U.S. naval blockade

U.S. President Donald Trump has highlighted the resumption of Gulf oil flows, while Iran is preparing to increase exports. At least three tankers carrying five million barrels of Iranian oil have bypassed the U.S. naval blockade, despite ongoing U.S. military operations against Iran-linked shipping until Friday.

Bloomberg reports on a leaked draft memorandum between the United States and Iran proposing an end to hostilities, a 60-day framework for a final agreement, lifting the US naval blockade, phased withdrawal of US forces, and sanctions relief. The document also includes commitments from Iran to refrain from nuclear weapons production and the US to exempt Iranian oil and banking services from sanctions.

Trump announced a deal has been reached with Iran and authorized the end to the US naval blockade in the Strait of Hormuz.

Iran's Foreign Minister Abbas Araghchi stated that a proposed Memorandum of Understanding (MoU) with the US aims to end conflicts on all fronts, including in Lebanon, and address the Strait of Hormuz and the US naval blockade against Iran. The nuclear issue remains unresolved in the current phase of negotiations.

Iran's foreign minister Abbas Araghchi stated that a draft agreement to end the war with the United States could be signed remotely within days, with negotiations in final stages. The framework would address the US naval blockade and the future administration of the Strait of Hormuz.

Iran's Foreign Minister Abbas Araghchi stated that a proposed memorandum of understanding (MoU) with the US aims to end wars on all fronts, including Lebanon and the Strait of Hormuz, and lift the US naval blockade against Iran. The agreement would commit both nations to respecting sovereignty and avoiding interference, though Iran has delayed nuclear negotiations by rejecting US demands at this stage.

Iran faces increasing pressure from a US naval blockade. The Eneos Endeavor supertanker recently made a rare, dark transit through the Strait of Hormuz, indicating potential disruptions in regional shipping.

Iran's year-on-year inflation reached 77.2% in May, the highest level since World War II, driven by war-related uncertainty, economic mismanagement, and a U.S. naval blockade. The rial's value has plummeted, and rising prices for essential goods risk sparking new protests, mirroring past demonstrations linked to economic hardship.

President Trump stated that Iran negotiations are proceeding in an 'orderly and constructive manner' but warned against rushing the process. He confirmed the U.S. naval blockade of Iranian ports would remain until an agreement is 'certified and signed.'

The Pentagon estimates the U.S. naval blockade has cost Iran $4.8 billion in oil revenue, part of President Trump's pressure campaign. The assessment was shared by a Defense Department official with The Hill.

The Pentagon denied a report by Lloyd’s List claiming 26 Iranian ships bypassed the U.S. naval blockade in the Strait of Hormuz to export Iranian cargo globally. The report, released by a London-based shipping intelligence firm, was refuted by U.S. defense officials.

Sen. Chris Murphy faced backlash for sarcastically calling it 'awesome' that Iran-linked ships bypassed a U.S. naval blockade, later clarifying his sarcasm and criticizing Trump's 'bungled' war management. The White House accused Murphy of undermining U.S. efforts, while Murphy reiterated his opposition to the conflict and introduced a failed War Powers Resolution to end hostilities.

Sen. Chris Murphy faced backlash for sarcastically tweeting 'Awesome' after reports that Iran-linked ships bypassed a U.S. naval blockade. He later clarified the comment was sarcasm and criticized Trump's 'bungled' war management. The White House accused Murphy of undermining U.S. efforts, calling him a 'loser' and 'moron'.

Iran asserts control over the Hormuz Strait, a critical global shipping route, while U.S. President Donald Trump warns against 'blackmail' in the region. Iran's top negotiator, Mohammad Bagher Ghalibaf, criticizes the U.S. naval blockade of Iranian ports as 'clumsy and ignorant.'

Iran has resumed strict management of the Strait of Hormuz amid the U.S. naval blockade and as a two-week ceasefire nears its end. The Islamic Revolutionary Guard Corps (IRGC) stated the strait will return to its previous state.