The UAE Foreign Ministry said on Saturday (August 8) that Iran fired a missile at a vessel affiliated with Abu Dhabi’s state-owned oil company ADNOC while it was transiting the Strait of Hormuz.
UAE says Iran attacked a vessel in the Strait of Hormuz, adding to tensions around the strategic waterway as Tehran said an agreement with Oman on managing shipping was close but would not by itself be enough to reopen the route.The UAE Foreign Ministry said on Saturday (August 8) that Iran fired a missile at a vessel affiliated with Abu Dhabi’s state-owned oil company ADNOC while it was transiting the Strait of Hormuz. No casualties were reported.ADNOC said more than a dozen of its vessels have been attacked by missiles and drones while passing through the strait since the war between the US, Israel and Iran began on February 28. The company said one crew member had been killed and 20 wounded in the attacks.Iran says Oman deal not enough to reopen straitMeanwhile, Iranian Foreign Minister Abbas Araqchi said Tehran and Oman were “very close” to an agreement on a new shipping route through the Strait of Hormuz.However, he said reopening the waterway would depend on additional conditions, including compensation from the United States.Araqchi said the previous shipping traffic separation scheme was no longer acceptable to Tehran. Iran and Oman are discussing a temporary route while technical and legal issues surrounding a permanent arrangement are resolved, he said.The Strait of Hormuz is a critical global energy route, carrying about a fifth of the world's oil and gas shipments before the conflict.Iran lays out demands for reopening HormuzIran's top national security body also set out broader conditions for reopening the waterway.Mohammad Bagher Zolghadr, secretary of Iran's Supreme National Security Council, called for an end to US threats and military action against Iran and its regional allies. Tehran also wants the US naval blockade of Iranian ports lifted, sanctions removed, Iranian assets unfrozen and compensation paid for war damage.Iran's Revolutionary Guards separately said reopening the Strait of Hormuz depended on Washington accepting Iran's conditions rather than on the negotiations with Oman.“Whenever the United States accepts Iran’s conditions, the Strait of Hormuz will certainly be reopened,” Guards spokesperson Hossein Mohebbi said, according to Iran's Tasnim news agency.The statements could complicate efforts to reach an agreement aimed at restoring normal commercial shipping through the strait.Oman says talks remain positiveOman, which has been mediating between Iran and other parties, said negotiations with Tehran over arrangements for shipping through Hormuz were continuing in a “positive and constructive” atmosphere.Oman also condemned repeated attacks on vessels in the waterway without assigning blame.The Omani Foreign Ministry urged all sides to avoid actions that could undermine the talks and the progress made so far.A US official said on Friday that Washington expected an agreement between Iran and Oman soon and that normal oil traffic could resume once commercial shipping could move through the strait without impediments.The official said the US would lift its blockade of Iranian ports once such a deal was announced, while stressing that Washington's actions would depend on Iran implementing its commitments.UK maritime monitor reports separate vessel attackThe United Kingdom Maritime Trade Operations (UKMTO) said a vessel east of Khasab, Oman, was struck by an unknown projectile, causing a fire that was subsequently extinguished.The vessel and its crew were reported safe, with no environmental impact reported.It was not immediately clear whether the incident reported by UKMTO was the same attack involving the ADNOC-affiliated vessel.Proposed deal could give Iran greater controlA proposed Iran-Oman arrangement could give Tehran control over vessels entering the Gulf through the Strait of Hormuz, according to a senior Iranian source and two regional officials cited by Reuters earlier this week.Such an arrangement would represent a significant concession to Iran, while US officials have repeatedly said Was
Petrol, diesel prices today — 8 Aug: Retail fuel rates held steady on 8 August, despite an increase in Brent crude price. Check fuel rates in Delhi, Mumbai, Bengaluru, Kolkata and other cities.Petrol, diesel prices today — 8 Aug: Retail fuel rates in India remained stable despite fluctuations in global oil prices.(REUTERS)Petrol and diesel prices today, 8 August: Retail petrol and diesel prices across major Indian cities held steady today even as Brent notched a third straight weekly loss to settle above $83 a barrel. Fuel rates set by state-run Oil Marketing Companies (OMCs) continue to align with the last major price revision that came about over two months ago, on 25 May. Consumers continue to be shielded from market fluctuations and remain insulated from volatility in oil prices.Crude oil price todayBrent crude, the global benchmark, has been highly sensitive to developments around the terms and timing of a potential pact between US and Iran on the Strait of Hormuz waterway that could restore millions of barrels of West Asian energy supply. Crude oil, the international standard, climbed 1.3% to settle at $83.55 a barrel on Friday while West Texas