The Persian Gulf Strait Authority released a map showing its “areas of oversight” extending to the United Arab Emirates’ ports, eliciting a rebuke from a senior Emirati official.

International benchmark Brent crude futures whipsawed on Monday as markets digested a dangerous new escalation alongside signs of diplomatic progress.

Iran's newly created Persian Gulf Strait Authority said in a post on X on Wednesday there will be a "controlled maritime zone" at the Strait of Hormuz.