Report: US Offers Sanctions Relief to Iran If Tehran Opens Strait of Hormuz

Pentagon Officially Removes 180 Faiths From Military Religion List Authored by Aldgra Fredly via The Epoch Times, The Department of War has formally removed 180 faiths from its official list of religious affiliation codes, leaving 31 remaining, according to a memo posted by Pentagon spokesman Sean Parnell on June 5. The Pentagon in Arlington, Va., on May 25, 2026. Madalina Kilroy/The Epoch Times The military had initially listed 211 faith and belief codes, but that number has been sharply reduced under the direction of War Secretary Pete Hegseth, according to a memo signed...

US Secretly Repositions Bulk Of Stealth Cruise Missiles For Iran War President Trump has set a Tuesday evening deadline for Iran to reopen the Strait of Hormuz, with Tehran facing severe consequences if it refuses. Trump’s messaging suggests the next phase of the conflict could shift toward strikes on power plants, bridges, and other critical infrastructure nationwide. New reporting from Bloomberg suggests that the Department of War shifted a large share of its JASSM-ERs, formerly the AGM-158B Joint Air-to-Surface Standoff Missile-Extended Range, a long-range, conventional, air-launched stealth cruise missile fired from...

Tanker Rates Nearly Halve As Hormuz Shipping Normalizes The recent spike in the cost to hire a supertanker carrying 2 million barrels of crude from Saudi Arabia to China is now being sharply reversed, as more shippers send vessels through the Strait of Hormuz and normalization trends continue to improve. Bloomberg reports that tanker rates for the Saudi Arabia-to-China route tumbled to about $287K on Friday, down 44% from more than $514K on Tuesday. That data came from the Baltic Exchange. Rates remain elevated and still highly profitable for owners, but...