Iran says Strait of Hormuz will reopen if U.S. leaves the region

Iraq has lost around $60 billion during the U.S.-Iran war, Foreign Minister Fuad Hussein said Thursday, as the fighting has blocked or severely impeded a waterway crucial to its oil exports.

OPEC member Iraq was producing about four million barrels of oil per day (bpd) before the conflict, and exporting about 3.5 million bpd – mostly carried by tankers out of the Persian Gulf via the Strait of Hormuz.

Iran’s ongoing threat to vessels that fail to seek its permission to transit the strait has forced Iraq, which lacks sufficient storage capacity, to halt most production and fall back on limited exports via Syria and Turkey, by truck and pipeline respectively. Syria is set to expand overland provision of overland oil routes to bypass the strait, the head of Syrian Petroleum Co. said last week.

“Iraq has suffered losses estimated at around $60 billion during the recent war between the United States and the Islamic Republic of Iran,” Hussein told his Italian counterpart in Rome, according to a statement from the Iraqi foreign ministry.

After a heavy drop in production, Iraqi oil exports, which provide about 90% of the country’s revenues, recovered modestly last month, reaching 2.6 million barrels per day between Sept. 1 and 21, according to the oil ministry. But at the same time, Iraq’s foreign currency reserves have shrunk by $20 billion and consumer prices have risen sharply, plunging it into economic crisis.

CBS/AFP

A Norwegian teenager convicted of traveling to Britain to carry out a contract killing on behalf of an international crime gang linked to Iran was sentenced Friday to 20 years in prison.

Johannes Kongsnes Natland, 19, was found guilty in July of conspiracy to murder for agreeing to shoot someone unknown to him for $28,000 last year. He was arrested at a hotel in Huddersfield, in northern England, with two guns and ammunition two days after arriving in the U.K.

In bodycam video released by police from the early hours of March 19, 2025, Natland emerges topless from his room and mimes a shooting gesture at a firearms officer before being slammed against a wall.

It remains unknown who his intended target would have been.

Natland, who was working part time at a pizza restaurant at the time of his arrest, was recruited by a Swedish organized crime group known as the Foxtrot Network while he was playing a game online. The group has links to the Iranian government, according to London’s counterterrorism police unit.

Natland was hired by a 17-year-old known as “Generalen.” A court in Norway last year convicted the teenager of attempting to “contribute to murder” and sentenced him to 14 years in custody. A 16-year-old is awaiting trial in Norway for his role in the conspiracy.

CBS/AP

The Iranian navy said Friday that it had identified a tanker on fire in what it called a prohibited area in the Gulf of Oman, east of the Strait of Hormuz.

The navy’s public relations office said in a statement that military surveillance teams “discovered and identified a violating oil tanker that had caught fire in a prohibited area.”

The vessel had “switched off its tracking systems and was attempting to pass through a prohibited area in the Gulf of Oman.”

The navy did not say how the tanker “caught fire” but added that “the consequences of uncoordinated movements along routes and in prohibited areas are the creation of insecurity and serious hazards for other vessels.”

At least three commercial vessels have been struck in the region in suspected Iranian attacks this week.

The Strait of Hormuz will reopen if the U.S. “leaves” the Middle East, an Iranian army official said Friday.

“If the United States leaves the region, the Strait of Hormuz will reopen and collective security will be established with the participation of the countries of the region, and the global economy will improve,” army spokesman Mohammad Akraminia wrote on X. “If it does not leave, we will expel it.”

He did not elaborate on whether he was calling for a withdrawal of military forces sent during the current war, all U.S. military forces across the region, or military and non-military U.S. government personnel.

Though there were credible reports earlier this month of oil exports from the Persian Gulf ramping back up to near pre-war levels, Iran and the U.S. continue offering conflicting narratives, with the Trump administration insisting the Strait of Hormuz is open, but Tehran claiming it is closed to all traffic unless Iranian authorities grant permission. 

Greek maritime risk firm Marisks warned Thursday that ships continue to face “indiscriminate attacks,” even if they turned off their tracking systems, which many ships have been doing to avoid detection.

Iranian President Masoud Pezeshkian on Friday urged countries to condemn what he called “ecocide” in the Middle East caused by “wars of aggression” against his country.

Pezeshkian said the conflicts in Gaza and the wider Middle East had taken a significant toll on nature that extended beyond national borders and required “international solutions.”

“What has occurred in our region as a result of wars of aggression is ecocide, or environmental genocide, and it must be condemned,” Pezeshkian said at a nature summit in Armenia that was attended by United Nations Secretary-General Antonio Guterres.

Pezeshkian decried an “atmosphere of distrust” between Iran and the U.S. in a recent interview with CBS News. 

“As long as they don’t cease doing what they’re imposing on us every day, it’s difficult to trust them,” he said. “Every day, they increase the sanctions against us. Every day, they threaten us. Every day, they strike us, and they don’t honor what they have put in writing. So, if they engage in talks, will they actually follow through?”

CBS/AFP

The White House and Pentagon have prepared plans to use a Massive Ordnance Air Blast bomb to hit military sites in Iran if ordered by President Trump, sources familiar with the matter told CBS News.

A Pentagon official told CBS News: “The Department of War plans for a wide range of operational scenarios to execute Presidential and Secretary level direction and to ensure mission success in any operational environment.”

A White House spokesperson said: “We do not comment on sensitive military plans that may or may not exist. President Trump keeps all options on the table to ensure that Iran can never have a nuclear weapon.”

Last week, Mr. Trump said the U.S. would not attack Iran before the midterm elections. He also touted “productive conversations” with Iran, though he did not provide specifics.

CNN first reported Thursday on the plans to use the Massive Ordnance Air Blast Bomb, or MOAB, on Iran.

Mr. Trump set a precedent for using the MOAB, also known as the “mother of all bombs,” when it was used in 2017 to attack an Islamic State cave complex in Afghanistan. The bomb is the largest U.S. non-nuclear weapon, weighing upwards of 30,000 pounds at a cost of $170,000 per unit.

Read more here.