The IEA expects oil demand to fall by 1.6 million barrels a day in 2026 as high fuel prices and Strait of Hormuz disruptions weigh on consumption.

Brent crude climbs as renewed violence dampens hopes for a return to stability in energy markets.

Iran's top security official says the Strait of Hormuz will not reopen unless the US meets its conditions.

Footage shows an Egyptian-owned cargo vessel in flames in the Bab al-Mandeb strait after a suspected Houthi attack.

President Donald Trump has claimed that the U.S. Navy has "100%" control of the Strait of Hormuz

Oil traders keep clinging to hope that the Strait of Hormuz will reopen

US President Donald Trump on Monday responded to Iran's conditions for a peace deal with his own demands that Iran pay compensation for people killed in wars, attacks and protests, in a rhetorical escalation likely to complicate efforts to reopen the Strait of Hormuz.

US president seeks payment for '50 years' of alleged damages after Iran conditions opening of Hormuz on war reparations.

US President Donald Trump said he will seek compensation from Iran for casualties in the war.

Fees should be charged for maritime services provided in the Strait of Hormuz, Iranian Foreign Ministry spokesman Esmaeil Baghaei said on Monday.

A Chinese maritime court has successfully mediated a dispute that had arisen from a collision between two foreign vessels near the Strait of Hormuz, China's Supreme People's Court (SPC) said on Monday.

The escalating tally underscores how far the two sides remain from resolving a crisis that has choked the Strait of Hormuz for more than five months.

Brent crude prices rise as Tehran says critical waterway will not reopen without major US concessions.

The US and Iran appear to be adjusting their respective positions as uncertainty continues to surround the future of their confrontation, with the reopening of the Strait of Hormuz remaining a key sticking point in negotiations.

Iran says the Strait of Hormuz will remain restricted unless the US meets a series of demands.

Iranian Foreign Minister Abbas Araghchi said on Sunday that there are currently no negotiations between Iran and the United States, though mediators are still seeking ways to resume talks and the two sides are exchanging messages through intermediaries.

IRGC sets conditions to reopen Strait of Hormuz as US seeks commitments to end attacks on ships in the waterway.

Iran's military stressed that the crucial waterway would only be reopened when the U.S

More than 500 guests from over 100 Taiwan-based civil societies, groups and other social organizations gathered in Beijing on Friday to attend a cross-Strait exchange event involving various social organizations.

Scholars and experts across the Taiwan Strait on Friday called for deeper cross-Strait exchanges to advance China's complete reunification and national rejuvenation.

Kpler: Hormuz traffic subdued, surges 18 percent through Bab el-Mandeb Traffic through the Strait of Hormuz remained subdued on 7 August, with eight confirmed crossings, down 33% from the previous day, according to maritime traffic tracking firm Kpler

US official: 'We expect a deal soon' between Iran and Oman on Strait of Hormuz Progress is being made betweenIranand Oman on the Strait of Hormuz and "we expect a deal soon," a US official told Reuters on Friday

Abu Dhabi National Oil Company says attacks significantly impacting its operations The Abu Dhabi National Oil Company said on Friday it continued to be significantly impacted by what it described as unprovoked attacks, but was taking measures to protect its people, assets and operations while meeting customer requirements as much as possible. The company said in a statement that 15 of its vessels had been attacked by missiles and drones while transiting the Strait of Hormuz since the start of the war, including three this week, leaving one crew member dead and 20 injured.

