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Iran said on Monday it was still in control of the Strait of Hormuz and not seeking to resume peace talks with the United States, after President Donald Trump halted a two-week bombing campaign that his top brass told him had run its course.Following 13 successive nights of intensifying bombing that provoked Tehran to fire on U.S. bases in response, Trump halted the campaign over the weekend. Iran said it would pause its own attacks for as long as the U.S. pause in bombing endures. Trump's decision to suspend the campaign reflected advice from his top brass that ‌the bombing,...

The Houthis enacted a maritime blockade against Saudi Arabian-linked ships and ports, dealing another blow to shipping in the Middle East.Transits in the Strait of Hormuz were down this week compared to the previous week as the U.S. struck Iran for the 13th straight day. London-based Lloyd’s List Intelligence tracked 78 transits between July 13 and Sunday compared to 174 between July 6-12.Both east and westbound transits took a hit with 44 eastbound transits between July 13 and Sunday compared to 101 the prior week. Westbound transits dropped from 73 to 34 in the same period. Numbers may fluctuate as...

Oil prices plunged and stocks surged in early trading on Monday after the U.S. paused attacks on Iran over the weekend, opting against a major escalation of the war. Global prices fell 6% on Monday, briefly crossing below $90 a barrel before moving slightly above that benchmark. The decline reversed a days-long run up in crude prices as fighting threatened to worsen a historic global oil shock. Stock prices climbed in response to the drop in oil prices. The Dow Jones Industrial Average climbed 570 points, or 1.1%, while the S&P 500 jumped 0.6%. The tech-heavy Nasdaq increased 0.6%.Crude costs...

ISTANBUL—The conflict between the U.S. and Iran is escalating just as the two warring parties are running up against the limits of what they can achieve through military force.The conflict widened this week after Iranian-allied militants in Yemen began striking ships transiting a key Red Sea chokepoint, helping drive oil prices above $100 a barrel for the first time in two months on Thursday.The U.S., meanwhile, has escalated its bombing campaign in Iran in recent days, striking throughout the country during the most intense period of fighting since President Trump and Israel began bombing Iran in late February.Trump and other...

As President Trump threatens a major escalation in Iran, signs are mounting that the U.S. military is preparing for a potential return to major military operations. But experts are skeptical that an intensified air strike campaign — even if it takes out bridges, water facilities and electricity plants — will break Tehran or force tough concessions at the negotiating table. "I don't think it will change Iran's calculation in any way, because from Iran's perspective, this is when they said it publicly, that this is a war of survival for them. So bombing from the air is not going to...

Donald Trump flew into an expletive-laden rant in the Oval Office as he increasingly loses patience over the war he started in Iran, according to someone who overheard the angry meltdown. The president launched into a raging tirade against Iran's leaders, referring to them as "scumbags" and "lunatics," while also spitting out a series of expletives during the White House meeting, a person who heard the comments told The Wall Street Journal. It comes after Trump's 'diaper nurse' left devoted letters to the president in his room with intimate messages.

Sen. Rand Paul (R-Ky.), who has voted repeatedly for resolutions to withdraw U.S. troops from the military conflict with Iran, told reporters Wednesday that the United States is “worse off” than it was before President Trump launched the war in late February. “I think the Iran war has not been a success. I’ve been opposed to the Iran war from the beginning. I think by any objective measure we’re worse off than we were before the war,” Paul said on Capitol Hill. “If you look at the militarization of the Strait of Hormuz, that’s never happened before,” he said. “There’s...

Any damage inflicted by Iran on ships in the Strait of Hormuz will be paid for by Iranian money that the U.S. holds, President Donald Trump said on Thursday in a Truth Social post. The comment follows after the U.S. has pounded Iran for about 12 days straight. Iran and the U.S. tore up a memorandum of understanding that sought peace after Iran repeatedly fired upon ships transiting the Strait of Hormuz. “Please let this statement serve to represent, until further notice, that from this point forth, any and all damages done to Ships, Cargo, or anything related thereto, will...

he U.S. military's Central Command repeated an assertion on Tuesday evening that has been made by the Trump administration many times over the last two weeks, insisting that "despite Iranian aggression, the Strait of Hormuz remains open for commercial vessel traffic." Despite the U.S. president and military continuing to urge vessels to use a southern route through the strait, in defiance of Iran's threats, few shippers seem willing to risk it. The Joint Maritime Information Center in Bahrain, a military partnership that includes the U.S., said commercial traffic in the Strait of Hormuz fell to a three-week low on Tuesday...

Oil producers in the Persian Gulf are making plans to bypass the Strait of Hormuz with new pipelines and a new port after Iran has repeatedly attacked ships and blocked traffic. The idea is to minimize Tehran’s leverage on the waterway that once saw 20% of the world’s oil pass through it as the war stretches into its fifth month. Iran has already insisted that it will impose tolls on the strait, which could cost tens of billions of dollars. And in some cases, it is extracting millions of dollars of protection money per oil tanker. Two such projects are...

