Iran’s army has warned countries backing US sanctions will “face difficulties” in the Strait of Hormuz, citing a new coordination system for all vessels. Iran’s parliament also cautioned against supporting a US-backed UN resolution, with Russia reportedly poised to block it. The strait’s oil and gas traffic makes the dispute globally consequential.
Iran’s military accused the U.S. of violating a ceasefire, alleging attacks on ships in the Strait of Hormuz and strikes on civilian areas. The renewed escalation risk is rattling energy markets, helping drive sharp gains in U.S. crude benchmarks like West Texas Intermediate. Traders are pricing in further disruption to Middle East supply routes.
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Iran’s foreign minister Abbas Araghchi met China’s Wang Yi in Beijing in a rare high-level move as West Asia tensions continue. China remains a key buyer of Iranian oil and operates largely despite US sanctions. The visit comes before Donald Trump’s planned trip to China, while US Senator Marco Rubio urged Beijing to pressure Iran over the Strait of Hormuz.
Donald Trump says the US will temporarily pause “Project Freedom,” meant to help commercial shipping in the Strait of Hormuz, after requests from Pakistan and others. The move comes as Washington reports military gains against Iran and progress toward a possible deal. However, Trump stressed the naval blockade of Iran’s ports will remain in place.
CENTCOM says it deployed Sea Hawk and Apache helicopters in the Strait of Hormuz to “eliminate Iranian small boats” it claims threaten commercial shipping. The action is part of “Project Freedom,” using more than 100 aircraft from land bases and two carriers to escort vessels and help reopen the waterway after renewed security concerns in the region.
Donald Trump said “Project Freedom” begins Monday to help stranded neutral ships exit the Strait of Hormuz, which Iran has effectively closed. The announcement came as Tehran reviews Washington’s response to a war-ending proposal, with Trump adding that talks with Tehran “could be very positive” while sharing few operational details.
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A blockade linked to the Iran war affecting the Strait of Hormuz is disrupting Gulf energy flows, tightening gas supplies for industrial users and reducing LPG availability for commercial buyers like hotels and restaurants. As a result, the 19-kg commercial LPG cylinder price has been hiked by Rs 993, pushing Delhi’s rate to Rs 3,071.50.
Oil surged nearly 2% after stalled U.S.-Iran peace talks and tighter supply flows through the Strait of Hormuz raised global concerns. Brent crude climbed to $107.49 a barrel, its highest since April 7. Goldman Sachs also boosted its fourth-quarter oil price forecasts, citing reduced Middle East output and growing economic risks.
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