US moves to tap Iranian assets after strikes hit Kuwait, Bahrain
Why it matters: The step could deepen the US-Iran standoff as ceasefire talks falter and Gulf allies seek compensation for damage.
The Straits Times, Bloomberg
Subject
#Strait of Hormuz
WFP warns Middle East conflict could push 45 million toward hunger
What's new: Aid delivery in Afghanistan now can take up to 75 days, and WFP expects to reach 1.5 million fewer people in 2026.
Iran fires at bases in Kuwait and Bahrain after US hits radar sites
Why it matters: The exchange further strains an April ceasefire and keeps pressure on Strait of Hormuz shipping and oil flows.
Hormuz traffic stays near zero as US-Iran talks stall at 100 days
Why it matters: Fewer than a handful of daily transits through the chokepoint are straining oil, fertilizer and fuel supplies from Asia to Europe.
The Straits Times, Bloomberg
US-Iran talks stall as strikes widen and Lebanon truce frays
Why it matters: The impasse clouds a 2-month extension tied to reopening the Strait of Hormuz and wider nuclear talks.
The Straits Times, Bloomberg
Iran fires warning missiles, drones at US warships in Gulf of Oman
What's new: The confrontation followed a US interception of the sanctioned stateless tanker M/T DAVINA in the Indian Ocean.
The Straits Times, Axios
US downs 6 Iranian missiles, 4 drones in Gulf exchange
Why it matters: The strikes hit traffic near the Strait of Hormuz and prompted Bahrain sirens as oil and gas route risks climbed.
The New York Times, NPR +1
US-Iran talks stall as Hezbollah rejects Lebanon truce
What's new: Iran reported no tangible progress, while fresh attacks killed at least 8 in Lebanon and hit Kuwait and Bahrain.
Iran talks stall as strikes test truce and Hormuz deal
What's new: Tehran reported no tangible progress, even as Trump pushed for a weekend breakthrough and Gulf tensions flared again.
The Straits Times, Bloomberg +1
Iran strike kills 1 at Kuwait airport as US hits Qeshm Island
Why it matters: Oil rose more than 2% as fighting again threatened the Strait of Hormuz, a key route for global energy shipments.
US-Iran war deal stalls as Trump seeks edits to draft pact
What's new: Trump said he is in no hurry, while negotiators are still wrangling over nuclear terms and reopening the Strait of Hormuz.
BBC News (US & Canada), CNBC +1
Trump seeks more changes to proposed US-Iran deal framework
President Donald Trump is pushing additional edits to a proposed US-Iran framework tied to a ceasefire, Hormuz shipping and nuclear talks.
BBC News (World), The New York Times
Oil drops more than 3% as Israel-Lebanon truce lifts Iran deal hopes
Why it matters: A Hormuz reopening would ease a major threat to nearly a fifth of global crude flows and inflation fears.
Global stocks wobble as Iran-US strikes lift oil above $94
Why it matters: Brent jumped as much as 6.5%, fueling inflation worries and pressuring bonds even as AI-linked shares stayed strong.
Channel News Asia, The Business Times (Singapore) +1
Oil slips as US-Iran talks keep Strait of Hormuz reopening in play
What's next: Traders are watching for a deal within a week as tanker traffic stays far below prewar levels and keeps a risk premium in crude.
The Business Times (Singapore), Bloomberg +2