Iran's Islamic Revolutionary Guard Corps Navy has imposed new navigation rules in the Strait of Hormuz, restricting transit to civilian vessels operating on designated Iranian routes and explicitly barring military ships from the waterway. The move follows Iran's separate announcement of opening the strait and comes as the two sides remain at an impasse over US President Trump's insistence on maintaining a naval blockade until a comprehensive agreement is reached. The Strait of Hormuz carries roughly one-fifth of global oil supply, making any shift in transit rules a direct pressure point on energy markets and tanker operators. The restriction on military vessels introduces a new compliance layer for navies that routinely use the strait, while civilian shipping faces a narrowed, supervised corridor. The standoff now turns on whether the IRGC's framework is recognized or contested by the US Navy presence, with tanker routing, insurance risk premiums, and crude flow all sensitive to any escalation in enforcement.
Iranian armed forces attacked a cargo ship in the Strait of Hormuz on Thursday, briefly halting traffic through the waterway. The strike threatens a fragile US-Iran arrangement and could push shipping insurance costs and oil prices higher.
The US has struck Iran, with President Trump citing an Iranian attack on a ship in the Strait of Hormuz as justification. The action raises immediate risks for global oil flows through one of the world's most critical shipping chokepoints.
The US struck ten Iranian targets on the second consecutive day of military action, putting a fragile ceasefire under serious pressure. The escalation raises immediate risks for Gulf shipping, global oil supply, and regional stability.
Venezuela's twin earthquakes, magnitudes 7.2 and 7.5, have killed at least 164 people and injured 971, interim president Delcy Rodriguez confirmed Thursday. The quakes are the country's strongest since 1900, collapsing buildings across Caracas and prompting a state of emergency, with the death toll expected to rise as
