Unbiased AI-powered news
Iran’s joint military command warned on July 2 that tankers must follow Tehran-approved routes or face an immediate response. The statement followed U.S.-Iran talks in Qatar and came as traffic stayed below pre-war levels.
The HillIran’s joint military command warned on July 2 that all oil tankers transiting the Strait of Hormuz must follow routes approved by Tehran or face an immediate and forceful response. Iranian state television carried the warning the same day. The statement added that any U.S.
Interference in the strait would prompt a rapid and decisive reaction. The warning came one day after U.S. and Iranian negotiators met in Qatar to advance last month’s interim agreement toward a broader peace deal.
Those talks reportedly made progress, though the next round is expected only after funeral ceremonies for Supreme Leader Ayatollah Ali Khamenei conclude next week. Tanker traffic through the strait has risen from earlier lows but remains well below pre-war volumes. AP reported 258 vessels transited in the week ending around July 2, up from 138 the prior week.
Daily crossings have settled at 30 to 60, compared with roughly 130 before the conflict. An interim agreement allows ships to pass toll-free for 60 days. Tehran maintains it holds authority to dictate routes and to impose transit fees once that period ends.
Washington and Gulf Arab states reject that position. Oil traders have priced in a faster return of Gulf exports, with Brent crude slipping toward pre-war levels as stranded cargoes depart the Persian Gulf.
CoinDeskPresident Donald Trump disclosed at least $1.4 billion in crypto-related earnings for 2025. He stated the income was legal and said the United States should lead in digital assets.
The Labor Department reported Friday that hiring slowed sharply last month. The unemployment rate declined slightly while May's total was revised lower.
Al JazeeraPakistan's finance ministry signed an agreement with an affiliate of President Donald Trump's family crypto venture to explore using its USD1 stablecoin. No pilot projects or transactions have occurred as of early July, though the deal provided diplomatic access to the Trump admi…