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The Latest Breaking News from Hormuz

New Hormuz security mechanisms developed with Oman: Iran's Foreign Ministry, says US violations block safe waterway

Iran and Oman are developing new mechanisms to monitor shipping safety through the Strait of Hormuz. Discussions between Tehran and Muscat are progressing smoothly and constructively on this matter. These mechanisms will cover shipping, environmental issues, maritime services, and crime combating. Iran states the Strait remains unsafe due to ongoing…

The Economic Times

Iran's supreme leader appoints Guards general as military head

Iran's Supreme Leader Mojtaba Khamenei appointed Revolutionary Guards General Ali Abdollahi to the top post of the country's armed forces on Monday, while also confirming a new commander of the Guards. Earlier, Iran said the Strait of Hormuz would remain closed until the US met certain demands made by Tehran.…

France 24

Iran vows to keep Strait of Hormuz closed until US meets demands

Iran’s Revolutionary Guards said Sunday that the Strait of Hormuz would remain closed until the US meets Tehran’s demands, including an end to sanctions and compensation for war damage. The blockade of the crucial energy route has rattled markets and pushed up prices, while President Donald Trump said he was…

France 24

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No more strikes on Iran? Trump says US going 'low key', stresses economic pressure over military op

US President Donald Trump said Sunday that the US is taking a low-key approach towards Iran and is not currently looking to launch a new military offensive, even as tensions over the Strait of Hormuz continue.

The Times of India

Netanyahu rejects Trump’s Gaza plan and vows no withdrawal until Hamas disarms – as it happened

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The Guardian - UK

Iran Guards say won't reopen Hormuz without US meeting all Tehran's conditions

Iran's Revolutionary Guards will not reopen the Strait of Hormuz until its conditions are met. These demands include compensation for war damages and an end to aggression. Attacks in the waterway have caused significant transit drops and international condemnation. Mediators urge both sides to return to peace talks and a…

The Economic Times

Netanyahu rejects US-backed Gaza plan as Trump board head calls it 'only way forward'

A US-backed plan for Gaza remains the “only way forward” to prevent a repeat of Hamas’s October 7, 2023 attack, a senior official overseeing the proposal said Sunday. The comments came after Israeli PM Benjamin Netanyahu rejected the 15-point plan for Gaza and stressed that the Israeli military would not…

France 24

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US redirects 53 vessels under Iran blockade, CENTCOM says

US CENTCOM redirected fifty-three commercial vessels and boarded two ships. Over thirty ships were permitted passage for humanitarian aid purposes. Sailors maintain F/A-18E Super Hornets aboard USS Abraham Lincoln for readiness. US Vice President JD Vance discussed efforts for safe passage through the Strait of Hormuz. Washington continues to pressure…

The Economic Times

Iran issues tough demands to reopen strait of Hormuz as deal still out of reach

Tehran urges US to ‘correct its behaviour’ as UAE says one of its ships targeted by Iranian missile

The Guardian - UK

Hormuz uncertainty pushes landed costs up to 50%, raising risk of higher consumer prices

The escalating unrest near the Strait of Hormuz is causing a notable spike in shipping expenses for businesses in India. An increase in freight rates and additional war-risk charges are complicating overall costs, which are now trickling down to consumers.

The Economic Times

Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s why

Oil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and imposing penalties for violations. Crude oil prices saw increases on Thursday and Friday. Analysts warn of significant price hikes if disruptions continue for months. Supply outside the conflict zone…

The Economic Times

Proposed Hormuz passage deal not feasible for shipping industry, sources say

A proposed Iran-Oman deal for Strait of Hormuz control faces significant challenges. U.S. sanctions and restrictive insurance clauses impede workable payment mechanisms for transit. Iran seeks fees between five and seven percent of cargo value for passage. Oman discusses fees around three percent, while Washington opposes any charges. Shipping companies…

