An Iranian official said in an interview with RT on Thursday that the “conditions in the Strait of Hormuz will not return to the pre-war status quo.” At the moment, transit remains “operational,” however, all vessels are subject to inspection by the Iranian ruling...

Summary World’s most important oil price hits record high as Trump threatens Iran: “make a deal before it’s too late.” Oil drops on reports of Iran-Oman coordination to reopen strait. Iran issues Israel/Gulf logistics hubs target list; IRGC targets Amazon Cloud computing center in Bahrain US intelligence assessments say Iran is not ready...