US-Iran war: Washington and Tehran agreed to a ceasefire in June, but the US reimposed a blockade on Iranian shipping in July.
US-Iran war: The US and Iran are currently not engaged in direct talks but Tehran is in conversation with Iran. Iran said the final pact with Oman was nearing to define new shipping lanes through the Strait of Hormuz.
US-Iran war: A proposed deal is in the works that could give Tehran control of inbound ships at the Strait of Hormuz.
Hormuz crisis: Iran and Oman have been holding bilateral talks on the strait, which they control through its northern and southern channels.
These missiles, each costing over $1 million, allow the US military to strike targets accurately from long distances without risking piloted aircraft against enemy air defences.
US-Iran war: Trump has, however, defended himself against suggestions that he had benefited financially from his presidency, saying he was not involved in managing his personal finances.
US-Iran war: Iran is expected to receive a shipment of 400 Chinese-made shoulder-fired missiles within weeks in a deal valued between $60 million and $70 million.
According to the sources, the initial deliveries are expected to be transported by air from Urumqi in western China before transiting through Pakistan into Iran.
US-Iran war: Eleven commodity vessels passed through the Bab el-Mandeb strait on Sunday, the lowest level in months.
The tariffs will cover 99.4 per cent of US imports, although certain products such as oil and gas, fertiliser, and some food items will be exempt.
US-Iran war: Liquefied natural gas supplies to several Asian buyers in India and South Korea will be impacted by this force majeure.
US-Iran war: If cargoes cannot pass through the southern strait, they must take the northern route via the Suez Canal, adding weeks and costs to the journey.
US-Iran war: In their statement, the Houthis said the maritime embargo was based on the principle of "an eye for an eye" and asserted their right to respond to the blockade with a blockade, meeting all escalation with escalation.
Representatives of Iran's Islamic Revolutionary Guard Corps (IRGC), who are present in Yemen, would decide when to close the Bab el-Mandeb strait
IEA chief Birol described the Iran conflict as the worst energy disruption in history and said higher oil and gas output from the United States has helped ease pressure.
As US-Iran conflict sees an escalation again, it remains unclear when freedom of navigation through Hormuz will be restored and how quickly shipping, insurance, and operator confidence will follow, said the IMF.
Strait of Hormuz: The White House stated that the Strait of Hormuz remains open despite the attacks. Spokeswoman Olivia Wales accused Iran of committing "acts of international terrorism" against commercial shipping and said the United States was responding forcefully.
A senior Yemeni official warned on Monday that the country's armed forces were prepared to close the Bab el-Mandeb Strait if Saudi Arabia continued attacking Yemen.
Donald Trump said the US should be reimbursed for protecting the strait, but he also said he does not think a fee should be charged for ships transiting the waterway.
Iranian state media reported fresh US strikes near Bandar Abbas, Sirik, and Qeshm Island, all close to the Strait of Hormuz.
Strait of Hormuz: Dark transits are taking place amid attacks on ships by both Iran and the US.
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