In Brief…
- Iranian Parliament Speaker Mohammad-Bagher Ghalibaf threatened US oil and gas interests in the region on Monday after Defense Secretary Pete Hegseth warned that Washington would destroy Iranian tankers if Tehran attacked US Navy vessels.
- Shipping through the Strait of Hormuz has fallen to its lowest level since May following US and Iranian strikes on tankers, according to shipping data.
- Iran will double the price of gasoline bought outside subsidized quotas from Tuesday, pushing ahead with a politically sensitive increase.
- Iran’s Supreme National Security Council secretary said on Sunday that a new restricted zone would be announced outside the Strait of Hormuz in the coming days.
This is a developing story that HO1 will continue to monitor.
Check back for updates.
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