Iranian news agency tied to the IRGC, described as semi-official
Brent crude has climbed toward $97 a barrel after renewed exchanges of strikes between the United States and Iran over the past week. US strikes have hit sites along Iran's southern coast while Iran has attacked US-linked vessels and bases in the region; shipping through the Strait of Hormuz remains constrained and US pump and diesel prices have risen.
The latest reporting indicates negotiators are pursuing a framework to end the conflict, reopening the Strait of Hormuz and easing sanctions as part of a broader nuclear accord. Officials warn that hard questions remain and timing is uncertain, with multiple regional powers watching closely.
Iran is coordinating a multi-city funeral for Ayatollah Ali Khamenei, with Mojtaba Khamenei absent from public view. State media show three sons near the coffins as crowds gather, while officials plan mass processions to Qom, Najaf, Karbala and Mashhad amid a fragile ceasefire and renewed tensions with the US and Israel.
The United States has escalated strikes against Iran, while Iran and its IRGC retaliate with missiles and drones targeting Gulf bases and shipping. The renewed hostilities threaten global energy flows as both sides threaten further action and diplomatic talks remain fragile. The Strait of Hormuz remains central to the crisis.
Iran has continued attacks on US bases across the Gulf region, targeting Jordan, Kuwait, Bahrain, Qatar and Oman with missiles and drones. US-led airstrikes have responded with approximately 90 targets hit in Iran as the Strait of Hormuz remains a focal point of the conflict. Regional leaders urge restraint while diplomacy is pursued.
The US has completed a two-hour "heavy wave" of strikes across Iran, hitting Revolutionary Guard command centres, missile and drone facilities and coastal surveillance sites after Tehran fired ballistic missiles at US forces. Iran has launched retaliatory drone and missile strikes on US assets and allied facilities in the region; Jordan reported intercepting missiles with no casualties.
Global stocks have rallied this month after officials reported progress in talks to reopen the Strait of Hormuz, and a string of strong corporate earnings has bolstered investor sentiment. Treasuries and oil prices have fallen as traders pare back expectations for near-term Fed hikes; strategists warn valuations and one-off earnings boosts limit further upside.
Shipping through the Strait of Hormuz has ground toward a halt this weekend as a 60‑day ceasefire between the U.S. and Iran has reached its expiry and negotiations remain stalled. Kpler data shows single‑digit daily transits; Iran has repeated demands that the U.S. lift its naval blockade, remove sanctions and pay reparations, while the U.S. says it can maintain the blockade indefinitely and is planning further economic pressure.
Iran, Oman, and the United States are negotiating a framework to reopen the Strait of Hormuz without tolls while broader nuclear talks resume. Washington has suggested the risk of renewed strikes is being met with renewed diplomacy, and regional states are urging restraint as attacks in the Gulf intensify.
Iran has said three of its pilots were captured by Qatari forces after Su-24 jets crashed during an operation over Qatar in March. Qatar has denied detaining surviving aircrew, saying its search teams recovered one body and invited Iran to review the rescue operation; Tehran says Doha has not responded to its request to allow an Iranian investigation.
President Trump has announced what he called the "most crushing economic operation ever" against Iran and warned any country that provides a lifeline to Tehran will face "tremendous economic consequences." Treasury officials have signalled stepped‑up secondary sanctions while Tehran has rejected the move; oil prices and US equities have reacted this week.
The United States has announced a new wave of sanctions aimed at Iran’s economy, describing them as the most severe financial measures yet. Tehran warns of retaliatory moves, and markets react as the rial hits record lows amid heightened tensions. Officials from both sides signal a broad confrontation that could redraw energy routes and international trade.
The United States has warned of an unprecedented financial offensive against Iran, with Treasury officials and the president signaling tighter enforcement of sanctions. Tehran has warned of an "earthquake-like" retaliation and warned Gulf states against joining. Oil markets are watching, as prices fluctuate amid the standoff.
Iran, under pressure from renewed sanctions and a collapsed June MoU, is pursuing diplomacy to restore shipping through the Strait of Hormuz. Tehran says the strait will not reopen until US commitments are met, while mediators in Doha, Doha, and Muscat coordinate talks with Qatar, Oman and Pakistan to de‑escalate and resume dialogue.
The US has struck Iranian rocket launchers on Larak Island after reporting Tehran was preparing to deploy sea mines into the Strait of Hormuz. Iran has launched missiles and drones at US forces in Jordan and the UAE and has said it shot down a US drone. President Trump has threatened further strikes while Washington is increasing sanctions to squeeze Iran’s economy.
A U.S. strike hit a wedding home in Kuhestak, Iran, killing several civilians including a child and injuring dozens. Tehran says the attack amounts to a crime, while Washington says it never targets civilians as fighting widens across the region.