Since the US-Israel war on Iran began, Saudi Arabia had kept part of its oil flowing through the alternative route of Bab al-Mandab. But the Houthi blockade on the strait is now limiting that option

UAE oil company says attacks are significantly impacting its operations The Abu Dhabi National Oil Company (Adnoc) said it continued to be significantly impacted by what it described as "unprovoked attacks", but was taking measures to protect its people, assets and operations while meeting customer requirements as much as possible. Adnoc said in a statement that 15 of its vessels had been attacked by missiles and drones while transiting the Strait of Hormuz since the start of the Iran war, including three this week, leaving one crew member dead and 20 injured

Turkish President Recep Tayyip Erdogan will visit Saudi Arabia on Friday for talks with Crown Prince Mohammed bin Salman and Pakistani Prime Minister Shebaz Sharif, Erdogan's office announced on Thursday. The leaders will discuss the US-Israeli war on Iran and its effects on the Strait of Hormuz

News of Iran's restrictive draft plan for theStrait of Hormuz sent oil prices higher, renewing concerns over supply disruptions.

Saudi, Turkish, Pakistan leaders to hold summit in Jeddah A source close to the Saudi government told AFP that the leaders of Saudi Arabia, Pakistan and Turkey will hold a summit on Friday in Saudi Arabia's Jeddah. The agenda was not given, but the meeting comes as Iran and the US are locked in a showdown on reopening the Strait of Hormuz.

I don't think they can go much longer," Trump said in the Oval Office in a reference to Iran. Iran is currently negotiating a route through the Strait of Hormuz with Oman, and has denied that any talks have taken place with the US in recent days.

Erdogan to visit Saudi Arabia on Friday to discuss Hormuz: Presidency Turkish President Recep Tayyip Erdogan will visit Saudi Arabia on Friday for talks with Crown Prince Mohammed bin Salman and Pakistani Prime Minister Shebaz Sharif, Erdogan's office announced on Thursday. The leaders will discuss the US-Israeli war on Iran and its effects on the Strait of Hormuz.

Iranian lawmaker says parliament reviewing bill to ban hostile vessels from crossing Hormuz An Iranian lawmaker said on Thursday that the countrys parliament committee is reviewing a preliminary bill to ban US, Israeli and other hostile vessels from passing through the Strait of Hormuz, according to Fars news agency

Iran and Oman have reached an understanding on the outlines of an agreement to reopen the Strait of Hormuz for 60 days, Saudi-based Al Hadath news channel and Al Arabiya news channel reported Thursday, both citing high-ranking sources.

Iran and Oman are close to finalizing an agreement on new arrangements for commercial shipping through the Strait of Hormuz

UKMTO: Tanker reports two explosions while transiting Strait of Hormuz

Irans deputy foreign minister says no talks with the US held in recent days, Oman route almost finalised Iranian Deputy Foreign Minister Kazen Gharibabdi said on Wednesday that the US returning to its commitments in the Islamabad memorandum of understanding is a necessary condition, but will not be sufficient for Hormuz to reopen, adding that no talks with the US have been held in recent days. In comments carried by Irans IRNA news, he said that an agreement is on the verge of being finalised with Oman on the negotiated route through the Strait of Hormuz, which could be viable for the next two to four months.

Rubio, Miliband discuss Europe taking greater role in its own security US Secretary of State Marco Rubio and UK Foreign Secretary Ed Miliband discussed the importance of Europe taking a greater role in its own security during a meeting in Washington on Wednesday, according to the State Department. The two discussed their shared commitment to safe transit in the Strait of Hormuz and ensuring Iran never develops or obtains a nuclear weapon, according to Tommy Pigott, the US state department spokesperson

Treasury Secretary Scott Bessent told CNBC that Iran and the U.S. could reach a deal to open the Strait of Hormuz by Wednesday.

Oil prices fall as US officials tout progress in talks to reopen critical waterway.

