Strait of Hormuz

OPEC plus increases oil production amid Hormuz blockade

Seven OPEC+ countries have decided to increase their oil production quotas by 188,000 barrels per day (bpd) in July, thus bringing the alliance's total quota for July to 35.83 million bpd, excluding overproduction compensation for countries violating the OPEC+ deal, OPEC said.

Rubio hopeful for Iran deal

U.S. Secretary of State Marco Rubio said that a peace deal between Washington and Tehran is within reach and that Iran has agreed to negotiate aspects of its nuclear program.

US presses Oman to pick a side

The United States has pressed Oman to pick a side and cut diplomatic ties with Iran, according to The Wall Street Journal.

US strikes Iranian sites, IRGC strikes back at US military base

The U.S. military carried out strikes on Iran’s radar system and drone control centers, the U.S. Central Command (CENTCOM) said. The IRGC has launched a retaliatory attack on the U.S. military base used to carry out a nighttime strike on the Iranian island of Sirik.

Iran downs drone near Qeshm island

Iran’s air defenses shot down a “hostile” drone near Qeshm Island, a strategic area overlooking the Strait of Hormuz.

Explosions heard in Bushehr

Air defense systems were deployed today in Bushehr Province, Iran. According to Iranian media, an American drone was successfully intercepted.

US and Iran agreed to memorandum of understanding - media

Representatives from the US and Iran have reached a compromise on the text of a memorandum of understanding, according to media reports. However, it still needs to be approved by the leadership of both countries.

US imposes new sanctions on Iran

The U.S. Department of the Treasury said it has imposed sanctions on Iran’s Persian Gulf Strait Authority, a body created to review passage requests through the Strait of Hormuz.

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