Oil Prices Set for Biggest Weekly Drop in a Month Despite Strait of Hormuz Attack
Brent oil fell below $73 a barrel, while West Texas Intermediate (WTI) traded near $70 on Friday.
Ship traffic through the Strait of Hormuz increased by 105%, Iran objects to Oman’s new route
According to maritime intelligence firm Kpler, ship crossings through the key waterway increased by 105 percent on June 24, 2026, reaching 70 crossings.
Tankers with 35 million barrels of oil leave the Strait of Hormuz after US-Iran deal
This is according to data from Kpler, a company that tracks global trade flows.
Rubio heads to Gulf after rocky start to US-Iran talks
US Secretary of State Marco Rubio visits Gulf allies amid tense US-Iran negotiations and regional conflicts.
Oman opens temporary maritime routes in the Strait of Hormuz and cancels fees
Instead, vessels transiting the strait can use temporary routes located north and south of the existing shipping lanes.
German Minesweeper Fulda Heads to Mediterranean Amid Preparations for Strait of Hormuz Mission
Germany’s minesweeper Fulda departs for the Mediterranean, preparing for a potential mission in the Strait of Hormuz to secure vital trade routes. The deployment awaits parliamentary approval.
Hegseth: US-Iran ‘Truce Has Not Ended’ Amid Strait of Hormuz Threats
US Secretary of Defense Pete Hegseth stated that the US-Iran truce ‘has not ended’ amid threats to shipping in the Strait of Hormuz, despite unclear US commitments.
US-Iran Truce on Brink of Collapse: UAE Reports Attacks, US Claims Boats Sunk
The US-Iran truce is on the brink of collapse after the UAE reported drone and missile attacks, and the U.S. claimed to have sunk Iranian boats.