Iran threatens to close Hormuz as clash with US widens
Oil prices rose in early Asia trading, while Kuwait activated emergency measures to keep electricity and water supplies running.
Oil prices rose in early Asia trading, while Kuwait activated emergency measures to keep electricity and water supplies running.
Shipping traffic fell and global oil prices climbed above US$90 a barrel amid threats of an Iranian response.
IRGC also claimed strikes on a U.S. Navy fuel dock in Kuwait and fighter deployment sites in Bahrain in Nasr 2.
The alternative route to the Mediterranean is being readied as disruptions in the Selat Hormuz cut Irak oil output by more than 50 percent.
New: IRGC also urged Jordan to close U.S. bases and claimed the attacks will continue if the kingdom keeps hosting them.
Earlier: Iran strikes U.S. bases in Bahrain, Kuwait, targets 85 sitesSeries: United States · Iran Conflict Escalation · 32 chapters since Jul 7Vance said a financed campaign sought to derail U.S.-Iran talks, as the White House said foreign countries often shape U.S. public opinion.
Analysts warn two key global energy routes could be disrupted at once, with oil prices potentially surging to US$200 a barrel.
Earlier: Iran claims strikes on US bases and radar in Kuwait, Bahrain, OmanSeries: Iran · US Iran Military Escalation · 5 chapters since Jul 13Brent rose to US$85.11 a barrel as ship traffic through Hormuz fell sharply to 14 vessels on Sunday.
Iran rejected the claim, while two UEA tankers were attacked in Oman waters as tensions widened.
The 2 million-barrel vessel had been stalled since March; two PIS tankers have now left the Arabian Gulf and resumed operations.
In Ankara, Trump also blasted European allies for declining to back U.S. efforts to reopen the Strait of Hormuz.
Oil's rise to around $74-$75 a barrel and safe-haven demand for dollars added pressure on Asian currencies.
Analysts cite U.S. strikes on Iran and disruption in the Strait of Hormuz as pressure on the rupiah, despite higher reserves.
The ship traveled 16 hours from the Arabian Gulf as VLCC Pertamina Pride still awaits a security assessment before moving.
The sides are also negotiating navigation service standards and ship fees, amid a 60-day deadline after a memorandum with the US.
The inspection could cover 450 kilograms of enriched uranium as part of the 60-day negotiations after the US-Iran MoU.
Both sides are aiming for a final deal within 60 days on nuclear issues, sanctions, reconstruction and implementation.
The report warns that budget pressures in Indonesia and rising farm costs could amplify land-clearing fires.
New: AS and UEA also discussed safe shipping lanes in the Selat Hormuz after the June 18 MoU set terms for restoring Iran navigation.
The phased operation follows the Iran-U.S. memorandum, while Oman warns collision risks remain high in the waterway.
The Burgenstock talks will include mediators from Pakistan and Qatar, with a 60-day window for a final nuclear and sanctions deal.
The threat disrupted four-way technical talks mediated by Qatar and Pakistan just as new peace negotiations were getting started.
Tehran linked the move to Israeli strikes in Lebanon, while CENTCOM said Iran does not control the strait.
The circulating text sets a 60-day deadline for a final deal and 30 days to end the naval blockade.
The document took effect June 17 and covers a halt to fighting in Lebanon, with a final accord due within 60 days.
New: Trump says a U.S.-Iran peace signing is planned in Swiss on Friday, with ships in the Strait of Hormuz tariff-free.
The 14-point draft includes lifting a sea blockade, reopening the Strait of Hormuz and 60-day nuclear talks.
The government is also pursuing supplies from Nigeria, Angola and the United States to protect stocks as the Middle East remains unstable.
The draft would free up frozen Iranian assets, ease oil sanctions and launch 60-day nuclear talks; signing could come as soon as June 14 in Geneva.
New disruptions in the Strait of Hormuz and prospects for peace talks are shaping the agenda on energy, sanctions and European security.
Brent fell nearly 5% to about US$83 a barrel, while the S&P 500 gained 1.7% and the Nasdaq jumped 3.1%.
Tehran is still withholding final approval while pressing for sanctions relief, frozen assets and recognition over the Strait of Hormuz.
New: Trump cancels a planned bombing of Iran, while Iran's state media says Washington is backing away to old demands.
New Delhi summoned a US diplomat and demanded an end to attacks on merchant ships in the area.
The call also touched on Middle East tensions as Indonesia pushes to finalize its trade pact with the European Union.
The move raises the risk of global energy supply disruptions, even as the U.S. military says commercial vessels still use the route.
The deaths prompted India to lodge a sharp protest with Washington and summon a U.S. diplomat in New Delhi.
The move again chokes a route carrying about 20 percent of global oil and gas supplies amid fresh U.S. attacks.
He also said the Strait of Hormuz would reopen immediately after the deal is signed.
Analysts say strong U.S. labor data has shifted expectations toward another Fed rate hike, weighing on risk appetite.
The US said six Iranian missiles were intercepted and one missed its target, sharpening risks to shipping in the Strait of Hormuz.
Earlier: Iran Attack Shuts Kuwait Airport, Injures SeveralSeries: Iran · US Iran Regional Escalation · 12 chapters since May 28Grossi says a technical agreement is near, but uranium exchanges and curbs on Iran's nuclear program remain unresolved.
Series: United States · Iran War Negotiations · 6 chapters since May 29