Oil prices fall after Trump says he is cancelling strikes – as it happened
Oil prices have fallen following President Trump's announcement to cancel planned military strikes against Iran, amidst escalating tensions in the Middle East. This comes after a US missile strike on the oil tanker MT Settebello resulted in the deaths of three Indian seafarers, confirmed by India's shipping minister Sarbananda Sonowal. The incident has heightened concerns over safety in the region and the potential for further conflict.
WPN Brief
- What Happened
Oil prices have fallen following President Trump's announcement to cancel planned military strikes against Iran, amidst escalating tensions in the Middle East. This comes after a US missile strike on the oil tanker MT Settebello resulted in the deaths of three Indian seafarers, confirmed by India's shipping minister Sarbananda Sonowal. The incident has heightened concerns over safety in the region and the potential for further conflict.
- Why It Matters
The deaths of the Indian seafarers have prompted a strong protest from the Indian government, highlighting the risks faced by maritime workers in conflict zones. This incident not only underscores the human cost of military actions but also raises questions about the accountability of military operations targeting vessels accused of transporting Iranian oil.
- The Bigger Picture
The ongoing military exchanges between the US and Iran, including recent strikes on Iranian positions and retaliatory actions, reflect a significant escalation in hostilities. This situation is further complicated by Iran's missile attacks on Bahrain and Kuwait, indicating a broader regional conflict that could destabilize the Middle East. The fragile ceasefire and the potential for diplomatic resolutions remain uncertain as tensions continue to rise.
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8 reports across the wire
Delhi issues ‘strong protest’ after US strikes kill three Indian seafarers in Gulf
The Indian government has issued a strong protest following a US military strike that resulted in the deaths of three Indian seafarers aboard the oil tanker MT Settebello in the Gulf of Oman. The US Central Command confirmed that its aircraft targeted the vessel, claiming it was violating a blockade of Iranian ports.
Is the Iran ceasefire over? What the latest US attacks tell us
The United States has conducted a second consecutive day of airstrikes against Iran, marking a significant escalation in military tensions following the downing of a U.S. Apache helicopter, which was attributed to Iranian forces. This series of attacks raises serious concerns about the viability of the ceasefire established in April, which has already seen multiple breaches.
US and Iran exchange strikes across Middle East for second day in a row
The United States and Iran have engaged in a series of military strikes across the Middle East for the second consecutive day, with Iran targeting American assets in Kuwait, Jordan, and Bahrain in retaliation for U.S. airstrikes. Reports indicate damage in the capital of Bahrain overnight.
US and Iran exchange strikes in Gulf in latest test of ceasefire
The ongoing military tensions between the United States and Iran have escalated as the US military conducted strikes on Iranian drones and radar sites, prompting Iran to retaliate by targeting US bases in Kuwait and Bahrain. This exchange of fire represents a significant test of the fragile ceasefire established earlier this year.
Kuwait and Bahrain targeted by Iran after exchange of fire with US
Iran has launched ballistic missiles and drones targeting Bahrain and Kuwait, following a series of military exchanges with the United States that included the downing of Iranian drones and strikes on Iranian radar sites. This escalation has raised alarms about the stability of the region and the fragile ceasefire in place. Air raid sirens were activated in Bahrain, prompting citizens to seek safety as Kuwait's military intercepted incoming threats.
Trump claims US and Iran on verge of signing peace agreement
President Donald Trump announced that the United States and Iran are on the verge of signing a peace agreement, stating that planned missile strikes against Iran have been canceled. This claim has not been confirmed by Iranian leadership, highlighting the uncertainty surrounding the negotiations.
Three Indian crew missing as US says fired on tanker off Oman
Three Indian crew members are reported missing after the oil tanker Settebello was attacked off the coast of Oman. The incident occurred when the U.S. military fired on the vessel, which was allegedly trying to breach a blockade related to Iran. The Indian foreign ministry confirmed that 21 of the 24 crew members have been rescued, while three remain unaccounted for.
Iran war live: US launches attacks on ‘multiple’ Iranian targets
The United States has launched airstrikes against multiple Iranian targets, escalating tensions following the downing of a U.S. Army Apache helicopter near the Strait of Hormuz, which President Trump attributed to Iranian forces. Tehran has responded defiantly, ordering a complete closure of the Strait to all vessels.