Tom Ozimek

The president’s warning came amid falling crude oil prices and after he accused gas stations of price gouging.

The latest crisis erupted after Washington accused Iran of attacking commercial vessels transiting the strait with missiles and drones.

The United States and Iran are set to meet after both sides paused military exchanges in the Strait of Hormuz, Trump said.

The U.S. State Department published the text of the agreement, which has the backing of the United States and aims to achieve ‘lasting peace’ in the region.

The nuclear watchdog said initial discussions with Tehran on inspections have barely started, and called on Iran to move quickly to allow ’strong' verification.

The rebound comes as the security situation in the strait has improved following the U.S.-Iran memorandum of understanding extending the ceasefire.

Improving oil flows through the Strait of Hormuz have pushed Brent crude below levels seen before the conflict erupted.

The secretary of war said that the system autonomously detected, targeted, and destroyed multiple cruise missile and drone threats.

The Iran-Oman discussions on maritime service fees relate to broader navigation administration arrangements in the Strait of Hormuz.

The U.N. nuclear watchdog head’s remarks align with Trump’s insistence that the inspections will take place.