An Islamic Revolutionary Guard Corps spokesman said the Strait will remain closed unless the United States accepts its conditions.

Ukraine attacks have disrupted Russian crude deliveries to India, prompting Indian refiners to cut purchases from Russia and source more barrels from West Africa, the Americas and Gulf suppliers. With a series of refinery turnarounds ending, national crude demand and refinery run rates are expected to rise, allowing refiners to lift output. Last month Russian crude accounted for more than half of India’s imports. Kpler modelling senior manager Sumit Ritolia expects Russian shipments to India to fall to about 2.0 mln bpd this month from roughly 2.8 mln bpd in July, citing normalization after strong buying, reduced Russian export availability, increased competition and refinery maintenance; he adds supplies are likely to recover above 2.0 mln bpd in the coming months.

Court filings show Meta Platforms (META.O) agreed to pay $2.2 billion to the state of California as part of an agreement.