US Navy SEALs spent four months secretly clearing Iranian mines from the Strait of Hormuz
Despite an August claim that the passage was free of explosives, Iran now appears to be re-laying devices after last week's US strikes, while shipping traffic has sharply dropped to its lowest level since May
“It’s not a war”: Vance tones down rhetoric on Iran, Trump seeks a way out of the conflict
The U.S. vice president, J.D. Vance, sought to play down tensions surrounding the U.S.-Iran conflict, saying that the situation “is not a war” and claiming that shipping traffic through the strategically important Strait of Hormuz has “almost” returned to pre-escalation levels
Brent above $94 following new US strikes on Iran — European natural gas hits highest level since 2023
Oil and natural gas prices surged following the US-Iran escalation — Markets are once again concerned about developments in the Strait of Hormuz