Trump rages on Truth Social over Iran’s ‘fake news’ peace agreement - Donald Trump denied Iranian claims regarding a peace deal, stating they bear “no relation to the truth” and that leaked terms have “NOTHING to do with the terms that were agreed to, in writing.” - Trump criticized Iran for being “dishonorable people to deal with” and lacking “good faith” in negotiations. - He also condemned a “totally rebuffed Drone attack” by Iran against Indian Ships near the Hormuz Strait, calling it “TOTALLY UNACCEPTABLE.” - Iranian state media claimed a draft agreement between the US and Iran includes reopening the Strait of Hormuz and ending the war in Lebanon. - The alleged released by Tehran is a 14-point memorandum reportedly involves Washington lifting sanctions, withdrawing from around Iran, and lifting the naval blockade on Iranian ports, along with cancelling oil sanctions and releasing frozen funds.
Trump rages on Truth Social over Iran’s ‘fake news’ peace agreement - Donald Trump denied Iranian claims regarding a peace deal, stating they bear “no relation to the truth” and that leaked terms have “NOTHING to do with the terms that were agreed to, in writing.” - Trump critici…
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A tanker identified as the Kaifan was struck by an unknown projectile northeast of Oman’s Limah in the Strait of Hormuz, according to a July 21 report from UK Maritime Trade Operations. No ships were observed transiting the strait that day. Attribution of the strike and links to prior incidents have not been confirmed by the vessel’s owner.
Goldman Sachs has projected Brent crude averaging $80 per barrel in the fourth quarter and $75 in the following year, conditional on reduced Middle East tensions, while noting upside risks from potential shipping disruptions in the Strait of Hormuz or Red Sea.
Brent prices rose above $91 per barrel amid recent U.S.-Iran exchanges and Houthi threats to Saudi shipments before edging lower on Tuesday. A senior Iranian official told Reuters that mediators had proposed a 10-day ceasefire to preserve an interim agreement.
US forces struck the tanker Settebello in the Gulf of Oman on June 10, killing three Indian crew members when munitions hit the engine room and adjacent areas. Maritime tracking data indicate the vessel had transported Iranian oil under US sanctions for several years and conducted offshore transfers prior to the strike.
The US military described the action as a precision operation, while reports note the ship was stationary at the time.
Iranian officials reported strikes on US radar and air defense sites in Kuwait and Bahrain, along with the interception of two oil tankers in the Strait of Hormuz. The United States conducted strikes on Iranian targets following the deaths of three US soldiers, with the Pentagon stating the actions aimed to degrade capabilities affecting shipping.
Houthi forces in Yemen announced plans to blockade Saudi ports, while both US and Iranian leaders issued statements on further escalation.