Trump stated that the United States and Iran have engaged in positive exchanges and could soon reach an agreement, but warned of "strong retaliation" if the outcome is unsatisfactory.

Brent and WTI crude are below USD 80 a barrel, as talks to reopen the Strait of Hormuz progress.

The US treasury secretary stated Washington could reach an agreement with Tehran on 4-5/8, ensuring freedom of navigation in the Strait of Hormuz.

Iran announced the suspension of its retaliatory attack plan after Ukraine apologized for targeting a cargo ship in the Caspian Sea.

President Trump expressed dissatisfaction, stating that US oil corporations are earning excessive profits due to soaring oil prices.

President Trump stated that negotiations between the US and Iran are ongoing, emphasizing that Tehran faces a final opportunity to avoid severe consequences.

President Trump reacted strongly after Iran denied negotiation reports, stating he would continue to impose a blockade until Tehran "agrees to a deal or surrenders."

President Trump announced the cancellation of an unprecedented attack on Iran, following requests from Tehran and other Middle Eastern nations.

Iran claims to have attacked two oil tankers attempting to transit the Strait of Hormuz under "air escort" by the US military.

Iran announces drone launches targeting multiple US sites in the Middle East, seeking revenge for a pilot general killed in March.

Iran announced the destruction of three US F-35 fighter jets and damage to three other aircraft in attacks on bases in Jordan, but Washington denied the information.

After accelerating in the first quarter, US GDP growth slowed in the second quarter and is projected to remain under pressure in the latter half of this year.

The commander of US forces in the Middle East warns of the risk of bases being attacked by Iran due to soldiers' social media posts.

The US military conducted intense strikes in response to Iran's missile launch at a base in Jordan.