Oil prices fall amid hopes of US-Iran deal Oil prices plunged after Qatar said US-Iran negotiations had resumed, and the US treasury secretary suggested a deal could happen "today or tomorrow". These announcements eased concerns over crude supply disruptions that had sent prices soaring in recent months. The main US oil contract, West Texas Intermediate, dropped five percent to $76.
Tankers carrying Iraqi crude have passed through Strait of Hormuz Iraqi state media reported on Tuesday that tankers carrying Iraqi crude oil have passed through the Strait of Hormuz.
Iran’s economy minister says Iran has two-year economic resilience plan Iranian Economy Minister Ali Madanizadeh said on Monday that Iran has an economic resilience plan for at least the next two years, according to Fars news. Madanizadeh said the country has a plan to counter “any conspiracy the enemy carries out against us”, adding that those who wish to destroy the country through economic means will have to “take their wish to the grave”.
Trump says oil companies making 'too much money' from Iran shortage US President Donald Trump criticized major oil companies including Chevron and Exxon Mobil for making "too much money" due to the high prices as a result of the crude shortage caused by the Iran war, and called on the industry to help keep fuel prices down. "I don't like it. They're making too much money, okay?
Trump says he will not let Iran charge for Hormuz transit During a press conference outside the Oval Office on Monday, Trump told reporters that he is not going to let Iran impose fees on the Strait of Hormuz. “It has to be [free]. I am not going to let them charge.
Trump tells oil companies ‘get your prices down now! ’ US President Donald Trump called on oil companies to lower their prices for American consumers, saying in a post to social media that it was because of “the genius” of his administration that companies like Chevron have been making such large profits. “Without the genius, foresight, strength, and stability, of the TRUMP administration, the Oil Industry, and our Country itself would be DEAD!
Oil prices drop following Trump announcement on Iran talks Crude oil futures fell over six percent after President Donald Trump said negotiations with Iran would begin imminently to end the war, though Iran denies any talks are taking place. The drop in oil prices boosted US stocks at the opening, with Dow Jones jumping 1. 3 percent, Nasdaq up 1.
Kpler says Hormuz traffic drops sharply, remains steady through Bab el-Mandeb Shipping traffic through the Strait of Hormuz dropped sharply, with vessel crossings falling 77 percent day-on-day to just five ships, according to maritime analytics firm Kpler. Kpler said all recorded transits used the Iranian Unilateral Scheme, indicating reduced operational confidence and limited routing options through the strategic waterway. By contrast, traffic through the Bab el-Mandeb remained relatively steady, with 47 vessel crossings despite continued movements by sanctioned ships, shadow fleet activity, and one dark transit.
US Centcom says ’30 commerical vessels’ redirected during Iran blockade US Central Command (Centcom) said it has “redirected 30 commercial vessels, disabled 2, and boarded 2 to ensure full compliance” as of today. “The US military has also permitted nearly 30 ships to pass through the blockade for humanitarian aid," it said in a statement on X.
North Sea oil fields set to be reopened by Burnham would profit blacklisted Israeli company Submitted by Fleur Hargreaves on Thu, 07/30/2026 - 00:32 Rosebank oil field stakeholder Ithaca is majority owned by Israeli firm Delek, named by the UN for supporting West Bank settlements A man holds a placard against the Rosebank oil field project in the North Sea off the coast of Scotland during a protest outside the Department For Energy Security And Net Zero in London on 22 July 2026 (Justin Tallis/AFP) Off Campaigners say reopening North Sea oil and gas fields in the UK would be in breach of international law over a stakeholder company’s links to illegal West Bank settlements. Reports suggest that new British Prime Minister Andy Burnham is set to “move quickly” to green light more oil and gas drilling as one of his first moves since taking office last week, despite concerns some of the profits would flow to a company blacklisted by the UN. The two oil and gas fields in question are Rosebank, off Shetland in the North Atlantic, and Jackdaw in the North Sea coast of Scotland, which were approved by the previous Conservative government in 2022 and 2023, but then overturned in 2025 after a legal challenge.
US issues sanctions targeting support networks for Iran's Mahan Air The United States on Thursday issued new Iran-related sanctions that target global networks supporting Mahan Air, the Iranian carrier Washington says transports Iran's Islamic Revolutionary Guard Corpspersonnel, as well as weapons and drones. The US Treasury designated six entities and individuals in China, India, Russia and Iran for acting as sales agents and support networks for the US- and EU-sanctioned airline, the department said in a statement.
