A cargo ship near the Strait of Hormuz has reported an attack by multiple small craft. That's according to a British military monitor.

Trump has expressed skepticism over the latest Iran peace plan, amid a widening fracture with European allies.

Investors appeared skeptical Sunday after President Donald Trump said the U.S. will work to “free” neutral shipping that’s been stranded in the Persian Gulf since the start of the war with Iran.

A large cargo ship was attacked near the Strait of Hormuz on Sunday as Iran pushes to assert control over the vital global energy shipping route.

Seven countries in the OPEC+ grouping of oil-producing countries — including Saudi Arabia and Russia — say they’ve decided to a modest increase in production starting in June as part of a commitment to “market stability.

Traffic through the Strait of Hormuz has come to a virtual standstill while US President Donald Trump weighs Tehran’s latest peace proposal.