Large commercial vessels and a small boat navigate the waters off the southern port city of Bandar Abbas, Iran on June 21, 2026. Anadolu | Anadolu | Getty Images A tanker in the Strait of Hormuz was reported to have been struck by a projectile on Saturday, the latest escalation of tensions between the U.S….
Iran’s Revolutionary Guards attacked a Singapore-flagged commercial vessel in the Strait of Hormuz on Thursday, a U.S. official confirmed to CBS News, posing a challenge to President Trump’s efforts to reopen the critical shipping corridor. The ship’s bridge was damaged after it was struck on its starboard side by an “unknown projectile” off the coast…
12m ago Iran says ships transiting Strait of Hormuz will need insurance approved by Tehran Iran says ships transiting the Strait of Hormuz will need insurance approved by Tehran, according to a document from the regime’s new Persian Gulf Strait Authority (PGSA) seen by CBS News on Friday. The undated document says “all vessels…
Iran’s supreme leader, Mojtaba Khamenei, has released a statement saying he didn’t like Iran-U.S. peace deal, but allowed the president of Iran to sign it, “safeguarding the rights of the Iranian nation.” Khamenei took a shot at President Trump, writing, it was “the American president who, out of desperation, used all kinds of leverage to…
Vice President JD Vance said Wednesday on “CBS Mornings” that the text of the U.S.-Iran deal would be released Friday “at the latest,” adding that the White House is pushing to release it sooner. Vance said Qatari and Pakistani negotiators, who helped mediate the agreement, “asked us not to release the full text for a…
The U.S. and Iran are “closer to a peace deal than ever before,” Pakistani Prime Minister Shehbaz Sharif said on Saturday. “With finalisation likely expected in the next 24 hours, Pakistan is preparing for the electronic signing of the peace deal immediately after, followed by technical level talks next week,” Sharif said in a post…
A U.S.-Iran deal could be sealed within days, according to President Donald Trump, Iranian officials, and key mediator Pakistan, with a memorandum of understanding expected to reopen the Strait of Hormuz. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. A memorandum of understanding “could happen within the next…
In an aerial view, a Valero refinery is seen on May 5, 2026 in Corpus Christi, Texas. Brandon Bell | Getty Images Oil prices were lower on Friday, erasing gains after the U.S. and Iran exchanged fire in the strategically vital Strait of Hormuz, fanning fears that the fragile ceasefire between the two countries was…
Defense Secretary Pete Hegseth on Tuesday defined Project Freedom, a day-old U.S. military operation to assist commercial vessels stuck in the Persian Gulf to get out via the Strait of Hormuz, as completely separate from hostilities with Iran that began with joint U.S.-Israeli strikes on the country on Feb. 28. “This operation is separate…
Treasury yields ticked higher on Thursday as investors await updates on the resumption of U.S.-Iran peace talks and the latest Purchasing Managers’ Index print for April, due later in the day. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was up more than 2 basis points…
