The Latest Breaking News from Hormuz

Strait of Hormuz, uranium and oil prices: The three issues now standing between Trump and an Iran war deal

Efforts to resolve the US-Iran war are heavily influenced by Iran's nuclear program and shipping routes. The Strait of Hormuz plays a crucial role in international energy markets and potential ceasefire terms. US officials demand significant action from Iran before agreeing to negotiate peace, particularly regarding its uranium enrichment. Meanwhile,…

The Economic Times · 5h ago

Strait of Hormuz 'Danger Pay': Ship Captains Offered $100K a Month Plus $50K per Trip To Risk Attacks

Tanker captains can earn up to $100,000 a month plus $50,000 per Strait of Hormuz transit as attacks push up danger payments, freight rates and insurance costs.

International Business Times UK · 15h ago

Iran threatens pre-emptive strikes as US questions who runs Tehran

Iran's army spokesman said Tehran's forces were prepared to strike first "should circumstances require it," while IRGC officials claimed tighter control of Hormuz, and Washington publicly pondered how much authority Pezeshkian and Araghchi actually wielded.

Euronews · Oct 7

Iran offers 7-day plan to reopen Hormuz: What’s in the proposal

Iran has offered the United States a seven-day plan to reopen the strategic Strait of Hormuz and resume stalled talks on its nuclear programme, with foreign minister Abbas Araghchi saying the next move now rests with Washington.

The Times of India · Sep 25

Crude Prices Slip in Hopes of Diplomacy Reopening the Strait of Hormuz

November WTI crude oil (CLX26 ) is down -0.58 (-0.61%) today, and November RBOB gasoline (RBX26 ) is down -0.0826 (-2.48%). Crude oil and gasoline prices are sliding today in hopes that negotiations between the US and Iran will lead to a deal to reopen the Strait of Hormuz. Weakness...

Barchart · Sep 25

Iran Foreign Minister Aragchi offers seven-day plan to end conflict, open Hormuz and restart peace talks

Iran's foreign minister Syed Abbas Araghchi has presented a seven-day plan to restore peace in West Asia. This proposal aims to reopen the Strait of Hormuz and initiate talks regarding Iran's nuclear program. Araghchi emphasized the necessity of ending US intervention for regional security and voiced concerns about aggression affecting…

The Economic Times · Sep 25

War Could Widen: Iran mentions Indian Ocean front; says Hormuz stays shut

Iran issues a cautionary note that further aggression from the US or Israel risks widening the conflict, potentially stretching from the Persian Gulf to the Indian Ocean. Major-General Yahya Rahim Safavi reveals that the Iranian military is preparing for any worst-case scenarios. The Revolutionary Guard Corps hints at adapting military…

The Times of India · Sep 24

Shipping traffic via Strait of Hormuz stays lower than 10-day average, data shows

On Wednesday, ten commodity vessels traversed the Strait of Hormuz, slightly increasing from the previous day's count. This number remains below the ten-day moving average of about seventeen vessels conducting trade. Additionally, nine vessels were recorded entering the strait while one vessel carrying fertilizer exited. The article highlights ongoing tensions…

The Economic Times · Sep 24

Putin, Saudi crown prince discuss safe passage through Hormuz, Bab el-Mandeb

Russian President Vladimir Putin and Saudi crown prince Mohammed bin Salman discussed the need to ensure safe passage through the Strait of Hormuz and Bab el-Mandeb during a phone call on Tuesday, the Kremlin said, as disruptions to the key waterways continue to affect regional oil flows and global trade.

The Times of India · Sep 22

Qatar rules out Hormuz pipeline bypass and reshapes its sovereign wealth strategy

Qatar said a gas pipeline to bypass the Strait of Hormuz would make no economic sense. It also launched a new investment platform to manage QIA’s domestic holdings and outlined more than $60bn in investment opportunities, in a major reshaping of its sovereign wealth strategy.

Euronews · Sep 21