After 40 days of war, the United States and Iran reached a Pakistan-brokered truce. Iran published a 10-point demand list. Israel struck Lebanon hours later, killing 89.
President Donald Trump threatened to destroy all of Iran's power plants and bridges if the Strait of Hormuz is not reopened by Tuesday evening, 8 PM Eastern Time. Iran rejected a US 48-hour ceasefire proposal and warned of wider retaliation.
Tehran announces no restrictions for Iraqi vessels transiting the Strait of Hormuz, praising Iraq's 'struggle' against the US amid rising tensions.
Small independent refineries in Shandong province — known as teapots — have given China a flexible buffer against the Iran war oil disruption, processing discounted Iranian and Russian crude outside mainstream channels.
Britain gathers foreign ministers from 40 countries for a virtual summit on reopening the Strait of Hormuz, where Iranian attacks have halted commercial shipping since the war began. The United States declined to attend.
Political division over oil management deepens economic crisis across the country
Drone strikes near the world's busiest international airport and UAE's main oil trading port mark escalation in Gulf targeting
Kyiv launches overnight strikes on energy infrastructure as new military campaign appears imminent
Oil production halted at major fields as rival governments escalate economic warfare