Iran's Foreign Minister Seyed Abbas Araghchi said that an agreement with Oman is close for the Strait of Hormuz. He said that negotiations between Tehran and Muscat have entered the final stages and are moving toward completion. Araghchi presented a report at the cabinet meeting regarding the developments of the negotiations with Oman concerning arrangements related to the Strait of Hormuz. This follows a pivotal statement from US President Donald Trump, who indicated he had called off a planned military strike on Iran to grant essential breathing room for a rapid “DEAL”.Iranian Foreign Ministry spokesperson Esmaeil Baghaei said ⁠negotiations were focused on agreeing a new route through the strait, adding that it had "no link to the Strait of Hormuz being opened or closed. That is a separate discussion". &nbsp;The ministry stressed that the situation in the Strait of Hormuz "cannot return to what it was before the war," adding that Tehran and Muscat are exploring a new transit route that would be neither the northern nor the southern passage, designed to ensure full Iranian oversight."We are now going to reach an understanding on a route acceptable to both sides -- neither the northern route nor the southern route -- but one that respects the sovereign rights of both sides and safeguards our national interests and security," said Baghei in an interview with state television.&nbsp;Last month, Iran publicly rejected an agreement with Oman that would allow vessels to enter the strait via Iran's side and exit via Oman's side, saying that the proposed "Malacca Model" of shared 50/50 transit routes and regional joint management fails to meet Iran's security interests. People familiar with the matter had told Reuters the plan included the collection of voluntary fees for using the ​strait.Also Read: <a href="https://www.wionews.com/world/greece-wildfire-firefighting-helicopters-collide-athens-1785686941866">Two dead as firefighting helicopters collide midair while battling massive Greece wildfire near Athens</a>&nbsp;Earlier today, reports from Israeli media claimed Foreign Minister Abbas Araghchi accepted a compromise where ships enter via Iranian waters and exit via Omani waters. However, an IRGC-affiliated source and Baghaei flatly rejected this, as reported by Fars news agency.&nbsp;Baghaei emphasised that these transit mechanisms are strictly a bilateral matter between Tehran and Muscat, stressing that no third party or international consortium will be permitted to manage or intervene in the strait’s security. The ministry said US threats are "nothing new," adding that Tehran acts according to its national interests and will respond forcefully to any action taken against it.

Iran says negotiations with Oman over Strait of Hormuz transit arrangements are nearing completion after Donald Trump paused a planned strike.

Iran's Foreign Minister Seyed Abbas Araghchi said that an agreement with Oman is close for the Strait of Hormuz. He said that negotiations between Tehran and Muscat have entered the final stages and are moving toward completion. Araghchi presented a report at the cabinet meeting regarding the developments of the negotiations with Oman concerning arrangements related to the Strait of Hormuz. This follows a pivotal statement from US President Donald Trump, who indicated he had called off a planned military strike on Iran to grant essential breathing room for a rapid “DEAL”. Iranian Foreign Ministry spokesperson Esmaeil Baghaei said ⁠negotiations were focused on agreeing a new route through the strait, adding that it had "no link to the Strait of Hormuz being opened or closed. That is a separate discussion". The ministry stressed that the situation in the Strait of Hormuz "cannot return to what it was before the war," adding that Tehran and Muscat are exploring a new transit route that would be neither the northern nor the southern passage, designed to ensure full Iranian oversight. "We are now going to reach an understanding on a route acceptable to both sides -- neither the northern route nor the southern route -- but one that respects the sovereign rights of both sides and safeguards our national interests and security," said Baghei in an interview with state television. Last month, Iran publicly rejected an agreement with Oman that would allow vessels to enter the strait via Iran's side and exit via Oman's side, saying that the proposed "Malacca Model" of shared 50/50 transit routes and regional joint management fails to meet Iran's security interests. People familiar with the matter had told Reuters the plan included the collection of voluntary fees for using the strait. Also Read: Two dead as firefighting helicopters collide midair while battling massive Greece wildfire near Athens Earlier today, reports from Israeli media claimed Foreign Minister Abbas Araghchi accepted a compromise where ships enter via Iranian waters and exit via Omani waters. However, an IRGC-affiliated source and Baghaei flatly rejected this, as reported by Fars news agency. Baghaei emphasised that these transit mechanisms are strictly a bilateral matter between Tehran and Muscat, stressing that no third party or international consortium will be permitted to manage or intervene in the strait’s security. The ministry said US threats are "nothing new," adding that Tehran acts according to its national interests and will respond forcefully to any action taken against it.

Iran says negotiations with Oman over Strait of Hormuz transit arrangements are nearing completion after Donald Trump paused a planned strike.

Iran says Oman talks on new Strait of Hormuz transit route near completion

U.S. President Donald Trump has once again postponed planned military strikes on Iran, claiming that the outlines of a peace deal are taking shape. However, Tehran has categorically denied asking Washington to halt the strikes, calling the allegations false. As tensions continue to simmer, Gulf nations including Saudi Arabia are reportedly urging de-escalation, fearing the devastating consequences of a wider regional conflict.

In this exclusive interview, Chris Doyle, Director of the Council for Arab-British Understanding (CAABU), analyzes the evolving crisis, Trump's repeated reversals, Iran's military strategy, the strategic importance of the Strait of Hormuz, and the growing role of Gulf countries in preventing a full-scale regional war.

Can diplomacy still succeed, or is another military confrontation inevitable?

Watch the full analysis for the latest developments from the Middle East.

Iran-U.S. War: Trump Losing Credibility as Conflict Drags On, Expert Warns

The Houthi rebels are expanding their role in the West Asia conflict by targeting Saudi oil tankers and tightening their maritime blockade in the Red Sea. Yemeni authorities accuse the Iran-backed group of copying Tehran's strategy in the Strait of Hormuz, raising fears of a wider regional conflict.

With attacks on energy infrastructure, threats to global shipping, and reports that the Houthis may seek to charge vessels for safe passage, concerns are growing over the security of one of the world's busiest maritime trade routes.

Houthis Copy Iran’s Strategy? Red Sea Blockade Threatens Global Shipping

Iran has officially denied reports of reopening the Strait of Hormuz, hours after US President Donald Trump called off a strike on Iran, claiming that an outline of a deal has been agreed with Iran, including on reopening the Strait of Hormuz. Iran outright denied these claims with escalated rhetoric in state media, terming Trump a “fool” who has run out of “steam”. Fars news agency, citing sources in the Iranian negotiating team and military, called the reports by Israeli journalist Barak Ravid as false.“There is no agreement on reopening the Strait of Hormuz,” Iran’s state media Fars news agency reported. “As long as the United States continues its hostile actions, the strait will remain closed.”“Passage will only be possible through the designated route, in coordination with the Islamic Revolutionary Guards Corps Navy and after obtaining permission to transit the Strait of Hormuz. Otherwise, other routes are unsafe, and vessels attempting to use them will certainly encounter incidents,” reported Fars citing military sources.Also Read: <a href="https://www.wionews.com/world/spain-israel-ceuta-migrant-crisis-social-media-feud-1785666403370">Spain-Israel social media feud erupts after Ceuta migrant crisis: Why Israel is being linked</a>Iranian sources emphasised that claims about Tehran approving any plan to reopen the Strait of Hormuz are inaccurate, and that no decision or policy shift has been made regarding the strategic waterway.&nbsp;<h2>Iran's Foreign Ministry warned retalliation&nbsp;</h2>In a telephonic conversation with Saudi counterpart Prince Faisal bin Farhan late on Saturday, Argahchi said that Iran remains fully prepared to defend the country's sovereignty, territorial integrity, and national security, reiterating that any aggression or hostile action by the United States and the Zionist regime will be met with a decisive and proportionate response from Iran’s powerful Armed Forces.&nbsp;Brigadier General Seyyed Majid Ebn-e-Reza, Acting Minister of Defence and Armed Forces Logistics, accused the enemy of engaging in psychological operations and "war of calculation". He said that Iran won't be caught passive or off guard; "we treat the threat as a basis for increasing readiness, strengthening deterrence and enhancing our power."&nbsp;

Iran denied reopening the Strait of Hormuz after Donald Trump claimed a deal was reached, warning the US that any aggression would trigger a decisive response.

