South Korea checking report of ship attack in Hormuz - report

US Treasury Secretary Scott Bessent said in an interview with Fox News that the United States had “absolute control” of the Strait of Hormuz and was opening up the waterway.

Bessent added that the United States was “firing only when fired upon.”

He also said President Donald Trump and Chinese President Xi Jinping had discussed Iran in their phone calls.

Two US-flagged merchant vessels successfully transited the Strait of Hormuz as US Navy guided-missile destroyers operated in the Persian Gulf under Project Freedom to support efforts to restore commercial shipping, US Central Command said on Monday.

US forces are assisting efforts to restore transit for commercial shipping, CENTCOM said in a post on X.

The two vessels were safely continuing their journey after passing through the strait, CENTCOM added.

Brent crude jumped more than 5% on Monday while the dollar strengthened after Iran said it had prevented a US warship from entering the Strait of Hormuz, Reuters reported.

US stock futures, European equities and bond prices fell as investors reacted to rising tensions in the strategic waterway.

The move followed conflicting reports of military activity in the area, which heightened concerns over global energy supply through the strait, a key oil transit route.

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.