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The Latest Breaking News from Hormuz

The World's Oil Tankers Are Seeking To Flee Hormuz. The Bill Is $2.5 Million Per Ship

The combined disruption of the Strait of Hormuz and the Bab el-Mandeb is forcing some shipments to take a circuitous route around Africa's Cape of Good Hope, making voyages longer and $ 2.5 million more expensive.

International Business Times

US expands Iran attacks as Trump warns Tehran and Houthis over Red Sea strikes

No end to fighting in sight as Revolutionary Guards launch drones at targets in Bahrain, Jordan and Kuwait

The Guardian - UK

Houthis say they don't seek to close key Bab al-Mandeb Strait

A Houthi spokesman said Friday that the rebels were not blocking traffic through the strategic Bab al-Mandeb Strait, after they declared a maritime embargo this week on their foe Saudi Arabia. Despite the Houthi threats and course changes, traffic continues in the Bab el-Mandeb Strait, which has been key to…

The Economic Times

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How the Bab al-Mandab blockade threat helped push oil back above $100

Escalating Houthi warnings to ships carrying Saudi crude through the strait lead to fears of further price surge

The Guardian - UK

Oil crosses $100: A 'perfect hurricane' can trigger bigger shock soon

Brent crude has surged past $100 as escalating Middle East tensions threaten two critical oil chokepoints — the Strait of Hormuz and Bab el-Mandeb — at the same time. While markets were already grappling with disruptions in Hormuz due to the US-Iran conflict, fresh Houthi attacks on Saudi oil tankers…

The Economic Times

Rand Paul Warns US Is 'Worse Off' Nearly Five Months Into Iran War As Hormuz Snags Spike Energy Prices: 'By Any Objective Measure…'

Sen. Rand Paul (R-Ky.) said the United States is "worse off" nearly five months after President Donald Trump launched the Iran war, pointing to an increasingly militarized Strait of Hormuz, rising energy prices and the failure to convert battlefield gains into a lasting agreement.

Benzinga

Iran Is Seeking To Dominate The Strait Of Hormuz. Gulf Countries Are Planning To Bypass It

At least seven major pipeline projects are under construction, in the planning stage or being considered as countries seek to bypass the Strait of Hormuz.

International Business Times

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Mideast oil producers step up plans to bypass the Strait of Hormuz

Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz

The Independent UK

Trump ‘not finished’ with war that has cost $37 billion so far

TEHRAN - The US military struck Iran’s Larak Island in the Strait of Hormuz on Wednesday, after President Donald Trump warned he was “not finished” with a war that has already cost Washington $37.5 billion.

Bangkok Post

Oil price rises above $95 mark as Middle East conflict escalates

Global supply disrupted by US-Iran aggression in strait of Hormuz and Houthi threats in Bab el-Mandeb

The Guardian - UK

Australia to warn China it won’t be bullied by ‘provocative‘ actions as it builds military and nuclear arsenal

Foreign minister Penny Wong to deliver speech criticising China’s recent launch of a nuclear-capable submarine-launched missile

The Guardian - AU

Norway’s national oil company’s profits double to $11.5bn amid war on Iran

Equinor benefits from decision to increase oil and gas production during strait of Hormuz blockades

The Guardian - UK

Indian refiners halt Iraq oil loadings on rising Hormuz risk

Due to heightened security worries, Indian refiners have paused crude oil loadings from Iraq, with major players like Indian Oil Corp. and Mangalore Refinery suspending operations. The move follows multiple freighters suffering projectile attacks, amplifying shipping hazards in the region. Iraq's oil ministry has acknowledged these delays, and India's shipping…

The Economic Times

Hormuz, Malacca and other key straits spawn tensions throughout history

PARIS (FRANCE) - Hormuz and a handful of maritime straits around the world have served as the linchpin of global trade since the 16th century and have fuelled geopolitical rivalries throughout history.

Bangkok Post

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The Guardian - UK

Houthis threaten to attack shipping tankers if they use Saudi Arabian ports on Red Sea

Warning to shipping companies, on top of Iran’s chokehold on strait of Hormuz, may severely affect Saudi oil exports

The Economic Times

After Hormuz, Gate of Tears may make the world cry. What about India?

The Bab el-Mandeb Strait, a key shipping route connecting Red Sea and Gulf of Aden, faces growing risks of disruption after Yemen’s Houthi movement warned of a maritime blockade targeting Saudi shipping. With US-Iran tensions escalating, the possibility of a closure of the waterway has emerged as a major global…

Fortune

Money talks: As the Iran war continues, Hormuz tolls gain traction

With missiles replacing merchant ships in the Strait of Hormuz, activity in the world's most critical energy corridor is grinding to a halt—and a controversial proposal to charge for safe passage is gaining traction.

The Guardian - AU

Hegseth estimates rising cost of Iran war now at $37.5bn – as it happened

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The Guardian - AU

Almost 100 troops injured in recent weeks, Pentagon admits, as Iran launches reprisals on US allies

Iran has attacked a tanker in the strait of Hormuz, forcing its crew to abandon the ship, after the US launched a tenth consecutive night of strikes

The Economic Times

Iran says fighting 'full-scale war' with US

Iran's president declared a full-scale war against the United States on Monday. Washington expanded its strikes across Iran, hitting cities and military bases. Iran responded with attacks in Bahrain, Jordan, and Syria, targeting military sites. Sailors abandoned a vessel after it was hit in the Strait of Hormuz. Diplomatic exchanges…

France 24

US strikes Iran for ninth consecutive day as more ships targeted in Strait of Hormuz

The United States carried out a new wave of strikes in Iran on Monday as US deaths in the renewed fighting climbed to three and more ships came under attack in the strategic Strait of Hormuz. Iran responded by targeting US military assets in Bahrain, the home of the US…

The Guardian - UK

US launches 10th round of strikes as Iran says it is in ‘full-scale war’

Diplomats say de-escalation talks continue as Trump vows retaliation over US soldier deaths

Fortune

The world is looking ahead toward a post-Iran oil market that offsets most Hormuz volumes in a few years as ships reject a U.S.-backed alternate route

Goldman Sachs estimated that enough Mideast pipeline capacity could be added to insulate 75% of the pre-war Gulf exports by the end of 2028.

MarketBeat

Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit

Amid the Iran war's shipping disruptions, tanker stocks Frontline and DHT Holdings have posted strong revenue growth as elevated rates boost VLCC operators despite market volatility.

International Business Times

Iraq And Syria Have Signed A Deal To Restore A Major Oil Pipeline. It Would Create An Alternative To The Strait Of Hormuz.

The proposed project would restore the pipeline connecting the oil-rich city of Kirkuk in northern Iraq with Syria's Mediterranean coast.

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