The Latest Breaking News from Hormuz

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 · Jul 8

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 · Jul 7

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 · Jul 7

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 · Jul 2

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 · Jul 2

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…

The Economic Times · Jul 2

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…

France 24 · Jul 1

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 Economic Times · Jul 1

Now Iran is mocking Trump over the Strait of Hormuz

IN FULL

The Independent UK · Jul 1

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 · Jul 1