Strait of Hormuz

Iran’s state media reported that three people were killed in US strikes on Qeshm Island

The Saudi oil producer has yet to finalise details of the mechanism, including its starting date, say traders

This follows a US military statement that says US air defences had averted a surprise Iranian attack

Saudi Arabia says its air defences intercepted and destroyed several drones targeting oil facilities

However, the US president warns of a return to fighting if no deal is reached

Eleven commodity vessels pass through the Bab el-Mandeb strait on Sunday, the lowest level in months

WEST Texas Intermediate (WTI) crude prices have rebounded more than 20 per cent since the beginning of July, after retesting the pre-Iran war level of US$68 per barrel on Jul 2. The recent rebound in ...

Separately, Iran accuses Ukraine of attacking an Iranian commercial vessel in the ​Caspian Sea

One official expressed doubts that resuming major combat operations would drive Iran back to the bargaining table