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2026June › 17

Hormuz

4 days ago

Details of 14-point agreement revealed as senior US officials claim ‘major win’ despite significant concessions to Tehran

  • Middle East crisis – live updates

The Trump administration has released the tex…

An US-Iran agreement aimed at ending hostilities and reopening the Strait of Hormuz is set to be signed Friday.
Berlin and Warsaw have both said the EU's existing Aspides mandate to address threats in the Red Sea could provide a legal basis for a mission in the Persian Gulf.
Shipping operators and insurers prefer to wait and watch from a distance for now.
The behavior of Iranian forces "has become less volatile" and the U.S. Navy continues to provide oversight, the Joint Maritime Information Center said.
Trump said this week that his administration would “soon” be able to reimpose sanctions on Russian crude “because the oil is now flowing” through the Strait of Hormuz.

5 days ago

The remark came as the G7 threw its support behind the U.S. President's tentative agreement with Iran to reopen the Strait of Hormuz.
Oil production facilities and markets will take months or years to work through consequences of Strait of Hormuz closure
Brent crude drops to lowest price since early March before signing of framework deal to end US-Israel war on Iran.
At least three Iranian tankers carrying nearly five million barrels of crude oil have exited the U.S. Navy blockade.

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