Oil jumps over 5% as Iran says it blocked US ship - Reuters

Iran has prepared additional scenarios in the Strait of Hormuz, IRGC-affiliated Tasnim News reported on Monday, citing an unnamed military source.

The source said Iran was ready for “any scenario” and would not allow US combat vessels to pass through the strait without permission from Iran’s armed forces.

“All vessels must learn from the experience of the 40-day war and not pay the price for American foolishness,” the source was quoted as saying.

Iran fired a warning shot at a US warship to prevent it from entering the Strait of Hormuz, Reuters reported on Monday, citing a senior Iranian official.

It was unclear whether any damage occurred following the shot, according to the report.

The claim follows conflicting reports earlier in the day, with Islamic Revolutionary Guards saying a US ship had been hit by missiles and the US Central Command saying no Navy vessels were struck.

The United Arab Emirates condemned on Monday a drone attack on an ADNOC-affiliated vessel in the Strait of Hormuz, calling it an act of piracy by Iran’s Islamic Revolutionary Guards.

The UAE Foreign Ministry said targeting commercial shipping and using the Strait of Hormuz as a pressure tool violated freedom of navigation and UN Security Council resolutions.

The ministry said the vessel was targeted by two drones while transiting the strategic waterway.

No US Navy ship was hit by Iranian missiles on Monday, US Central Command said, denying Iranian reports that Islamic Revolutionary Guards had struck a US warship.

CENTCOM said US forces were supporting Project Freedom and enforcing a naval blockade on Iranian ports.

US President Donald Trump could pursue major military action against Iran if talks do not soon produce the outlines of an achievable deal, Axios reported on Monday, citing a senior US official.

“It’s either we’re looking at the real contours of an achievable deal soon, or he's going to bomb the hell out of them,” the official said.

The report said Trump wants pressure on Iran while keeping diplomatic channels open.

Trump’s envoys Jared Kushner and Steve Witkoff are still exchanging proposals with Iran’s Foreign Minister Abbas Araghchi, it said, citing officials.

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