Donald Trump said he asked China’s Xi Jinping not to supply weapons to Iran, receiving assurances that Beijing was not doing so. The exchange comes amid rising tensions and U.S. threats of tariffs on countries aiding Tehran.

Japan will create a $10 billion financial framework to help Asian nations secure oil and other energy resources amid rising geopolitical tensions, aiming to safeguard regional supply chains and reduce the risk of disruptions affecting key industries.

The US and Iran may be preparing for a new round of negotiations this week aimed at de-escalating the conflict.

Negotiating teams from the JD Vance and Iranian delegation led by Mohammad Baqer Qalibaf could return to Islamabad for further peace talks as early as this weekend, according to multiple sources.

European NATO members, including the UK and France, say they will not take part in a U.S. blockade of Iranian ports ordered by Donald Trump, instead pushing for a multinational mission to restore navigation once hostilities end

Iranian envoy Mohammad Fathali says Tehran is in “good contact” with New Delhi over Indian vessels passing through the Strait of Hormuz, a key oil route disrupted by the ongoing U.S.-Israeli war on Iran

The U.S. Central Command has notified seafarers of a blockade covering the Gulf of Oman and Arabian Sea, warning that all vessels entering the zone without authorization risk interception as tensions rise in the Iran conflict

Prime Minister Keir Starmer says Britain will not be drawn into the Iran conflict and opposes any blockade of the Strait of Hormuz, stressing efforts to fully reopen the critical global shipping route

Oil prices jumped more than 7% after the US announced plans to block shipping linked to Iran through the Strait of Hormuz, reviving supply fears and pushing crude back above $100 a barrel amid failed peace talks

According to the Financial Times, Europe's airport industry has sounded the alarm over impending jet fuel shortages. ACI has warned EU Commissioner Apostolos Tzitzikostas that systemic supply failures could hit within 3 weeks unless the Strait of Hormuz reopens.

Iran’s forensic authority says more than 3,000 people were killed during the war that began in late February, with a significant share of victims still undergoing identification before being returned to their families

As the International Energy Agency (IEA) warns—and as oil market executives confirm—the situation on the supply side is expected to worsen as the war continues

Especially for Iran’s reconstruction, expected proceeds from the Strait of Hormuz tolls should allow the IMF, World Bank and other multilateral and even private financial institutions to provide immediate funding for rebuilding destroyed infrastructure