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US Iran news LIVE: Iran plans new Strait of Hormuz security bill, targets Israeli vessels

S
Sayak Basu, Ravi Hari
US Iran news LIVE: Iran plans new Strait of Hormuz security bill, targets Israeli vessels
AI Summary

Tensions between the US and Iran have escalated following threats regarding the Strait of Hormuz and alleged ballistic missile launches toward the UAE. The US has also expanded criminal charges against an Iranian hacking network.

Why it matters

The conflict threatens global oil supply stability and regional security in the Middle East.

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US-Iran War Highlights: Oil prices rose for the fourth consecutive day as US and Iran remain locked in a stalemate regarding the possible extension of their ceasefire even after six months of conflict.Meanwhile, Iran has slammed the US President for claiming the Strait of Hormuz as “New US Territory”. "Just as Trump correctly wrote the name of the eternal Persian Gulf, soon his delusion regarding the Strait of Hormuz will either be corrected or we will correct the delusions of this deluded man," Iranian Deputy Foreign Minister Kazem Gharibabadi said in a post on X.What are Tehran's demands?Iranian Parliament Speaker Mohammad Bagher Ghalibaf said Tehran would not reopen the Strait of Hormuz until the US fulfils commitments under the 14-point memorandum of understanding, including lifting the blockade, releasing frozen Iranian assets and lifting oil sanctions.Ballistic…

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