WASHINGTON, May 27 (Reuters) - The United States has sanctioned the Persian Gulf Strait Authority, the body Iran has set up to manage the Strait of Hormuz, the Treasury Department said on Wednesday. • The authority is a body Iran has set up to manage ...

Trump says a deal with Iran to reopen the Strait of Hormuz is largely negotiated. Bitcoin rallied on reduced geopolitical risk as traders eye a 60-day ceasefire.

India, May 28 -- US-Israel Iran War Latest Update: The United States military has launched fresh strikes targeting an Iranian drone operation that was reportedly posing a threat to U.S. forces and com

An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.

IRGC Navy halts US oil tanker in the Strait of Hormuz, raising tensions. Traffic normal by July 31 at 60% YES.

Landlocked Afghanistan is struggling to access supplies as fighting with Pakistan and the Iran war disrupt key routes.

An unofficial draft of a U.S.-Iran peace deal would see shipping in the Strait of Hormuz return to pre-war levels within a month.

Summary and Key Points: Iran has effectively closed the Strait of Hormuz without firing a single shot. By threatening cargo ships with drones, missiles, sea mines, swift boats, and midget submarines,