Donald Trump said the United States and Iran could sign an interim agreement on June 14 , with the Strait of Hormuz reopening to international shipping immediately afterward. He framed the

The United States has added Iran’s Persian Gulf Strait Authority / PGSA to the OFAC sanctions list, targeting a newly created body designed to manage vessel passage through the Strait

Oil prices turned higher again after a sharp selloff in the previous session. Brent futures rose more than 2% on the morning of May 26, climbing above $98 a barrel

Oil prices fell sharply on Monday as markets reacted to signs of progress in U.S.–Iran negotiations. Traders started pricing in the possibility that a deal could reduce the geopolitical risk

Iran has introduced Hormuz Safe , a digital platform aimed at providing insurance for vessels moving through the Persian Gulf and the Strait of Hormuz. According to local media reports, the