Oil prices rose Friday as investors weighed escalating threats between the U.S

Fatih Birol says 'oil security is still a critical issue' and world should be 'worried' if situation does not improve.

Strait of Hormuz wont return to pre-war status, Iran says The situation in the Strait of Hormuz will never return to what it was before the 40-day war, Iranian armed forces spokesman Ebrahim Zolfaghari said

A major return to fighting between the two sides would not only add to Yemens humanitarian crisis but also shake energy markets and the Saudi economy, which is already navigating the Iran war. 'No easy solution' Since Iran has attempted to assert its control of the Strait of Hormuz, the Red Sea has become the main artery for Saudi Arabian oil exports

After the Strait of Hormuz, Iran's IRGC warns it could next target Bab al-Mandeb.

Oil producers are building or contemplating new pipeline projects to bypass the Strait of Hormuz, but this infrastructure is still vulnerable, analysts said.

US launches new wave of strikes on Iran, as blasts heard near Erbil consulate The US launched a new wave of strikes on Iran on Wednesday evening, as blasts were reported near the US consulate in Erbil, in Iraq's semi-autonomous Kurdistan region. The US targeted "Iranian military capabilities used to threaten vessels freely transiting through the Strait of Hormuz," Centcom said on X

Oil prices rose Wednesday after U.S. forces struck Tehran and Washington reinstated its naval blockade of Iranian ports near the Strait of Hormuz.

Centcom says seven-hour wave of strikes against Iran 'complete' US Central Command (Centcom) said it completed its latest seven-hour wave of attacks against Iran,adding that it hit "dozens of military targets near the Strait of Hormuz and the country's coastal areas"

"U.S. cant come teach us about international law!" He added that while Oman shared the Strait of Hormuz, it is "wartime now, and for national security reasons Iran must control all of the Strait".

Watch: Trump says he will drop Hormuz fee for trade with Gulf states US President Donald Trump announced on Tuesday that the US will make trade and investment deals with the Gulf states instead of the 20 percent levy he previously proposed for ships to pass through the Strait of Hormuz

U.S. President Donald Trump has reversed his announcement on imposing fees on ships transiting the Strait of Hormuz

The US Central Command says American forces have resumed the naval blockade of Iranian ports and vessels, despite the Islamic Republics warnings that Washington would not be able to forcibly reopen the Strait of Hormuz.

IMO condemns attacks on shipping in Hormuz that killed two sailors The International Maritime Organisation (IMO) issued a statement on Tuesday condemning the latest attacks on shipping in and around the Strait of Hormuz which led to the deaths of at least two seafarers and the injuries of several others

Air defences activated around Bushehr nuclear power plant, clashes heard in Gulf waters Irans Mehr news agency said that its air defences around the Bushehr nuclear power plant in southern Iran have been activated. The agency also reported that explosions sounded in the maritime area of eastern Hormozgan and Sirik, which it says appear linked to an exchange of fire and clashes in the waters of the Gulf between the Gulf of Oman and the Strait of Hormuz

Some Gulf states signal they aren't opposed to paying fees in Hormuz, sources say Some Arab Gulf States have suggested to the US and European countries that they are not opposed to paying a fee in the Strait of Hormuz, but reject Iranian control of the waterway, multiple US and regional officials have told Middle East Eye

US supports efforts by Iraq and Syria to reconstruct oil pipeline The US is supporting efforts by Iraq and Syria to reconstruct a crude oil pipeline running between the two countries, which could bypass the Strait of Hormuz, a State Department official told Reuters on Tuesday

Donald Trump backs away from fee, says regional countries will instead invest in US in return for transit protection.

US President Donald Trump says he has abandoned his proposed 20% fee on cargo transiting the Strait of Hormuz.

Renewed conflict and tensions in the Strait of Hormuz have slowed fertiliser shipments, worsening hunger in Sudan.

U.S. President Donald Trump on Tuesday dropped the idea of charging a 20% fee on all cargo shipped through the Strait of Hormuz.

Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz.

