The secretary of state tempered optimism for a deal to end the Iran war, calling Iran's bid to "create a tolling system" in the Strait of Hormuz "not acceptable."

A United Arab Emirates company has expedited construction of a second oil pipeline to bypass the Strait of Hormuz, but normal flow through the region, and potential price stabilization, is still several months away,

The UAE has redirected some oil exports through an existing pipeline to Fujairah, which has a maximum capacity of 1.8 million barrels per day.

The Strait of Hormuz has been used as geopolitical bargaining chip since early on in the Iran war, upending global trade of vital resources.

CBS News was unable to determine what type of mines were in involved in this latest assessment.

Louisiana Gov. Jeff Landry (R), who is serving as President Trump’s special envoy to Greenland, said Friday morning that the Danish territory could play a role in bringing down energy prices

Tensions are escalating again near the Strait of Hormuz after a ship anchored off the United Arab Emirates was seized and taken toward Iran and another was attacked and sank near the coast of Oman.

Tensions around the Iran conflict remain high as Donald Trump says the US is close to a deal but warns military action could return if talks fail. Iran has accused Washington of preparing fresh attacks,