Military says foreign armed forces will be 'targeted and attacked' if they approach

Negotiations between the two countries have been deadlocked since a ceasefire came into effect on April 8, and Iran's stranglehold on the strategic strait following US-Israeli attacks on Tehran has been a main point of contention

President Donald Trump said Sunday that "very positive discussions" were underway with Iran on finding a solution to the war, but nevertheless added US forces will soon start escorting ships out of the blocked Strait of Hormuz

Donald Trump has said he is reviewing the latest peace proposal from Tehran, but cast doubt on the prospect of a diplomatic breakthrough by claiming Iran had not yet “paid a big enough price” for its past wrongs.

Iranian authorities plan to turn a bombsite at a university in central Iran into a museum about the impact of US-Israeli strikes, an official said

The UAE, one of the world's top producers, announced April 28 it was withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) and the expanded OPEC+ group, after chafing at their production quotas. The withdrawal took effect on Friday.

Tehran had submitted a 14-point proposal to mediator Pakistan

Trump has said repeatedly that Iran can never ​have a nuclear weapon

Iran said yesterday that it was up to the United States whether to pursue a negotiated settlement or to return to open war, but that Tehran was ready for either outcome.

Exchange of proposals fails to ease standoff over nuclear programme and sanctions

Iran delivered the draft to mediator Pakistan on Thursday evening, the IRNA news agency reported, without detailing its contents

UN chief Guterres calls Hormuz closure ‘strangling the global economy’

The conflict has aggravated Iran's dire economic problems, risking calamity after the war

Activated for around 20 minutes to counter small aircraft and reconnaissance drones, reports Iranian media

Iran’s supreme leader yesterday declared that the United States had suffered a shameful defeat, defiantly rejecting a warning from President Donald Trump that an economically punishing US naval blockade could be enforced for months to come.

Two months into the war that started with US-Israeli strikes on Iran, the vital sea channel remains closed

Brent for June delivery, which hit a peak of $122.53 Wednesday, was sitting around $120 in Asian trade, while West Texas Intermediate was around $108.

The presidents "paid particular attention to the situation regarding Iran and in the Persian Gulf", Ushakov said.

Tuesday's talks with oil executives followed a deadlock in efforts to resolve the conflict, which has led the United States to try to squeeze Iran's oil exports with a naval blockade aimed at forcing it to reopen the Strait of Hormuz to shipping.

The $25 billion cost is equal to the entire budget of NASA for this year