The Digest:
Iran's military has warned that US forces would be attacked if they enter the Strait of Hormuz, after President Donald Trump announced the United States would begin escorting ships through the waterway under "Project Freedom." Major General Ali Abdollahi said in a statement carried...
The Digest:
Iran has announced that the Strait of Hormuz is now fully open to commercial vessels, following a truce in Lebanon. Foreign Minister Seyed Abbas Araghchi said ships must follow a coordinated route set by Iranian maritime authorities. US President Donald Trump welcomed the move on...
The Digest:
Oil prices have dropped about 9% following a two-week ceasefire agreement between the US and Iran aimed at restoring peace in the Middle East. US crude futures fell to approximately $103 per barrel, while stock markets surged. Iran has agreed to ensure safe passage through the...