The Trump administration has imposed new sanctions on Iran targeting the Persian Gulf Strait Authority, which controls shipping through the Strait of Hormuz, amid ongoing war and negotiations. - U.S.
forces conducted strikes on an Iranian military facility after downing Iranian attack drones. - The sanctions target the newly created agency that charges tolls up to $2 million per vessel for safe passage.
- Iran's closure of the strait has caused global energy price spikes, with experts warning of weeks to months for recovery. - President Trump says a deal is imminent but negotiations continue, with threats of resumed fighting if no agreement is reached.