Iran Security Chief Sets Conditions
Iran's new security chief says the Strait of Hormuz will remain closed until the US meets Iranian demands
S. agrees to Iranian demands, including a ceasefire in Lebanon and Gaza. S. -Iran memorandum, including ending military operations and making Iran’s frozen assets available.
S. ends the war and blockade, releases Iran’s frozen assets, and agrees to a region-wide ceasefire, including in Lebanon and Gaza. Until all conditions are met, the Strait will remain closed. — محسن رضایی (@ir_rezaee) August 11, 2026 Uncertainty over the Strait of Hormuz has caused volatility in the global oil markets.
77/bbl, respectively. 15 during overnight trading on Tuesday. 0116 on Tuesday. 5/gallon mark on average.
UKMTO Reports Incident in Red Sea The United Kingdom Maritime Trade Operations Center (UKMTO) reported an incident on Tuesday off the coast of Al Mokha, Yemen, which resulted in casualties after a vessel was hit by an unknown projectile, the agency said in its update. It advised ships to exercise caution. com/cVMaZx4EpT — UKMTO Operations Centre (@UK_MTO) August 11, 2026. by Al Jazeera on Wednesday, citing statements by Yemen’s internationally recognized government, the incident resulted in the deaths of six individuals in the Bab al-Mandeb Strait following an alleged double-tap strike by the Houthis.
The incident also injured 10 individuals. -Israel and Iran war began in February this year, the report said. S. S.
officials. Trump had earlier said that he remains a priority target for Iran. S. maintained control over the Strait of Hormuz and that it was open.
Read Also: Analyst Warns Iran’s Push for ‘Concessions’ Puts Hormuz Agreement at Risk, Says Gas Prices Could Rise Again—Expects US Oil Reserves to Stay Above 275 Million Barrels Check out more of Future Of Mobility coverage by following this link. Photo courtesy: Shutterstock