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The Latest Breaking News from Hormuz

How a vague clause in Trump’s peace deal led to anarchy in the Strait of Hormuz

IN FOCUS: The global economy is facing uncertainty after the resumption of hostilities between the US and Iran. Experts tell Maira Butt that negotiators must go back to the drawing board on the Strait if disruption is to be avoided

The Independent UK

Goldman says Hormuz flare-up may delay recovery in oil supplies

Renewed tensions between Washington and Tehran have impacted global energy markets significantly. Ship traffic through the strait has nearly halted after recent attacks and exchanges. Flows through the Persian Gulf have retreated closer to seventy percent of normal.

The Economic Times

Europe considering proposals to allow navigation fees in strait of Hormuz

Plans specify tolls must not be compulsory as US officials urge Iran to make public guarantee of safe passage for shipping

The Guardian - UK

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US issues fresh Iran-related sanctions as conflict flares

The United States has imposed new sanctions on Iran's financial networks. These sanctions target a key financier for Mojtaba Khamenei and other individuals. This action follows recent attacks on commercial oil tankers in the Strait of Hormuz. The United States aims to disrupt Iran's access to foreign currency and international…

The Economic Times

The US can’t win with force in the Strait of Hormuz – Iran must be offered a realistic incentive to settle

Iranian attacks on Gulf vessels trying to transit via Omani sovereign waters have once again pulled the region into a tit-for-tat spiral of escalation.

The Conversation

Trump’s Penrose stairs in Iran: Why ‘finishing the job’ is so hard

US President Trump's Iran strategy faces persistent challenges and limited strategic gains. Iran retains leverage through its ability to disrupt the Strait of Hormuz. Military strikes have not fundamentally altered Iranian behavior or political calculations. Escalation carries significant risks of wider retaliation and economic pressure. The current situation suggests a…

The Economic Times

US and Iran trade escalating strikes as supreme leader is buried after days-long funeral

Renewed attacks the largest since an interim memorandum was signed this June, with Trump saying fragile truce is ‘over’

The Guardian - UK

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Are US-Iran headed back to war? What next after Trump's new threats

US President Trump's comments have intensified the US-Iran crisis with new threats. He is now considering attacks on Iran's power and water infrastructure. Iran has vowed a strong response to any aggression against its sovereignty. Gulf states are likely to push for renewed diplomatic negotiations between both nations. The situation…

The Economic Times

Oil Prices Slide as Markets Bet on Hormuz Normalization

Brent and WTI oil prices are on track for their worst quarterly losses since 2020, with Brent trading at around $73.30 per barrel and WTI at $71.11 per barrel during the June 30 session, down 38% and 30% respectively.

inkl

Saudi Arabia Reportedly Considering Move To Reduce Its Reliance On Hormuz Strait As Iran Seeks To Tighten Its Grip

Saudi Arabia is reportedly considering expanding its pipeline to the Red Sea to reduce its reliance on the Hormuz Strait.

International Business Times

Three tankers hit in latest attacks in the Strait of Hormuz, British military says

Three tankers were struck in the Strait of Hormuz on Tuesday, the British military said, in a sharp escalation of attacks on commercial shipping through the vital waterway at the mouth of the Persian Gulf.

France 24

Iran to impose new service fees in Hormuz, reserves special treatment for 'friendly' nations

Iran's ambassador to China announced new service fees for ships transiting the Strait of Hormuz, despite US objections. Ambassador Abdolreza Rahmani Fazli stated these fees would cover security, supervision, and environmental concerns, with "friendly" nations receiving special consideration. This comes after Iran lifted its blockade of the vital waterway following…

The Economic Times

France Deploys Naval Forces To Middle East To Support Europe’s Hormuz Policy Pivot

France has decided to bolster its naval forces in the Persian Gulf to secure navigation in one of the world’s most critical shipping routes, which handles about 20% of global oil and gas supplies.

