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Oil shipments through the Strait of Hormuz nearly tripled during the US-Iran MoU, but remained far below pre-war levels, according to Kpler data. The agreement expired without a peace deal amid continued attacks on commercial shipping.
A senior US official says Venezuela is exporting roughly 500,000 barrels of oil per day to the US, about half of its production. The disclosure comes amid a US-managed energy partnership with the interim government in Caracas.
Iran's tightened control of the Strait of Hormuz has severely disrupted global oil shipments, spiking energy prices and raising maritime security worries. Analysts view the move as both economic pressure and a political tool amid rising diplomatic tensions.
Iran has declared that no vessel may pass through the Strait of Hormuz without Tehran's permission, a move that raises maritime security concerns. The statement comes amid rising tensions with the U.S. and concerns over global oil supply through the strategic chokepoint.
Iran's IRGC commander warns that the Strait of Hormuz will not reopen until the US meets Tehran's demands, raising tensions after recent Gulf naval encounters. The strategic waterway carries about one-fifth of global oil consumption.
Fresh demands from both Washington and Tehran have stalled talks on reopening the Strait of Hormuz, sending oil prices up and clouding hopes for a wider peace deal. Iran insists on compensation and sanctions relief, while Trump is demanding reparations for decades of alleged damages.
Saudi Arabia has extinguished a fire at an Aramco facility in Jizan with no casualties, as the Houthi group claims a drone attack. The incident adds to regional tensions and raises concerns about attacks on oil infrastructure.
Iran and Oman are close to finalizing a temporary agreement to coordinate maritime traffic through the Strait of Hormuz, aiming to reduce tensions and ensure shipping safety. Senior officials from both countries confirmed the negotiations, with the deal focused on emergency communication and information sharing. Analysts see it as a positive but temporary step for regional stability.
Iran has announced that the Strait of Hormuz will remain closed until the US changes its policies, raising tensions in the Gulf. The strategic waterway, which handles about 20% of global oil shipments, is now a flashpoint for potential conflict.
