Tanker

• The United Arab Emirates has accused Iran of launching "unprovoked attacks" against two UAE tankers traveling through the Strait of Hormuz. • President Trump responded to the escalation by dismissing Iran as "all talk and no action," claiming the nation is no longer the "bully of the Middle East." • The incident heightens regional tensions as the U.S. continues its push to prevent Tehran from acquiring nuclear weapons.

• The UKMTO reported two explosions near a tanker transiting the Strait of Hormuz, though no damage was reported. • Diplomatic talks mediated by Oman are progressing "positively" to reopen the strait, with US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent indicating a deal could be reached imminently. • The proposed agreement would establish a transit system where ships enter the Persian Gulf via an Iranian-controlled route and exit through an Omani-controlled route.

• President Trump has threatened "decapitation" strikes against Iran, stating the country is on its "very last chance" to reach a deal. • In response to a Houthi-declared blockade, six Saudi-operated tankers have been diverted around Africa to ensure safe passage. • Iran's Foreign Ministry is currently in negotiations with Oman to establish a temporary safe route for maritime vessels.

Energy prices have soared again since fighting between US and Iran resumed two weeks ago as conflict spreads across Middle EastMiddle East crisis live – latest updatesIran said it struck two tankers trying to pass through the strait of Hormuz under the escort of the US military, as Donald Trump gathered his cabinet at to discuss the stalling war and rising prices as midterm election in the US loom.Iran’s Islamic Revolutionary Guard Corps said they had hit two tankers trying to pass through the strait on Friday. Continue reading...

Conflict continues across the region as White House announces nuclear technology agreement. Plus, the artist who flattened a Tesla with a tankGood morning. The US has signed a landmark nuclear deal with Saudi Arabia that could allow the kingdom to enrich uranium in the future. The deal will be submitted to Congress for review, where it could face opposition among lawmakers who fear a lack of monitoring safeguards.In lengthy talks stretching over more than one administration, the US has feared that Riyadh would look elsewhere for nuclear technology if the US did not provide what it wanted. Saudi Arabia has long said that if it does not partner with the US, it could do so with China or Russia, which have different proliferation standards.Why is a uranium deal with Saudi Arabia controversial? The full details of the deal have yet to be released, but it comes as the US’s war with Iran is being fought in part to prevent Tehran enriching uranium domestically and make it near impossible for Iran to build a nuclear weapon. Saudi Arabia has in the past said it would need a nuclear weapon if Iran acquired one. Kenneth Roth has analysed why Trump would agree it right now.What are the latest developments in the war? The US military launched its 12th successive night of strikes, which have now widened to western and central Iran. In attacks lasting five hours, the US claims to have struck military targets including maritime capabilities, missile and ⁠drone storage facilities, coastal surveillance sites and air defense assets. Yemen’s ⁠Houthi militia also attacked two ​Saudi Arabian oil tankers, the Iran-aligned group said on Thursday, with a Saudi news agency later confirming one of the vessels was ablaze in the Red Sea. Continue reading...

• Yemen’s Houthi rebels claim to have attacked tankers in the Red Sea, asserting that the vessels violated their established blockade. • The US military has launched its 12th consecutive night of strikes against Iranian-linked targets to degrade Tehran's ability to threaten shipping in the Strait of Hormuz. • In a significant diplomatic shift, the US has signed a nuclear deal with Saudi Arabia to stabilize regional security.

US military says it is degradimg Tehran’s ability to threaten ships in strait of Hormuz; Houthis say tankers violated their blockade; US signs nuclear deal with Saudi ArabiaWelcome to our live coverage of the continuing crisis in the Middle East.The US military announced on Thursday evening it had began a 12th consecutive night of strikes against Iranian military targets at the direction of Donald Trump. Continue reading...

Warning to shipping companies, on top of Iran’s chokehold on strait of Hormuz, may severely affect Saudi oil exportsMiddle East crisis live – latest updatesYemen’s Iranian-aligned Houthis have warned shipping companies that their tankers risk being attacked if they use Saudi Arabian ports, as the militia moved quickly to enforce a blockade announced the previous day.The Houthi warning for the Red Sea, coming on top of Iran’s threat to shipping on the other side of the Arabian peninsular in the Gulf, could affect the substantial Saudi oil exports that have so far been unscathed by the months-long conflict and deepen the rapidly escalating crisis in the region. Continue reading...

• Oil prices surged on Monday, July 20, 2026, following reports that the conflict between the US and Iran has escalated, resulting in attacks on tankers in the Strait of Hormuz. • In separate financial news, South Korea announced plans to ease access to the won as part of a broader strategic goal to make the currency freely convertible. • These developments are driving volatility across Asia-Pacific markets, as energy security concerns clash with regional currency reforms.

Boarding of M/T Wen Yao in Gulf of Oman comes as expanded airstrike campaign hits five bridges in southern IranAmerican forces boarded a ship in the Gulf of Oman on Thursday as part of the renewed blockade of Iran’s ports that began earlier this week, the US military said.US Marines boarded the M/T Wen Yao “to ensure full compliance with the ongoing US naval blockade,” US Central Command (Centcom) said in a post on X. Continue reading...