Foreign Minister Abbas Araghchi and his Saudi counterpart Prince Faisal bin Farhan held a phone call on Wednesday to discuss regional developments.

Trump's admission underscores the effectiveness of Iran's strategy in placing restrictions on the strategic waterway.

Washington has been unable to break Tehran’s control over the Strait of Hormuz, despite a heavy air campaign, a naval blockade, special forces operations, and a failed “humanitarian” escort mission.

The confrontation from Hormuz to southern Lebanon exposes the unraveling of American and Israeli entity deterrence under the pressure of an expanding resistance axis.

Conventional oil fields can sustain production for long periods with relatively low reinvestment.

Italy has deployed two minesweepers to the Strait of Hormuz as part of an international mission involving several European countries.

The Italian government has said it is preparing to move two minesweepers to the Strait of Hormuz as a precaution.