President Donald Trump took back his 20% fee on all cargo transported through the Strait of Hormuz on Tuesday, some twenty-four hours after first making the surprise announcement. In yet another yo-yo move of his tariff and trade policy, Trump claimed that he will replace the transit fee on the Strait with “trade and investment deals” for individual countries using the key energy hub. “Oil is flowing like never before, thanks to the awesome Power of the United States Military. A special salute to Secretary of War, Pete Hegseth, Chairman of the Joint Chiefs of Staff, Dan Caine, and Commander...

Donald Trump has reinstated his naval blockade of Iran, barring ships from entering or leaving their ports, days after Tehran attacked another commercial vessel and declared the Strait of Hormuz closed. The President also claimed the US would be paid a 20 percent tariff for securing safe passage for commercial vessels through the Persian Gulf. The details of Trump's demand were not immediately clear. Trump wrote on Truth Social that the US 'will be, from this point forward, known as "The Guardian of the Hormuz Strait."' 'The process and formation will begin immediately. Thank you for your attention to this...

Donald Trump says the US is reinstating its blockade of Iranian ports in the Strait of Hormuz, beginning "immediately" In a post on Truth Social, he says the US will be the "guardian" of the vital waterway and impose a 20% charge on all cargo shipped to pay for the cost of "safety and security" - how this will work in practice is unclear, writes our White House reporter

“We’ll become the guardian of the strait. Maybe we’ll become the guardian angel of the strait, and we should be reimbursed for that,” he said. “When we do that we’re going to be reimbursed because the other nations are very wealthy, they’re on our side, and we can’t be expected to do that for nothing unlike we had for many years.” “We guarded the strait for 50 years, and we never got paid for it,” he added. “We guarded it for nothing.” U.S. Central Command (Centcom) announced Sunday that it “completed a new wave of offensive strikes against Iran” and...

The U.S. is demanding that Iran make a public statement saying the Strait of Hormuz is open and that ships crossing the vital corridor won’t be attacked anymore, senior U.S. officials said Friday, adding that internal Tehran power struggles have made it difficult to reach and keep a deal. The U.S. officials, who spoke on condition of anonymity to describe to reporters the state of play with Iran, said the resumption of strikes this week came after what they described as a rogue faction of Iranian hard-liners trying to sabotage the ceasefire between Tehran and Washington. It comes as U.S....

Iranian and Middle East diplomats held crisis talks in Oman Saturday to respond to the US demand that Tehran issue a public pledge to keep the Strait of Hormuz open – while reportedly weighing whether to propose a new travel route along the critical waterway. Iranian Foreign Minister Abbas Araghchi was meeting with Oman’s Foreign Minister Badr Albusaidi in Muscat to discuss “safe navigation through the Strait of Hormuz,” according to state media in Tehran. There were no indications top US officials were involved in the negotiations. Qatari officials, who have sometimes served in a mediating role between the warring...

The U.S. Treasury Department said Tuesday it will cancel its authorization of Iranian oil sales following a series of attacks on tankers in the Strait of Hormuz. The decision comes after Iran launched multiple attacks on tankers transiting the critical waterway this week, despite having promised safe passages to commercial ships under an interim deal to reopen Hormuz. The Trump administration had previously waived U.S. sanctions on Iranian oil as part of that agreement. The Office of Foreign Assets Control is ending the license that had allowed the production, delivery and sale of Iranian oil, which was set to run...

Three tankers were struck by projectiles Tuesday in the Strait of Hormuz, the British military said, in the latest attacks targeting vessels moving through the narrow mouth of the Persian Gulf. One of the tankers was traveling off the coast of Oman and caught fire, according to the United Kingdom Maritime Trade Operations center. Iranian state television said the liquefied natural gas tanker came under attack after ignoring warnings but did not directly claim the assault. Two other tankers were also hit, including one that was struck by a drone. It was not immediately clear where they were at the...

President Donald Trump's plan to reopen the Strait of Hormuz appears to be working, as transits show the strongest signs yet of returning to normal operations. Commercial shipping is steadily increasing under the 60-day U.S.-Iran ceasefire, easing fears of prolonged global oil supply disruptions and driving crude prices lower. New maritime data shows vessel traffic through the strategic waterway has more than quadrupled over the past week as shipping companies cautiously resume voyages through the Persian Gulf. According to maritime intelligence platform Signal, the number of traceable daily voyages entering and leaving the Gulf increased from just one or two...

The US and Iran on Sunday agreed to a weeklong de-escalation in the Strait of Hormuz, cooling tensions just in time for Fourth of July celebrations. The agreement aimed to keep things quiet for US and Iran technical teams negotiating indirectly with one another in Qatar, a US official confirmed to The Post. The deal has the added benefit of taking down the temperature as the US prepares for America’s 250th birthday and Iran holds funeral ceremonies for slain Supreme Leader Ali Khamenei on Friday, Saturday and Monday. The temporary calm comes even as Washington and Tehran remain locked in...