Iran has officially denied reports of reopening the Strait of Hormuz, hours after US President Donald Trump called off a strike on Iran, claiming that an outline of a deal has been agreed with Iran, including on reopening the Strait of Hormuz. Iran outright denied these claims with escalated rhetoric in state media, terming Trump a “fool” who has run out of “steam”. Fars news agency, citing sources in the Iranian negotiating team and military, called the reports by Israeli journalist Barak Ravid as false. “There is no agreement on reopening the Strait of Hormuz,” Iran’s state media Fars news agency reported. “As long as the United States continues its hostile actions, the strait will remain closed.” “Passage will only be possible through the designated route, in coordination with the Islamic Revolutionary Guards Corps Navy and after obtaining permission to transit the Strait of Hormuz. Otherwise, other routes are unsafe, and vessels attempting to use them will certainly encounter incidents,” reported Fars citing military sources. Also Read: Spain-Israel social media feud erupts after Ceuta migrant crisis: Why Israel is being linked Iranian sources emphasised that claims about Tehran approving any plan to reopen the Strait of Hormuz are inaccurate, and that no decision or policy shift has been made regarding the strategic waterway. Iran's Foreign Ministry warned retalliation In a telephonic conversation with Saudi counterpart Prince Faisal bin Farhan late on Saturday, Argahchi said that Iran remains fully prepared to defend the country's sovereignty, territorial integrity, and national security, reiterating that any aggression or hostile action by the United States and the Zionist regime will be met with a decisive and proportionate response from Iran’s powerful Armed Forces. Brigadier General Seyyed Majid Ebn-e-Reza, Acting Minister of Defence and Armed Forces Logistics, accused the enemy of engaging in psychological operations and "war of calculation". He said that Iran won't be caught passive or off guard; "we treat the threat as a basis for increasing readiness, strengthening deterrence and enhancing our power."

Iran denied reopening the Strait of Hormuz after Donald Trump claimed a deal was reached, warning the US that any aggression would trigger a decisive response.

Iran rejects reopening Strait of Hormuz, warns US of 'decisive' response

U.S. President Donald Trump has once again called off planned military strikes on Iran, saying he received requests from Iran and Gulf nations to avoid further escalation.

According to Trump, the temporary understanding includes the immediate reopening of the Strait of Hormuz and an end to Iran's nuclear threat. Reports suggest Saudi Crown Prince Mohammed bin Salman urged Trump to de-escalate the conflict, while the U.S. and Israel had reportedly been preparing one of the largest bombing campaigns against Iran.

Meanwhile, Iran has warned that any new American attack would trigger a powerful response targeting energy infrastructure across the Gulf region. U.S. embassies throughout the Middle East have also issued security alerts amid fears of a wider regional conflict.

Trump Halts Iran Attack After Gulf Pressure | Middle East Crisis Deepens

Iranian Foreign Minister Abbas Araghchi agreed to a compromise deal on opening up the Strait of Hormuz that led to US President Donald Trump announcing that he is calling off a planned attack on Iran, Israeli media reports suggested. This comes after Trump earlier announced that he was cancelling attacks on Iran as the United States and Iran had agreed to the parameters of a deal, warning that it was subject to a deal being finalised quickly.According to a Channel 12 report, the compromise deal laid down by the US and Qatar states that ships will enter the Persian Gulf on the Iranian-controlled side of the strait and exit through the Omani side. While Oman has agreed to the deal, assurances have been sought from Iran’s Islamic Revolutionary Guard Corps that the agreement would be respected.Also read | <a href="https://www.wionews.com/world/us-is-locked-and-loaded-trump-calls-off-iran-attack-but-sets-these-conditions-1785637547069">‘US is locked and loaded’: Trump calls off Iran attack but sets THESE conditions</a><h2>Trump announces Iran attack cancelled</h2>Earlier on Saturday (Aug 2), Trump said that the United States and Israel have agreed to hold off attacks on Iran if a deal is reached quickly. He claimed that the decision was taken at the request of Tehran and other nations in the region despite the US being “locked and loaded” and “ready to go against Iran”.In a post on his Truth Social, Trump said, “The U.S.A. is locked and loaded and ready to go against the Islamic Republic of Iran, at levels of Military Terror, Strength, and Power not seen since World War II.”He added, “Despite this, we have just been asked by Iran, and other Middle Eastern Countries, to hold off any attack in that the perimeters of a deal has been agreed to.”Trump said that the agreement would include “complete and total” opening of the Strait of Hormuz and “an end to Iran’s nuclear threat”. He warned that he cancelled the attacks on the condition that a deal is reached quickly.Also read | <a href="https://www.wionews.com/world/oil-tanker-hit-by-unknown-projectile-off-oman-as-us-iran-tensions-escalate-1785556874223">Oil tanker hit by ‘unknown projectile’ off Oman as US-Iran tensions escalate</a>“This would include the Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT, and an end to Iran’s nuclear threat. Based on this request, I have agreed, for the future benefit of the WORLD and, likewise, the survival of a successful and prosperous Iran, to cancel the attack, subject to being able to rapidly make a DEAL. The Country of Israel joins me in this commitment,” he wrote.Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, the US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos. &nbsp;

Iran FM Abbas Araghchi reportedly agreed to a Strait of Hormuz compromise with US and Qatar, prompting Trump to call off planned Iran attacks as a deal to ensure shipping movement was negotiated.

Iranian Foreign Minister Abbas Araghchi agreed to a compromise deal on opening up the Strait of Hormuz that led to US President Donald Trump announcing that he is calling off a planned attack on Iran, Israeli media reports suggested. This comes after Trump earlier announced that he was cancelling attacks on Iran as the United States and Iran had agreed to the parameters of a deal, warning that it was subject to a deal being finalised quickly. According to a Channel 12 report, the compromise deal laid down by the US and Qatar states that ships will enter the Persian Gulf on the Iranian-controlled side of the strait and exit through the Omani side. While Oman has agreed to the deal, assurances have been sought from Iran’s Islamic Revolutionary Guard Corps that the agreement would be respected. Also read | ‘US is locked and loaded’: Trump calls off Iran attack but sets THESE conditions Trump announces Iran attack cancelled Earlier on Saturday (Aug 2), Trump said that the United States and Israel have agreed to hold off attacks on Iran if a deal is reached quickly. He claimed that the decision was taken at the request of Tehran and other nations in the region despite the US being “locked and loaded” and “ready to go against Iran”. In a post on his Truth Social, Trump said, “The U.S.A. is locked and loaded and ready to go against the Islamic Republic of Iran, at levels of Military Terror, Strength, and Power not seen since World War II.” He added, “Despite this, we have just been asked by Iran, and other Middle Eastern Countries, to hold off any attack in that the perimeters of a deal has been agreed to.” Trump said that the agreement would include “complete and total” opening of the Strait of Hormuz and “an end to Iran’s nuclear threat”. He warned that he cancelled the attacks on the condition that a deal is reached quickly. Also read | Oil tanker hit by ‘unknown projectile’ off Oman as US-Iran tensions escalate “This would include the Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT, and an end to Iran’s nuclear threat. Based on this request, I have agreed, for the future benefit of the WORLD and, likewise, the survival of a successful and prosperous Iran, to cancel the attack, subject to being able to rapidly make a DEAL. The Country of Israel joins me in this commitment,” he wrote. Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, the US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos.

Iran FM Abbas Araghchi reportedly agreed to a Strait of Hormuz compromise with US and Qatar, prompting Trump to call off planned Iran attacks as a deal to ensure shipping movement was negotiated.

