The US ends its blockade of the Strait of Hormuz under Trump’s directive, opening a 60-day negotiation period with Iran and easing tensions in global oil markets.
Pakistan announces the immediate reopening of the Strait of Hormuz following a US-Iran memorandum, signaling a major shift with global economic implications.
The UAE has secretly conducted military strikes against Iran, marking a strategic shift amid rising Gulf tensions that impact regional stability and global economic interests.
Global oil inventories fell by a record 200 million barrels in April amid Middle East conflicts, pushing reserves to an eight-year low and signaling potential price hikes.
Iran’s missile and drone attacks on the UAE challenge the US-Iran ceasefire, raising risks for regional stability and global energy security.