Benzinga

Tankers make U-turns in Hormuz, with some taking Iran route instead

Tensions are high in the Persian Gulf as at least eight ships, including oil tankers, reversed course near the Omani coast, signaling Iran's continued assertion of control over the Strait of Hormuz. Despite a US-Iran deal to reopen the waterway, vessels report warnings from Iranian forces. While traffic has increased,…

The Economic Times

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Euronews

Iran renews Hormuz threats as Doha talks end with cautious progress

Tehran threatened a "forceful response" against vessels straying from its approved Hormuz routes, even as mediators said indirect US-Iran talks in Doha concluded with "positive progress". The next round of talks will wait until after Ayatollah Ali Khamenei's funeral, which begins on Saturday.

The Economic Times

European nations now believe some Hormuz fees are inevitable

Leading European nations now acknowledge potential fees for ships transiting the Strait of Hormuz, a shift in stance following the US-Iran conflict. While some Gulf Arab officials privately agree, the US and Gulf states maintain that no charges should be imposed. European countries are urging non-discriminatory fees and pushing for…

The Economic Times

Iran rejects US-led Gulf security summit, says Hormuz is under its command

Iran has sharply criticized a US-led security summit in Bahrain, asserting that the Strait of Hormuz falls under Tehran's command, not American authority. Deputy Foreign Minister Kazem Gharibabadi dismissed the summit's legitimacy, stating that regional security must be managed by neighboring states without foreign military intervention. The meeting, attended by…

The Economic Times

US-Iran talks end without breakthrough as Tehran's nuclear prowess stays off the table

Indirect talks between Iran and the US concluded without significant progress on lasting peace, focusing instead on resolved issues like maritime traffic in the Strait of Hormuz and unfreezing funds. While President Trump expressed optimism about nuclear program discussions, sources indicated this topic wasn't addressed. The next meeting is scheduled…

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France 24

US-Iran Qatar talks show progress, Trump says, as both sides set up hotline

US President Donald Trump said on Wednesday indirect talks with Iran in Qatar were making progress, signalling diplomacy remained on track despite recent hostilities. Iran later said the talks had ended with agreement to establish a communication channel by Thursday to report and document violations of their initial memorandum of…

The Economic Times

Iran insists on keeping control over Hormuz: Report

Iran is determined to gain international recognition for its control over the Strait of Hormuz, including the right to levy fees on ships. Despite an interim deal with the U.S. allowing free passage for 60 days, Tehran insists on permanent control and will not negotiate other disputes until this is…

The Independent UK

Now Iran is mocking Trump over the Strait of Hormuz

IN FULL

The Economic Times

Iran and Oman push Strait of Hormuz fee proposal despite Washington opposition

Iran and Oman are pushing for payments from ships transiting the Strait of Hormuz, a move opposed by Washington. This proposal, inspired by the Straits of Malacca and Singapore, aims to fund maritime safety. While Oman frames it as voluntary service fees, Iran insists on mandatory tolls. A temporary peace…

The Economic Times

Strait of Hormuz: Strategic chokepoint in shadow of geopolitics

The Strait of Hormuz, a key chokepoint for the global trade of crude oil and liquefied natural gas, is at the centre of disputes in negotiations to end the Middle East war, even after the US and Iran signed a preliminary deal. About one-fifth of consumption of global oil and…

Bangkok Post

Trump says Iran meeting to take place in Qatar

TEHRAN - US President Donald Trump said Iran has requested a meeting that will be held in Qatar on Tuesday, despite Tehran earlier denying that any technical talks on the deal aimed at ending the Middle East war were planned.

The Economic Times

Why India stayed resilient through the Hormuz crisis

India successfully navigated the Strait of Hormuz closure, ensuring energy security for its citizens. Despite a significant drop in West Asian LPG supplies, domestic production was ramped up, and new international sources were secured. Price disruptions were mitigated through government subsidies and excise duty cuts, keeping fuel costs significantly lower…

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