Bill on Hormuz Strait security introduced in Iranian parliament, lawmaker says The head of the Iranian Parliaments National Security Committee indicated that a bill aiming to ensure the security of the Strait of Hormuz was formally introduced in parliament

India summons Iranian deputy ambassador over killing of citizen in Hormuz Strait An Indian government official indicated that the country summoned Iran's deputy ambassador over the killing of an Indian seafarer in the Strait of Hormuz

Oil markets reel as President Trump revives his naval blockade in the Strait of Hormuz and demands a 20% toll charge.

Report: Iran rescues over a dozen bulk carrier crew after collision in Hormuz Strait Iran reportedly rescued 23 foreign crew members north of Qesh Island in the Strait of Hormuz, according to thesemi-official Fars news agency

Elsewhere, theIran's Islamic Revolutionary Guard Corps (IRGC) claimed attacks across the region, targeting vessels, military bases and infrastructure, as well as radar systems. Here are the latest developments: US President Donald Trump said he wanted Gulf countries to reimburse Washington for helping "protect the Strait of Hormuz"

Brent crude nears $85 a barrel amid renewed hostilities between Washington and Tehran.

The US military carried out strikesagainst Iranfor a third consecutive night on Monday and two tankers came under Iranian fire in the Strait of Hormuz after US President Donald Trump said the US was reinstating its blockade of Iranian shipping in the Gulf and would ensure that the strategic waterway stayed open, though for a fee.

IRGC claim attack on two vessels in Hormuz Strait, targets Bahrain's Juffair base Iran's Islamic Revolutionary Guard Corps (IRGC) said that two"offending supertankers" were hit and disabled in the Strait of Hormuz

US President Donald Trump says the US should be paid by rich oil-producing Gulf nations to secure the Strait of Hormuz

UAE says two tankers hit by Iranian missiles in Hormuz Strait, killing crew member The UAE Ministry of Defence said that two national vessels were targeted by two Iranian cruise missiles in the southern lane of the Strait of Hormuz, killing one Indian crew member and wounding eight others - including four seriously

IRGC: Two supertankers hit, disabled in Strait of Hormuz

Araghchi addressed Trumps announcement that the United States would unilaterally declare itself the Guardian of the Hormuz Strait and demand a steep 20% reimbursement on all cargo passing through it.

Iran warns it would not allow US to 'interfere' in Hormuz Strait Iran's military said that it would not allow the United States to "interfere" in the management of the Strait of Hormuz as hostilities with Washington resumed

The Strait of Hormuz is a major oil shipping route and the epicenter of the U.S

Washington and Tehran both claim to be in control of the strategic waterway as fighting escalates.

Iran's military has warned it will not allow the United States to interfere in the management of the Strait of Hormuz.

Former NATO analyst says Trump's push for a naval blockade in the Strait of Hormuz would mean a huge military operation.

IMO says Hormuz should remain free of tolls The International Maritime Organisation has called for the Strait of Hormuz to "remain free of any tolls and charges, in accordance with international law"

The security situation in Hormuz has deteriorated since Iran attacked multiple commercial ships transiting the strait over the past week.

Iranian foreign minister says Tehran will remain 'guardian' of Hormuz Iran's foreign minister says the country has "always been the guardian of the Strait and will remain so forever"

Hormuz tanker traffic falls to lowest level in two months The number of tankers transiting the Strait of Hormuz has fallen over the past 24 hours to its lowest level in two months, as renewed fighting between the US and Iran and attacks on vessels heighten safety concerns

Iranian official says Tehran will keep fighting for Hormuz Mohammed Mokhber, a senior adviser to Iranian Supreme Leader Mojtaba Khamenei, says Tehran will continue to fight for the Strait of Hormuz, after Trump pledged to take full control of the crucial trade route

Chances of a rate hike in July by the Federal Reserve rose as oil prices jumped on the latest developments in the Strait of Hormuz.

The United States and Iran each asserted Monday they controlled the Strait of Hormuz after a weekend of attacks stretching across the wider Middle East.

US, Iran exchange strikes as tensions escalate over Strait of Hormuz

Iran responded to a fresh wave of strikes by U.S

Sharp declines for South Korea's SK Hynix spook markets in Asia and weigh on futures for Europe and the U.S.

