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Three oil tankers carrying 5 million barrels of crude have exited the Strait of Hormuz following an interim Iran-US deal, with two heading to Asia. The breakthrough is gradually releasing oil supplies stuck in the Gulf and pushing down global prices.
US Secretary of State Marco Rubio has ruled out accepting any Iranian tolls or charges on the Strait of Hormuz, signalling deepening rifts in Middle East peace negotiations over nuclear inspections and missile programmes.
Oman's Foreign Minister has restated his country's dedication to ensuring unobstructed, cost-free passage through the Strait of Hormuz after meeting with senior Iranian officials, signalling regional diplomatic progress on a critical global shipping route.
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Iran's chief negotiator Mohammad Bagher Qalibaf has arrived in Oman to consult on a fresh framework governing the Strait of Hormuz, days after intensive talks with the United States in Switzerland.
Parliament convenes today for a 16-day session featuring heated debates on the Strait of Hormuz's toll on local industry, the haj system overhaul, and new AI governance legislation targeting deepfakes and digital crimes.
Delegations from the United States and Iran have completed their opening negotiation session in Switzerland, mediated by Qatar and Pakistan. The talks, led by US Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf, aim to implement a memorandum of understanding signed to resolve months of regional tensions.
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US and Iranian delegations have arrived in Switzerland for technical talks aimed at implementing the Islamabad Memorandum signed earlier this week, with discussions expected to address the broader West Asia conflict and the escalating Lebanon crisis.
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President Trump has declared that no tolls will be collected in the Strait of Hormuz during a 60-day ceasefire, but threatened potential US-imposed fees thereafter to recoup guardian costs for the region.
President Trump expressed no regret over the deaths of three Indian sailors killed in a US missile strike, instead characterising maritime incidents as part of a 'rough profession'. The dismissal has triggered public backlash in India.
An interim deal ending the US-Iran war took effect on Thursday, allowing oil tankers to resume passage through the Strait of Hormuz and pushing global crude prices to their lowest point since fighting began. However, Israeli military operations in Lebanon and fierce disagreements over Iran's nuclear programme threaten the agreement's durability.
Oil prices retreated sharply following a US-Iran ceasefire agreement promising to reopen the Strait of Hormuz and lift sanctions on Iranian crude exports, though market observers remain cautious about the pace of supply recovery.
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US President Donald Trump has announced the completion of a peace agreement with Iran, authorising the immediate reopening of the Strait of Hormuz and lifting a naval blockade to resume global maritime traffic and energy shipments.
Germany, France, the United Kingdom and Italy have committed to supporting operations in the Strait of Hormuz following a US-Iran agreement, pledging a defensive mission to ensure safe passage for commercial vessels.
Prime Minister Anwar Ibrahim has expressed support for a US-Iran agreement aimed at ending hostilities, commending Pakistan's mediation role and urging all parties to move quickly toward a lasting peace settlement.
The Food and Agriculture Organisation has cautioned that any closure of the Strait of Hormuz would constitute a worldwide food security emergency rather than a localized issue, given the waterway's critical role in transporting fertilisers and energy.
Iran's Foreign Minister Abbas Araghchi announced that Iran and Oman will jointly oversee the strategic Strait of Hormuz, exercising their natural rights as bordering nations while ensuring safe passage for all vessels.
Iran's highest military command has issued a warning that any foreign military vessel attempting to disrupt operations or maritime traffic in the Strait of Hormuz will be targeted by Iranian armed forces.
South Korea's Ministry of Oceans and Fisheries confirmed that a crude oil tanker loaded from Saudi Arabia's Yanbu Port has successfully navigated the Red Sea route, marking the sixth diversion from the Hormuz Strait.
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Three major international organisations have raised alarm over depleting global oil reserves, warning that continued disruption to Strait of Hormuz shipping could trigger fuel shortages during peak summer demand.
The United States maintains its naval blockade of Iranian ports despite President Donald Trump's Friday announcement that the restrictions would be lifted, Iranian officials claim.
Iran fired missiles at a US base in Kuwait on Thursday following American strikes on Iranian drone operations near the Strait of Hormuz. President Trump dismissed reports of a proposed agreement to manage the vital shipping route jointly with Oman.
EU foreign policy chief Kaja Kallas has described the Strait of Hormuz as existing in a peculiar condition between conflict and stability, warning that unresolved tensions threaten maritime freedom and global interests.