Intermediate crude fell 0.3% to $77.06 a barrel.Optimistic sentiment swept through the market after Reuters reported that the US will lift its naval blockade on Iran once the Iran-Oman deal is reached and commercial shipping is restored “without impediments.” Following this development, Oil steadied and reversed gains in post-settlement trading.US Bank Wealth Management senior investment strategy director Rob Haworth said, “Deals to reopen the Strait of Hormuz remain elusive, with investors teetering in the balance.” He added, “For now, traffic remains low and the path to a durable deal remains unclear.”CityPetrol PriceDiesel PriceNew Delhi ₹102.12 ₹95.20Mumbai ₹111.21 ₹97.83Kolkata ₹113.50 ₹99.82Chennai ₹107.77 ₹99.55Gurugram ₹102.97 ₹95.64Noida ₹101.89 ₹95.37Bengaluru ₹110.93 ₹98.80Bhubaneswar ₹108.85 ₹100.56Chandigarh ₹101.54 ₹89.47Hyderabad ₹115.69 ₹103.82Lucknow ₹103.06 ₹96.43Patna ₹114.36 ₹100.31Jaipur ₹112.69 ₹97.78Thiruvananthapuram ₹114.80 ₹103.64US-Iran war updateProgress in Iran and Oman talks on Friday as confirmed by a US official to Reuters signals that oil exports that have been disrupted by the five-month-old war could resume in the near term as Washington anticipated an agreement soon between the two countries."There is progress between Oman and Iran on the strait, and we expect a deal soon," Reuters quoted a US official as saying. He added, “Once the deal is announced to restore commercial shipping without impediments, the United States will lift the blockade of Iranian ports.”As negotiations move closer to a potential agreement, US President Donald Trump on Thursday expressed optimism that fuel prices could decline and said progress in the talks could help stabilise one of the world's most critical maritime trade routes for oil shipments, according to Fox News. Exuding confidence that the conflict involving Iran would end "pretty soon," Trump asserted he did not believe the Islamic Republic could sustain the confrontation much longer.Over the ongoing diplomatic efforts, he stated, “I think we're doing very well. I am involved in the negotiations. I think we are doing fine... it could be soon.”US allies sign a new security pactSaudi Arabia, Pakistan and Turkey, US allies with majority Sunni Muslim, signed a joint defense agreement in Mecca on Friday amid regional conflagration after Iran-backed Houthis opened another front to the war. The pact stipulates that an armed attack against any of the three would be regarded as an attack on all, Reuters reported.Gold jumpedAbout the AuthorFareha NaazFareha Naaz is a Delhi-based journalist and Content Producer at LiveMint, where she has built nearly three years of experience in digital journalism. She covers a diverse range of topics, including national news, education, entertainment, lifestyle trends science, global heal
Petrol, diesel prices today — 7 Aug: Retail fuel rates held steady on 7 August, despite a rise in Brent crude caused by news of Iran strikes in Hormuz. Check fuel rates in Delhi, Mumbai, Bengaluru, Kolkata and other cities.Petrol, diesel prices today — 7 Aug: Retail fuel rates in India remained stable despite fluctuations in global oil prices.(AFP)Petrol and diesel prices today, 7 August: Retail fuel rates across major Indian cities remained largely unchanged on Friday despite marginal fluctuation. Petrol and diesel prices continue to align with the last major price revision that came about over two months ago, on 25 May, even as crude prices witness tremendous fluctuation due to geopolitical situation in West Asia. Brent crude, the global benchmark, extended gains wiping out some of the declines from earlier in the week.Crude oil price todayAs optimism over reopening of Strait of Hormuz to shipping traffic evaporated, Brent crude price edged higher on 7 August in early Asia trade. Brent traded around $83.45 a barrel, nearly 1% higher after surging almost 4% in the previous session as prospects for a lasting truce remained uncertain. Meanwhile West Texas Intermediate traded around $78.US Bank Asset Management Group senior investment strategy director, Rob Haworth said, “Deals to reopen the Strait of Hormuz remain elusive, with investors teetering in the balance," Bloomberg reported. He added, “For now, traffic remains low and the path to a durable deal remains unclear.”The volatility in global oil prices did not trickle down to retail fuel markets in India as state-owned oil marketing companies (OMCs) shield consumers from market fluctuations and set retail petrol and diesel rates.CityPetrol PriceDiesel PriceNew Delhi ₹102.12 ₹95.20Mumbai ₹111.21 ₹97.83Kolkata ₹113.51 ₹99.82Chennai ₹107.76 ₹99.55Gurugram ₹102.97 ₹95.64Noida ₹101.96 ₹95.44Bengaluru ₹111.68 ₹99.56Bhubaneswar ₹109.20 ₹100.90Chandigarh ₹101.54 ₹89.47Hyderabad ₹115.43 ₹103.58Lucknow ₹101.86 ₹95.36Patna ₹113.37 ₹99.36Jaipur ₹113.19 ₹98.25Thiruvananthapuram ₹115.49 ₹104.40*Source: Good ReturnsUS-Iran war updateIran launched fresh wave of attacks on Thursday night at “hostile targets” in the Persian Gulf at the entrance to the strait. Tehran's semi-official Fars News Agency reported explosions near Qeshm Island in Hormuz. Seeking to bar US and Israeli ships from the critical waterway under the proposed Iran-Oman agreement, Tehran intends to demand compensation from hostile countries to use it.The recent escalation in fight comes as both US