Latest updates at the top:
After a chaotic morning in the strait of hormuz both sides have gone completely quiet. Markets priced in a Sunday meeting that no longer exists while the ceasefire clock ticks down.
Iran’s top negotiator Qalibaf tells state TV there has been some progress in negotiations with the US but there is still a big distance. He called the US blockade an ignorant decision that makes it impossible for others to pass while Iran stays blocked.
Iran’s IRGC says any vessel approaching the strait of hormuz will be considered cooperating with the enemy and will be targeted. The strait of hormuz is now closed again from this evening because the US did not lift its naval blockade of iranian vessels and ports.
Iranian shadow fleet tankers continue to use transponder spoofing, AIS manipulation, and ship-to-ship transfers to move crude oil, mainly to China, despite Western sanctions and the recent regional tensions.
Maritime tracking firms and analysts have reported for years that these older vessels frequently switch off or falsify their Automatic Identification System signals, broadcast fake positions, and operate under opaque ownership and flags to evade detection. Such techniques are common in the Strait of Hormuz and along routes toward East Asia, where Iranian crude is often relabeled or transferred at sea before reaching Chinese refineries.
Pentagon chatter indicates a third aircraft carrier has entered the theater despite the official ceasefire talk
The military footprint is expanding while the White House prepares a public address on the “success” of the de-escalation. Since when does a peace deal require three floating cities of war?
Trump announced historic reforms to accelerate access to medical research and treatment based on psychedelic drugs.
Iran just confirmed merchant vessels took gunfire in the Hormuz Strait while trying to cross as Tehran reimposes military controls over the us blockade. Oil supply lines just got real shaky again with zero weekend digestion.
Push this one step further and the next tanker hit forces a full strait shutdown, spiking brent past 100 before futures even open Monday.