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The Latest Breaking News from Hormuz

US, Iran tit-for-tat attacks threaten fragile ceasefire

The US and Iran have launched fresh attacks on each other in the Gulf region, further straining a fragile ceasefire and talks aimed at ending the war.

AAP

From trickle to torrent: Hormuz reopening may trigger a global oil flood

The reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned near the Gulf and oil infrastructure largely preserved during the shutdown, producers are expected to ramp up output quickly once shipping resumes. Industry experts believe a significant portion of the…

The Economic Times

ICC Secretary General: The Hormuz clock that matters isn't diplomatic — it's agricultural

The real clock on the Hormuz closure is agricultural — and by the time the food crisis is visible, the decisions that caused it will be six months old.

Fortune

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read the most diverse news in one place.

Collapse is near: Trump's window to resolve Iran crisis closing fast

West Asia tensions are escalating, impacting global markets. Iranian attacks and US strikes near the Strait of Hormuz are disrupting oil supplies. Economists warn of a significant economic shock if a US-Iran agreement remains elusive. This conflict threatens jobs and economic growth worldwide, particularly in Europe and Asia. The world…

The Economic Times

Iran-U.S. war could erupt again, warns Washington as Strait of Hormuz blockade continues. What to expect this week?

Pentagon chief Pete Hegseth, while attending a defense summit in Singapore, said on Saturday that Washington was "more than capable" of restarting the war if necessary.

The Economic Times

Trump’s bind deepens with Hormuz shut and hawks pushing war

President Trump faces pressure from Iran's demands for financial relief and Republican hawks urging a decisive end to the conflict. This has led to fluctuating promises of a deal and threats of renewed military action, complicating efforts to resolve the ongoing war and open the Strait of Hormuz.

The Economic Times

Dollar wobbles as markets cling to hopes for Middle East peace deal

Investor optimism for a deal to reopen the Strait of Hormuz is boosting markets. Hopes of peace have lowered oil prices and eased pressure on emerging market currencies. Iran's top negotiator is in Doha for talks. U.S. President Donald Trump indicated talks are progressing positively. However, fresh U.S. strikes on…

The Economic Times

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Is the Gulf losing its grip on the oil world?

One of the most striking features of the Iran war has been the resilience of the global oil market. Despite the disruption of flows through the Strait of Hormuz, the world’s most important oil transit chokepoint, prices have generally hovered around US$100 (£75) per barrel – a lower level than…

The Conversation

Ryanair Locked In Fuel at Half the Spot Price Yet Still Warns Passengers to Expect Higher Fares

Despite airline industry struggles, Ryanair remains confident about Europe's fuel supply but warns fares could rise if the Strait of Hormuz stays closed.

International Business Times UK

Oil Price Today (May 15): Crude oil above $105 as Iran war resolution stagnates. Where is liquid gold headed?

Oil prices climbed Friday amid fears of ship attacks and seizures, despite Iran's claims of safe passage through the Strait of Hormuz. Traders are also watching US-China trade talks closely. Geopolitical tensions remain high, with disruptions significantly tightening global oil supplies and potentially impacting prices until late 2027.

The Economic Times

Trump says Xi vowed not to arm Iran, offered help to open Hormuz

US President Donald Trump has said that Chinese President Xi Jinping had offered China’s help to reopen the Strait of Hormuz and pledged not to provide military equipment to Iran amid its war with the United States and Israel.

The Times of India

Oil Price Today (May 14): Crude oil above $105 per barrel. Here’s why Trump-Xi meeting is important for Strait of Hormuz

Oil prices edged higher as investors awaited talks between U.S. President Trump and Chinese President Xi Jinping, focusing on economic gains and geopolitical issues like the Iran war. Despite concerns over interest rate hikes, crude futures saw slight increases, with analysts warning of potential price surges if the Strait of…

The Economic Times

Trump Shocks Critics After Calling Strait of Hormuz Shutdown the 'Smartest Move in History'

Trump hails Strait of Hormuz shutdown as history's smartest move, even as petrol tops $4.52 and Iran ceasefire talks collapse, escalating rhetoric in the conflict's tenth week.

International Business Times

French navy warns stranded ships as Iran blockades choke Hormuz

A dozen members of the French navy scour screens for blinking lights indicating movement thousands of kilometres away near the Strait of Hormuz.

Radio France Internationale

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International Business Times UK

Trump Savaged by Wall Street Traders With Brutal New Four Letter Code to Mock His Recent Economic Retreats

Wall Street traders have coined 'NACHO' to mock Trump's handling of the Strait of Hormuz, following the 'TACO' acronym that critiqued his tariff retreats.

The Independent UK

Tired and worried, seafarers have been stranded in the Persian Gulf for weeks

Around 20,000 seafarers on hundreds of vessels are stuck in the Persian Gulf, unable to cross the Strait of Hormuz that remains effectively shut by Iran

Fortune

Ceasefire will be indefinite, Trump says, as top economist puts risk of recession at 40% as Hormuz remains closed

Everything you need to know before you reach the office this morning.

AAP

Break in economic data keeps Middle East in focus

Traders will be hoping US President Donald Trump strikes a permanent deal with Iran to keep the Strait of Hormuz open as the clock ticks on a fragile ceasefire.

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Fortune

Iran’s Hormuz whiplash highlights divide within regime as U.S. blockade tightens: ‘The fight between different factions has started’

The Institute for the Study of War said in a note on Friday that the IRGC’s criticism of Foreign Minister Abbas Araghchi is “reflective of broader divisions within the Iranian regime.”

The Conversation

Crypto tolls in the Strait of Hormuz shows why bitcoin thrives in times of crisis

Bitcoin has long been promised to function as money. In practice, it rarely does.

The Conversation

Iran has a powerful new tool in the Strait of Hormuz that it can leverage long after the war

The Trump administration claims its blockade of the Strait of Hormuz is working, with nine ships complying with orders to turn around.

We Got This Covered

‘You weren’t there for us’: So Donald Trump helps Iran choke off the Strait of Hormuz, and now he’s telling the world to figure out their own oil supply

Trump has his own oil problems to worry about.

The Independent UK

Royal Navy fits ship with advanced minehunting drones ahead of possible Hormuz deployment

Donald Trump had demanded allies send warships to the region to help reopen the strait, but Western nations have so far declined to do so

Radio France Internationale

US strikes Iran bases threatening blocked Hormuz oil route

The US military declared on Saturday it had damaged an Iranian bunker housing weapons threatening oil and gas shipments in the Strait of Hormuz, as thousands of Iranians marked Eid al-Fitr with prayer.

International Business Times UK

Trump Administration Eliminated Energy Experts Who Model Oil Market Shocks Ahead Of Iran Strikes — Elevates Risk Of Price Surges

Cuts to US energy offices under the Trump administration are under scrutiny as Iran war strikes rattle oil markets and complicate efforts to manage the global energy crisis.

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