
Two oil tankers reversed course as they approached the Strait of Hormuz on Monday, just hours after the US naval blockade against Iranian ports took effect, according to maritime tracking platform MarineTraffic. Brent crude for June delivery closed up 4.4% at $99.36 per barrel, while US benchmark WTI rose 2.6% to $99.08, according to Bloomberg.

US President Donald Trump announced on Sunday that the Navy would immediately begin blocking all maritime traffic attempting to enter or leave the Strait of Hormuz, and ordered the interception on the high seas of any vessel that has paid a toll to Iran.

The Inter-American Institute for Cooperation on Agriculture (IICA) and the U.S.-based Fertilizer Institute (TFI) announced a partnership to secure fertilizer supply across the Americas, amid logistical disruptions and price volatility worsened by the closure of the Strait of Hormuz due to the war between the United States, Israel and Iran.

Iran suspended tanker traffic through the Strait of Hormuz just hours after its ceasefire with the United States took effect, in response to continued Israeli strikes against Hezbollah in Lebanon. The move jeopardizes a truce that had barely begun to ease the worst global energy crisis in decades.

The United States and Iran agreed to a two-week ceasefire on Tuesday night, just 90 minutes before a deadline President Donald Trump had set to launch massive strikes against Iranian civilian infrastructure. The deal, brokered by Pakistan, pauses a six-week conflict that has killed thousands and triggered a global energy crisis.

The São Paulo stock exchange reversed its losses in the final minutes of trading and closed Tuesday with a slight gain of 0.05%, lifted by President Donald Trump's statement that he is in heated negotiations with Iran just hours before his ultimatum for the reopening of the Strait of Hormuz expired.

US President Donald Trump said Tuesday he is in heated negotiations with Iran just hours before his ultimatum for Tehran to reopen the Strait of Hormuz or face massive attacks on its civilian infrastructure expires.

The United States and Israel struck Iran's Kharg Island, the country's main oil export terminal, on Tuesday, hours before President Donald Trump's ultimatum for Tehran to reopen the Strait of Hormuz or face massive attacks on its power plants and bridges expires.

US President Donald Trump threatened Sunday to bomb Iran's power plants and bridges if Tehran fails to reopen the Strait of Hormuz to international shipping by Tuesday at 8:00 PM Eastern Time.

Iran shot down a US F-15E Strike Eagle fighter jet over its territory on Friday, marking the first confirmed downing of a crewed American aircraft since the war began five weeks ago. A second plane, an A-10 Warthog attack aircraft, was also struck by Iranian fire and crashed after managing to exit Iranian airspace.