Keep pulling the thread on United States.
Negotiators from the United States and Iran are in Switzerland to begin talks on an interim peace deal, with mediation from Qatar and Pakistan.
Iran announced it had closed the Strait of Hormuz in response to Israel's attacks on Lebanon.
Vice President J.D. Vance stated that a record 16 million barrels of oil were transported out of the Strait of Hormuz on the previous day.
A primary U.S. objective in negotiations is to secure Iran's enriched uranium stockpile to make it "effectively impossible" for the country to rebuild its nuclear program.
US Central Command reported that 55 merchant ships transited the Strait of Hormuz on Saturday, carrying more than 17 million barrels of oil.
Iran has warned it will require ships to obtain its permission and purchase mandatory insurance to transit the Strait of Hormuz.
President Trump stated there will be no tolls for passage through the Strait of Hormuz unless they are imposed by the United States.
Under the terms of a recent memorandum of understanding, Iran is expected to restrain its proxy group Hezbollah, while the U.S. is expected to constrain Israel.
President Trump believes that if the U.S. were to attack Iran, the Strait of Hormuz would automatically close because shipping companies would not risk their vessels.
Ukraine has intensified drone attacks on Russian oil refineries, including the key Moscow refinery, in an effort to compel Russia to negotiate for peace.
According to an OPEC report, Russia's crude oil output in May was 690,000 barrels per day below its required level under an agreement with its allies.
Widespread fuel shortages are being reported across more than 50 regions in Russia as a result of Ukrainian drone strikes on oil refineries.