IRGC-affiliated Fars shares video of apparent wreckage on Qeshm Island

Iran’s Persian Gulf Strait Authority (PGSA) said on Friday US sanctions would not secure control over the Strait of Hormuz, following its designation by the US Treasury Department.

"The US Treasury Department recently announced sanctions on PGSA. PGSA, while condemning this action, considers being sanctioned by a country whose leader takes pride in piracy as a sign of its own positive performance. You will not gain control over Strait of Hormuz, which you failed to achieve through warfare and diplomacy, by means of sanctions either," it posted on X.

"Despite the provocative actions of the United States in the waters of the Persian Gulf and the Sea of Oman, this body continues, without interruption, to review and grant passage permits to non-hostile vessels in order to facilitate navigation. Statistics from the first month of the PGSA's activities will be published soon," it added.

A White House official told Al Arabiya English on Friday that a Situation Room meeting on Iran has concluded after lasting approximately two hours, reiterating that President Donald Trump will only agree to a deal that meets US interests and his stated red lines.

The official said Trump would “only make a deal that is good for America,” adding that Iran can never be allowed to obtain a nuclear weapon.

The heads of the World Bank, International Monetary Fund and International Energy Agency warned on Friday that continued disruption to oil shipping through the Strait of Hormuz could increase risks to fuel security, market stability and broader economic resilience as demand rises in the Northern Hemisphere summer, CBS reported.

In a joint statement following a meeting on Thursday to discuss the Iran war, the three organizations said global oil inventories were being drawn down at a “record pace” after three months of restricted shipping through the strategic waterway.

They added that while the global economy remained resilient, some countries were already facing higher fuel costs, while fertilizer prices had surged ahead of planting season.

The statement warned that if shipping flows do not return to normal, continued rapid depletion of global oil inventories ahead of peak summer demand could pose increasing risks to fuel security and market conditions.

The top US general overseeing forces in Latin America held a rare meeting on Friday with senior Cuban military officials at the perimeter of US Naval Station Guantanamo Bay, Cuba, the US military said, confirming a Reuters report.

US General Francis Donovan, head of US Southern Command, briefly discussed operational security matters with the Cuban delegation, which included Cuban General Roberto Legra Sotolongo, first deputy minister of the chief of the General Staff, SOUTHCOM said on X.

Secretary of State Marco Rubio announced on X on Friday that Special Envoy Tom Barrak’s title for Syria expires, but he will continue as US Ambassador to Turkey.

"Ambassador Tom Barrak has played an invaluable role as our Special Envoy to Syria. While that title is expiring, he will continue to play a leading role for the Trump Administration in both Syria and Iraq, where his expertise, relationships, and understanding of the America First agenda will continue to deliver wins on behalf of our great country," Rubio said.