EasyJet accepted a £5.7bn ($7.7bn) takeover offer from Apollo, an American investment firm. Earlier Castlelake, a rival suitor, said it had abandoned its bid to buy the European budget airline. Unlike Castlelake,

A cargo ship reports it has been hit by a projectile off the coast of Oman in the Strait of Hormuz. The United Kingdom Maritime Trade Operations Center says the report came overnight.

Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz.

Oman and Iran remain locked in negotiations about the future of the Strait of Hormuz, potentially running past the Thursday time frame expected by President Donald Trump. The foreign ministries of both nations confirmed Thursday that the geographic coordinates for a maritime route through the strait have been agreed upon,

Live Updates: Diplomatic efforts to reopen the Strait of Hormuz are intensifying amid US-Iran tensions, with negotiations progressing and mixed signals on a deal, while the waterway remains open for commercial vessels.

Two American aircraft carriers and a Marine amphibious strike group are positioned near the Strait of Hormuz as Iran delivers an explicit warning: any US warship entering an unauthorized route could be attacked.