US-Iran war news LIVE: Iran exploring oil sales to Japan — Report

OPEC oil output in June rose from its lowest in more than two decades, a Reuters survey found, as Gulf members began reviving supplies shut during the Iran war and effective closure of the Strait of Hormuz.

Output by the 11-member Organization of the Petroleum Exporting Countries rose by 3.3 million barrels per day month-on-month to 19.43 million bpd, the survey found.

Two Romanian men whom British prosecutors said were acting as proxies for the Iranian government were on Friday jailed for stabbing a journalist working for a Persian-language media organisation in London.

Pouria Zaratifoukolaei, known as Pouria Zeraati, a British journalist of Iranian origin who works for Iran International, was stabbed three times in the leg near his home in southwest London in March 2024.

Yemen's Iran-backed Houthis on Friday threatened Saudi Arabia's airports and vital assets should Riyadh violate its airspace or attempt to attack it, as the rebels accused the kingdom of an earlier airspace intrusion.

"We warn the criminal Saudi enemy against repeating any attempt to violate our airspace or any aggression targeting our country. Such actions will be met with a comprehensive response targeting its airports and vital interests on land and sea," military spokesman Yahya Saree said in a video statement.

Israel's military said it had struck several Hezbollah sites in southern Lebanon a day earlier in response to attacks on its troops in the area.

Israel and Lebanon signed a US-sponsored framework agreement last week to pave the way for peace between the two countries and disarm Iran-backed militant group Hezbollah.

Iran has begun talks with Japanese companies under a US sanctions waiver allowing it to resume oil sales, though prospective buyers are seeking a longer waiver and reassurances about ship safety, Reuters reported, citing three Iranian and Western sources.

The waiver, part of 60-day peace talks between Tehran and Washington, was issued on June 22 and expires August 21.

Afghanistan's foreign minister in the Taliban government paid his respects on Friday at the coffin of Iran's slain supreme leader Ali Khamenei in Tehran, Iranian state television showed.

Amir Khan Muttaqi's tribute came just hours after that of Ahmad Massoud, the head of a key anti-Taliban group, whose father was backed by Iran in the 1990s.

His coffin was unveiled late on Thursday to a throng of sobbing supporters, swaying and beating their heads in time to a sung lament as flowers were thrown from the bier into the crowd. On Friday the coffin — and those of family members killed with him — was laid in state in the great prayer hall built to honour his predecessor, Ayatollah Ruhollah Khomeini.

The funeral is taking place at a critical moment for Iran, where the clerical rulers backed by the Islamic Revolutionary Guard Corps are riding high from surviving what they saw as an existential war against their greatest and most powerful foes.

Iran prepared Friday for the dayslong funeral of the late Supreme Leader Ayatollah Ali Khamenei, with banners across Tehran urging the public to rise up in support of the Islamic Republic after the devastating war that killed the 86-year-old cleric.

The country's theocracy plans to see millions flood the streets of the capital beginning Saturday in scenes reminiscent to the burial of the late Supreme Leader Ayatollah Ruhollah Khomeini in 1989.

Pakistan Prime Minister Shehbaz Sharif and Army Chief Field Marshal Asim Munir reached Tehran on Friday to attend the funeral of Iranian supreme leader Ayatollah Ali Khamenei, who was assassinated in US-Israeli strikes in February.

Prime Minister Sharif reached Tehran along with a delegation comprising National Assembly Speaker Ayaz Sadiq, Deputy Prime Minister and Foreign Minister Ishaq Dar, Information Minister Attaullah Tarar, PPP Chairman Bilawal Bhutto Zardari, and Sindh Chief Minister Murad Ali Shah.

The body of Iran's slain Supreme Leader Ayatollah Ali Khamenei was lying in state in a vast hall in Tehran on Friday as clerics, officials, foreign dignitaries and other mourners paid their respects after his 37-year rule.

Iran is staging a week of mass funeral processions for Khamenei — killed in February by U.S. and Israeli airstrikes at the start of a four-month war — in a show of public devotion to the Islamic Republic's theocratic state and revolutionary fire.

Khamenei's body was expected to be taken to Qom, Najaf and Kerbala, the great Shi'ite centres of Iran and Iraq, before being laid to rest on Thursday in Mashhad, home to the country's holiest pilgrim shrine.

Iran's top negotiator Galibaf said according to Reuters, if the US and israel do not fulfill their commitments, Iran will resume its appropriate measures.

Hunter Biden, former President Joe Biden's son, took a sarcastic swipe at Donald Trump by mockingly "nominating" him for the Nobel Peace Prize while taking a dig at the administration's claims regarding the conflict with Iran

NATO leaders will gather next week in Ankara, where Europeans aim to set aside strife with US President Donald Trump over Iran and Greenland and show they are stepping up to defend the continent as Washington cuts back on its commitments to the alliance.

Tehran extended invitations to several leaders of prominent Indian political parties. Last week, Iranian President Masoud Pezeshkian invited Prime Minister Narendra Modi to the funeral ceremonies, after which multiple BJP, Congress, and PDF leaders also received invitations. For a detailed report, click here.

In a post on X, Bernie Sanders warned that the American Israel Public Affairs Committee (AIPAC) and other “billionaire-funded super PACs” are set to spend “tens of millions of dollars to defeat” Abdul El-Sayed in Michigan’s Senate race.

Iran's Gen. Ahmad Vahidi, who leads the country's paramilitary Revolutionary Guard, emerged in public on Friday for the first time in months during the days-long funeral for the late Supreme Leader Ayatollah Ali Khamenei.

Brent oil could extend declines to $60 a barrel by year-end as disruptions in the Strait of Hormuz ease, according to Citigroup Inc., adding to a chorus of bearish outlooks for the global crude market.

Several sailors are still stuck in the Gulf despite the US and Iran signing an agreement for a ceasefire, Bloomberg reported.

Iran's Foreign Minister Abbas Araghchi slammed the US Central Command's meeting in Bahrain with 12 regional partners. For a full report, click here.

Oil prices edged up on Friday before a long holiday weekend in the U.S., as wary optimism held over efforts to secure peace in the Middle East between the United States and Iran.