Iran, Defense, Markets & Diplomacy Coverage
715 articles · page 22 of 24
Bahrain Arrests 41 IRGC-Linked Suspects as Ceasefire Holds
Bahrain detained 41 individuals tied to Iran's IRGC while Washington awaits Tehran's formal response to a U.S.-drafted ceasefire memorandum of understanding.
OFAC sanctions 10 entities over Iran weapons procurement
Treasury designates firms in China, Hong Kong and Belarus tied to Iran's CDPI procurement network feeding the Shahed UAV and ballistic-missile programs.
Iran Seizes US-Sanctioned Tanker in Gulf of Oman
Iran's navy boarded and seized the Ocean Koi on May 8, claiming the vessel disrupted Iranian oil exports — days after the US struck two Iranian tankers.
Iran Launches Hormuz Toll Agency, Charges $2M Per Ship
Iran's new Persian Gulf Strait Authority demands up to $2M per vessel to transit Hormuz, forcing shipping operators into a legal collision with U.S. secondary sanctions.
US Navy Strikes Disable Two Iranian Tankers in Gulf of Oman
CENTCOM released video of precision strikes crippling the M/T Sea Star III and M/T Sevda near the Strait of Hormuz; Iran condemned the action as a ceasefire violation.
Oil Markets Fracture: Futures Say $101, Physical Barrels Cost $130
Front-month Brent futures and physical Dated Brent have diverged by more than $30 for the first time, as the Hormuz closure drains refinery stockpiles faster than financial markets can price the shock.
Chinese Tanker Hit Near UAE Complicates Beijing's Stance
A cruise missile struck the Chinese-owned JV Innovation near the UAE on May 7, the first Chinese vessel hit in the 2026 Hormuz crisis, putting Beijing's neutrality under direct pressure ahead of the May 14 Trump-Xi summit.
Satellite Images Show 45 km² Oil Slick Near Kharg Island
Copernicus Sentinel data shows a suspected 45-square-kilometer oil slick off Iran's Kharg Island, which handles 90% of the country's crude exports. Iran denies the spill.
Rubio Expects Iran Answer 'Today'; Parliament Calls MOU a Wish-List
Secretary Rubio said Friday the US expected Iran's response to its 14-point peace framework that day. Tehran's parliament rejected the terms as unrealistic.
US Disables Two Iranian Tankers; Iran Strikes UAE
US Navy forces disabled two Iranian oil tankers in the Gulf of Oman as Iran launched missiles and drones at UAE targets, pushing Brent crude to $108 intraday.
Pezeshkian Sets Blockade-Lift Precondition After Mojtaba Meeting
Iran's president, hours after a 2.5-hour sit-down with new Supreme Leader Mojtaba Khamenei, told reporters Hormuz talks require the US to lift its naval blockade first.
Pezeshkian Tells Macron US 'Stabbed From Behind' as Reply Lands
On the day Tehran is set to deliver its formal MOU response through Pakistani mediators, Iran's president opened a Paris channel with a trust complaint.
Iran to Deliver MOU Response, Disputes Nuclear Framing
Tehran's formal reply to the US 14-point memorandum is expected today through Pakistani mediators, with Iran rejecting the characterization that nuclear talks are underway.
Netanyahu: All Iranian Uranium Must Leave; MOU Covers Only 60%
Netanyahu says Iran's enriched uranium must be removed and enrichment dismantled, even as the Witkoff-Kushner one-page MOU only commits Tehran to shipping out its 60% stockpile.
Oil Crashes 7.8%, S&P 500 Hits Record as Iran Deal Hopes Build
Brent crude tumbled to $101.31 and U.S. stocks ripped to record highs Tuesday as Iran's IRGC Navy reopened Hormuz to safe passage and U.S.-Iran memorandum talks advanced.
China Presses Iran for 'Comprehensive Ceasefire' Before Trump-Xi Summit
Chinese FM Wang Yi met Abbas Araghchi in Beijing on May 6, urging a full ceasefire with unusual urgency ahead of the May 14–15 Trump-Xi summit where China aims to claim credit for ending the conflict.
Brent Crude Drops 8.6% to $106 on Iran Deal Optimism
Brent fell $10 to $106.52/barrel and WTI neared $93 as traders priced out conflict risk on reports of an imminent US-Iran nuclear framework agreement.
Trump Threatens Escalated Bombing if Iran Rejects Deal
President Trump issued a 48-hour ultimatum to Tehran, warning of a 'much higher level' of bombing if Iran refuses the emerging nuclear framework being negotiated.
US and Iran Near One-Page MOU; Nuclear Moratorium in Dispute
Washington and Tehran are closing in on a one-page memorandum of understanding to end the war, but the duration of a nuclear enrichment moratorium remains the central unresolved dispute, according to Axios.
Rubio: Operation Epic Fury Is Over, US Shifts to Defense
Secretary of State Rubio declared the US-Israel military campaign against Iran complete, saying Washington has moved to a defensive posture as deal talks advance.
Trump Pauses Hormuz Escort Operation, Cites Deal Progress
President Trump halted 'Project Freedom' military escorts through the Strait of Hormuz, saying Iran nuclear talks are making 'great progress' toward a final agreement.
Araghchi in Beijing as U.S. Presses China to Break Hormuz Deadlock
Iranian Foreign Minister Abbas Araghchi met Chinese counterpart Wang Yi in Beijing on Wednesday as Secretary of State Rubio urged China to tell Tehran to reopen the Strait of Hormuz before the May 14 Trump-Xi summit.
Iran Demands Hormuz Permits as Trump Pauses Naval Escorts
Tehran's new Persian Gulf Strait Authority requires foreign ships to obtain transit permits before entering the strait, directly challenging the US position that Hormuz is international waters.
Iran Strikes UAE for First Time Since Ceasefire, Fujairah Refinery Burns
Iran attacked the UAE on May 4 for the first time since the April 8 ceasefire, igniting a fire at the Fujairah oil export hub and striking an ADNOC tanker — threatening the last major bypass route for Gulf crude.
Hegseth Affirms Ceasefire as Iran Warns of 'New Equation'
Defense Secretary says US-Iran ceasefire holds despite 10+ attacks on US forces, as Iranian parliament speaker warns Tehran has 'not even begun' its Hormuz response.
USS Truxtun and Mason Transit Hormuz Under Iranian Fire
Two US Navy destroyers completed a contested Strait of Hormuz transit Tuesday as Iran struck UAE oil infrastructure and 170 million barrels of tanker cargo remain bottled up.
OPEC+ Adds 188,000 bpd for June in First Meeting Without UAE
Seven OPEC+ producers led by Saudi Arabia and Russia agreed Sunday to raise June output by 188,000 barrels per day, the cartel's first quota call since the UAE's May 1 exit.
Iran Submits 14-Point Counter to U.S. Ceasefire Offer; Trump Cool
Tehran's counter-proposal demands a 30-day war-end, U.S. withdrawal from Iran's periphery, lifting of the naval blockade and sanctions, frozen-asset release, and a new Hormuz governance regime.
Rubio Invokes AECA Emergency Clause for $8.6B Arms Sale to Gulf
Secretary Rubio approved $8.6B in arms transfers to Israel, Qatar, Kuwait and the UAE on May 3, using the AECA emergency clause to skip the 30-day congressional review.
Collins Joins Paul as Only GOP Votes for Iran War Powers Resolution
Sen. Susan Collins broke with her party April 30 to vote for the Iran War Powers Resolution, citing the 60-day constitutional deadline that lapsed the next day.