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The Latest Breaking News from Hormuz

Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Cargo ship attack near Oman lifts crude prices

Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Oil prices gained more than 2% after a cargo ship was struck near Oman, raising concerns over crude shipments through the Strait of Hormuz. Brent and US WTI crude futures moved…

The Economic Times

US says wants deal with Iran, but not 'at any price'

MANAMA - Top US diplomat Marco Rubio said Thursday that there were limits to what Washington would accept in any deal with Iran, warning that permitting Tehran to charge fees in the Strait of Hormuz would open the door to "total chaos".

Bangkok Post

Rubio warns Hormuz tolls would 'spread like contagion' to other waterways

US Secretary of State Marco Rubio warned that imposing tolls on ships in the Strait of Hormuz would lead to "total chaos," a stance reiterated by Oman which stated no fees would be levied. Iran, however, insisted on its authorization for passage and appeared to criticize Oman's new shipping route.…

The Economic Times

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Crude oil prices crash 42% from April’s $126 peak. More downside coming?

Global oil markets are stabilizing after months of turmoil caused by the Strait of Hormuz closure and war damage. Crude prices have plummeted 42% from their April peak, with Brent falling below $73 a barrel, signaling a return to pre-conflict levels

The Economic Times

Iran-US war latest: Tehran strikes ship in Strait of Hormuz as countries try to reopen oil route

The recent strike poses a threat to efforts to reopen the Strait

The Independent UK

Oil Price Today (June 25): Crude oil erases Iran war gains as Hormuz traffic boosts supply. What are experts saying?

Brent crude has slipped below $73 a barrel for the first time since February 27, 2026. It had hit a high of $126 per barrel on April 30 and is down 42% from those levels.

The Economic Times

Oil Price Today (June 24): Crude oil near 4-month low as more tankers pass through Hormuz. What are experts saying?

Oil prices extended their decline on Wednesday, hovering near the four-month lows touched in the previous session, as signs emerged that more oil tankers stranded in the Gulf since the start of the Iran conflict are preparing to move through the Strait of Hormuz.

The Economic Times

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From Hormuz to the cockpit: How warfare and criminal activity undermine GPS and the race to safeguard navigation

Few people want to get lost when traveling. But if there are places where being lost feels especially unsettling, they tend to be the sea, desert and sky. These environments share a defining feature: the absence of distinctive visual cues. Where horizons blur, landmarks disappear and every direction can look…

The Conversation

Global shares tumble after US tech sell-off; UK services sector shrinks at fastest pace since 2023 – as it happened

US stock futures point to lower Wall Street open; British grocery inflation slows to 3%, says Worldpanel, while heatwave boosts sales of suncare and syrups for water amid #WaterTok trend

The Guardian - UK

‘Compound shock effect’: why the Middle East crisis and El Niño could spell disaster in south-east Asia

Millions of tonnes of the world’s food could be lost amid the uncertainties surrounding the strait of Hormuz and the dangers of a ‘Godzilla-strength’ El Niño

The Guardian - AU

The Strait of Hormuz's future is unsettled even as more ships venture through

Ship traffic has picked up in the Strait of Hormuz since Iran and the U.S. signed an interim deal to end a war that's constricted global oil supplies

The Independent UK

Oil Price Today (June 23): Crude oil near $78 per barrel as investors track flows through Hormuz. What’s next?

Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel, while U.S. West Texas Intermediate gained 33 cents, or 0.46%, to $74.19 a barrel as of 0026 GMT.

The Economic Times

'The Strait of Hormuz Is Not Your Personal Casino': Iran Mocks Trump After Fresh Threat

Iran and Trump trade sharp threats over the Strait of Hormuz as tensions rise, with fiery exchanges over sovereignty, oil security, and regional military escalation.

International Business Times UK

Trump tore up Obama's Iran deal. His own version now faces the Hormuz & Lebanon test

US President Donald Trump spent years attacking Barack Obama’s Iran nuclear deal. He called it weak, dangerous and one of the worst agreements America had ever signed.

The Times of India

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Barchart

Hormuz Status, MU Earnings and Other Key Things to Watch this Week

Thursday delivers an economic data convergence with Q1 GDP revision, May Core PCE, durable goods orders, and initial jobless claims all at 8:30am, providing comprehensive economic assessment. The week features critical semiconductor earnings from Micron (MU) Wednesday and FedEx (FDX) Tuesday testing chip demand and logistics health.

The Guardian - UK

US-Iran talks strained as Trump threats spark Iranian walkout

Talks expected to continue for the rest of the week despite disruption caused by US president’s threat to bomb Iran and kidnap negotiating team

The Guardian - UK

Trump threatens Iran after JD Vance hails ‘great progress’ made in Switzerland talks – as it happened

US president says in social media post ‘we’ll hit Iran very hard again’ if it does not stop its ‘proxies in Lebanon’

France 24

Iran says closed Strait of Hormuz as US deal hits obstacle ahead of Swiss talks

Iran said Saturday it had closed the Strait of Hormuz in response to Israel’s military campaign in Lebanon, while warning that upcoming talks with the United States in Switzerland are unlikely to advance unless the fighting stops. President Donald Trump countered by threatening US-imposed tolls on shipping through the strategic…

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The Guardian - UK

What could US-Iran peace deal mean for UK household costs?

The impact on petrol and food prices, energy bills and mortgages if the truce holds and strait of Hormuz reopens

Fortune

The U.S. and Iran have signed a peace deal. How long will it take for oil flows in Asia to return to normal?

Even with the Strait of Hormuz open, it will take months for oil flows and prices to return to pre-war levels.

The Economic Times

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 Guardian - US

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 - UK

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 Economic Times

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 Guardian - UK

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

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