US restores Iran shipping blockade as Hormuz fighting flares
What's new: Trump dropped a planned 20% cargo toll, but fresh US strikes and Iranian attacks kept the ceasefire from unraveling further.
What's new: Trump dropped a planned 20% cargo toll, but fresh US strikes and Iranian attacks kept the ceasefire from unraveling further.
Why it matters: Oil jumped more than 9%, and the new US blockade of Iranian ports is set to resume Tuesday afternoon.
Why it matters: The move targets a waterway that carries about a fifth of global oil and gas, after fresh US-Iran strikes shook the region.
Why it matters: About a fifth of traded oil and gas once moved through the strait, and tanker traffic remains far below prewar levels.
Tehran says Washington has repeatedly violated the June memorandum, including new sanctions and limits on oil sales.
Why it matters: The strait carries about a fifth of global oil and gas trade, and Washington wants Tehran to guarantee open transit without tolls.
What's next: Iranian Foreign Minister Abbas Araghchi reached Oman as mediators seek a call with the U.S., Qatar and Pakistan.
The delegation will also include Yahya Cholil Staquf and Haedar Nashir, with meetings planned with Abbas Araghchi and Mohammad Bagher Ghalibaf.
The delegation also includes Yahya Cholil Staquf and Haedar Nashir, with bilateral meetings planned with Iran's foreign minister and parliament speaker.
Series: Ali Khamenei · Funeral Procession · 5 chapters since Jul 5Tehran cited Article 13 of the Islamabad memorandum, in force since 18 June, hours after Trump reopened the military option.
The sides are also negotiating navigation service standards and ship fees, amid a 60-day deadline after a memorandum with the US.
What's next: negotiators still must settle how Iran would dispose of highly enriched material and reopen the Strait of Hormuz.
Swiss is preparing the formal signing in Burgenstock on 19 June, with both delegations due to attend.
What's next: The draft would pair inspections and sanctions relief with reopening the Strait of Hormuz, but US officials say signing is not certain.
Islamabad is trying to restart a second round of stalled talks after the 8 April temporary cease-fire.
Series: United States · Iran War Negotiations · 6 chapters since May 29Iran’s top diplomat mocked the allegation on X and urged Beirut to focus on the “real enemy.”
Why it matters: Fewer than a handful of daily transits through the chokepoint are straining oil, fertilizer and fuel supplies from Asia to Europe.
Why it matters: The impasse clouds a 2-month extension tied to reopening the Strait of Hormuz and wider nuclear talks.
What's new: Iran reported no tangible progress, while fresh attacks killed at least 8 in Lebanon and hit Kuwait and Bahrain.
What's new: Tehran reported no tangible progress, even as Trump pushed for a weekend breakthrough and Gulf tensions flared again.
President Donald Trump is pushing additional edits to a proposed US-Iran framework tied to a ceasefire, Hormuz shipping and nuclear talks.