EU oil coordination group said supplies from Iran and the wider Middle East will take time to reach Europe.

EU oil coordination group says oil trade flows are slowly resuming after the US and Iran signed a memorandum of understanding.

The International Maritime Organization said it is temporarily suspending an evacuation operation for vessels and seafarers stranded in the Gulf of Oman after a cargo ship was struck by unidentified aerial objects near Omani waters on Thursday. A US official blamed Iran for the attack and said Washington is investigating. IMO Secretary-General Domingues said the pause will allow authorities to reconfirm the evacuation list and verify security measures for all ships in the area. A US official added that President Trump has said Iran must not be allowed to disrupt freedom of navigation.