Evening update Good evening Middle East Eye readers, If you are just joining us now, here are the latest developments from across the region: Israeli military sets off 'huge explosion' in southern Lebanon's Haddatha as the first day of a new round of Israel-Lebanon talks commence in Rome, expected to continue until Thursday A projectile sinks an Indian vessel near Yemeni waters, with all 14 seafarers safely rescued by the Yemeni coast guard Iran's foreign ministry says that talks with Oman are progressing 'positively' to negotiate a safe and secure route through the Strait of Hormuz Israeli forces continue to intensifytown raidsin the occupied West Bank as Israeli Knesset approves an additional $36m for settlement expansion US Central Command says it has redirected another ship in its blockade of Iranian ports, adding that the Strait of Hormuz remains 'free and open' for traffic Netanyahu says Israeli forces 'are not withdrawing from the current lines in Gaza', and that he disagreed with Trump's Board of Peace roadmap plan for Gaza White House is reportedly set to extend the Jones Act waiver, which has already reachedits longest suspension since it was enacted, in an effort to try to lower gas prices amid the surge caused by the Iran war, according to Reuters

US Centcom says Hormuz remains 'free and open' US Central Command (Centcom) said on Tuesday that the Strait of Hormuz "remains free and open" for commercial vessels amid the Iranian blockade of the waterway

Saudi Aramco reports bumper profits as it bypasses Strait of Hormuz Saudi Aramco said on Tuesday its profits surged 33 percent in the second quarter of this year, as the kingdom benefited from the US-Israeli war onIran, which drove up energy prices, while its oil pipeline allowed it to bypass the Strait of Hormuz

Iran warns US against directing traffic in the Strait of Hormuz

Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz would allow freedom of navigation.

A British maritime monitoring agency said a cargo ship reported being hit by a projectile overnight off the coast of Oman in the Strait of Hormuz.

US Treasury Secretary Scott Bessent said Tuesday that a deal with Iran could be reached on Tuesday or Wednesday to reopen the Strait of Hormuz.

must change its behavior or we will not tolerate this. We will never permit the opening of a second corridor in the Strait of Hormuz." If the blockade continues, American vessels and forces will face serious risks and casualties

UKMTO says tank struck off Oman's coast A cargo vessel was struck by an "unknown projectile" in the Strait of Hormuz 20 nautical miles (37 kilometres) north east of Oman's Al Khasab, the United Kingdom Maritime Trade Operations (UKMTO) said.

Iran's foreign minister denies talks with US Esmaeil Baghaei, Iran's Foreign Ministry spokesperson, said on Monday that there are no negotiations ongoing between Tehran and Washington, nor any plans for meetings, as the talks over the management of the Hormuz Strait remain mediated by Oman

But the email suggests the Pentagon did not plan for the conflict to drag out this long. The on-again, off-again US-Israeli war on Iran, which began on 28 February, led to Iran's closure of the Strait of Hormuz, which has sent energy prices skyrocketing and directly impacted Trump voters

US president demands 'Total Surrender' amid escalating naval blockade in the crucial Strait of Hormuz.

Iran's IRGC says it shot down MQ-9 drone over Strait of Hormuz

The tanker and its crew were reported safe. Spokesperson for Irans parliamentary National Security Committee, Hassan Qashqavi, said that Tehran is close to reaching an agreement with Oman over the Strait of Hormuz

Iranian official says they are close to reaching Hormuz deal with Oman Spokesperson for Irans parliamentary National Security Committee,Hassan Qashqavi, said that Tehran is close to reaching an agreement with Oman over the Strait of Hormuz

Tehran's announcement comes after Trump said US would hold off on new Iran attack in hope of quick deal.

Iran says Hormuz talks with Oman in final stages Iran's negotiations with Oman over the Strait of Hormuz are in their final stages, Foreign Minister Abbas Araqchi said, according to the IRNA news agency

Houthis deny planning to charge ships passing through Red Sea The Houthis have denied reports that they plan to impose fees on commercial ships passing through the Bab al-Mandeb strait

'Driver of global instability': UN chief says Middle East fighting must stop UN secretary-general Antonio Guterres has said that fighting must stop on all fronts in the Middle East as it is increasingly becoming a driver of global instability, according to Reuters. The UN chief noted that trade through the Strait of Hormuz has collapsed, energy markets have been upended, prices of food and key fertilisers have surged, and supply chains are buckling

