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The Latest Breaking News from Hormuz

Vance leaves shippers in the dark on potential Iran Hormuz tolls

US officials emphasize keeping the waterway open and believe regional neighbors will oppose tolls.

The Economic Times

Trump news at a glance: Vance uses US weaponry barbs to scold Israeli critics of Iran deal

Vice-president says Israeli cabinet members shouldn’t attack the country’s ‘only powerful ally’ left; Iran says it will impose fees on strait of Hormuz – key US politics stories from Thursday 18 June

The Guardian - US

Iran announces plans to bring in maritime fees for strait of Hormuz

As US lifts its blockade, Tehran says fees to cover cost of managing waterway will come into effect at end of 60-day negotiation period

The Guardian - UK

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Brent crude oil price touches pre-Iran war lows after ceasefire deal

Oil prices have fallen significantly. This is due to a preliminary agreement between the United States and Iran. The deal aims to reopen the Strait of Hormuz and lift sanctions. This is expected to boost global oil supply. Analysts anticipate a gradual recovery in oil flows. Some experts believe prices…

The Economic Times

Bank of England governor warns UK public to expect higher costs this year

Andrew Bailey says ‘inflationary pressure in pipeline’ despite US and Iran signing initial peace deal as interest rates kept on hold

The Guardian - UK

First signs of LNG traffic return emerge at Strait of Hormuz with a relief for Pakistan

An LNG tanker loaded in Qatar is approaching the Strait of Hormuz, signalling a possible revival in traffic after a temporary US-Iran peace deal. The vessel, Mraikh, has been stranded in the Persian Gulf since February and is now headed toward Pakistan. The move comes as Trump announced a deal…

The Economic Times

Trump signs Iran peace plan, claiming deal averts ‘worldwide depression’

Details of the 14-point agreement revealed as senior US officials claim ‘major win’ despite significant concessions to Tehran

The Guardian - UK

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Threat Level In Strait Of Hormuz Reduced To 'Substantial' After U.S.-Iran Deal

A naval coalition downgraded the threat level in the Strait of Hormuz following the agreement between the U.S. and Iran.

International Business Times

UAE Working On Plan To Eliminate Reliance On Hormuz Strait To 'Zero' After War

The UAE is seeking to eliminate its reliance in the Strait of Hormuz to export energy following the war in Iran.

International Business Times

I’ll resume bombing if Iran acts up, Trump warns after criticism of deal

At G7 meeting in France, president angrily rejects suggestions US will contribute to $300bn fund for Iran

The Guardian - UK

Hormuz reopening seen unleashing pent-up Gulf grain demand

The region relies heavily on imported food. A rush of grain is expected to reach these nations.

The Economic Times

Oil slides and bond yields down on Iran supply hopes

Crude has fallen below $US80 and bond yields are lower on optimism about Iranian oil hitting the market, while stocks have been steady as chip selling eases.

AAP

Energy firms brace for ‘new era’ despite Hormuz deal

The world’s oil and gas majors have high hopes for a quick reopening of the Strait of Hormuz, but they have few illusions about a return to normal for the Gulf energy industry after more than three months of blockage.

Bangkok Post

German president says Europe is worried over tensions in the disputed South China Sea

German President Frank-Walter Steinmeier says Europe is worried over tensions in the disputed South China Sea that could endanger freedom of navigation as happened in the Strait of Hormuz

The Independent UK

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The Economic Times

Russia should make peace deal, Trump says after 'very good' Zelenskiy meeting

US President Donald Trump called for Russia to strike a peace deal with Ukraine. He met with G7 leaders and Ukrainian President Volodymyr Zelenskyy. European diplomats aim to convince Trump that Ukraine's position has strengthened. They also want to discuss Iran's nuclear program and maritime security in the Strait of…

The Economic Times

Iran says talks on final US deal to begin this week

Iran and the United States are set to begin crucial nuclear and sanctions relief talks this week. An agreement to end a recent war is expected to be signed soon. Negotiations will focus on Iran's nuclear program and the lifting of sanctions. The Strait of Hormuz is anticipated to reopen,…

The Economic Times

Trump's Iran accord offers exit from war and fresh political risks

A landmark agreement has been reached between the Trump administration and Iran to end their conflict and reopen the Strait of Hormuz. This development offers global market relief. However, the deal faces internal Republican opposition and skepticism from allies. Gas prices are expected to fall but remain elevated. The accord's…

The Economic Times

Is the Iran war just an energy shock - or a turning point?

A potential U.S.-Iran peace deal to reopen the Strait of Hormuz could signal a watershed moment for global energy markets, moving beyond a temporary blip. While immediate relief is expected, the long-term impact hinges on consumer and government behavior shifts towards renewables and EVs, potentially challenging fossil fuel dominance.

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The Guardian - UK

Trump declares US-Iran peace deal ‘all signed’ as G7 leaders battle to tie up loose ends

US president says strait of Hormuz will be open from Friday but questions remain over waterway fees and Israeli breaches of ceasefire in Lebanon

The Economic Times

School assembly news headlines for June 16: Top national, international, business, sports update and thought of the day

India and Slovakia elevate ties to a comprehensive partnership. A rival tutor accuses Khan Sir of murder. Delhi census Phase 1 records over 2.3 crore people. US manufacturing output remains unchanged. France and UK seek Hormuz deployment if a US-Iran ceasefire holds. Neeraj Chopra returns to action at the Doha…

Euronews

EU leaders welcome US-Iran deal to end war as Macron says mission to aid Hormuz reopening 'ready'

The US and Iran said they had reached a deal to end the war on all fronts, including Lebanon, and reopen the vital Strait of Hormuz, though they offered few details about Tehran's nuclear programme.

The Guardian - UK

Oil prices hit three-month low and markets reach record high amid Iran deal breakthrough

Donald Trump posts ‘Let the oil flow’ as US-Iran peace deal sparks immediate drop for Brent crude

The Guardian - AU

Iran ‘agreed to never have a nuclear weapon’, says Trump – as it happened

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The Economic Times

Indian LNG tanker crosses Strait of Hormuz as US-Iran deal lifts reopening hopes

An LNG tanker has successfully navigated the Strait of Hormuz. This marks a significant step following a peace agreement between the United States and Iran. The waterway's reopening is crucial for global energy supplies. India, a major importer, anticipates relief. Traders and shipowners are closely monitoring the situation for a…

The Guardian - UK

Anger among Iranian hardliners at terms of deal agreed with US

Those in favour forced to defend themselves against claims the terms amount to capitulation

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