A projectile strike on a liquefied natural gas tanker near Oman has heightened regional tensions during the funeral of Iran's late Supreme Leader.

A commercial tanker sustained damage after being hit by a projectile near the Strait of Hormuz, heightening maritime security concerns amid regional tensions.

A commercial tanker was set ablaze after an unknown projectile struck its port side off the coast of Oman. No injuries were reported following the incident.

Conflicting claims from Washington and Tehran regarding a potential summit have created uncertainty surrounding the status of a recent nuclear agreement.

Iran’s joint military command has issued a formal warning to all oil tankers in the Strait of Hormuz, threatening immediate action against any vessel that fails to follow designated navigation protocols.

Oil prices have increased following reports of suspended U.S.-Iran communications and ongoing threats to the Strait of Hormuz. Analysts warn that declining global stockpiles could lead to further price volatility.

Global oil prices have retreated to four-month lows following reports of progress in indirect negotiations between the United States and Iran. The decline reflects a reduced risk premium as tensions regarding the Strait of Hormuz show tentative signs of cooling.