodollars.