HOUSTON, Texas: Oil markets are beginning to signal a near-term supply glut as tankers resume leaving the Strait of Hormuz, releasing crude that had been stranded in the Gulf during the Iran war.
US Navy: Oman route through Hormuz expanding to facilitate traffic A maritime body overseen by the US Navy said a route through the Strait of Hormuz near Oman was being expanded to ease traffic and allow vessels to pass through the waterway. The announcement by the Joint Maritime Information Center came after Iran insisted ships must obey its orders and warned that it would begin charging transit fees through the strait.
Iranian official says cargo clearance from UAE port resumes An Iranian trade official told state media on Saturday that Tehran had resumed cargo clearance after US attacks on Iran following a drone attack on a cargo ship transiting the Strait of Hormuz. The official said containers that could not be processed due to “wartime conditions” were now being cleared from the Port of Jebel Ali, a major transit hub for Iranian goods in the United Arab Emirates, adding that trade was expected to gradually return to pre-war levels.
Iranian daily Shargh says Iran’s banking system is trapped in a familiar cycle: cyberattack, service collapse, public confusion, brief official statements and a gradual return to normal without any clear report on what failed or who was responsible.
‘Financial death penalty’: How US sanctions are upending the lives of ICC judges Submitted by Sondos Asem on Fri, 06/26/2026 - 14:56 A complaint filed in New York reveals new details of how three judges have been unable to access their bank accounts and health insurance after being sanctioned by Trump ICC judges mark opening of the judicial year on 27 January 2026 (ICC-Flikr) Off Three International Criminal Court (ICC) judges have had their bank accounts frozen, lost their health insurance and were cut off from basic financial services as a result of sanctions imposed by the Trump administration, a complaint filed in a New York federal court reveals. US sanctions, imposed under Executive Order 14203 signed by President Donald Trump in February 2025, led to consequences that stretch far beyond the professional lives of the three judges. The measures have affected their freedom of movement, their physical security, their families and their ability to carry out basic daily transactions.
Sanctioned ICC judges sue Trump in US over 'attack on judicial independence' A federal court in New York has summoned US President Donald Trump to respond to a lawsuit brought by three sitting judges of the International Criminal Court (ICC), who accuse his administration of punishing them with sweeping sanctions for their work on investigations involving Israel and the United States . The summons, issued on Thursday by the US District Court for the Southern District of New York, requires the government to respond within 60 days to a complaint filed a day earlier by judges Kimberly Prost of Canada, Solomy Balungi Bossa of Uganda and Reine Alapini-Gansou of Benin. The case names Trump as the lead defendant, along with Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, and Acting Attorney General Todd Blanche.
The new US-Iran memorandum of understanding marks a fundamental shift in Washington's approach to Tehran, replacing years of "maximum pressure" with an effort to use economic incentives to secure nuclear concessions, experts told Iran International.
Ships crossing Hormuz use Oman passage despite Iran warnings Traffic levels in the Strait of Hormuz fell back from Wednesday's high, but vessels continued to use a non-Iranian-approved passage, despite a ship being struck by a projectile, tracking platforms showed Friday. At least 42 commodity vessels - including tankers carrying oil, gas, and dry bulk such as fertilisers - crossed on Thursday, Kpler's tracking platform showed, down from a high of 57 on Wednesday. Ten of those vessels entered the Gulf, while 32 exited.
Sanctioned ICC judges sue Trump in US over 'attack on judicial independence' Submitted by Sondos Asem on Fri, 06/26/2026 - 13:06 Three serving members of The Hague-based court say asset freezes and travel bans tied to investigations in Palestine and Afghanistan are punishment for doing their jobs Canadian ICC judge Kimberly Prost is among three judges bringing the case against the Trump administration (ICC official photo) Off A federal court in New York has summoned US President Donald Trump to respond to a lawsuit brought by three sitting judges of the International Criminal Court (ICC), who accuse his administration of punishing them with sweeping sanctions for their work on investigations involving Israel and the United States . The summons, issued on Thursday by the US District Court for the Southern District of New York, requires the government to respond within 60 days to a complaint filed a day earlier by judges Kimberly Prost of Canada, Solomy Balungi Bossa of Uganda and Reine Alapini-Gansou of Benin. The case names Trump as the lead defendant, along with Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, and Acting Attorney General Todd Blanche.
Traffic through the Strait of Hormuz is slowly rebounding, but fresh vessel attacks, disputed safe routes and unresolved governance talks keep risks high for global energy markets and shipping lanes.
Iran says passage through Strait of Hormuz must be coordinated with it Iran's deputy foreign minister Kazem Gharibabadi said on Friday that safe passage through the Strait of Hormuz could not be guaranteed without coordination with Iran, in accordance with the MOU signed with the US. In a post on X, Gharibabadi said that failure to coordinate passage with Iran could result in the "suspension of the designated parallel route". The comments came after Oman, in coordination with the International Maritime Organization, designated temporary routes for passage through the strait.
For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.
Montenegrin police and the FBI have arrested an Iranian national wanted by the United States over a major hacking campaign that allegedly targeted US universities and benefited Iran’s Revolutionary Guards, Reuters reported.
Economists and business analysts in Iran say the country's biggest challenges may come after any agreement with the United States, arguing that structural reforms will be as crucial as sanctions relief to achieving a durable economic recovery.
TEHRAN (Tasnim) – Iran’s Persian Gulf Strait Affairs Authority (PGSA) warned vessels against navigating outside designated transit routes, saying such movements would not be covered by safe-passage guarantees, insurance protections, or related liabilities.
Video: Trump says released Iranian assets to be spent on US crops US President Donald Trump told farmers on Thursday that unfrozen Iranian assets will be used to purchase American agricultural products, including wheat, soybeans and corn. "We're going to be taking some of their money, and we'll spend it. " US President Donald Trump told farmers on Thursday that unfrozen Iranian assets will be used to purchase American agricultural products, including wheat, soybeans and corn pic.
Tehran's top negotiator has accused Washington of exporting "trash talks" Iran's chief negotiator, Mohammad Bagher Ghalibaf, has denied that the country's unfrozen assets would be used to buy agricultural products from the US.
Eight more South Korean ships exit Hormuz, ministry says Eight additional South Korean vessels have departed the Strait of Hormuz as security concerns persist in the strategic waterway, Reuters, citing South Korea's oceans ministry, reported. The latest departures come after Iran's Persian Gulf Strait Authority warned ships against using unauthorised routes through the strait and the UN's International Maritime Organisation suspended its escort programme following a suspected attack on a cargo vessel near Oman. The incident pushed global oil prices about 2 percent higher, renewing concerns over the security of one of the world's busiest energy shipping lanes.
Washington DC [US], June 26 (ANI): US President Donald Trump on Thursday (local time) claimed that the US will take money from Iran as it is having a hard time with food. Trump, while addressing Rose Garden Club Dinner with American Farmers, said that Iran will be a new market for the US. 'We have another one a new market coming up and that's called the lovely country of Iran.
Trump says released Iran funds to be spent on US crops US President Donald Trump said unfrozen Iranian assets will be used to purchase American agricultural products, including wheat, soybeans and corn, under the framework of the recent agreement with Tehran. "We're going to be taking some of their money," Trump said during an event with US farmers. "And we'll spend it, and we're going to be buying wheat, soy beans and corn – a lot of it.
