Tehran had made plans to strike sites in Ukraine after Kyiv attacked an Iranian cargo ship in the Caspian Sea, a senior Iranian military adviser has said. Iran refrained from taking action after Kyiv said the strike was a mistake, Mohsen Rezaei told the state IRIB TV channel.
Brent crude and U.S. crude both dropped to their lowest levels in around three weeks after signs of progress in negotiations involving Iran.
U.S. Secretary of State Marco Rubio said talks with Iran and Oman on reopening the Strait of Hormuz had made progress, although no final agreement had been reached.
Earlier, Treasury Secretary Scott Bessent said a deal could come as soon as Tuesday or Wednesday.
Lower oil prices also reduced expectations that the U.S. Federal Reserve would raise interest rates next month.
U.S. Secretary of State Marco Rubio says negotiations with Iran to reopen the Strait of Hormuz have made progress, speaking during a meeting with Paraguay's foreign minister in Washington.
U.S. Central Command says it has redirected 45 commercial vessels since mid-July as part of its blockade against Iran, while maintaining the Strait of Hormuz remains open to commercial shipping.
An Indian vessel capsized and sank after being struck by a projectile near Yemeni waters, India's shipping minister said on Tuesday.
All 14 crew members were safely rescued by Yemen's coast guard, according to the minister. The incident comes amid heightened security risks for commercial shipping in the region as conflict continues to threaten key maritime routes in the Red Sea and nearby waters.
A new round of U.S.-facilitated talks between Israel and Lebanon began in Rome on Tuesday and is scheduled to continue through Thursday, the U.S. State Department said.
State Department spokesperson Tommy Pigott said Washington remains committed to supporting both governments in reaching a lasting security arrangement, eliminating threats to Israel and restoring Lebanese state authority across southern Lebanon.
Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani held talks with Russian Foreign Minister Sergey Lavrov on regional tensions and diplomatic efforts to prevent further escalation, Qatar's Foreign Ministry said.
During the call, the two discussed bilateral cooperation and ongoing coordination to promote regional security and stability.
Sheikh Mohammed stressed the need for all parties to pursue dialogue and diplomacy and implement the U.S.-Iran memorandum of understanding, including ensuring freedom of navigation through the Strait of Hormuz.
He also reaffirmed Qatar's support for efforts to reduce tensions and secure a comprehensive, lasting regional peace.
U.S. Treasury Secretary Scott Bessent said an agreement with Iran over the Strait of Hormuz could be reached as early as Tuesday, adding that a deal was also possible on Wednesday.
Speaking to CNBC, Bessent said he had seen "quite a few ships" continuing to exit the Strait of Hormuz, suggesting commercial traffic was still moving through the strategic waterway as negotiations continued.
Qatar said diplomatic efforts to resolve the conflict between the United States and Iran remain under way, with mediators continuing to work toward restarting negotiations.
Foreign Ministry spokesperson Majed Al Ansari said Qatar, Oman and Pakistan are coordinating closely to facilitate talks and exchange draft proposals between Washington and Tehran as efforts continue to reach a diplomatic resolution.
A crew member on a ship hit by an unknown projectile while sailing through the Strait of Hormuz early on Tuesday is missing, maritime security sources said.
"The projectile reportedly struck the engine room, while a fire broke out in the accommodation area. The crew are fighting the fire and require assistance, while the third engineer is reported missing," British maritime risk management group Vanguard said.
The Liberia-flagged vessel, Minoan Pioneer, was struck while close to Oman's coast. Its Greece-based operator Modion Maritime Management did not immediately respond to a request for comment.
AnewZ's correspondent in Tehran, Touraj Shiralilou, sent this photo of a new mural in the Iranian capital Tehran on Monday evening. Shiralilou said other posters in the city called for explicit revenge on the U.S. and President Donald Trump.
The world has lost more than 2.6 billion barrels of oil destined for critical industries as a result of the U.S.-Iran conflict, Aramco's CEO Amin Nasser has said.
The head of Saudi Arabia's state-owned oil company, which is the world's largest oil producer, said that global refining systems were extremely stretched, adding that any major or prolonged shutdown of refineries could trigger major problems with the global energy supply.
The flow of oil through the Strait of Hormuz is at a tenth of pre-conflict levels, he said, noting that the world loses more than 100 million barrels of oil each week the strait is closed.
Tehran does not seek an expansion of the war with the U.S., Iranian President Masoud Pezeshkian said on Tuesday, state media reported. While U.S. President Donald Trump said on Monday that talks with Iran were underway, Tehran denied that any negotiations were planned.
Iran was ready to attack three regions of Ukraine, after Kyiv struck an Iranian cargo ship in the Caspian Sea, Moshen Rezaei, a senior Iranian military adviser, has said.
Rezaei told an interview on state IRIB TV that Tehran was prepared to launch a strike against three locations in Ukraine, but refrained after Kyiv said the incident in late July was an error.
“We were ready to attack three regions of Ukraine, but after they said we had attacked by mistake, we stopped responding to investigate their claims. They must pay for their attack anyway," he said.
Mohsen Rezaei, a military adviser to Iran’s Supreme Leader Mojtaba Khamenei, warned the U.S. over its continued naval blockade of Iranian ports, saying Tehran would not accept the measure.
Qatar called for greater Gulf coordination to implement the U.S.-Iran memorandum of understanding in separate calls between Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani and his counterparts in the United Arab Emirates, Saudi Arabia, Kuwait, Oman and Bahrain.
The talks focused on regional developments, particularly diplomatic efforts and joint coordination to reduce tensions and strengthen security and stability across the region.
A cargo vessel reported being hit by an unknown projectile off the coast of Oman early Tuesday, according to the UK Maritime Trade Operations (UKMTO) centre.
The agency said the vessel broadcast on VHF Channel 16 that it had been struck while sailing about 20 nautical miles north-east of Khasab, Oman.
UKMTO said authorities have launched an investigation into the incident and advised vessels transiting the area to exercise caution and report any suspicious activity.
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An agreement between Iran and the U.S. to reopen the Strait of Hormuz is expected "soon," a U.S. official has said. The deal would result in the resumption of commercial shipping through the sea passage and the lifting of an American naval blockade on Iranian ports.
U.S. President Donald Trump said negotiations to reopen the Strait of Hormuz are progressing and suggested an agreement with Iran could be reached “soon”.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 8th of August, covering the latest developments.
U.S. President Donald Trump may have to accept concessions he previously opposed if he wants to secure a deal with Iran to reopen the Strait of Hormuz, according to analysts, as negotiators move closer to a temporary agreement.
A U.S. judge has ordered Meta to pay an additional $567 million over claims that its platforms failed to protect children from online harm.
An agreement between Iran and the U.S. to reopen the Strait of Hormuz is expected "soon," a U.S. official has said. The deal would result in the resumption of commercial shipping through the sea passage and the lifting of an American naval blockade on Iranian ports.
U.S. President Donald Trump said negotiations to reopen the Strait of Hormuz are progressing and suggested an agreement with Iran could be reached “soon”.
Shipping traffic through the Strait of Hormuz and the Bab el-Mandeb Strait, two key maritime chokepoints in the region, decreased significantly from the previous day, according to shipping data.
U.S. President Donald Trump said there was an "all-day negotiation" on Tuesday with Iran, characterising the talks positively while also threatening to hit Iran "really hard" if a deal was not reached.
U.S. President Donald Trump says Iran has a "last chance" to sign what he described as "a good document", claiming talks are continuing at Tehran's request with backing from Saudi Arabia, the UAE and Qatar.
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