Six months into Middle East war, Strait of Hormuz remains largely paralysed with thousands of sailors stranded and traffic drastically reduced.
Iran threatens Gulf nations against helping US military operations as UAE cuts all economic ties following missile attacks on shipping.
United Arab Emirates suspends all trade and financial dealings with Iran following reported missile attack on vessels, marking deepest rift since war began.
Trump denies talks with Iran are under way, posts map claiming Strait of Hormuz as new US territory amid escalating tensions.
France, Britain, Canada and 29 other countries have issued a joint statement condemning Iran’s use of capital punishment against protesters.
US Treasury Secretary says agreement with Iran to reopen Strait of Hormuz could be reached by Wednesday.
Cargo ship hit in Strait of Hormuz as Trump insists talks with Iran advancing, despite Tehran denying any negotiations are underway.
Petrol prices will drop by 52 cents a litre from 5 August, while diesel and paraffin prices increase significantly.
Oil prices fell more than 6% after Trump announced Iran talks while tech stocks weighed on Asian markets amid AI concerns.
Iran rejected claims by US President Donald Trump that negotiations would begin Monday to end their six-month war.