Iran War News LIVE: IRGC Navy Claims ‘Decisive Control’ of Hormuz; Trump Announces ‘Biggest Oil Deal in World History’ | Today’s news

Iran’s IRGC has reportedly rejected repeated US claims that the Strait of Hormuz is open, saying US officials continue to “lie” about the state of the waterway to influence the price of oil and “cover up their failures”.

In a statement carried by Iran’s IRIB broadcaster, the IRGC navy said that “the supremacy of the fighters of Islam over this strategic waterway is absolutely decisive”.

“With all force and full authority, the Strait of Hormuz is closed to all ships intending to pass through without coordination with the Islamic Republic of Iran,” the statement added.

Meanwhile, Iran’s foreign ministry on Friday urged other countries not to enforce new US sanctions, calling participation complicity in illegal pressure on sovereign states.

According to Iran International, Iranian Foreign Minister Abbas Araghchi said Friday that diplomacy with the United States is “not impossible” if Washington understands that “coercion doesn’t work.”

Trump announced the “biggest oil deal in world history” with Venezuela

US President Donald Trump on Friday (local time) announced “the largest oil deal in world history” with Venezuela. The landmark deal with Venezuela will give the US majority control of more than 65 billion barrels of proven oil reserves.

“The United States of America has just concluded an Agreement with Venezuela for the LARGEST OIL DEAL IN WORLD HISTORY! At my direction, Secretary of State Marco Rubio and Secretary of War Pete Hegseth, working closely with the highly respected Interim President of Venezuela, Delcy Rodriguez, and through a partnership with private businesses, secured greater control over Oil 65 BARRE BILLION BILLION vLS reserves in the US. Venezuela, at no cost to the US Taxpayer taxpayer,” he said.

Trump said the deal was secured “at no cost to the American taxpayer” and would “more than double” total U.S. oil reserves. The administration says the massive influx of oil into the U.S. will lower domestic gasoline prices over the long term while also putting Venezuela’s economy on a path to economic recovery.