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​Crude oil tanker Odessa, carrying UAE crude after passing through the Strait of Hormuz with its Automatic Identification System transponder turned off, navigates the waters at Daesan port, in Seosan, South Korea, May 8, 2026.
What We're Watching

The memorandum of misunderstanding over Hormuz, Magyar’s Orbán-era purge, Another purge in China

The US and Iran exchanged missiles again overnight. The two countries are at odds over whether Tehran can impose tolls on ships that pass through the Strait of Hormuz.