Trump said Monday that the US will restore its blockade of ships departing or entering Iranian ports and demanded a 20% reimbursement on all other cargo moved through the Strait of Hormuz

Iran swiftly reversed course on reopening the Strait of Hormuz on Saturday, reimposing restrictions on the critical waterway after the US said it would not end its blockade of Iran-linked shipping. Iran’s joint military command said that “control of ...

Asian shares showed mixed performance amid a tech stock sell-off, while Brent crude surged above $85 as escalating US-Iran tensions fueled supply disruption concerns.

A fragile pause in the fighting has shattered as missiles, shipping threats, and fresh military strikes push the US-Iran conflict into a dangerous new chapter.

Pakistan, July 8 -- The United States has reimposed restrictions on Iran's oil sales, accusing Tehran of targeting commercial vessels in the Strait of Hormuz. The US sanctions on Iran oil mark another escalation in tensions despite the recent memorandum of understanding between the two countries.

The United States intensifies military action against Iran, with President Trump declaring the US as the 'Guardian of the Hormuz Strait' while proposing a controversial cargo fee, raising tensions and oil prices in the region.

Shipping traffic through the Strait of Hormuz dropped sharply on April 20 after Iran abruptly reinstated its blockade, just days after reopening the route on April 17 during a fragile ceasefire with the US. The sudden move comes ahead of an April 21 ...

The U.S. and Iran's contradictory interperations of the memorandum of understanding have led to renewed fighting over the Strait of Hormuz.