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The Latest Breaking News from Hormuz

US-Iran-Oman near interim deal to reopen Strait of Hormuz: Report

The United States is nearing an interim agreement with Iran and Oman. This deal aims to reopen the Strait of Hormuz and restore a ceasefire. The arrangement will govern maritime traffic through the strait for sixty days. Naval mines will be cleared from a key shipping lane within thirty days.…

The Economic Times

Current price of oil as of July 27, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Iran exploring oil sales to Japan, buyers seek longer sanctions waiver, sources say

Iran is currently in discussions with Japanese companies regarding the potential resumption of oil sales, backed by a U.S. sanctions waiver that expires on August 21. Purchasers are advocating for a longer waiver and enhanced protections for shipping, following troubling occurrences in the Strait of Hormuz. Initial conversations are taking…

The Economic Times

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Why is France betting on Oman amid the Hormuz crisis?

After months of crisis in the Middle East, France is looking to build its influence in the region by strengthening relations with Oman – a small country long seen as a quiet, neutral regional player. On his first state visit to France, Sultan Haitham bin Tariq and French President Emmanuel…

France 24

Trump’s affordability crisis hits his supporters hardest as he calls housing bill of ‘minor importance’

A housing shortfall, record home costs and cuts to subsidies are intensifying the US affordability crunch

The Guardian - US

US and Iran enter technical talks to secure peace deal, restart shipping

Technical discussions between the U.S. and Iran are underway in Doha, aiming to secure the Strait of Hormuz shipping lanes and a lasting ceasefire. Mediated by Qatar and Pakistan, the talks follow a recent interim accord, though disagreements persist. Iran seeks recognition of its control over the strait and the…

The Economic Times

Iran shuts door on US peace talks, insists Hormuz stays under its control

Iran has refused to meet with top US envoys, casting doubt on peace prospects. Disagreements persist over a ceasefire and terms for lifting the Strait of Hormuz blockade. While shipping has partially resumed, Iran insists on controlling traffic and imposing tolls, a stance the US opposes. The conflict's impact on…

The Economic Times

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'Catastrophic capitulation': Why US and Israel are the biggest losers in Iran deal

PRESS REVIEW – Thursday, June 18: An Israeli paper slams the US's deal with Iran as a "catastrophic capitulation". While Trump sees the US as the big winner, the press says Iran's chokehold on the Strait of Hormuz shows that it has set a new status quo. Also, EU leaders…

France 24

Leaked Trump-Iran Deal Exposes Secret $300B Payout and 'Strait of Hormuz' Concession, Shattering 'Surrender' Promise

A leaked framework of Donald Trump's Iran deal suggests Tehran could gain a formal role in managing the Strait of Hormuz, sweeping sanctions relief and access to a $300 billion reconstruction fund.

International Business Times UK

Republican Hawks Don't Want an Iran Deal—and Opportunist Democrats Are Helping Them Along

Bipartisan pressure is keeping the war alive.

Reason

Pakistan army chief in Tehran as Iran weighs US peace offer

Pakistan's army chief arrived in Tehran for mediation efforts to end the Middle East war, as Iran considers a peace proposal amid reports of potential new US strikes. Diplomacy continues to secure the Strait of Hormuz, a crucial oil transit route, while fighting persists on the Lebanon front.

The Economic Times

Sensing an edge, Iran 'ready to gamble' it can outlast Trump

Iran's leadership is betting it can outlast an under-pressure Donald Trump in its peace negotiations with Washington, but its defiance risks renewed military confrontation and further stoking domestic tensions, analysts say.in Tehran that Trump and Israel could no longer wield the threat of military action to pressure the leadership.

The Economic Times

Trump may be using Nixon’s ‘madman theory’ – and similar infamy may await

Nixon’s Vietnam strategy appears at play in Trump’s Iran threats, but he may want to ponder the ex-president’s fate

The Guardian - US

Trump urged in desperate, 11th-hour pleas not to go through with Iran ‘civilisation will die' threat

The US president has threatened to destroy power plants and bridges in Iran if Tehran does not reopen the Strait of Hormuz

Evening Standard

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The Independent UK

‘Not Nato’s war’: Germany and UK reject Trump’s call for help in Strait of Hormuz

US president says he is ‘not happy’ with Keir Starmer and Friedrich Merz, who say the conflict is ‘not a matter’ for Europe or their governments

The Independent UK

Starmer tells Trump: UK will not be dragged into wider war on Iran

Prime minister says UK is working with allies on a plan to reopen the Strait of Hormuz but admits ending blockade is not ‘straightforward’

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