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The Latest Breaking News from Hormuz

Chevron's CEO says oil prices are still too low—and the effects of the Strait of Hormuz closure are not 'fully priced in'

“Physical supply changes don’t respond immediately,” said Wirth. “Even when strait reopens at some point, it will take time.”

Fortune

Trump proposes extraordinary ‘joint leadership’ of Iran alongside ayatollah

The US president made the bizarre suggestion when speaking to reporters that both he and ‘the new ayatollah’ could also control the Strait of Hormuz

The Independent UK

‘Stop this savage being’: Iranians fear postponed Trump attack is merely disaster delayed

Some inside Iran believe threat was designed to divert attention from desire to seize islands in strait of Hormuz

The Guardian - UK

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Kevin O'Leary Predicts the Strait of Hormuz Crisis Will be Resolved in The Next 30 Days

Kevin O'Leary discusses the potential resolution for the Strait of Hormuz blockade and its impact on global oil prices and the US economy.

International Business Times UK

Afternoon Update: IEA chief warns oil shock worse than 1970s crises combined; ABC staff to strike; and a ‘feline Oscars’ star

International Energy Agency executive director, said world leaders had not properly understood the consequences of the strait of Hormuz’s closure

The Guardian - AU

US-Iran war latest: Tehran calls US peace talk claims ‘fake news’ as Trump sets new deadline to end war

Donald Trump says the US and Iran have held talks about a ‘total resolution of hostilities’

The Independent UK

Trump to Iran: Open Hormuz in 48 hours or U.S. bombs power plants

A day earlier, Trump floated winding down the war.

Axios

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‘Nobody else is responsible’: Trump to blame for Iran crisis, ex-CIA chief says

Leon Panetta calls president ‘naive’ over strait of Hormuz closure and says ‘the chickens are coming home to roost’

The Guardian - US

Iran Says Hormuz Open To All but 'Enemy' Ships After Trump Ultimatum

The announcement comes amid escalating tensions over the strategic chokepoint, through which roughly 20 per cent of the world's crude oil and liquefied natural gas normally flows.

International Business Times

Trumpiana: Yankee Doodle’s poodles go noodles!

Donald Trump expressed "epic fury" at NATO allies for refusing to join the Iran war, branding them "cowards" and warning "we will REMEMBER!" He threatened to wind down U.S. military efforts in the Middle East, stating the U.S. was close to its objectives and that the Strait of Hormuz would…

The Times of India

How the closed Strait of Hormuz poses an existential threat to Asia’s economic engine

“Asia is at the heart of this drama."

Fortune

Trump news at a glance: president blasts Nato allies amid reports US will send more troops to Middle East

Trump called alliance members ‘cowards’ for not wanting ‘to help open’ the strait of Hormuz; more than a dozen nations later made vague offer to help

The Guardian - US

Trump Dismisses Ceasefire Talk and Claims Strait of Hormuz Will Unblock on Its Own

US President Donald Trump completely rejected a Middle East ceasefire while warning that the blocked Strait of Hormuz will eventually open itself amid soaring energy prices.

International Business Times UK

Donald Trump ‘very surprised’ Australia declined to send troops to strait of Hormuz amid fuel crisis

US president claims he ‘always says yes’ to Australia, Japan and South Korea, after saying he didn’t need help from trio of countries earlier this week

The Guardian - AU

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Axios

Trump considers "winding down" Iran war without opening Hormuz Strait

This would end the U.S. war effort, but not the global energy crisis the war created.

The Guardian - UK

Anger grows among UK ministers amid fears Iran war could jeopardise Britain’s fragile finances

Some in cabinet in despair over possible impact of war begun by Donald Trump, who branded Nato allies ‘cowards’

The Independent UK

Trump calls Nato ‘cowards’ over lack of action to reopen Strait of Hormuz

Mr Trump said the alliance was a ‘paper tiger’ without the US.

The Independent UK

Trump ‘considers risky ground offensive to free Strait of Hormuz’ after branding Nato ‘cowards’

Oil and gas prices have spiked due to Iran’s blockade of the Strait of Hormuz - and the US president has attacked Nato for not helping end it

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The Guardian - UK

‘Not our war’: Gulf states weigh up options as existential threat from Iran conflict grows

Arab states have so far only acted defensively, but there is growing fear war is entering new, more dangerous phase

The Guardian - UK

Trump hints at wind down of war as US prepares to send more troops to Gulf

Washington considers Kharg Island takeover as Donald Trump calls Nato allies ‘cowards’ for refusal to ‘help open’ strait of Hormuz

The Guardian - US

US may remove sanctions on Iranian oil stranded in tankers, treasury secretary says

Scott Bessent says actions will increase oil supply and bring down prices, but long-term effects in question

Axios

Seven U.S. allies back potential Strait of Hormuz coalition

The U.K. led the charge, but the statement is only symbolic for now.

The Conversation

Can British drones help secure the strait of Hormuz for international shipping?

After pressing allies for support – and being rebuffed – US president Donald Trump now insists that the United States can reopen the Strait of Hormuz alone. However, this would focus the risk on US forces and stretch limited naval resources.

The Guardian - UK

‘Waiting for days’: India feels impact of gas supply chain disruption amid Iran conflict

People struggle to cook and businesses bear brunt as closure of strait of Hormuz slows imports of liquefied petroleum gas

The Guardian - UK

UK says it remains in talks over escorting ships through strait of Hormuz

Officials say military planners liaising with US Central Command but situation remains too dangerous for anything to happen soon

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