LIVEGlobal oil prices have dropped to their lowest levels since the Iran war began this yearLast updated: June 25, 2026 | 07:27US-Israel-Iran warAFPUS Secretary of State Marco Rubio vowed to protect Gulf allies' interests as Washington presses ahead with Iran talks, while President Donald Trump said negotiations were 'doing great'. Iran's Revolutionary Guard warned ships against using an unapproved route through the Strait of Hormuz, saying vessels outside Tehran-approved corridors could face enforcement action. Brent crude slipped more than 1 per cent as markets bet on diplomatic progress and uninterrupted oil flows. Follow our live updates:07:13 AM, 25 June 2026Five more S. Korean-operated ships exit Strait of Hormuz South Korean-operated vessels continue to exit the Strait of Hormuz following last week’s ceasefire between the United States and Iran, with five more ships departing the region, according to the Ministry of Oceans and Fisheries on Thursday.The ministry said the latest departures bring the total number of vessels that have left the area to 11, adding that 13 South Korean-linked vessels remain inside the strategic strait.07:01 AM, 25 June 2026Iran warns ships away from a Hormuz route it didn’t approveIran's Revolutionary Guard Navy has dismissed a newly established shipping route through the Strait of Hormuz, cautioning that vessels using the corridor could be exposed to significant risks.According to remarks reported by Press TV on Thursday, the IRGC Navy said the route had been introduced by 'certain authorities' without prior consultation or coordination with Tehran.IRGC stressed that only maritime corridors approved by Iran are recognised and that ships navigating the area must remain in contact with the IRGC Navy. It warned that vessels operating outside designated routes could be subject to intervention and enforcement measures.Get updated faster and for FREE: Download the Gulf News app now - simply click here.06:14 AM, 25 June 2026Brent crude falls below pre-Mideast war closing price