Did Araghchi agree to open Hormuz to stop Trump’s planned US strikes on Iran? What we know

New Delhi: India’s External Affairs Minister S. Jaishankar held a telephone conversation on Friday evening with Iranian Foreign Minister Seyed Abbas Araghchi, and conveyed New Delhi’s deep concerns over hostilities in WesAraghchi andtacks on commercial shipping.&nbsp;In a statement by India, EAM Jaishankar “strongly urged that attacks on commercial shipping and seafarers be avoided under any circumstance. India condemns any such attack by any party.”&nbsp;&nbsp;He was briefed on Iran’s perspective of current developments and ongoing discussions. India reiterated its consistent support for “dialogue and diplomacy”.&nbsp;The call comes against a backdrop of repeated disruptions to one of the world’s most critical maritime chokepoints. The Strait of Hormuz, through which a large share of global oil supplies passes, has seen multiple incidents targeting commercial vessels this year.&nbsp;Indian seafarers have paid a particularly heavy price. In recent months, multiple incidents have left Indian crew members dead or injured. Overall, at least 8 Indian sailors have been killed and dozens injured since hostilities intensified, prompting public anger and official demands for the protection of civilian mariners who form a significant portion of the global shipping workforce.&nbsp;India, which relies heavily on energy imports transiting the region and has large numbers of its nationals working on merchant ships, has repeatedly stressed the need to keep sea lanes open and protect civilian lives.&nbsp;&nbsp;The telephonic talk comes as India prepares to host the BRICS Summit in September. India and Iran, both full members of the expanded BRICS grouping, continue to engage closely as New Delhi holds the bloc’s 2026 chairmanship.&nbsp;&nbsp;Iran joined BRICS in 2024 alongside Egypt, Ethiopia, Saudi Arabia, the UAE and later Indonesia, expanding the original five-nation group. India is chairing BRICS for the fourth time in 2026 under the theme “Building for Resilience, Innovation, Cooperation and Sustainability.”

Indian seafarers have paid a particularly heavy price. In recent months, multiple incidents have left Indian crew members dead or injured. Overall, at least 8 Indian sailors have been killed and dozens injured since hostilities intensified.

New Delhi: India’s External Affairs Minister S. Jaishankar held a telephone conversation on Friday evening with Iranian Foreign Minister Seyed Abbas Araghchi, and conveyed New Delhi’s deep concerns over hostilities in WesAraghchi andtacks on commercial shipping. In a statement by India, EAM Jaishankar “strongly urged that attacks on commercial shipping and seafarers be avoided under any circumstance. India condemns any such attack by any party.” He was briefed on Iran’s perspective of current developments and ongoing discussions. India reiterated its consistent support for “dialogue and diplomacy”. The call comes against a backdrop of repeated disruptions to one of the world’s most critical maritime chokepoints. The Strait of Hormuz, through which a large share of global oil supplies passes, has seen multiple incidents targeting commercial vessels this year. Indian seafarers have paid a particularly heavy price. In recent months, multiple incidents have left Indian crew members dead or injured. Overall, at least 8 Indian sailors have been killed and dozens injured since hostilities intensified, prompting public anger and official demands for the protection of civilian mariners who form a significant portion of the global shipping workforce. India, which relies heavily on energy imports transiting the region and has large numbers of its nationals working on merchant ships, has repeatedly stressed the need to keep sea lanes open and protect civilian lives. The telephonic talk comes as India prepares to host the BRICS Summit in September. India and Iran, both full members of the expanded BRICS grouping, continue to engage closely as New Delhi holds the bloc’s 2026 chairmanship. Iran joined BRICS in 2024 alongside Egypt, Ethiopia, Saudi Arabia, the UAE and later Indonesia, expanding the original five-nation group. India is chairing BRICS for the fourth time in 2026 under the theme “Building for Resilience, Innovation, Cooperation and Sustainability.”

Indian seafarers have paid a particularly heavy price. In recent months, multiple incidents have left Indian crew members dead or injured. Overall, at least 8 Indian sailors have been killed and dozens injured since hostilities intensified.

Shipping safety raised during EAM Jaishankar, Iran FM Araghchi talks

West Asia remains on edge as Iran launched a major retaliatory strike targeting a key U.S. military base in Kuwait after Washington paused fresh attacks. The Islamic Revolutionary Guard Corps (IRGC) claims it targeted fighter jet shelters, satellite communications, and military infrastructure, while Kuwait says its air defenses intercepted the incoming drones.

The conflict is expanding across multiple fronts. Iran also claims to have intercepted oil tankers in the Strait of Hormuz, while the Iran-backed Houthis continue to threaten shipping in the Red Sea, prompting Saudi Arabia and regional allies to form a new maritime security coalition.

Iran Strikes U.S. Base in Kuwait as Trump Faces Growing Pressure Over West Asia War

The conflict in West Asia has intensified once again as the United States launched a fresh wave of military strikes against Iran, following Tehran's missile attacks targeting American bases in Jordan. The renewed escalation comes after nearly a week-long pause in hostilities, raising fresh concerns over regional stability. According to US Central Command (CENTCOM), the strikes were carried out in response to attempted Iranian attacks on US forces stationed across the region. Iran confirmed launching ballistic missiles toward US positions in Jordan, while the US said all incoming missiles were successfully intercepted.

US-Iran Conflict Escalates: Fresh Strikes, Missile Attacks and Rising West Asia Tensions

The West Asia war triggered a global energy crisis with disruptions in the Strait of Hormuz. While US and Israel claimed to have dealt a big blow to Iran with their strikes, the country’s oil and gas industry remains resilient, using artificial intelligence to boost output.&nbsp;According to Iranian state media, researchers have developed an indigenous, smart production management system.&nbsp;It integrates wells, pipelines and surface processing facilities and adjusts operating conditions to maximise efficiency.&nbsp;According to the researchers, this can increase oil recovery in surface storage facilities by up to 59% over a 20-year production period besides reducing maintenance costs.&nbsp;At the heart of this project is a device that operates automatically without human intervention.&nbsp;This is not all.&nbsp;According to reports, AI has been integrated in the country’s well, reservoir and topside management centre.&nbsp;By utilising machine learning and advanced data analytics, AI is helping optimise operations.&nbsp;For instance, data showed an increase in twelve thousand five hundred barrels per day in seven wells due to optimised operations.&nbsp;AI has also reportedly helped in increasing the production at the Sepehr oil field from 6,500 to 65,000 barrels per day.&nbsp;&nbsp;&nbsp;

&nbsp;Why are these developments so crucial?&nbsp;The oil industry is a key driver of Iran’s economy.&nbsp;While U.S. sought to dent a blow to Iran’s oil exports with its naval blockade, it has achieved limited success.&nbsp;While shipping data indicated that Iranian oil exports fell to their lowest level in at least six years in May.&nbsp;The ceasefire eased pressure on Tehran.&nbsp;Additionally, Iran’s dominance over Strait of Hormuz remains its key leverage point during ongoing negotiations with U.S.&nbsp;&nbsp;For instance, it has stressed that this strategic waterway will never return to its pre-war state.&nbsp;It is also pushing Oman to exercise more control over transit routes in Hormuz.&nbsp;Now, data depicts a story in itself.&nbsp;According to Iranian oil minister Mohsen Paknejad, Iran sold oil worth 11.5 billion U.S. dollars during the war.&nbsp;After signing an MOU with U.S, the country sold additional oil worth 6.5 billion U.S. dollars.&nbsp;Lower risks to tanker traffic and removal of U.S. sanctions during this phase enabled the sale of around 100 million barrels of stored crude oil.&nbsp;The minister also added that the sales generated over 60% of the oil revenue forecast in Iran’s annual budget.&nbsp;Global trade, energy and supply chains remain at risk, though, as tanker traffic in Hormuz is virtually at a standstill.&nbsp;According to Kpler data, only eight ships passed through this strait on Tuesday.&nbsp;&nbsp;&nbsp;

While the US sought to dent a blow to Iran’s oil exports with its naval blockade, it has achieved limited success. Shipping data indicated that Iranian oil exports fell to their lowest level in at least six years in May. But the ceasefire eased pressure on Tehran.

