Iran

Close to 56 million barrels of Iran's crude are on vessels globally, with over 60% anchored in Singapore (above) and off China, data from Kpler shows.

Iranian crude offered to China at discount as demand softens

Iranian oil to China falls to 1.1 million barrels a day in May, based on data from data analytics firm Kpler

The threatened redirection of Iranian assets could create a new irritant to a fragile ceasefire between the US and Iran.

US eyes Iranian assets for Gulf allies’ reconstruction, source says

An Iranian official said a peace deal hinged on the release of US$24 billion in Iranian assets frozen by the US

Two leaders (above: Russia's Vladimir Putin and the US' Donald Trump) started wars of choice which they thought would bring quick victories, only to find themselves trapped in conflicts they are finding difficult to end.

Why Putin and Trump should both want quick peace deals

Despite the mounting costs of both wars, the Russian and US leaders are reluctant to admit failure

A ceasefire has largely held since early April, but Iran and the US have exchanged strikes several times over the past week.

Iran studying deal to halt war as stalemate persists

Trump says talks for a deal are continuing; sources say Teheran is pushing for a limited interim agreement

The increase in transits through Hormuz could signal that more shipping companies are willing to make the journey.

Strait of Hormuz ship transits are rising thanks to US help

Some of the ships that have crossed belong to companies that had not transited Hormuz since the war began

Trump’s changes were potentially intended to speed up the process by putting pressure on Iran to accept the framework.

Trump sends tougher terms to Iran for framework to end war, US officials say

He has been concerned about parts of the potential deal that would include unfreezing funds for the Iranians

Vessels anchored at the Strait of Hormuz as seen from Musandam, Oman, May 25, 2026.

Iran, US agree on deal to extend ceasefire and open Hormuz; Trump’s approval pending

“We’re not there yet, but we’re very close and we’re going to keep on working at it,” says US V-P Vance

US President Donald Trump has yet to approve the ceasefire deal on the war with Iran, which the US and Israel launched on Feb 28.

US imposes fresh sanctions on Iran’s military oil sales

8 vessels involved in transporting Iranian crude oil and petroleum products to global markets were also sanctioned

The escalation in hostilities highlighted threats to the tenuous ceasefire between the US and Iran that took effect in early April.

Iran and US trade air strikes after Trump dismisses report of Hormuz deal

The waterway is covered by international law that guarantees foreign vessels the right to pass through