The Economic Times

Iran's Acting Defence Minister says forces ready for any threat amid US tensions

Iran's defense minister stated the nation's armed forces are fully equipped for any threat. He asserted Iran's indigenous technology surpasses regional military hardware. US President Donald Trump issued new warnings of military action against Iran. Trump claimed discussions were ongoing for the Strait of Hormuz reopening. Iran's foreign ministry spokesperson…

The Economic Times

Iran and Oman Say Hormuz Shipping Deal Is 'Close' as Trump Signals Breakthrough This Week

Iran and Oman are finalising a shipping deal in the Strait of Hormuz, potentially challenging US influence. The agreement includes discussions on environmental, legal, and security aspects, with Tehran insisting on passage fees.

International Business Times UK

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The Economic Times

Iran and the US say a Strait of Hormuz deal is close, but one or both would have to back down

Iran and Oman are finalizing an agreement concerning the Strait of Hormuz. This potential deal could reopen the vital waterway and ease global economic pressures. U.S. President Donald Trump indicated a deal might be announced this week. Attacks on regional shipping continue, impacting oil prices and trade routes. Meanwhile, a…

Benzinga

Trump Says Hormuz Deal Could Come Within 48 Hours: Do Prediction Markets Back Him Up?

President Donald Trump said Tuesday night that Strait of Hormuz negotiations are “moving along very nicely” and promised an answer within 48 hours. Traders on Polymarket are pricing a wide gap between hearing an announcement and seeing ships move.

The Economic Times

Proposed Hormuz deal would give Iran control of inbound traffic, sources say

Despite the apparent step towards yielding to Iranian demands, the sources pushed back against assertions by U.S. President Donald Trump that a deal reopening the strait was imminent, saying important details still had to be agreed.

The Conversation

How trains can transform Persian Gulf politics and global security

The crisis in the Strait of Hormuz, wider tensions in the Red Sea and the oil price spikes these circumstances occassion have made one thing abundantly clear: Gulf countries and global markets are dependent on vulnerable maritime routes.

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The Independent UK

Iran-US war latest: Trump claims Strait of Hormuz is ‘sort of open’ and predicts Tehran will seek peace soon

US president tells reporters in Oval Office: 'I don't think they [Iran] can go much longer'

The Economic Times

US-Iran talks: Rubio says progress made on Strait, nuclear deal

US Secretary of State Marco Rubio detailed negotiations with Iran on two key objectives. These talks focus on reopening the Strait of Hormuz for safe maritime navigation. The ultimate goal remains the complete denuclearization of Iran, which is a long-term objective. Mediated by Oman, progress has been made in these…

The Guardian - UK

Iran’s president denies threatening to resign during talks over strait of Hormuz

Masoud Pezeshkian dismisses talk of internal rift as hardline Assembly of Experts call US negotiations ‘futile’

Benzinga

S&P 500 Hits Record Highs, Palantir Jumps 27%: Stock Market Today

U.S. equities powered to fresh record highs by midday Tuesday as blowout guidance from Palantir Technologies Inc. (NASDAQ:PLTR) and a Caterpillar Inc. (NYSE:CAT) earnings beat reignited the AI trade, while crude oil tumbled more than 5% on growing conviction that a deal to reopen the Strait of Hormuz is days…

The Guardian - UK

US and Qatar report progress on Iran ceasefire and reopening Hormuz strait

Optimism echoes Trump’s claims on Monday that deal is close as mediators say they are exchanging proposals

The Independent UK

Iran-US war latest: Trump warns Tehran will be ‘hit very hard’ unless Hormuz reopens

Trump said the agreement would include reopening the Strait of Hormuz and address Iran’s nuclear program

The Economic Times

Oil ticks up after selloff as talks to end US-Iran war remain uncertain

Oil prices saw a slight rebound on Tuesday after earlier declines. Concerns over Middle Eastern supply remain high due to U.S.-Iran tensions. Diplomatic resolution to the conflict appears unlikely at this time. Shipments through the Strait of Hormuz continue to face risks. Market analysts note the fragility of current price…

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