The West Asia war triggered a global energy crisis with disruptions in the Strait of Hormuz. While US and Israel claimed to have dealt a big blow to Iran with their strikes, the country’s oil and gas industry remains resilient, using artificial intelligence to boost output. According to Iranian state media, researchers have developed an indigenous, smart production management system. It integrates wells, pipelines and surface processing facilities and adjusts operating conditions to maximise efficiency. According to the researchers, this can increase oil recovery in surface storage facilities by up to 59% over a 20-year production period besides reducing maintenance costs. At the heart of this project is a device that operates automatically without human intervention. This is not all. According to reports, AI has been integrated in the country’s well, reservoir and topside management centre. By utilising machine learning and advanced data analytics, AI is helping optimise operations. For instance, data showed an increase in twelve thousand five hundred barrels per day in seven wells due to optimised operations. AI has also reportedly helped in increasing the production at the Sepehr oil field from 6,500 to 65,000 barrels per day.

While the US sought to dent a blow to Iran’s oil exports with its naval blockade, it has achieved limited success. Shipping data indicated that Iranian oil exports fell to their lowest level in at least six years in May. But the ceasefire eased pressure on Tehran.

Iran’s AI breakthrough amid war: New indigenous system boosts oil recovery by 59% | Gravitas

The United States on Wednesday (July 29) imposed fresh sanctions on entities linked to Iran's Revolutionary Guards, accusing them of extorting commercial vessels passing through the Strait of Hormuz.&nbsp;The US Treasury Department said the measures target eight tankers and 10 entities. The sanctions form part of Washington's ongoing "maximum pressure" campaign against Iran's oil trade and shadow fleet.&nbsp;According to the statement, the latest action targets what it described as "the Iranian regime’s desperate efforts to monetise the Strait of Hormuz and prop up the nation’s failing economy."&nbsp;The US accused Tehran of running an "extortion scheme" backed by Iran's Revolutionary Guard forces commercial ships to buy mandatory maritime "insurance" before transiting the strategic waterway.&nbsp;"These entities manufacture risk, including the threat of vessel seizures, &nbsp;and then charge commercial vessels for coverage against dangers created by the regime itself," a State Department statement said.&nbsp;The sanctions target the Persian Gulf Marine Insurance Company and the HormuzSafe Marine Services Authority, which Washington said have links to Iran's Islamic Revolutionary Guard Corps.&nbsp;The US also sanctioned eight companies operating vessels that it accused of transporting Iranian crude oil and petrochemicals to China and the United Arab Emirates in violation of existing US sanctions.&nbsp;These ships are "part of Iran's 'shadow fleet,' which the regime relies on to evade sanctions," the State Department said.&nbsp;"With its economy in freefall and inflation in the triple digits, the regime is desperate for cash," Treasury Secretary Scott Bessent was quoted as saying.&nbsp;Also Read: <a href="https://www.wionews.com/world/we-ll-be-hitting-them-hard-trump-s-expletive-laden-warning-to-iran-after-missile-attack-on-us-bases-in-jordan-1785335199804">'We’ll be hitting them hard': Trump's expletive-laden warning to Iran after missile attack on US bases in Jordan</a>&nbsp;The sanctions come amid renewed tensions over the Strait of Hormuz, a crucial route for global energy trade. After hostilities with Washington resumed on July 7, Iran again blocked the waterway and claimed the right to impose transit fees on ships. It also allowed vessels to pass only along a route close to its coastline. The United States, meanwhile, has imposed a blockade on Iranian ports.&nbsp;The latest US action also comes after President Donald Trump warned that the United States would strike Iran "hard" following a missile attack on US bases in Jordan. The development has reignited the Middle East conflict after a pause lasting several days.&nbsp;Since the start of 2026, the US Office of Foreign Assets Control has sanctioned more than 100 vessels linked to Iran's shadow fleet, which Washington says has been used to keep Iranian oil revenue flowing despite international sanctions.

President Donald Trump threatened Iran with a forceful response after a missile attack on US bases in Jordan, as Washington imposed fresh sanctions over a Hormuz "extortion scheme."

The United States on Wednesday (July 29) imposed fresh sanctions on entities linked to Iran's Revolutionary Guards, accusing them of extorting commercial vessels passing through the Strait of Hormuz. The US Treasury Department said the measures target eight tankers and 10 entities. The sanctions form part of Washington's ongoing "maximum pressure" campaign against Iran's oil trade and shadow fleet. According to the statement, the latest action targets what it described as "the Iranian regime’s desperate efforts to monetise the Strait of Hormuz and prop up the nation’s failing economy." The US accused Tehran of running an "extortion scheme" backed by Iran's Revolutionary Guard forces commercial ships to buy mandatory maritime "insurance" before transiting the strategic waterway. "These entities manufacture risk, including the threat of vessel seizures, and then charge commercial vessels for coverage against dangers created by the regime itself," a State Department statement said. The sanctions target the Persian Gulf Marine Insurance Company and the HormuzSafe Marine Services Authority, which Washington said have links to Iran's Islamic Revolutionary Guard Corps. The US also sanctioned eight companies operating vessels that it accused of transporting Iranian crude oil and petrochemicals to China and the United Arab Emirates in violation of existing US sanctions. These ships are "part of Iran's 'shadow fleet,' which the regime relies on to evade sanctions," the State Department said. "With its economy in freefall and inflation in the triple digits, the regime is desperate for cash," Treasury Secretary Scott Bessent was quoted as saying. Also Read: 'We’ll be hitting them hard': Trump's expletive-laden warning to Iran after missile attack on US bases in Jordan The sanctions come amid renewed tensions over the Strait of Hormuz, a crucial route for global energy trade. After hostilities with Washington resumed on July 7, Iran again blocked the waterway and claimed the right to impose transit fees on ships. It also allowed vessels to pass only along a route close to its coastline. The United States, meanwhile, has imposed a blockade on Iranian ports. The latest US action also comes after President Donald Trump warned that the United States would strike Iran "hard" following a missile attack on US bases in Jordan. The development has reignited the Middle East conflict after a pause lasting several days. Since the start of 2026, the US Office of Foreign Assets Control has sanctioned more than 100 vessels linked to Iran's shadow fleet, which Washington says has been used to keep Iranian oil revenue flowing despite international sanctions.

President Donald Trump threatened Iran with a forceful response after a missile attack on US bases in Jordan, as Washington imposed fresh sanctions over a Hormuz "extortion scheme."

US targets Iran with fresh sanctions over Hormuz 'extortion scheme'

Welcome to Wion Dispatch. Here are the biggest stories making headlines from India and around the world.

The government has responded to Rahul Gandhi's allegations against Union Home Minister Amit Shah over the student protest crackdown. Union Minister Jitendra Singh rejected the claims, saying only authorised officials such as magistrates can issue such orders.

Meanwhile, tensions continue in West Asia as Israel accuses Hezbollah of violating the ceasefire after an alleged drone attack on an Israeli vehicle in southern Lebanon. Iran's Parliament Deputy Speaker has also warned that the Strait of Hormuz will not return to its previous status, stressing Iran's control over the strategic waterway.

In Washington, the US Senate advances legislation targeting Russia's energy revenues, including tougher sanctions and measures against countries buying Russian oil and gas.

Spain continues battling a major wildfire near Madrid, with Prime Minister Pedro Sanchez saying the next few hours will be crucial.

In sports, FIFA President Gianni Infantino has proposed financial incentives for member associations backing a controversial plan involving stakes in major competitions.

