US-Iran war news Highlights: Iran threatens ‘forceful response’ against non-compliant ships

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Oil prices extend fall, now below levels seen before the Iran war began.

WTI crude traded around $68 a barrel, while Brent crude slipped near $71 a barrel.

Brent hit its lowest level since the week before the Iran conflict started on February 28.

Persian Gulf oil flows surged, increasing global crude supply.

Rising exports from the Gulf have raised concerns about a potential oil supply surplus.

Iran’s joint military command warned that all oil tankers transiting the Strait of Hormuz must follow its approved navigation routes.

The statement said: “Any failure to comply, deviation from the designated route, or disregard for the navigation protocols of the Islamic Republic of Iran in the Strait of Hormuz will be met with an immediate and forceful response from the armed forces, endangering the security of the violating vessels.”

It further warned that any interference by US forces would trigger retaliation, stating: “will be met with a rapid and decisive reaction.”

Foreign officials are expected to attend condolence ceremonies before Ali Khamenei's remains begin a nationwide funeral procession.

On Saturday, his body will be taken to a mosque in Tehran before being carried through the capital on Monday. The remains of his daughter, son-in-law, granddaughter and the wife of Mojtaba Khamenei, all reportedly killed in the same strike, will accompany the procession.

Following ceremonies in Qom and Iraq's holy cities, Khamenei will be buried in Mashhad near the shrine of Ali al-Ridha.

Iranian officials have described the funeral as more than a farewell to the country's long-serving leader, portraying it as a demonstration of loyalty to the Islamic Republic after months of war and political upheaval.

"The large public turnout at the funeral procession of the martyred leader and the other martyrs will, in effect, be another referendum for the Islamic Republic," Friday prayer leader Mohammad Saidi said in comments carried by Iranian state media.

Authorities are mobilizing supporters from across the country by arranging transportation, accommodation and food to encourage participation in the ceremonies.

Iran's ruling establishment is preparing days of mass funeral ceremonies for late Supreme Leader Ali Khamenei, following his death on February 28 in US-Israeli strikes during the war.

The funeral events will begin over the weekend in Tehran before expanding to the holy cities of Qom and Mashhad, with additional ceremonies scheduled in Iraq's Shi'ite shrine cities of Najaf and Karbala.

Lebanese President Joseph Aoun described the negotiations with Israel as not "treason but a diplomatic war without unnecessary bloodshed".

He said the talks are aimed at ensuring Israel's withdrawal from Lebanese territory.

Aoun vowed that Lebanon "will not yield a single inch" of its territory during the negotiations.

Lebanon signed a US-backed framework agreement with Israel last week to pursue peace between the two countries.

The agreement has sparked strong opposition from the Iran-backed Hezbollah, which has protested the move.

US-Iran to continue after Khamenei funeral, Qatar reportedly said.

Citing a news report, Al Jazeera on Thursday reported that over 5,000 more Israelis have moved to southern areas near Gaza 1,000 days after the October 7, 2003 attacks

Pakistan's Foreign Ministry on Thursday announced that indirect talks with Iranian and US delegations in Doha concluded “with positive progress made on issues related to the aspects of the Islamabad MoU”

Israel’s military says security forces have raided Mukhmas, a northern village in the occupied West Bank, after contact was lost with several Israelis who reportedly entered the village, Al Jazeera reported.

A hoard of Iranian oil is building up at sea, as Tehran struggles to find buyers before the expiry of a 60-day window granted by the US, Bloomberg reported.

As of 1 July, over 58 million barrels of Iranian crude and condensate were on the water, according to data from Vortexa and Bloomberg calculations.

“The parties agreed to continue discussions over the coming period, with the next meeting to be scheduled at the earliest possible time following the funeral processions of the former Iranian Supreme Leader,” Qatar's foreign ministry spokesperson said.

It's the 1000th day of war since a Hamas-led attack on Israel sparked the war in Gaza. Other conflicts have emerged in the region, and fragile ceasefires show scars of persistent attacks. Both Israelis and Palestinians are weary of the strain, AP reported.

People's Democratic Party (PDP) president Mehbooba Mufti is set to travel to Iran to pay final tributes to the country's slain supreme leader Ayatollah Ali Khamenei after receiving an official invitation to attend his funeral.

In the aftermath of the Iran war, business jet departures in the Middle East declined about 30%, a trend that’s at risk of continuing until a peace deal is signed, Bloomberg reported.

Oil prices continue to fall after Qatar said Iran and the US had made “positive progress” in indirect technical talks in its capital Doha.

Brent futures were down 73 cents, or 1.02 percent, to $70.84 a barrel by 01:02 GMT, while US West Texas Intermediate crude fell 83 cents, or 1.21 percent, to $67.75 a barrel.

Gold prices rose on Thursday, supported by softer-than-expected jobs data and lower oil prices.

Iran's deputy foreign minister, Kazem Gharibabadi, has dismissed a US-led regional security dialogue held in Bahrain, where participants from 12 nations discussed the Strait of Hormuz.

“Hormuz is defined under Iran’s command, not CENTCOM,” he wrote, adding that “a military summit in Bahrain cannot establish legal order and security for the Persian Gulf.”

Despite signing a framework agreement to end hostilities last week, Israel continues to launch attacks on southern Lebanon, Al Jazeera reported.