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The Latest Breaking News from Hormuz

Could a UN-backed plan to reopen Hormuz break the deadlock?

In this week’s Fortune Gulf Brief.

Fortune · Aug 4

The Gulf’s AI boom is driving the race to control the data highways

The Gulf’s AI ambitions are spurring governments and telecom giants to invest in building out the cables, fiber networks and data centers that will determine who controls the region’s increasingly valuable flows of data.

Fortune · Aug 4

Status of US-Iran talks uncertain as ship struck in Strait of Hormuz

US-Iran war news: Confusion reigns as the United States and Iran send mixed messages about their negotiating status. President Trump insists discussions are progressing, while Iran firmly denies any ongoing dialogue. Furthermore, a recent attack on shipping in the strategic Strait of Hormuz highlights the vulnerabilities to energy transport. As…

The Economic Times · Aug 4

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Ships passing through key Gulf waterways amid uncertain peace talks

SINGAPORE - Shipping ⁠traffic ⁠at the key Gulf waterways of Bab el-Mandeb and Strait of Hormuz held largely unchanged at the ‌start of the week, shipping data showed, as the progress of talks between the United States and Iran remained ambiguous.

Bangkok Post · Aug 4

US-Iran war: Shipping traffic at key Gulf waterways little changed on uncertain peace talks

Gulf waterway traffic held steady as United States and Iran talks progressed ambiguously. Bab el-Mandeb strait saw unchanged vessel crossings, with most transponders active. Strait of Hormuz traffic slowed slightly, with entries exceeding exits via Iran. Houthi threats prompted Saudi supertankers to divert from the Gulf of Aden.

The Economic Times · Aug 4

Trump says new talks are Iran's 'last chance' to make deal before 'decapitation'

The US president insisted negotiations were underway despite Tehran's denials, saying Iran had a final opportunity to reach an agreement on the Strait of Hormuz and its nuclear programme before facing what he called "decapitation".

France 24 · Aug 3

Trump Backs Down From Yet Another Empty Threat to Iran

We’re locked in a cycle: The president threatens to resume the war, he claims Iran backed down, and then he gets frustrated with Iran again.

Reason · Aug 3

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Fresh US-Iran talks are ‘last chance’ for Tehran to avoid war escalating, Trump says

US president expects negotiations to begin in next day or two but Iran says it is not reviving talks with Washington

The Guardian - UK · Aug 3

First Thing: Trump promises new Iran talks as Tehran touts Hormuz shipping deal with Oman

US president says he called off another US attack on Iran as part of a push for an agreement. Plus why Pokémon Go is still bring global joy 10 years on

The Guardian - UK · Aug 3

Second tanker with Qatari LNG struck in Hormuz within a month as force majeure widens

The GasLog Shanghai was struck while leaving the Strait of Hormuz, weeks after the Al Rekayyat was hit in the same area. Italian utility Edison said QatarEnergy had extended force majeure on a further three cargoes, bringing the total affected to 24 shipments through September.

Euronews · Aug 3

Trump says deal will be made on Strait of Hormuz after calling off ‘WW2-level strikes’

IN FULL

The Independent UK · Aug 3

Recession risk if Strait of Hormuz stays closed until next year

IN FULL

The Independent UK · Aug 3

Iran-US war latest: Trump says Tehran has ‘last chance’ to make deal and Strait of Hormuz could open tomorrow

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

The Independent UK · Aug 3

Trump says Iran talks set for Monday as Tehran and Oman discuss strait of Hormuz deal

The US president did not provide details of where Monday meeting would take place or who would be involved

The Guardian - AU · Aug 3

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The Economic Times · Aug 3

Oil prices surge 20% in July as US-Iran war heightens Strait of Hormuz tensions

Oil prices saw volatility last week but are set for significant monthly gains. Escalating United States-Iran tensions and Houthi attacks are impacting global energy markets. Saudi Arabia is forming an alliance to protect Red Sea navigation from militant blockades. Concerns also persist regarding supply disruptions in the Black Sea region.…

The Economic Times · Aug 3

Trump says new Iran talks set to start on Monday after calling off massive attack

US Iran news: New negotiations between the US and Iran will begin Monday to end the ongoing war. