Houthis

With a tentative June deal to end the war in tatters, there was no sign that the U.S. or Iran planned to resume peace talks

Comments by Iranian officials indicate that the Strait of Hormuz would not reopen to shipping anytime soon

While no party has claimed responsibility for Wednesday's attack on the tankers at the port of Damietta, the risk to the chokepoint has added to market volatility

Ukrainian President Volodymyr Zelenskyy said that Ukraine's forces struck a Russian warship and vessels used for transporting Iranian-linked military cargo in the Caspian Sea

Analysts note that while physical supply has held up better than feared thanks to U.S. output and weak demand elsewhere, “it may not last” if attacks intensify

This threat emerges against the backdrop of renewed U.S. airstrikes on Iran and the rapid unravelling MOU aimed at halting the conflict

Adding to the volatility, Yemen’s Iran-aligned Houthi movement fired missiles at Saudi Arabia’s Abha airport, breaking years of relative calm

Trump publicly called on both sides to "stop shooting", warning that further military action could jeopardise ongoing diplomatic efforts