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Global Oil Trade Significance
Percentage of global oil and natural gas passing through the Strait of Hormuz
Primary Sources
Iran says war with US will 'likely' resume - Newswire
Iran’s armed forces have warned that a resumption of conflict with the United States and Israel is “likely”, claiming there is evidence Washington is not committed to any agreements or treaties. In a statement carried by Fars News Agency, senior military official Mohammad Jafar Asadi said recent actions and statements by US officials suggest a lack of commitment to diplomatic efforts. “The actions and statements of US officials are primarily media-driven aimed first at preventing a drop in oil prices and second at extricating themselves from the mess they have created,” he said. Asadi added that Iran’s armed forces are “fully prepared for any new adventures or foolishness from the Americans”. The remarks come amid heightened tensions between Iran and the United States, with indirect negotiations and proposals reportedly under discussion. Meanwhile, US President Donald Trump has expressed dissatisfaction with Iran’s latest peace proposal, saying it includes demands he “can’t agree to”. There has been no immediate response from US officials to the latest statement by Iran’s military leadership. (Newswire) 2026-05-02
'Armed forces prepared': Iran says war with US may resume, cites ...
Tehran: Iran’s armed forces have warned that hostilities with the United States and Israel could resume, saying it is "likely" that the conflict will reignite and accusing Washington of failing to honour agreements. The remarks were made by Mohammad Jafar Asadi, deputy at Iran’s military headquarters, in a statement carried by the Fars news agency. He claimed recent actions and statements by US officials suggest a lack of genuine commitment to diplomatic efforts. Asadi said US messaging appears largely driven by media considerations, aimed at preventing a decline in oil prices and distancing itself from the situation it has created. He added that Iran’s military remains on high alert and is fully prepared to respond to any escalation, warning against what he described as possible “new adventures” by the US. His statement comes after former US President Donald Trump rejected Iran’s latest proposal for talks, which had been conveyed through mediators in Pakistan, according to Iran’s state-run IRNA news agency. Trump later said he was “not satisfied” with the proposal but did not provide further details. The tensions come despite a fragile ceasefire between the US and Iran that has held for the past three weeks. US warns ships paying toll to Iran in Hormuz The US has warned shipping companies that they could face sanctions if they make payments to Iran in exchange for safe passage through the Strait of Hormuz. The advisory, issued Friday by the US Office of Foreign Assets Control (OFAC), adds pressure to the growing standoff between Washington and Tehran over control of the strategic waterway. Roughly one-fifth of the world’s oil and natural gas trade typically passes through the Strait of Hormuz in peacetime. Iran has effectively shut the strait to normal traffic by attacking and threatening ships after the US and Israel launched a war on February 28. It later began offering some vessels safe passage by routing them closer to its shoreline and, at times, charging fees for the service. That “tollbooth” arrangement is now the target of the US sanctions warning. According to OFAC, the payments could take many forms, including cash, digital assets, offsets, informal swaps, or other in-kind transfers such as charitable donations or payments made at Iranian embassies. “OFAC is issuing this alert to warn US and non-US persons about the sanctions risks of making these payments to, or soliciting guarantees from, the Iranian regime for safe passage,” the ag...
Senior Iranian military official says renewed conflict with US 'likely'
2 hours ago ... An Iranian military official says that a renewed conflict with the United States is “likely,” as peace talks remain stalled and US President Donald Trump ...
Iran warns conflict with US-Israel could resume soon
What's the story Iran 's armed forces have warned that the conflict with the United States and Israel could soon resume. They claim evidence suggests the US has failed to honor agreements or treaties.
