The U.S. military struck Iranian missile, drone and radar sites after a drone hit the Singapore-flagged Ever Lovely in the Strait of Hormuz. President Donald Trump called the attack a “foolish violation” of a newly signed ceasefire agreement.
Posts tagged as “the Strait of Hormuz”
Ships continued to pass through the Strait of Hormuz after the Ever Lovely was struck near Oman, while Iran warned vessels not to use routes it has not approved. The dispute has become a key test of the U.S.-Iran memorandum of understanding on safe passage through the waterway.
The International Maritime Organization paused an evacuation plan for stranded sailors after a Singapore-flagged cargo ship was struck near Oman. The attack comes amid disputes over routes, fees and safety guarantees under a new U.S.-Iran arrangement for the Strait of Hormuz.
The Fed’s preferred inflation measure rose at a 4.1% annual pace in May, the fastest since April 2023, as energy prices climbed. Consumer spending and incomes still increased after adjusting for inflation.
Oil tankers used a U.N.-recommended route near Oman to leave the Persian Gulf despite Iran’s warning that unauthorized crossings of the Strait of Hormuz are prohibited. The crossings come amid U.S.-Iran disputes over control, fees and traffic rules under a temporary reopening agreement.
Donald Trump described Andy Burnham as “extremely liberal” and suggested he would resist new North Sea drilling if he becomes prime minister. Burnham, the new MP for Makerfield, is the only declared candidate to replace Keir Starmer as Labour leader.
Brent crude has fallen to levels last seen before the Iran war as shipping through the Strait of Hormuz gradually resumes. The rebound in traffic follows a U.S.-Iran memorandum setting up 60 days of negotiations, though disputes over fees and vessel authorization remain.