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Iran on Sunday said it closed the Strait of Hormuz after a vessel traveled on an unapproved route and was struck, warning that any retaliation over the incident would be met with a "severe response." "A vessel that had jeopardized maritime security by switching off its systems was struck and brought to a halt," the Navy of Iran's Islamic Revolutionary Guard Corps said in a statement, without giving any details about the ship. The statement said several ships attempted to move through the [Read more]

Iran's Revolutionary Guards navy said early on Sunday it had closed the Strait of Hormuz until further notice after firing a warning shot at a vessel it said had attempted to transit along an unapproved route, state media reported. (Reporting by Yomna Ehab; Editing by Chizu Nomiyama) [Read more]

CALGARY - Prime Minister Mark Carney doubled down on his call for national co-operation to tackle a "threefold energy crisis" before his planned appearance Saturday at the Calgary Stampede. On Saturday afternoon, Carney reposted his sweeping 17-minute video argument for working across provincial boundaries and ditching his predecessor's climate plan. He first unveiled the video on social media on June 30, the day before Canada Day. The video opens with Carney saying Canada is facing an [Read more]

A written statement from Iran's Supreme Leader Ayatollah Mojtaba Khamenei threatened vengeance for the death of his predecessor and father on Saturday, but added that it would depend not only on Iran but also on "free people around the world". In the supreme leader's first public message since funeral ceremonies for his father, Ayatollah Ali Khamenei, began a week ago, the statement read on state television said that vengeance was "the demand of the nation" and "must certainly" take [Read more]

President Donald Trump said the U.S. and Iran had agreed to continue talks despite an escalation of hostilities this week but he declared that the ceasefire reached between the two sides last month was over. The United States also stepped up demands on Friday that Iran stop attacks on ships in the Strait of Hormuz, where recent hostilities have pushed oil prices higher, a politically sensitive issue for Trump ahead of November congressional elections. Trump's comments came on a day of [Read more]

Shale producer Occidental Petroleum said in a filing on Friday its worldwide average realized oil prices rose 38.4% in the second quarter compared with the previous three months, driven by higher benchmark crude rates amid the Middle East conflict. The U.S.-Iran war has injected a hefty geopolitical risk premium into the energy markets and disrupted supplies through the Strait of Hormuz, which carries about a fifth of global oil flows. * Benchmark Brent crude saw an average closing price of [Read more]