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Iran's top security official has warned that continued US maritime restrictions could force closure of the Strait of Hormuz and other key shipping routes, with potential consequences for global energy supplies and the American economy.
Shell's first-half earnings jumped 70 per cent to US$16.75 billion, capitalising on oil price volatility tied to Middle East tensions. Trading gains and strong operational performance offset disruptions to some facilities.
Iran's Foreign Minister Abbas Araghchi announced Friday that Tehran is collaborating with Oman to establish mechanisms managing navigation through the critical Strait of Hormuz, warning against third-party interference while calling for renewed diplomacy.
Malaysia is raising unsubsidised fuel prices by 20 sen per litre from July 30 amid geopolitical tensions in the Middle East. Subsidised petrol and diesel remain unchanged as the government shields lower-income households.
Malaysia's stock market retreated as crude oil surged past $100 a barrel on Middle East tensions, triggering a flight from technology equities and pushing the FBM KLCI toward a 10-day low despite gains in energy-linked counters.
The United States has completed its eighth consecutive night of attacks on Iranian military targets after two American service members were killed in Jordan. The escalation marks a sharp deterioration following the collapse of a temporary ceasefire agreement signed just weeks earlier.
Iran's Islamic Revolutionary Guard Corps has declared full control of the Strait of Hormuz, stating that no tankers carrying oil, gas, or fertiliser will be permitted passage without explicit Iranian coordination and approval.
Jordan activated air-raid sirens across multiple regions on Sunday after reports that Iranian missiles targeting the coastal city of Aqaba were intercepted by Israeli and Jordanian forces, escalating Middle East tensions.
Iran's Supreme Leader Khamenei has declared US President Trump's signature meaningless after accusing Washington of violating a June peace accord, as military exchanges intensify across the Middle East.
Bahrain activated air raid sirens early Wednesday after the US military conducted strikes against more than 80 targets in Iran, responding to Iranian attacks on commercial vessels in the Strait of Hormuz.
The United States military has conducted a second round of strikes against Iran, targeting military assets threatening shipping in the Strait of Hormuz, intensifying regional tensions.
Three crude oil tankers were struck in separate incidents off Oman on Tuesday, leaving three crew members missing and six others injured amid rising tensions in the Strait of Hormuz.
Kuwait's military activated air defence systems early Wednesday to counter what officials described as hostile Iranian drone attacks, as tensions surge across the Gulf region following broader US-Iran escalations.
Renewed Middle East tensions pushed oil prices 4% higher on Monday, weakening Asian currencies and triggering an 8% plunge in South Korea's KOSPI index. The ringgit slipped to 4.0780 against the dollar.
Iran and Oman have committed to ongoing diplomatic consultations regarding navigation safety in the strategically vital Strait of Hormuz, with talks involving political, legal, and technical discussions as regional tensions mount.
The United States has sanctioned an alleged Iran-linked financial network, including individuals connected to Tehran's leadership and multiple currency exchange operations, following recent attacks on commercial vessels in the Strait of Hormuz.
Iran has escalated pressure on the United States to enforce an immediate Israeli withdrawal from Lebanese territories, positioning the issue as central to any sustainable regional agreement and stability framework.