US Treasury Secretary Scott Bessent indicated a deal between the US and Iran over control of the Strait of Hormuz could come as soon as Tuesday, causing oil prices to drop. President Trump later said talks are Iran's 'last chance' before potential strikes, though Iran denied negotiations were ongoing.
The US Treasury's Office of Foreign Assets Control sanctioned two Iranian maritime firms, including Hormuz Safe, for operating an IRGC-backed scheme that allegedly extorted commercial vessels transiting the Strait of Hormuz by requiring Bitcoin payments for insurance.
President Trump threatened to destroy Iranian infrastructure including bridges and power plants in retaliation for attacks on commercial shipping in the Strait of Hormuz, as the US conducted its 11th consecutive night of strikes against Iran and Tehran warned of escalating regional conflict.
A US Army Apache attack helicopter went down near the Strait of Hormuz on Monday, with the two crew members rescued by a US Navy drone in what appears to be the first such rescue operation. Trump confirmed the pilots were safe, though the cause of the crash remains unclear.
An American Apache helicopter crashed near the Strait of Hormuz with President Trump accusing Iran of shooting it down. The two pilots were rescued and are reportedly safe, but Trump has vowed the U.S. will respond to the incident.
The UK government quietly relaxed sanctions on Russian jet fuel and diesel imports as energy prices surge following the Strait of Hormuz closure. The move has drawn criticism from EU allies and opposition parties, with Brussels complaining about the surprise decision.
Iran's state-backed 'Hormuz Safe' platform offers Bitcoin-settled maritime insurance for cargo transiting the Strait of Hormuz, with the country projecting $10 billion in revenue. The service allows sanctioned shippers to pay premiums in cryptocurrency for instant digital coverage.
A deeper cease-fire dossier for the Iran War News DAO space, structured as a news story with shared claims, thematic dispute blocks, and grouped perspective collections, now updated through April 15, 2026.
