August 26, 2026 12:17 PM

Gulf ship traffic via Strait of Hormuz hovers below 10-day average, data shows

Five commodity vessels transited the Strait of Hormuz on Tuesday, little changed from a day earlier but well below the 10-day average of 15, preliminary shipping data showed on Wednesday. Two tankers carrying liquefied petroleum gas and one tanker carrying bitumen exited the Gulf via the strait, while two empty product tankers entered the waterway from the Gulf of Oman, initial data from shiptracker Kpler showed at 0408 GMT. On Monday, four commodity vessels transited the waterway, the data sho...

August 26, 2026 10:43 AM

Trump sends Saudi nuclear deal to US Congress but says Riyadh must recognize Israel

President Donald Trump has sent Congress a proposed agreement with Saudi Arabia on civil nuclear energy while insisting the pact will only go into effect if the kingdom normalizes relations with Israel, a U.S. administration official told Reuters on Tuesday. The agreement, which was reached in July and would allow U.S. companies to export civilian nuclear technology to the kingdom, was sent to Congress on Monday, according to the U.S. official, who declined to be identified. The Saudi embassy ...

August 26, 2026 5:16 PM

Iran and Oman plan for temporary Hormuz corridor as impasse with US persists

Iran has held new talks with neighbouring Oman on management of the Strait of Hormuz, blockaded over nearly six months of conflict, with Oman's foreign minister saying he was hopeful a temporary corridor through the waterway could be announced soon. Iran and Oman have held on-and-off talks for weeks about controlling traffic through the strait, which handled one-fifth of global oil and liquefied natural gas shipments before the war began in February. Most shipping has since been shut down, as ...

August 26, 2026 8:41 AM

Iran vows to resist widened US sanctions, says Washington seeks talks

Iran denounced on Tuesday expanded U.S. sanctions aimed at isolating its economy as an act of "gross lawlessness", expressing confidence that many countries wouldnot join the pressure campaign. Almost six months into a conflict the U.S. has struggled to resolve, Treasury Secretary Scott Bessent unveiled the measures on Monday but stopped short of the most punishing options. While he said countries that continued trading with Iran risked being forced out of the dollar-based financial system, he...

August 26, 2026 8:38 AM

Trump says Strait of Hormuz has been demined, warns Iran not to plant more

U.S. President Donald Trump said on Tuesday that all mines had been detonated or removed from international waters of the Strait of Hormuz and that Iran has been told that any ship or boat placing new mines will be destroyed. In a post on Truth Social, Trump said the United States, through its Space Force, was watching "every square inch" of the Strait, a key waterway in the global energy supply chain. "There is a Zero Tolerance policy on mine placement in full force and effect," Trump said. ...

August 25, 2026 12:54 AM

Israel’s Netanyahu says Iran tried to kill one of his sons

Israeli Prime Minister Benjamin Netanyahu said on Monday that Iran had tried to kill one of his sons, but gave no details about when the alleged plot took place, which son was targeted or how close it came to being carried out. Netanyahu’s allegation underscores the heightened tensions since the U.S.-Israeli war on Iran began in February, during which Supreme Leader Ayatollah Ali Khamenei and other senior Iranian leaders were killed. Netanyahu, whose coalition is trailing in opinion polls tw...

August 24, 2026 11:52 AM

‘Entering the endgame’: US Treasury Secretary Scott Bessent announces ‘economic D-Day’ against Iran

US Treasury Secretary Scott Bessent on Sunday (local time) said the Trump administration was entering the “endgame” in its campaign against Iran and announced what he described as an “economic D-Day” aimed at severing the Iranian regime’s economic lifelines. In a post on X, Bessent said, “President Trump has dismantled Iran’s military capabilities, destroyed nearly 100 percent of its military factories, and buried its nuclear program.” “We are now entering the endgame. At daw...

August 24, 2026 9:35 AM

US vows ‘economic D-Day’ as Iran threatens to halt all oil exports

The U.S. threatened Iran with what it called "the greatest financial offensive ever marshalled" as it prepared to roll out economic sanctions on Monday that target Iran's trade partners. Iran in turn vowed to shut down all oil exports from the Gulf "if the economic war continues." U.S. Treasury Secretary Scott Bessent will hold a press conference at 1 p.m. EDT (1700 GMT) on Monday amid promises to reveal even more severe measures on a country that has endured near-continuous economic sanctio...

August 21, 2026 8:55 AM

US says it will impose ‘toughest sanctions in history’ on Iran

U.S. Treasury chief Scott Bessent said the United States will impose "the toughest sanctions in history" on Iran, a move he suggested would lessen the need for new major military operations.   Bessent's comments on Thursday followed President Donald Trump's threat a day earlier of "Economic Warfare" and warning of economic consequences against any country that provided "any type of lifeline to Iran." Bessent promised details next week.   Oil prices rose to more than a three-week high on Th...

August 19, 2026 1:12 AM

Kushner’s talks with Israel, Hamas end without breakthrough on Trump Gaza plan

U.S. President Donald Trump's envoy and son-in-law Jared Kushner left Jerusalem on Monday without a breakthrough after two days of talks with Israeli and Hamas leaders over a stalled U.S. plan to end the war in Gaza, with both sides standing firm on key demands. Kushner met with Prime Minister Benjamin Netanyahu in Israel a day after meeting the political leader of Hamas in Egypt in a bid to revive the plan. Israel has carried out air strikes and seized more territory in Gaza despite an October...