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The Latest Breaking News from Hormuz

Ship escorts to start in Strait of Hormuz "soon," Trump officials say

Scott Bessent made the comments to Sky News as he confirmed the war had cost the U.S. $11 billion thus far.

Axios

Iran vows to fight on in first message issued in name of Mojtaba Khamenei

Tehran will keep strait of Hormuz closed and continue attacks on US assets, speech read out on state TV says

The Guardian - UK

‘Nothing to be afraid of!’ Donald Trump told ships to ‘show some guts’ in Strait of Hormuz, here’s what happened next

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Australian Petrol Prices Set To Skyrocket After Strikes In Strait Of Hormuz

Australians are being warned to brace for higher petrol prices as attacks on ships in the Strait of Hormuz choke global oil supplies.

Pedestrian.tv

US intelligence sees direct attacks by Iran on oil tankers as greater risk than mines

Strait of Hormuz, key transit passage for global oil trade, has been effectively shut down by Islamic Revolutionary Guard

The Guardian - US

Lloyd’s of London stresses it is still insuring shipping in strait of Hormuz

Company at heart of global maritime cover fends off criticism over cancelled policies and sharp price rises

The Guardian - UK

Iran war has blocked the Strait of Hormuz, a vital oil chokepoint. Reopening it is a big challenge

Governments are working on plans to unblock vital oil chokepoint the Strait of Hormuz

The Independent UK

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Iran unleashes intense waves of strikes across Gulf as Hormuz crisis deepens

Iran intensifies missile and drone attacks across the Gulf, hitting near Dubai and Qatar as air defences respond, defying US President Trump’s claims that the war is winding down.

Euronews

Three merchant ships struck as tensions rise in Hormuz strait amid Iran war

Crew of Thai-registered bulk carrier forced to flee fire, as US says it has destroyed 16 Iranian mine-laying vessels

The Guardian - UK

Iran is reportedly laying mines in the Strait of Hormuz—Trump threatens to hit back '20 times harder'

Trump threatened Iran with "military consequences at a level never seen before" after U.S. intelligence found indications the country may be preparing to mine the world's most critical oil chokepoint, CBS reported.

Fortune

Aramco warns of oil market ‘catastrophe’ unless strait of Hormuz reopens soon

Saudi Arabian state oil firm calls crisis by far the biggest but company can reroute 70% of exports via its east-west pipeline

The Guardian - UK

Trump’s ‘free flow of energy’ vow fails to restart shipping in strait of Hormuz

Only two vessels not linked to Iran or Russia have braved ‘chicken run’ since US president’s promise on Friday

The Guardian - UK

Trump Tells Oil Tanker Crews to 'Show Some Guts' Through Strait of Hormuz as Iran Conflict Sends Oil Prices Past $100

President Trump encourages oil tankers to resume operations through the Strait of Hormuz despite safety concerns, as global oil prices surge.

International Business Times UK

Oil prices ‘could breach $100 a barrel within days’ amid supply disruption from Iran war

Warning from Goldman Sachs comes as crude shipping through strait of Hormuz falls further than bank thought

The Guardian - UK

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The Guardian - UK

‘A big burden for farmers’: Gulf shipping crisis threatens food price shock

Iranian blockade of the strategic strait of Hormuz is hitting global fertiliser supply chain

The Conversation

How would the Iran crisis play out in a world powered by renewables not fossil fuels?

Imagine the escalating conflict between the US, Israel and Iran unfolding in a world powered mostly by wind, solar and batteries rather than oil and gas.

The Conversation

Strait of Hormuz: Gulf states’ food security is at immediate risk but wider shortages could push up consumer prices globally

The Iranian regime has announced the closure of the strait of Hormuz and threatened to target ships attempting to transit the narrow waterway. Some have already been damaged. While this could seriously harm global energy supply and raise costs, the consequences actually extend far beyond these markets.

The Conversation

How one massive gas field shapes the global stakes of conflict in the Middle East

The Middle East plays a central role in global energy and therefore global markets. As tensions escalate and the strait of Hormuz, a key trade route, faces disruption, headlines assessing the wider impact of the Iranian conflict often centre on oil and gas supply.

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The Guardian - UK

European stock markets rally after report of ‘secret outreach’ by Iran to try to end war

UK’s FTSE 100 up by more than 50 points, while pan-European Stoxx 600 share index rises 1.2%

The Independent UK

Trump will deploy US Navy to protect oil tankers in Middle East ‘if necessary’

The president also said he was offering government-backed risk insurance for ships passing through the Gulf region

International Business Times UK

Iran Fires on the One Port Designed to Bypass the Strait of Hormuz, and Oil Markets Are Already Reacting

The recent attack on Fujairah's oil facilities highlights the escalating tensions in the Gulf, impacting global oil supply and prices.

The Conversation

The oil price surge is just one symptom of a supply chain network that is not fit for this age of global tensions

The escalating conflict between Iran, the US and Israel has taken a critical turn. The strait of Hormuz – one of the most important shipping routes for oil and gas – is facing significant disruption. The strait is the main route connecting Persian Gulf ports in Iran and some of…

Euronews

Another oil tanker hit by drone boat as Strait of Hormuz tensions rise

An oil tanker has been struck near the Strait of Hormuz, marking another attack in the area that triggered an explosion and left one crew member dead.

The Guardian - UK

Gas prices soar and oil jumps as Iran war pushes down global stock markets

QatarEnergy says it has halted production of liquefied natural gas after attacks on Ras Laffan and Mesaieed sites

The Guardian - UK

Oil price expected to surge after Iran strikes and strait of Hormuz closure

Markets around the world could tumble on Monday and motorists are likely to pay more at the pump

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