New US sanctions target Iran's Hormuz income The United States on Wednesday announced new sanctions targeting entities linked to Iran's Revolutionary Guards that it accused of extorting ships transiting the Strait of Hormuz. The announcement came as President Donald Trump warned the United States would strike Iran "hard" after a missile attack against US bases in Jordan, reigniting the war after a days-long pause. The US Treasury Department said in a statement that a scheme backed by Iran's Revolutionary Guard "forces commercial vessels to purchase mandatory maritime 'insurance' to transit the Strait.
US official says Iran making 'unreasonable demands' for Hormuz fees A US official said on Tuesday that there will be no tolls or fees for passage through the Strait of Hormuz during ongoing ceasefire talks taking place between the US and Iran. The US official said Iran was making unreasonable demands that were rejected by Oman and the US after it proposed a temporary arrangement to reopen the strait that would allow Iran to have greater control over transit through the waterway.
Iran proposes temporary Hormuz plan to give itself more control over transit Iran has proposed to Oman a temporary arrangement to reopen the Strait of Hormuz, under which one direction of traffic and part of the traffic in the opposite direction would pass through Iranian waters, allowing for greater Iranian control of transit. Deputy Foreign Minister Kazem Gharibabadi told state TV on Tuesday that Tehran rejected an Omani proposal for an equal division of transit routes between the two countries, saying that it did not address Iran’s security concerns amid ongoing US-Israeli attacks on the country. He said that if Muscat rejected Iran’s proposal, the Strait of Hormuz would remain closed, adding that Tehran had never recognised the alternative southern route along Oman’s coast.
Iran threatens Hormuz ban on countries accepting frozen assets under Trump plan Iran has warned that it will bar countries and companies from the Strait of Hormuz if they receive money drawn from frozen Iranian assets. US President Donald Trump earlier proposed using Tehran’s blocked funds to cover damage to ships and cargo in the waterway. Iran denounced the proposal as “incendiary”.
Less than a dozen ships transited through Hormuz Strait over the weekend Fewer than 10 commodity vessels passed through the Strait of Hormuz daily over the weekend, despite a pause in the exchange of strikes between Iran and the US. According to Reuters citing Kpler, Seven vessels transited on Sunday, including three Iranian-linked oil products tankers that exited the waterway. On Saturday, three vessels reportedly passed through.
US says it will maintain Iran naval blocakade, redirects 12 vessels US Central Command (Centcom) confirmed on Sunday that it will main its naval blockade against Iran, saying it had “redirected 12 commercial vessels trying to run the blockade, disabled 2 that didn’t comply, and boarded 2″. US forces also stopped a ship crossing the Strait of Hormuz on Friday “after the crew attempted to violate the blockade multiple times and ignored repeated warnings”.
Centcom says 12 vessels trying to reach Iranian ports redirected The US military has said it redirected 12 commercial vessels attempting to reach Iranian ports under its renewed maritime blockade, with two ships disabled and two others boarded to enforce compliance. US Central Command (Centcom) said that its forces had completed a "verification boarding" of the Comoros-flagged tanker M/T Charminar in the Arabian Sea, adding that the vessel was later allowed to continue its voyage. Centcom also said it had disabled the Mozambique-flagged tanker M/T Lavine in the Gulf of Oman on 24 July after the crew allegedly attempted to breach the blockade multiple times and ignored repeated warnings.
Kpler: Only six vessels cross Hormuz as traffic remains mixed Maritime traffic through Hormuz remains mixed, with only six vessels crossing the waterway on Thursday, down 60 percent from the previous day, maritime traffic monitor Kpler said in its latest update. All but one used the Iranian Unilateral Scheme, Kpler added. No new confirmed attacks were reported to the International Maritime Organization (IMO), but traffic patterns continued to shift as shipping companies assessed the risks, Kpler said on X.
US hits network of Iranian financier Zanjani with more sanctions The United States on Friday announced further sanctions against nine firms and four people associated with sanctioned Iranian financier Babak Zanjani for their efforts to evade US sanctions, as US forces escalated their strikes across the Islamic Republic. The US Treasury Department said the new designations target Zanjani's Iran-based operations under his "Dot One" conglomerate and several firms based in Turkey and the United Arab Emirates that have supported his already designated digital asset exchanges, as well as top executives at those firms. The Treasury Department said Zanjani had leveraged a diverse portfolio that includes financial services, digital asset trading and gold and precious gem production, along with major infrastructure projects, to launder revenue and move funds covertly for Iran.
