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According to Bloomberg, the ceasefire and US military support have boosted shipping companies' confidence and led to a recovery in tanker traffic. Washington believes Iran's ability to disrupt traffic in the strait is more limited than it thought at the start of the war.
The funeral procession for the former supreme leader will begin Friday in Tehran, pass through Iraq and end in Mashhad. Iran is preparing for up to 20 million participants, alongside a large-scale security operation and arrangements to receive huge crowds
Sources familiar with the talks say the Revolutionary Guards barred Foreign Minister Abbas Araghchi from attending a meeting with the US envoys. At the same time, Tehran is insisting on control over the Strait of Hormuz, a demand Washington rejects.
The Wall Street Journal reported that the US is considering reducing its military presence in the oil-rich kingdom after Saudi Arabia refused to provide bases for Operation Project Freedom. Riyadh reversed its decision, but according to officials familiar with the matter, the damage had already been done.
Iranian Foreign Minister Abbas Araqchi issued an especially insulting response to Defense Minister Israel Katz's remarks that Israel was considering independent action against Iran. "POTUS has committed the US to muzzling its pets in Tel Aviv. If they ignore their master, Iran will school them," Araqchi said.
After an Iranian drone hit an oil tanker carrying more than 2 million oil barrels, US Central Command forces struck military infrastructure, defense systems and drone facilities. Iran attacked Kuwait and Bahrain. President Donald Trump issued a threatening message: "The Islamic Republic of Iran will no longer exist."
Several senior figures from a Sunni political party were arrested as part of a massive corruption case that has shaken Iraq. The politicians were arrested after local court rulings stripped them of their parliamentary immunity.
A Wall Street Journal investigation reveals that Iranian missile and drone attacks caused unprecedented damage to at least 20 US sites. The Pentagon is now considering moving command centers underground, reducing forces in Kuwait and Saudi Arabia, and shifting operations westward to move them out of the line of fire