live Iran's Araghchi says Hormuz deal 'very close' but hinges on U.S. compensation
A deal on a new route for vessels through the Strait of Hormuz is "very close," Iranian Foreign Minister Abbas Araghchi has said, while warning that t...
Türkiye has started restricting commercial ship traffic into the Black Sea due to the government's increasing concern about a surge in Russian and Ukrainian attacks on ships, Bloomberg News has reported, citing unnamed sources.
The country’s coastguard agency has told a number of ships bound for Russia’s Black Sea port of Novorossiysk, an important oil and grain export hub, that it isn’t issuing licences for such journeys via the Dardanelles Strait or needs extra time to review applications, sources told Bloomberg.
However, two Turkish officials told Reuters on Sunday that ships are passing smoothly through the straits to the Black Sea despite heightened concerns about safety.
The officials, who spoke on condition of anonymity, said Türkiye had implemented some temporary measures because it had been highly uncomfortable about security for some time, but that passage was clear under the conditions of the Montreux Convention.
Türkiye’s decision follows a spate of strikes on civilian ships in the Black Sea. A German cargo ship was targeted by a Russian drone attack near the Ukrainian port of Odessa on 5 August, triggering a fire.
On 3 August, two Turkish-owned cargo vessels were struck after departing the Russian port of Novorossiysk.
Ukrainian officials have not commented on the pair of incidents. The attacks prompted Ankara to issue a statement calling on Moscow and Kyiv to ensure the safety of commercial vessels transiting the Black Sea.

In late July, Ukraine claimed to have struck three cargo ships and a tanker, while the Russian military said it had hit three commercial ships.
Turkish Foreign Minister Hakan Fidan on Saturday said Ankara had conveyed to Moscow and Kyiv they should declare a moratorium on their attacks in the Black Sea.
On Sunday, shiptracking data showed some vessels bound for a number of ports still heading northward towards the Dardanelles and Bosphorus straits.
The Black Sea straits are among the world’s busiest narrow shipping waterways. Under the 1936 Montreux Convention, Türkiye has control of the straits and can limit access to warships in times of war, but not merchant ships, provided it itself is not a belligerent.
Turkish Ministry of Finance figures released on 3 August show that 40,218 ships passed through the Dardandelles and Bosphorus in the first half of 2026, despite heightened security risks.
The Black Sea straits are important for trade reasons for all the countries located on the inland body of water, most notably Kazakhstan which had no other seaborne export route for its oil. More than 80 per cent of Kazakhstan’s oil exports pass through the Caspian Pipeline Consortium terminal near Novorssiysk.
The Black Sea is bounded by Türkiye to the south, Bulgaria and Romania to the west, Ukraine to the north, Russia to the northeast and Georgia to the east.
Türkiye , which has NATO's second-largest army, has maintained cordial ties with both Kyiv and Moscow since Russia's full-scale invasion of Ukraine in 2022. It has refused to join Western sanctions on Russia, while providing military support, including from its own inventory, to Ukraine.
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.
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 said negotiations to reopen the Strait of Hormuz are progressing and suggested an agreement with Iran could be reached “soon”.
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 deal on a new route for vessels through the Strait of Hormuz is "very close," Iranian Foreign Minister Abbas Araghchi has said, while warning that the reopening of the waterway depends on the U.S. meeting other conditions, including paying compensation to Iran.
Global food commodity prices rose in July to their highest level since January 2023, driven by higher cereal, sugar and vegetable oil prices, according to the UN Food and Agriculture Organization (FAO).
Ukrainian President Volodymyr Zelenskyy said Ukraine is increasingly penetrating Russia's air-defence network, as both sides stepped up overnight strikes on energy, logistics and port infrastructure.
Taiwan’s cabinet is set to propose a 16 per cent annual increase in defence spending for 2027, taking the total above T$1 trillion ($31 billion) for the first time, according to the official Central News Agency.
Spain checked around 200 travellers arriving from Italy on the first day of reintroduced border controls, following a dispute between the two countries over irregular migration.
Typhoon Dolphin is expected to make landfall on China’s east coast overnight on Sunday, bringing torrential rain and powerful winds as authorities prepare for flooding and landslides across large parts of eastern China.
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