It came as the United Arab Emirates said one of its ships was targeted by an Iranian missile, and Yemen’s military attacked the country’s Iranian-backed Houthi rebels.

Follow live updates as crude hovers near $80/barrel amid US-Iran diplomatic hopes, Strait of Hormuz uncertainty, and fresh Houthi attacks on Saudi tankers in the Gulf of Aden.

Iran's parliament is reviewing a plan to ban ships linked to the U.S., Israel and other "hostile countries" from transiting the Strait of Hormuz. The Trump administration has…