Rahul Gandhi vs Government Over Student Protest Row | Hezbollah Ceasefire Clash |Iran Hormuz Warning

Iran on Wednesday rejected a proposal from Oman for regional joint management of the Strait of Hormuz, pushing for more control. A senior Iranian official said that the plan had no chance of succeeding. Iran and Oman should manage Hormuz between them based on their respective area of control, without the involvement of other powers. Meanwhile, the US and Saudi Arabia carried out joint strikes in Iraq in retalliation for drone attacks on Saudi oil targets, a sharp escalation since last weekend when Trump abruptly suspended bombing operations.&nbsp;<h2>Iran rebuffed Oman's proposal for Hormuz management</h2>A framework to end the war has collapsed over the Strait of Hormuz. Oman had earlier this week proposed a plan for the joint management of the Strait of Hormuz that would allow the payment of voluntary service charges. But an Iranian official said that the proposal was unreasonable. Iran doesn't want a 50-50 arrangement with Oman, though it values Oman as a neighbour.&nbsp;“Oman proposed to us the creation of a route in the Strait of Hormuz, with 50 per cent of it located in our territorial waters and 50 per cent in Omani territorial waters. The route for ships to pass through the Strait of Hormuz could involve entering through our waters and exiting through Omani territorial waters,” said Iran’s Deputy Foreign Minister Kazem Gharibabadi to a state TV broadcast on Friday. Iran practically wants complete control of inbound and partial control of outbound traffic, and also wants to charge a toll. The US had been urging ships to take the route in the Omani waterways, which was a violation of the framework agreed between the two sides. This led to an escalation as the US and Iran continued attacking each other for 13 days consecutively, until last Friday.&nbsp;Also Read: <a href="https://www.wionews.com/world/kremlin-ukraine-iranian-ship-attack-caspian-sea-russia-1785256844141">Russia says Ukrainian attack on Iranian ship should be treated as attack on Iran</a><h2>US and Saudi Arabia jointly attacked Iraq&nbsp;</h2>Washington and Riyadh launched a joint operation in Iraq against Iran-backed armed groups. The US CENTCOM said early Wednesday that it had carried out a joint airstrike at an Iran-backed militia, responsible for attacks on US bases and Saudi oil infrastructure. The Iran-backed militia, Iraq's Popular Mobilisation Forces, is a powerful paramilitary ​group and part of the formal Iraqi security forces. The PMF said that at least 20 members were killed while 32 others were wounded in the US-Saudi strikes. In a statement, the PMF condemned the attacks, calling them a "dangerous escalation". The Islamic Resistance of Iraq has denied the claims of the Kingdom that the paramilitary group targeted petroleum infrastructure in Saudi Arabia and called it “fabrication”, and warned of a harsh response. Iran's foreign ministry on Wednesday condemned US-Saudi strikes in Iraq, calling them a "gross violation" of the UN Charter and international law. Iran accused the US and Israel of expanding the war in the region.&nbsp;&nbsp;

Iran rejects Oman's Strait of Hormuz management proposal as the US and Saudi Arabia launch joint strikes on Iran-backed militias in Iraq, escalating tensions.

Iran on Wednesday rejected a proposal from Oman for regional joint management of the Strait of Hormuz, pushing for more control. A senior Iranian official said that the plan had no chance of succeeding. Iran and Oman should manage Hormuz between them based on their respective area of control, without the involvement of other powers. Meanwhile, the US and Saudi Arabia carried out joint strikes in Iraq in retalliation for drone attacks on Saudi oil targets, a sharp escalation since last weekend when Trump abruptly suspended bombing operations. Iran rebuffed Oman's proposal for Hormuz management A framework to end the war has collapsed over the Strait of Hormuz. Oman had earlier this week proposed a plan for the joint management of the Strait of Hormuz that would allow the payment of voluntary service charges. But an Iranian official said that the proposal was unreasonable. Iran doesn't want a 50-50 arrangement with Oman, though it values Oman as a neighbour. “Oman proposed to us the creation of a route in the Strait of Hormuz, with 50 per cent of it located in our territorial waters and 50 per cent in Omani territorial waters. The route for ships to pass through the Strait of Hormuz could involve entering through our waters and exiting through Omani territorial waters,” said Iran’s Deputy Foreign Minister Kazem Gharibabadi to a state TV broadcast on Friday. Iran practically wants complete control of inbound and partial control of outbound traffic, and also wants to charge a toll. The US had been urging ships to take the route in the Omani waterways, which was a violation of the framework agreed between the two sides. This led to an escalation as the US and Iran continued attacking each other for 13 days consecutively, until last Friday. Also Read: Russia says Ukrainian attack on Iranian ship should be treated as attack on Iran US and Saudi Arabia jointly attacked Iraq Washington and Riyadh launched a joint operation in Iraq against Iran-backed armed groups. The US CENTCOM said early Wednesday that it had carried out a joint airstrike at an Iran-backed militia, responsible for attacks on US bases and Saudi oil infrastructure. The Iran-backed militia, Iraq's Popular Mobilisation Forces, is a powerful paramilitary group and part of the formal Iraqi security forces. The PMF said that at least 20 members were killed while 32 others were wounded in the US-Saudi strikes. In a statement, the PMF condemned the attacks, calling them a "dangerous escalation". The Islamic Resistance of Iraq has denied the claims of the Kingdom that the paramilitary group targeted petroleum infrastructure in Saudi Arabia and called it “fabrication”, and warned of a harsh response. Iran's foreign ministry on Wednesday condemned US-Saudi strikes in Iraq, calling them a "gross violation" of the UN Charter and international law. Iran accused the US and Israel of expanding the war in the region.

Iran rejects Oman's Strait of Hormuz management proposal as the US and Saudi Arabia launch joint strikes on Iran-backed militias in Iraq, escalating tensions.

Iran rejects Oman's Strait of Hormuz plan as US-Saudi strikes hit Iraq

The conflict in West Asia has intensified after joint US-Saudi airstrikes in Iraq reportedly killed at least 20 members of a former paramilitary alliance linked to pro-Iran groups. The strikes came as Iran launched ballistic missiles targeting US military positions, while the US military claimed all incoming missiles were successfully intercepted.

Meanwhile, Iran says it struck oil tankers near the Strait of Hormuz and has proposed a temporary maritime arrangement with Oman to manage shipping routes through the strategic waterway. Saudi Arabia also reported intercepting drones targeting key oil facilities, while Yemen's Houthi rebels claimed responsibility for attacks on a Saudi oil tanker in the Red Sea.

US-Saudi Strikes Kill 20 in Iraq | Iran Fires Missiles, Targets Oil Tankers | Hormuz Crisis Deepens

Europe and much of Asia are preparing for a potential winter energy crisis as the ongoing Iran conflict continues to disrupt global natural gas supplies. Analysts warn that reduced LNG availability, damage to Qatar's export infrastructure, and disruptions in the Strait of Hormuz could tighten global energy markets just months before peak heating demand. According to energy consultancy Wood Mackenzie, Europe's gas storage levels remain well below the target needed for winter, while Asian importers face growing competition for limited LNG cargoes. European natural gas prices have already surged, raising concerns over higher household energy bills, industrial costs, and possible gas rationing if supply conditions worsen.

Iran War Triggers Global Energy Crisis | Europe & Asia Face Winter Gas Shortage | LNG Supply Crunch 

No tolls or transit fees will be imposed on commercial shipping passing through the Strait of Hormuz under a coordination arrangement being discussed following disruptions linked to the Iran conflict, a US official has said.&nbsp;Also reading: <a href="https://www.wionews.com/world/pickaxe-mountain-did-not-come-up-israel-denies-nuclear-site-was-discussed-in-trump-netanyahu-meeting-1785267444641">'Pickaxe Mountain did not come up': Israel denies nuclear site was discussed in Trump-Netanyahu meeting</a>&nbsp;The official said proposals under discussion do not include any charges for vessels using the strategic waterway, rejecting speculation that ships could be required to pay for safe passage.According to the US official, Iran has put forward what Washington considers to be "unreasonable demands" during the negotiations. Those demands have been rejected by both the United States and Oman, the official added.&nbsp;Also read: <a href="https://www.wionews.com/world/islamic-republic-will-never-make-a-deal-with-the-us-iran-deputy-speaker-echoes-araghchi-s-remark-1785197204970">'Islamic Republic will never make a deal with the US': Iran deputy speaker echoes Araghchi’s remark</a>&nbsp;The discussions come after concerns over maritime security in the Strait of Hormuz, one of the world's most important shipping routes, following the recent conflict involving Iran. Oman has been involved in efforts to coordinate discussions over navigation through the waterway.&nbsp;The US official did not provide further details on Tehran's specific demands or the status of the ongoing negotiations. Iran has not publicly commented on the claims.&nbsp;Also read: <a href="https://www.wionews.com/world/netanyahu-to-present-trump-with-fresh-intel-on-iran-s-secret-pickaxe-mountain-nuclear-site-report-1785198683332">Netanyahu to present Trump with fresh intel on Iran's SECRET 'Pickaxe Mountain' nuclear site: Report</a>&nbsp;This came as Iran’s Islamic Revolutionary Guard Corps (IRGC) launched multiple ballistic missiles at US forces in West Asia on Tuesday (July 28) in the first reported attack since US President Donald Trump halted strikes against Iran. According to the US Central Command (CENTCOM), the missiles were fired in what it described as an attempted surprise attack. The military said all of the incoming missiles were successfully intercepted and that no immediate damage or casualties had been reported.&nbsp;&nbsp;

