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Oil prices climbed over 1% as diplomatic hopes between the US and Iran deteriorated following President Trump's demands for compensation. Supply concerns persist over the Strait of Hormuz and Red Sea shipping routes.
Iran's IRGC Navy said it intercepted three oil tankers in the Strait of Hormuz early Wednesday after they ignored warnings, marking the latest incident in rapidly escalating US-Iran hostilities in the region.
Pakistan and Kuwait have voiced serious alarm over intensifying hostilities between Iran and the United States, urging all parties to exercise restraint and uphold ceasefire agreements to prevent wider regional conflict in West Asia.
A Thai-flagged vessel was reportedly attacked near the Strait of Hormuz as military tensions between the United States and Iran intensify, raising fresh concerns about maritime safety in one of the world's critical energy corridors.
Three Gulf states activated emergency protocols Friday after hostile missile and drone strikes. Kuwait's air defences responded to attacks as regional tensions spike over shipping lanes and US military presence.
Qatar has firmly rejected Israeli media reports suggesting it agreed to join military action against Iran, stressing its commitment to regional mediation and peaceful resolution of conflicts.
India's Directorate General of Shipping has prohibited the deployment of Indian seafarers on vessels traversing the Strait of Hormuz following recent attacks that killed two Indian mariners and wounded others.
Iran's armed forces have declared all American military installations across the Middle East as legitimate targets for drone strikes if the US persists in breaching ceasefire agreements, marking a significant escalation in regional hostilities.
UN Secretary-General Antonio Guterres has warned of catastrophic consequences from escalating military tensions in the Gulf, urging Iran and the United States to resume negotiations and exercise restraint.
Iran's military has warned that all US military installations across the Middle East will become legitimate targets for drone attacks if the United States continues breaching a ceasefire agreement, marking a sharp escalation in regional tensions.