and Iran signaled that an accord may be close. US President Donald Trump on Thursday said negotiations were “going fine” and that he was involved. At the White House, he told reporters that the war will end “pretty soon” and that the US is in control of the strait.At the same time, gold traded around $4,240 an ounce as traders assessed the impact of Iranian strikes. Iran-backed Houthi's, who opened a new front to the war, claimed to have conducted a “large-scale” attack against forces from Yemen’s Saudi-backed government.Centre rejects claims of ethanol import from USThe Central government on Thursday rejected claims of ethanol import from US and said India's fuel blending programme and ethanol procurement continue to be governed solely by the country's domestic policy requirements. The commerce and industry ministry in a statement said, “No concessions or commitments relating to the import of ethanol for fuel blending from the US have been made in the India-US trade discussions. Accordingly, any suggestion of a policy change to permit large-scale imports of fuel ethanol from the US is misleading.”Stay updated with the latest Trending, India, World and US news. HomeNewsIndiaPetrol, diesel prices today — 7 Aug: Fuel rates in Delhi, Mumbai, Bengaluru as Brent climbs on Iran strikes in HormuzMore
Live UpdatesUS-Iran war news LIVE: Oil prices extended gains on reports that Iran attacked “hostile targets” in the Strait of Hormuz, with Tehran seeking to bar US ships from the critical waterway in a deal with Oman. Tune in to Live Mint to catch all the latest US-Iran war-related updates.US-Iran war news LIVE: Oil continues to extend gains as Iran attacks targets in Hormuz(AFP)US-Iran war news LIVE: Oil prices extended gains on reports that Iran attacked “hostile targets” in the Strait of Hormuz, with Tehran seeking to bar US ships from the critical waterway in a deal with Oman. West Texas Intermediate (WTI) rose above $78 a barrel after surging almost three per cent in the previous session, while Brent settled around $82. The attacks on "hostile targets" took place on Thursday night (local time) after explosions were reported near Qeshm Island in Hormuz, Fars news agency reported. Crude has erased most of the declines from earlier in the week as optimism over a full resumption of the Strait of Hormuz evaporated. According to reports, under the proposed Iran-Oman agreement, Tehran intends to ban Israeli ships from the Strait and seek compensation from hostile countries to use it.Saudi military says Houthi attack left 11 civilians injuredSaudi military on Thursday said that more than 10 civilians, including a four-year-old, were left injured in the country following a series of attacks by Yemen’s Houthi rebels. The attacks took place in the southern region of Najran near the Yemeni border and came hours after the Iran-backed rebel group claimed responsibility for another series of strikes in central and eastern Yemen that killed at least 30 government troops and wounded at least 50 others. The back-to-back attacks mark the latest major escalation since a truce in Yemen in April 2022 halted major fighting between Houthis and a Saudi-led coalition, which backs the internationally recognized government.Iranian President says 'people didn't feel the war at all'Iranian President Masoud Pezeshkian on Thursday (local time) said coordinated governance, effective crisis management, and cooperation from neighbouring countries helped the Islamic Republic withstand the ongoing West Asia conflict, asserting that ordinary citizens "didn't feel the war" despite attacks on key infrastructure. In a televised address, he credited government agencies, provincial administrations, and cabinet coordination for maintaining normalcy during the conflict. He said, "The people didn't feel the war at all; they only realised something had happened when they were struck somewhere or saw the images on television. This situation was shaped thanks to our managers, governors, county governors, and the coordination of our ministers."Trump says 'war's got to end pretty soon'US President Donald Trump on Thursday (local time) expressed confidence that the US-Iran conflict would end "pretty soon" and said that he believes Tehran "can't go much longer." He also voiced optimism over ongoing negotiations related to the Strait of Hormuz while reaffirming the commitment to prevent Iran from possessing a nuclear weapon. Speaking to reporters at the Oval Office, Trump said, "When I started the very important excursion into the Islamic Republic of Iran, it was a very important excursion because they can't have a nuclear weapon; otherwise the whole world would get blown up. We're not gonna let that happen. Not only us, not only the Middle East, but the whole world would have been... It would have been catastrophic. We had no choice... We will see those days pretty soon again, based on everything I see, as soon as the war ends. And I think the war's got to end pretty soon. I don't think they can go much longer."Key Events07 Aug 2026, 05:48 AM IST07 Aug 2026, 05:48 AM ISTFollow updates here:7 Aug 2026, 05:48:34 AM ISTUS-Iran war news LIVE: Iranian President says 'people didn't feel the war at all'Iranian President Masoud Pezeshkian on Thursday (local time) said coordinated g
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