Strait of Hormuz
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Iran offers $30,000 for killing or capturing US soldiers and doubles the reward for women as the US-Iran war and Hormuz crisis continue.
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Iran and Oman agree on Hormuz shipping routes as technical talks continue, while Trump threatens US control of the strategic waterway.
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Tehran says the waterway will not reopen until Washington accepts its demands. The standoff comes as US naval forces step up their presence in the Gulf.
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Iran’s ability to sustain the conflict will depend on its missile production, economic resilience and access to oil revenues. The longer the war lasts, the difficult it may become for Tehran to secure a favourable deal.
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Donald Trump claimed that the US has total control over the Strait of Hormuz, while Iran says the strategic waterway will not fully reopen until Washington meets several conditions.
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Details about the vessel, including its name, flag, the extent of the damage and the condition of its crew, were not immediately available.
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Iran has made sanctions, compensation and US military moves part of its conditions for reopening the waterway. Tehran’s demands could influence the next phase of talks with Washington.
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Even as speculation mounts that the United States could step back from nuclear negotiations with Iran in exchange for the reopening of the Strait of Hormuz to commercial shipping, the Iranian parliament is pressing forward with its own regional security measures.
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Scientists warn that long-idle vessels may carry marine species to ports across the world. The risk could increase as shipping through the region resumes.
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Trump has spent weeks preparing for such an outcome and has privately told senior aides that he could withdraw from the confrontation without reaching a formal nuclear deal with Iran, the report said.
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Meanwhile, a US official on Friday indicated that Oman-brokered talks with Iran are advancing, raising hopes for an end to the five-month shipping disruption.
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Lower US Treasury yields have also contributed to the rise, as they boosted demand for gold as a safe-haven asset.
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The report did not identify the vessel or provide details about its cargo, possible damage or the circumstances of the attack. The UAE Foreign Ministry, however, said the tanker had been targeted by Iran.
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Speaking to reporters in the Oval Office on Thursday (August 6), he reiterated that the United States would not allow Iran to acquire a nuclear weapon and said he expected the fighting to come to an end before long.
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Iran’s defence leadership also warned against external threats and highlighted its domestic military capabilities.
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Qatar says draft proposals are being exchanged through mediators despite conflicting public statements. Iran maintains that restoring normal shipping depends on meeting its conditions beyond talks with Oman.
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Trump also called for the reopening of the Strait of Hormuz and suggested a decision could come within days.
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Trump's statement comes after Iranian officials engaged in talks with Oman with focus on practical maritime arrangements for the Striatof Hormuz rather than direct negotiations with the US.
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Iranian officials denied that Tehran had sought a pause in US military action or agreed to reopen the Strait of Hormuz. The exchange comes as diplomatic efforts continue and oil markets watch developments in the Gulf.
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Mediators are working on a maritime deal involving Iran, the United States and Oman. The outcome could decide the future of shipping through the global energy route.
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Trump’s Gulf partners are seeking more clarity from Washington as talks continue over Iran and the Strait of Hormuz. Saudi Arabia and the UAE have taken different positions on how the United States should deal with Tehran.
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Saudi Crown Prince Mohammed bin Salman (MBS) spoke directly with Trump and expressed deep concern over plans for major attacks on Iran. He urged the US President to de-escalate rather than proceed with the strikes.
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