A US official clarified that no tolls or fees will be charged for commercial shipping through the Strait of Hormuz, while rejecting Iran’s unreasonable negotiation demands alongside Oman.

No tolls or transit fees will be imposed on commercial shipping passing through the Strait of Hormuz under a coordination arrangement being discussed following disruptions linked to the Iran conflict, a US official has said. Also reading: 'Pickaxe Mountain did not come up': Israel denies nuclear site was discussed in Trump-Netanyahu meeting The official said proposals under discussion do not include any charges for vessels using the strategic waterway, rejecting speculation that ships could be required to pay for safe passage. According to the US official, Iran has put forward what Washington considers to be "unreasonable demands" during the negotiations. Those demands have been rejected by both the United States and Oman, the official added. Also read: 'Islamic Republic will never make a deal with the US': Iran deputy speaker echoes Araghchi’s remark The discussions come after concerns over maritime security in the Strait of Hormuz, one of the world's most important shipping routes, following the recent conflict involving Iran. Oman has been involved in efforts to coordinate discussions over navigation through the waterway. The US official did not provide further details on Tehran's specific demands or the status of the ongoing negotiations. Iran has not publicly commented on the claims. Also read: Netanyahu to present Trump with fresh intel on Iran's SECRET 'Pickaxe Mountain' nuclear site: Report This came as Iran’s Islamic Revolutionary Guard Corps (IRGC) launched multiple ballistic missiles at US forces in West Asia on Tuesday (July 28) in the first reported attack since US President Donald Trump halted strikes against Iran. According to the US Central Command (CENTCOM), the missiles were fired in what it described as an attempted surprise attack. The military said all of the incoming missiles were successfully intercepted and that no immediate damage or casualties had been reported.

A US official clarified that no tolls or fees will be charged for commercial shipping through the Strait of Hormuz, while rejecting Iran’s unreasonable negotiation demands alongside Oman.

'No tolls or fees' planned for Strait of Hormuz shipping despite Iran talks, says US official

Prime Minister Narendra Modi has announced a high-level task force led by Infosys co-founder Nandan Nilekani to recommend reforms for India's examination system. The panel will submit recommendations aimed at strengthening transparency and efficiency in national exams.

Meanwhile, global tensions continue to rise. An oil tanker reportedly exploded in the Strait of Hormuz after hitting a sea mine, while Yemen's Houthi rebels claimed to have downed a Saudi drone. Lebanon accused Israel of obstructing troop deployment in the south, and the UN chief called for the immediate removal of sanctions on Syria. Ukraine and Russia exchanged fresh attacks, Romania summoned Russia's ambassador after shooting down another drone, China witnessed deadly flash floods, and Australia vowed to challenge proposed US tariffs.

PM Modi Announces Exam Reform Task Force | Iran Tanker Blast | Ukraine War | Houthi Attack

An oil tanker exploded in the Strait of Hormuz on Sunday (July 26) after colliding with a naval mine outside a navigation route designated by Iran said Iran’s semi-official Tasnim news agency reports. No immediate official statement has been released by the Iranian authorities about the incident so far.&nbsp;The incident comes after the Islamic Revolutionary Guard Corps (IRGC) on Thursday said that three oil tankers attempted to use an unauthorised southern route through the Strait of Hormuz.&nbsp;One of the tankers, according to IRGC, struck an explosive device and caught fire, prompting the other two to turn back after receiving warnings. It also threatened that vessels attempting to transit the waterway without coordinating with Iranian authorities would "suffer the same fate."&nbsp;Earlier, on July 14, the IRGC claimed it had struck and disabled two supertankers after they allegedly ignored repeated warnings, turned off their navigation systems, and entered a mined corridor outside the designated shipping route.<h2>US attacks on hold?</h2>&nbsp;Meanwhile, US has stopped attacks on Iran after nearly two weeks of sustained military operations. Since the last two days there has been no US military strikes on Iran.&nbsp;After US stopped attacks on Iran, Trump speaking to reporters in the White House said he retains the option of continuing or escalating the attacks, but a more feasible option would be to reach an agreement with Iran.&nbsp;“We're talking to [the Iranians] right now. I think they're getting more and more serious as the days go by. We're locked and loaded and ready to go, but we're talking to them,” Trump said.

The incident comes after the Islamic Revolutionary Guard Corps (IRGC) on Thursday said that three oil tankers attempted to use an unauthorised southern route through the Strait of Hormuz.

An oil tanker exploded in the Strait of Hormuz on Sunday (July 26) after colliding with a naval mine outside a navigation route designated by Iran said Iran’s semi-official Tasnim news agency reports. No immediate official statement has been released by the Iranian authorities about the incident so far. The incident comes after the Islamic Revolutionary Guard Corps (IRGC) on Thursday said that three oil tankers attempted to use an unauthorised southern route through the Strait of Hormuz. One of the tankers, according to IRGC, struck an explosive device and caught fire, prompting the other two to turn back after receiving warnings. It also threatened that vessels attempting to transit the waterway without coordinating with Iranian authorities would "suffer the same fate." Earlier, on July 14, the IRGC claimed it had struck and disabled two supertankers after they allegedly ignored repeated warnings, turned off their navigation systems, and entered a mined corridor outside the designated shipping route. US attacks on hold? Meanwhile, US has stopped attacks on Iran after nearly two weeks of sustained military operations. Since the last two days there has been no US military strikes on Iran. After US stopped attacks on Iran, Trump speaking to reporters in the White House said he retains the option of continuing or escalating the attacks, but a more feasible option would be to reach an agreement with Iran. “We're talking to [the Iranians] right now. I think they're getting more and more serious as the days go by. We're locked and loaded and ready to go, but we're talking to them,” Trump said.

The incident comes after the Islamic Revolutionary Guard Corps (IRGC) on Thursday said that three oil tankers attempted to use an unauthorised southern route through the Strait of Hormuz.

Oil tanker explodes in the Strait of Hormuz after hitting a naval mine

Global tensions remain high as Iran says it has halted retaliatory attacks after the United States paused its airstrikes for two consecutive nights, raising hopes of a possible diplomatic breakthrough. At the same time, Yemen's Houthi rebels claim they have downed a Saudi drone and intensified attacks on Saudi targets, keeping pressure on regional security.

Meanwhile, the Russia-Ukraine war continues to widen, with Ukrainian President Volodymyr Zelenskyy accusing Moscow of providing satellite intelligence to Iran for attacks on U.S. military bases and Gulf facilities. Romania has summoned Russia's ambassador after another drone incident near its border with Ukraine, while India has issued a fresh advisory urging its citizens to carefully evaluate security risks before accepting jobs on commercial vessels operating in or passing through the Black Sea.

Elsewhere, rescue teams continue searching for missing crew members after a Vietnamese vessel carrying 62 people sank in the South China Sea. In Europe, Spain is battling rapidly spreading wildfires fueled by extreme heat and strong winds, forcing emergency firefighting operations. Iraq has also approved a memorandum with Syria to build a new oil pipeline linking Iraqi oil fields to Mediterranean export terminals, aiming to diversify export routes and reduce dependence on the Strait of Hormuz.