Iran will further tighten Hormuz if US naval blockade continues, top official says A top official of Iran's Supreme National Security Council (SNSC) has warned that if the US continues with its naval blockade on Tehran's ports, it will furtherseal the Strait of Hormuz and block other strategic passages, according to IRNA

Araghchi says US actions main causes of regional insecurity Irans foreign minister, Abbas Araghchi, has told his Indian counterpart that the US violations of the Islamabad MoU and continued military action against Iran were the main causes of insecurity in the region and the Strait of Hormuz, IRNA reported

Kpler says Hormuz traffic drops sharply, remains steady through Bab el-Mandeb Shipping traffic through the Strait of Hormuz dropped sharply, with vessel crossings falling 77 percent day-on-day to just five ships, according to maritime analytics firm Kpler

UK, UAE discuss situation in the Middle East, Strait of Hormuz British Secretary of State Ed Miliband met the UAEs Deputy Prime Minister Abdullah bin Zayed and discussed the ongoing situation in the Middle East andprotecting freedom of navigation in the Strait of Hormuz

US says Strait of Hormuz remains open The US military says the Iranian governments claim that the Strait of Hormuz is closed is false

Commonwealth Bank of Australia said in a note on Friday that stronger oil flows through the Strait of Hormuz had eased market concerns after U.S.-Iran strikes earlier this week.

Here are the latest developments: A US strike on a residential house in Qeshm, located in Iran's Hormozgan, killed three members of a family and injured two others, aged 7 and 9.HormozganofficialAhmad Nafisi said that the family members killed included a father, mother and their two year-old child. The latest statement by the Islamic Revolutionary Guard Corps (IRGC) warned that countries who aid the US will face consequences.The IRGC also doubled down on Iran's control over the Strait of Hormuz, saying that thestrategic waterway will not be opened for as long as "US threats" continue

"Countries involved in aiding the aggressor will receive a harsh response if they do not correct their behaviour," the statement read. The IRGC also doubled down on Iran's control over the Strait of Hormuz, saying: "The Strait of Hormuz is our land, and the IRGC Navy sailors have full control over it, and a stranger who has come from thousands of kilometres away will not be allowed to interfere." It added that the strategic waterway will not be opened for "as long as the American authorities' exaggerations and threats and their interference in maritime movements in the region continue".

Attacks near the Strait of Hormuz, Red Sea and Black Sea are pushing shipowners to reroute cargo and rethink global trade risks.

Uncertainty over crude oil supplies via the Strait of Hormuz is pushing Asian states towards Canada's TMX crude oil.

New US sanctions target Iran's Hormuz income The United States on Wednesday announced new sanctions targeting entities linked toIran's Islamic Revolutionary Guard Corps that it accused of extorting ships transiting the Strait of Hormuz

Iran has also struck three ships in the Strait of Hormuz and rejected Omans proposal on managing the waterway.

Senior Iranian official says Tehran ruled out Oman's proposal for regional joint management of Hormuz Strait Tehran has ruled out Oman's proposal for regional joint management of the Strait of Hormuz, a senior Iranian official told Reuters on Wednesday

Three 'offending' tankers targeted and stopped in Hormuz Strait, IRGC says Three "offending" oil tankers were targeted and stopped, the navy command of the Islamic Revolutionary Guard Corps announced

Omani proposal is based on the Strait of Malacca model, where ships that use the strait provide voluntary fees.

Qatar, Oman foreign ministers discuss US-Iran memorandum Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani spoke by phone with Omani Foreign Minister Sayyid Badr Albusaidi, discussing bilateral ties and joint coordination to de-escalate tensions in the Middle East, Al Jazeera reported. Sheikh Mohammed stressed the need for all parties to stick to dialogue and diplomacy and implement the US-Iran memorandum of understanding, including ensuring freedom of navigation in the Strait of Hormuz