The Latest Breaking News from Hormuz

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 · Jun 18

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 · Jun 18

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 · Jun 18

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 · Jun 17

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 · Jun 17

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 · Jun 17

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 · Jun 16

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 · Jun 16

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 · Jun 16

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 · Jun 16