Strait of hormuz

Little progress in US-Iran negotiations, say mediators • Bessent urges stronger sanctions on Tehran • Iran "first domino" in atomic weapon-seeking countries, says Vance

Ships transiting the Strait of Hormuz now face tolls and strict Iranian oversight as Tehran launches the Persian Gulf Strait Authority, with JPMorgan forecasting 11‑figure annual revenue from tolls.

Iran’s Kharg Island shows the hidden cost of sanctions: empty oil terminals, environmental damage, and mounting pressure.

"For Iran, the Clock is ticking, and they better get moving, FAST, or there won’t be anything left of them. TIME IS OF THE ESSENCE," Trump wrote on Truth Social. 

The head of the Iranian parliament's national security committee stated that the mechanism was created in an effort to ensure “the guarantee of international trade security.”

Following his Beijing summit, Trump says Xi supports reopening the Strait of Hormuz, while China calls the Iran war a conflict that “should never have happened.”

Iran's Foreign Minister Abbas Araghchi claimed during a BRICS meeting that despite foreign aggression towards Tehran, it is ready to "pursue and defend diplomacy."

Temporary deals on tariffs, rare earths, and diplomatic language may give both leaders short-term wins while leaving deeper conflicts untouched.

Initial conversations took place last month during the spring meetings of the IMF and World Bank in Washington.

The incident comes as India said on Thursday that an Indian-flagged ship had been attacked off the coast of Oman on Wednesday, and all crew on board were safe.