Stay tuned for comprehensive coverage of the latest developments in global conflicts, diplomacy, energy security, maritime safety, climate disasters, and international affairs.

Iran-US Conflict Update | Houthis Target Saudi Arabia | Ukraine Accuses Russia | Spain Wildfires

The Middle East conflict is entering a dangerous new phase as Yemen's Houthi rebels intensify attacks on Saudi-linked shipping in the Red Sea. After announcing a naval blockade targeting Saudi Arabia, the Houthis claim they have struck Saudi oil tankers, raising fears of a wider regional war and renewed disruption to global energy supplies.
The escalation comes as shipping through the Strait of Hormuz remains heavily disrupted, placing immense pressure on another vital maritime chokepoint—the Bab el-Mandeb Strait. Saudi Arabia, which has relied on Red Sea ports to bypass Hormuz, now faces fresh threats to its oil exports.


Houthis Target Saudi Oil Tankers | Red Sea Blockade Escalates | US Faces New Middle East Crisis

Iran is intensifying pressure in West Asia through its Houthi allies, who have launched fresh attacks on Saudi oil tankers in the Red Sea, raising fears of a major global energy crisis. With the Strait of Hormuz already under pressure, the Bab el-Mandeb Strait has emerged as a second strategic choke point, threatening global oil and gas supplies.

The Houthis claim responsibility for missile and drone strikes on Saudi-linked vessels, while Saudi Arabia has confirmed damage to one of its oil tankers. Analysts warn that if both the Strait of Hormuz and the Bab el-Mandeb are disrupted simultaneously, nearly one-quarter of the world's oil and gas supply could be affected.


Red Sea Crisis deepens | Houthi Missile attacks on Saudi ships escalate Iran-US regional conflict

Global energy markets are facing renewed uncertainty as Brent crude oil prices surge above $94 per barrel amid rising US-Iran tensions. Analysts warn that crude prices could approach $100 per barrel soon, while a worst-case scenario could push Brent back toward $120 if oil flows through the Strait of Hormuz are severely disrupted.

The Strait of Hormuz remains one of the world's most important energy routes, carrying millions of barrels of oil every day. Any escalation in the Middle East could trigger a fresh oil shock, impacting fuel prices, inflation, and global economies.

Goldman warns: Brent could top $120 again | Wion News  | World Business Watch 

West Asia tensions continue to intensify as Iran claims control over the Strait of Hormuz and halts multiple oil tankers while a Saudi-linked tanker catches fire after an attack in the Red Sea. US President Donald Trump says Iran is not yet ready for a deal but believes Tehran will eventually agree to negotiations. Meanwhile, the United States and Saudi Arabia sign a landmark civilian nuclear cooperation agreement with safeguards against proliferation.

In Europe, Ukrainian President Volodymyr Zelensky discusses renewed peace efforts with US officials. In Africa, at least 21 people are killed in fresh attacks in Nigeria's Zamfara State. In business, Alphabet surpasses market expectations as Google Cloud and AI drive strong revenue growth, prompting a significant increase in capital spending for 2026.

Stay tuned for the latest international news, geopolitics, business updates, and breaking developments from around the world.

Iran Blocks Strait of Hormuz | Saudi Tanker hit in Red Sea | Trump says Iran will agree to deal 

The Middle East conflict has entered another dangerous phase as the United States launched its 12th consecutive night of strikes targeting Iranian military infrastructure. President Donald Trump declared that Iran is "not ready to make a deal," while insisting Tehran will eventually agree under mounting military pressure.

Meanwhile, Yemen's Houthi rebels claimed responsibility for attacks on Saudi oil tankers in the Red Sea, intensifying fears over global shipping routes and energy security. Kuwait reported intercepting hostile drones, while the US House approved a $95 billion budget package supporting operations linked to the Iran conflict. The United States and Saudi Arabia also signed a landmark civil nuclear cooperation agreement. In South America, mass protests erupted in Argentina against President Javier Milei's austerity measures, while Tesla missed Wall Street expectations despite billion-dollar profits.

US hits Iran for 12th night | Trump says Iran not ready for deal | Houthis strike Saudi tankers

The US-Iran conflict has entered a dangerous new phase as American forces carried out their 11th consecutive night of strikes on Iranian military targets. Iran responded with fresh regional attacks while tensions spread across Jordan, Kuwait, Bahrain, and the Strait of Hormuz. US President Donald Trump warned that Washington is "not finished" with Iran and threatened further strikes on fortified nuclear facilities. Meanwhile, the Houthis' blockade threats and disruptions to global shipping continue raising fears of a wider regional war and an energy crisis.


US-Iran war escalates: Trump warns more strikes as Hormuz Crisis deepens | West Asia War

The Red Sea crisis is entering a dangerous new phase after Yemen's Iran-backed Houthis announced a naval blockade targeting Saudi Arabia. In this explainer video, we use detailed maps to explain why the Strait of Hormuz and the Bab al-Mandab Strait are two of the world's most strategic maritime chokepoints, and how any disruption could impact global trade, oil supplies, and energy prices.

We also examine the Houthi blockade, the risks of a wider regional conflict, and how Pakistan's long-standing defence cooperation with Saudi Arabia could force Islamabad to join if tensions continue to escalate.

Saudi could force Pak to fight Houthis over 'gate of tears' blockade in Red Sea

Iran's Islamic Revolutionary Guard Corps (IRGC) have said that two ships were involved in an “accident" after attempting to cross the Strait of Hormuz following an ”unsafe route". The Iranian state-affiliated media Tasnim News Agency reported that the two ships were forced to stop while two others abandoned navigation and diverted their route away.The IRGC reported that the four "violating vessels," backed by the “American terrorists” switched off their navigation systems and ignored repeated warnings issued by the IRGC Navy's Strait of Hormuz Control Base as they tried to pass through the halt. They were brought to a halt following an incident. However, it did not mention any details of the incident or identify the ships.&nbsp;The IRGC said that it maintains complete control over the Strait of Hormuz and that only passage authorised by the Iranian authorities is a safe shipping lane in the Strait of Hormuz. It reiterated that "not a single drop of oil, gas, or chemical fertiliser" will pass without prior authorisation and coordination with Iran. It also announced that vehicles influenced by “American propaganda” will certainly be involved in the incidents.The US had dramatically intensified its military campaign against Iran, with Saturday marking the eighth consecutive night of US attacks on Iran since the conflict between the two countries was renewed this month, eroding fragile ceasefire negotiations brokered by Islamabad.Also Read: <a href="https://www.wionews.com/india-news/all-party-meeting-opposition-walkout-dmk-support-nda-delimitation-bill-monsoon-session-1784460473865">All-party meeting: Opposition walks out as DMK signals support for NDA's Delimitation Bill</a>“The strikes are designed to further degrade Iran’s ability to threaten commercial shipping in the Strait of Hormuz and swiftly punish Islamic Revolutionary Guard Corps forces who launched attacks against American service members in Jordan last night,” said CENTCOM. The latest wave of military action targets the military installation in the southern shipping corridors and the northern Kurdish borders. The rationale behind the attack in the southern corridor seems to reduce IRGC offensive capacity in the southern shipping corridor, while the attack on the northern Kurdish border appears like an attempt to lay the groundwork for an invasion via Iraq.&nbsp;&nbsp;&nbsp;

Iran's IRGC said ships were halted after attempting an unauthorised Strait of Hormuz crossing, as US-Iran military tensions intensified in the strategic waterway.

