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With the Strait of Hormuz effectively blocked and the US temporarily easing sanctions, Russian crude has surged in value and found new buyers. Tankers are being rerouted, prices are spiking, and a shadow fleet is doing the heavy lifting. Here is how Moscow is cashing in and who else might profit.
With talks delayed by the Iran conflict, Volodymyr Zelenskyy says Kyiv will insist on specific dates for the next US-mediated negotiations with Moscow and will press allies on sanctions and security guarantees.
NATO says it is reshaping its mission in Iraq and temporarily withdrawing forces as tensions spike across the region. Tehran threatens to make tourist and leisure sites unsafe for its foes, while Trump blasts NATO allies and the U.S. moves more ships and marines into the Middle East.
Benjamin Netanyahu quoted historian Will Durant, saying Jesus has no advantage over Genghis Khan. The remark, made during a press briefing on Iran, went viral and drew protests from the Christian community. Netanyahu later said he did not intend to offend.
Tehran is reportedly building a registration and vetting process run by the IRGC for ships that want to transit the Strait of Hormuz. A handful of countries are in talks, a new 'safe' corridor has appeared, and insurers and shipping firms may still say no.
On the 21st day of the conflict, Tehran vows harsher retaliation if energy sites are hit again, Israel hints at a possible ground phase, global fuel prices spike, and diplomatic tensions rise after a controversial White House remark.
Washington sent A-10s and Apache helicopters to push ships away from the shipping lane, after President Trump told Israel not to repeat attacks on Iran's gas infrastructure. Israel still struck Tehran, Iran rerouted tankers near Larak Island, and regional tensions have driven oil prices up.
A U.S. F-35 made an emergency landing in the Middle East after being reportedly struck by Iranian fire. The aircraft and pilot are safe, and the incident is under investigation as the wider conflict escalates across the region.
A rapid series of strikes and missile launches has hit major oil and gas facilities across the Gulf, damaging Qatar’s LNG hub and putting global gas and oil markets on high alert.
The Pentagon has asked for roughly $200 billion to fund the United States and Israel campaign against Iran. Defense Secretary Pete Hegseth says there is no set end date, while Congress and critics push for more details before signing off.
QatarEnergy says attacks by Iran damaged two LNG trains and a gas-to-liquids unit, wiping out 17% of export capacity and forcing possible long-term force majeure on contracts.
At a White House meeting, President Trump urged Japan to help secure the vital Strait of Hormuz amid the war with Iran, made a controversial remark referencing Pearl Harbor, and praised Japan for "stepping up" even as Tokyo's pacifist constitution limits its military options.