Washington has sanctioned Iran's Persian Gulf Strait Authority, alleging it extorts shipping companies through illegitimate toll collection benefiting the IRGC military force.
Iran's IRGC Navy reported that 25 vessels, including oil tankers and container ships, transited the Strait of Hormuz in the past day after receiving authorization. The force maintains tight control over the strategic waterway.
South Korea's foreign ministry planned to unveil results of its investigation into an attack on the HMM Namu cargo vessel in the Strait of Hormuz on May 4, with First Vice Foreign Minister Park Yoon-joo heading the briefing.
Brent crude rose nearly 4% after the US conducted military strikes in Iran, undermining weekend optimism about a potential agreement to end the three-month conflict and restore shipping through the strategic Strait of Hormuz.
Prime Minister Anwar Ibrahim credits Malaysia's diplomatic relationship with Iran for securing uninterrupted passage of the country's oil shipments through the Strait of Hormuz as Middle Eastern tensions rise.
An Idemitsu Kosan-operated tanker carrying 2 million barrels of crude oil has become the first Japanese vessel to successfully transit the Strait of Hormuz since Iran's closure of the strategic waterway, arriving in Aichi Prefecture on Monday.
Malaysia has sufficient fuel supplies through the end of July, according to Economy Minister Akmal. The government is actively tracking developments in the Strait of Hormuz and global energy market fluctuations.
Oil prices dropped over $5 a barrel to two-week lows Monday as the United States and Iran showed signs of moving toward a peace agreement, though significant disagreements persist on critical issues.
Iran's Foreign Ministry says negotiators have resolved a substantial portion of contentious issues with the United States, but cautioned that a formal deal is not yet within reach.
Omani and Iranian officials met in Muscat to discuss maritime navigation principles governing the Strait of Hormuz under international law, as regional powers work toward broader peace agreements.
Iran has outlined conditions for a proposed memorandum with the United States covering cessation of hostilities across multiple fronts, sanctions waiver on oil exports, and partial release of frozen assets, with negotiations on nuclear matters.
The United States and Iran are on the verge of concluding a major agreement to resolve the Middle East conflict, with US Secretary of State Marco Rubio suggesting a deal could be announced within hours. Nuclear negotiations have been delayed by two months.
Prime Minister Anwar Ibrahim has urged the United States and Iran to forge an inclusive framework agreement that would safeguard the Strait of Hormuz and address security concerns of all regional nations.
The US and Iran are on the verge of finalising a 60-day ceasefire agreement that would reopen the Strait of Hormuz and permit Iran to resume oil exports. The deal hinges on Iranian commitments regarding nuclear weapons and uranium enrichment.
Iran has agreed to a draft plan aimed at ending fighting and reopening the strategic Strait of Hormuz. The proposal includes halting combat across multiple fronts and lifting US naval restrictions on Iranian shipping.
Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani has called for de-escalation in the Gulf region during discussions with Iran's Foreign Minister Abbas Araghchi, reaffirming support for comprehensive peace agreements and regional stability.
US Secretary of State Marco Rubio reported limited progress on Iran negotiations during a NATO foreign ministers gathering in Istanbul, though he stressed Washington's core position that Iran cannot develop nuclear weapons remains firm.
Iran's Revolutionary Guard Navy facilitated the transit of 31 commercial vessels through the Strait of Hormuz in a single day, emphasising its role in maintaining security along the critical shipping route amid escalating tensions.
Shipping through the Strait of Hormuz has plummeted due to regional conflict, forcing oil tankers to reroute via the Panama Canal. Traffic through the canal has increased 8 per cent this year as vessels seek alternative passages around the crisis zone.
The UN Food and Agriculture Organisation has cautioned that a sustained closure of the Strait of Hormuz could spark a severe worldwide food price crisis within six to 12 months, urging governments to act swiftly on alternative trade routes and strategic reserves.
Iran is establishing a formal mechanism to regulate traffic through the Strait of Hormuz and collect fees, while the Trump administration indicates readiness for fresh negotiations. Regional powers are meanwhile exploring diplomatic solutions to the ongoing maritime dispute.
Singapore's Foreign Minister Dr Vivian Balakrishnan has underscored the importance of maintaining unimpeded passage through the Strait of Hormuz during a regional tour spanning four Gulf nations from May 2-5, reaffirming bilateral partnerships.