Iran's Islamic Revolutionary Guard Corps (IRGC) have said that two ships were involved in an “accident" after attempting to cross the Strait of Hormuz following an ”unsafe route". The Iranian state-affiliated media Tasnim News Agency reported that the two ships were forced to stop while two others abandoned navigation and diverted their route away. The IRGC reported that the four "violating vessels," backed by the “American terrorists” switched off their navigation systems and ignored repeated warnings issued by the IRGC Navy's Strait of Hormuz Control Base as they tried to pass through the halt. They were brought to a halt following an incident. However, it did not mention any details of the incident or identify the ships. The IRGC said that it maintains complete control over the Strait of Hormuz and that only passage authorised by the Iranian authorities is a safe shipping lane in the Strait of Hormuz. It reiterated that "not a single drop of oil, gas, or chemical fertiliser" will pass without prior authorisation and coordination with Iran. It also announced that vehicles influenced by “American propaganda” will certainly be involved in the incidents. The US had dramatically intensified its military campaign against Iran, with Saturday marking the eighth consecutive night of US attacks on Iran since the conflict between the two countries was renewed this month, eroding fragile ceasefire negotiations brokered by Islamabad. Also Read: All-party meeting: Opposition walks out as DMK signals support for NDA's Delimitation Bill “The strikes are designed to further degrade Iran’s ability to threaten commercial shipping in the Strait of Hormuz and swiftly punish Islamic Revolutionary Guard Corps forces who launched attacks against American service members in Jordan last night,” said CENTCOM. The latest wave of military action targets the military installation in the southern shipping corridors and the northern Kurdish borders. The rationale behind the attack in the southern corridor seems to reduce IRGC offensive capacity in the southern shipping corridor, while the attack on the northern Kurdish border appears like an attempt to lay the groundwork for an invasion via Iraq.

Iran's IRGC said ships were halted after attempting an unauthorised Strait of Hormuz crossing, as US-Iran military tensions intensified in the strategic waterway.

IRGC claims two ships were involved in an 'accident' after Strait of Hormuz 'violation'

The United States has launched its eighth consecutive night of airstrikes on Iran, targeting IRGC coastal surveillance systems, missile depots, air defense facilities, and military infrastructure. The strikes come after two American service members were killed in Jordan during an Iranian missile and drone attack. CENTCOM confirmed that the operation aimed to weaken Iran's military capabilities, while Iranian media reported attacks near the Strait of Hormuz. Iran has responded by claiming strikes on US military bases in Kuwait, warning that further American attacks will be met with a "devastating response."

US launches 8th straight night of strikes on Iran | Iran hits US bases in Kuwait | Trump reacts 

Two markets. Two completely different stories. And only one can be right. Brent crude trades near 86 dollars a barrel, down roughly 25 to 30 percent from its March peak of 120 dollars, when U.S. strikes on Iran shut down shipping through the Strait of Hormuz.


Bonds say crisis, oil says calm: Who's right?

Iran reportedly shipped nearly 70 million barrels of crude oil worth an estimated $5-6 billion during a brief pause in US restrictions, building a financial cushion before Washington reinstated its blockade in the Strait of Hormuz. The shipments, carried out between mid-June and mid-July, are expected to generate billions in revenue for Tehran in the coming months, with much of the crude ultimately destined for China.According to a Wall Street Journal report, around 20 Iranian oil tankers began arriving off Malaysia’s eastern coast in late June after the United States temporarily lifted restrictions on Iranian shipping. Independent estimates from advocacy group United Against Nuclear Iran (UANI) and oil market analysts cited by the newspaper suggest Tehran exported roughly 70 million barrels during the one-month window. The US has since reimposed restrictions, once again limiting Iranian exports through the Strait of Hormuz.Also read |<a href="https://www.wionews.com/world/iran-targets-us-bases-in-bahrain-kuwait-and-jordan-as-conflict-in-middle-east-escalates-1784372546894"> Iran targets US bases in Bahrain, Kuwait and Jordan as conflict in Middle East escalates</a><h2>Oil shipped to China</h2>Analysts say Iran relied on its long-established sanctions-evasion network to move the oil. Tankers reportedly sailed to the Eastern Outer Port Limits, an area outside Malaysia’s territorial waters, where crude was transferred at sea to other vessels using large hoses. These receiving tankers then transport the oil to private Chinese refiners, often referred to as “teapot” refineries, which purchase Iranian crude at discounted prices.Several tankers, including the Diona, Hero II, Sonia 1 and Stream, reportedly reached the Malaysian transfer zone during the period. Experts believe the sudden increase in tanker traffic reflects Tehran’s effort to maximise exports before tighter US enforcement resumed.Watch | US-Iran war: Iranian media reports US attacks on Sirik port in Hormuz Strait<a href="https://www.wionews.com/videos/us-iran-war-iranian-media-reports-us-attacks-on-sirik-port-in-hormuz-strait-1784432514802/embed">https://www.wionews.com/videos/us-iran-war-iranian-media-reports-us-attacks-on-sirik-port-in-hormuz-strait-1784432514802/embed</a>Charlie Brown, a Singapore-based analyst with United Against Nuclear Iran, told the outlet that Iran acted quickly to build a significant export buffer once restrictions were eased. Jonathan Panikoff, Middle East expert at the Atlantic Council, said Iran's struggling economy makes oil revenue critical, adding that the government is likely to prioritise those earnings to support its strategic objectives amid renewed tensions with the United States.Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, the US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos.

Iran exported nearly 70 million barrels of oil worth $5-6 billion during a brief US sanctions pause, with much of the crude sent to China before Washington restored restrictions.

Iran reportedly shipped nearly 70 million barrels of crude oil worth an estimated $5-6 billion during a brief pause in US restrictions, building a financial cushion before Washington reinstated its blockade in the Strait of Hormuz. The shipments, carried out between mid-June and mid-July, are expected to generate billions in revenue for Tehran in the coming months, with much of the crude ultimately destined for China. According to a Wall Street Journal report, around 20 Iranian oil tankers began arriving off Malaysia’s eastern coast in late June after the United States temporarily lifted restrictions on Iranian shipping. Independent estimates from advocacy group United Against Nuclear Iran (UANI) and oil market analysts cited by the newspaper suggest Tehran exported roughly 70 million barrels during the one-month window. The US has since reimposed restrictions, once again limiting Iranian exports through the Strait of Hormuz. Also read | Iran targets US bases in Bahrain, Kuwait and Jordan as conflict in Middle East escalates Oil shipped to China Analysts say Iran relied on its long-established sanctions-evasion network to move the oil. Tankers reportedly sailed to the Eastern Outer Port Limits, an area outside Malaysia’s territorial waters, where crude was transferred at sea to other vessels using large hoses. These receiving tankers then transport the oil to private Chinese refiners, often referred to as “teapot” refineries, which purchase Iranian crude at discounted prices. Several tankers, including the Diona, Hero II, Sonia 1 and Stream, reportedly reached the Malaysian transfer zone during the period. Experts believe the sudden increase in tanker traffic reflects Tehran’s effort to maximise exports before tighter US enforcement resumed. Watch | US-Iran war: Iranian media reports US attacks on Sirik port in Hormuz Strait https://www.wionews.com/videos/us-iran-war-iranian-media-reports-us-attacks-on-sirik-port-in-hormuz-strait-1784432514802/embed Charlie Brown, a Singapore-based analyst with United Against Nuclear Iran, told the outlet that Iran acted quickly to build a significant export buffer once restrictions were eased. Jonathan Panikoff, Middle East expert at the Atlantic Council, said Iran's struggling economy makes oil revenue critical, adding that the government is likely to prioritise those earnings to support its strategic objectives amid renewed tensions with the United States. Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, the US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos.

Iran exported nearly 70 million barrels of oil worth $5-6 billion during a brief US sanctions pause, with much of the crude sent to China before Washington restored restrictions.

Did Iran secretly ship 70 million barrels of oil to China? Report claims $6 billion crude exported before blockade restored

The U.S.-Iran conflict has reached a boiling point as Washington launches a fresh wave of retaliatory strikes following the deaths of two American service members in Jordan. In response to the intensifying aerial campaign, Iranian state media, reported renewed explosions near Sirik, a strategic port city located on the Strait of Hormuz.


US-Iran war: Iranian media reports US attacks on Sirik port in Hormuz Strait 

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