Saudi city on the Gulf, home to a crucial oil port
Global oil routes are reopening as Iran and the United States sign a memorandum to end the conflict, promising the Strait of Hormuz will be fully open for at least 60 days. Backlogs and safety concerns remain as shippers begin phased restarts amid mine clearance and navigational risks.
CENTCOM says US aircraft have struck Iranian missile and drone storage facilities and coastal radar sites after Tehran’s drone attack on a commercial ship in the Strait of Hormuz. Iran responds with attacks on US positions. The ceasefire framework and interim deal are under renewed strain as global oil flows through Hormuz face new uncertainties.
The United States has struck Iranian missile and drone storage facilities and coastal radar sites in response to an Iranian drone attack on a cargo ship near the Strait of Hormuz. Iran reports strikes on a pier area in Sirik, while Bahrain condemns the actions as threats to regional stability. Israel and Lebanon sign a framework to end fighting with Hezbollah, though details remain unclear.
Aramco has resumed crude oil loadings at Ras Tanura after a four-month halt. Investigations are under way into a helicopter crash that killed 14 nationals. The company is cooperating with authorities amid a broader push to move cargoes ahead of a US-Iran crisis. The incident remains under investigation.