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Oil prices surge above $125 per barrel, the highest level since 2022, as President Donald Trump considers extending the blockade on Iran.

Oil prices have risen above $125 per barrel, reaching their highest point since 2022, amid reports that President Donald Trump is considering an extension of the blockade on Iran.

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President Donald Trump will sign a permit authorizing a new cross-border pipeline, an aide confirms.

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US military helicopters destroy two Iranian naval vessels near the Strait of Hormuz during Operation Freedom. Iran claims the vessels were civilian cargo ships and reports five fatalities in the engagement.

US Central Command reported that US military helicopters destroyed two Iranian naval vessels near the Strait of Hormuz during Operation Freedom. Iran disputed the account, stating that the vessels were civilian cargo boats and that five people were killed in the incident.

USS Truxtun and USS Mason successfully transit Strait of Hormuz after repelling an Iranian attack involving missiles, drones, and fast-attack boats. Pentagon officials confirm no U.S. vessels were struck during the engagement in the Persian Gulf.

Two U.S. Navy destroyers, the USS Truxtun and USS Mason, were targeted by Iranian missiles, drones, and fast-attack boats while transiting the Strait of Hormuz on Monday, according to Pentagon officials cited by CBS News. No U.S. vessels were struck during the engagement, and both ships have since reached the Persian Gulf.

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