live Fresh attack on Strait of Hormuz shipping raising fears of oil supplies
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the ...
The U.S. and Iran have reportedly agreed an outline deal to extend their fragile ceasefire for 60 days, although the agreement still requires President Donald Trump’s approval and previous breakthroughs have failed to hold.
According to a source familiar with the talks, Washington and Tehran reached a memorandum of understanding on Thursday to prolong the truce while negotiations continue over Iran’s nuclear programme.
The development was first reported by Axios, which said talks on Tehran’s nuclear activities would take place during the proposed 60-day period.
However, the agreement is not yet finalised and uncertainty remains over whether it will survive political and military tensions that have repeatedly threatened earlier ceasefire efforts.
Oil prices fell following the reports amid hopes that the Strait of Hormuz, a vital global shipping route, could eventually reopen more fully.
Trump has repeatedly said an end to the conflict is close, but on Wednesday told reporters he was not yet satisfied with negotiations and insisted the U.S. was not considering sanctions relief, one of Iran’s main demands.
The latest diplomatic push came after Iran targeted a U.S. air base in Kuwait following U.S. strikes on what Washington described as an Iranian drone operation near Bandar Abbas.
U.S. Central Command said American forces shot down five Iranian attack drones and struck a ground control station preparing to launch another. Kuwaiti forces also intercepted a ballistic missile fired towards the country.
“These actions were measured, purely defensive and intended to maintain the ceasefire,” a U.S. official told Reuters.
Iran’s Islamic Revolutionary Guard Corps said it had targeted the U.S. base responsible for the earlier strike and warned that any further attacks would trigger a “more decisive response.”
Kuwait condemned the attack as a serious escalation.
The violence marked the second major flare-up this week, underlining the fragility of the early-April ceasefire that followed months of conflict involving Iran, Israel and the U.S.
In Lebanon, Israel said it had launched strikes against Hezbollah infrastructure in Tyre and Beirut, while mediator Pakistan confirmed Foreign Minister Ishaq Dar would meet U.S. Secretary of State Marco Rubio in Washington on Friday.
Meanwhile, the U.S. warned Oman against supporting any system that could impose tolls in the Strait of Hormuz, threatening penalties against any partners involved.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
A Russian strike on a gas station in Kyiv has killed two people, the city's Mayor Vitali Klitschko said in a statement on Telegram. In Russia, online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region.
Senator Flavio Bolsonaro, the leading opposition candidate in Brazil’s upcoming presidential election, is under investigation for alleged corruption, money laundering and currency evasion tied to the financing of a film about his father, former President Jair Bolsonaro.
Philippine rescuers recovered 41 more charred remains from a ferry fire on Saturday (12 September), taking the death toll to 76, while 13 people remained unaccounted for as forensic teams worked to identify the victims.
Russia and Ukraine are continuing to exchange long-range strikes, with Russian attacks killing at least 10 people and injuring dozens across several Ukrainian regions on Saturday, while both sides reported damage to infrastructure and shipping.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port of Chornomorsk, the Interfax news agency reported on Saturday.
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