Brent crude climbs more than 4 percent as Washington and Tehran clash over control of critical waterway.

The US has launched a new wave of strikes on Iran targeting Tehran's ability to threaten shipping in the strait.

Oil prices spike as renewed US-Iran war threatens global supply route Oil prices have climbed by more than 3 percent as renewed fighting fuels fears of disruption to shipments through the Strait of Hormuz

The ministry described US military action over the past 24 hours as a flagrant violation of the UN Charter. It also said Washington had undermined Iranian arrangements in the Strait of Hormuz, disrupting international commercial shipping and worsening insecurity along the vital maritime route

The U.S

US launches new strikes on Iran over Strait of Hormuz attacks US Central Command says its forces launched a new wave of attacks on Iran on Sunday evening

US military has significantly increased the scale of attacks on Iran in recent days as the Strait of Hormuz standoff boils over.

Trump says US hit Iran 'very hard' after nearly agreeing deal President Donald Trump said the US hitIranhard in response to attacks on shipping in the Strait of Hormuz

Trump says Strait of Hormuz open to commercial traffic US President Donald Trump said that the Strait of Hormuz is open to commercial traffic, in commentsmade during an interview on NBC's Meet the Press

US 'positioned' to ensure navigation in Strait of Hormuz, says Centcom The Strait of Hormuz is open to all vessels and US military forces are "positioned and prepared" to ensure freedom of navigation, US Central Command said on Sunday

The EU finance ministers are assessing the economic impact of the US and Israel's aggression against Iran, with the Strait of Hormuz becoming a critical economic chokepoint

Iran strikes American military assets in Gulf and Jordan, after US hits Iranian cities Iran carried out missile and drone attacks on a string of Gulf states and announced the re-closure of the Strait of Hormuz, after the US launched a third round of strikes across Iranian cities in a matter of days

Iran adviser says Hormuz 'more important' than nuclear bombs An adviser toIran's supreme leader has said that the Strait of Hormuz was more important than "dozens of atomic bombs"

Iran's Islamic Revolutionary Guard Corps (IRGC) said it targeted Oman during a barrage aimed at countries across the Gulf. The Oman News Agency said on X that "the Sultanate of Oman affirms its condemnation and denunciation of this attack", which came just hours after the country hostedIran's foreign minister to address security issues in the Strait of Hormuz.

US forces have launched a third round of strikes on Iran in a week.

Reality is knocking," he added. Ghalibaf's post was accompanied by an image of Article 5 of the memorandum of understanding (MoU), which concerns the reopening of the Strait of Hormuz

The army also claimed that another wave of drone attacks targeted a US communications system and radar site in Bahrain. The IRGC said it had stopped a second "offending vessel" in the Strait of Hormuz and warned that continued US-Israeli "aggression" would trigger "even more devastating" responses

Centcom claims 140 Iranian military targets struck in latest strikes US Central Command (Centcom) said its forces struck about 140 Iranian military targets using precision munitions launched by land- and sea-based aircraft, drones and naval vessels. In a statement, Centcom said it had completed a third round of strikes against Iran this week, "holding Iranian forces accountable for attacking another commercial ship in the Strait of Hormuz"

IRGC says 'US imposing its will on Oman', warns of 'severe responses' Iran's Islamic Revolutionary Guard Corps (IRGC) accused the US of "imposing its will" on Oman's government by attempting to route several vessels through the Strait of Hormuz via what it described as "an illegal route" south of the waterway

Tensions flared sharply over the weekend after Iran announced a temporary closure of the Strait of Hormuz and the United States confirmed the launch of a third wave of military strikes against Iranian targets.

US said to be pushing for public statement that Iran will not fire at commercial ships passing through Strait of Hormuz

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

Tankers transit Hormuz despite renewed US-Iran tensions Vessels transporting liquified natural gas (LNG) have resumed passage through the Strait of Hormuz in recent days, according to ship-tracking data, with authorities in Tokyo reporting that 22 Japan-linked ships have left the Gulf since Tuesday