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U.S.–Iran Standoff Intensifies as Ceasefire Overtures Fail, Kharg Struck and Hormuz Trade Squeezed

Stalled diplomacy is driving emergency fuel measures.

Overview

  • Senior White House officials rejected regional mediation, and Iranian sources said Tehran will not consider a truce until U.S. and Israeli strikes stop.
  • Washington confirmed airstrikes on Kharg Island, Iran’s principal oil export hub, underscoring a strategy targeting economic infrastructure.
  • Iranian media reported first use of the medium‑range Sejjil missile and leaders vowed to keep the Strait of Hormuz closed, sharply disrupting maritime traffic.
  • India moved to ease LPG stress as VLGC Shivalik arrived at Mundra with about 46,000 tonnes and Nanda Devi prepared to offload near Vadinar, with priority set for households and essential services.
  • Bangladesh arranged 45,000 tonnes of diesel from India after fuel rushes, while uncertainty around new supreme leader Mojtaba Khamenei continued as the U.S. offered a cash reward for information.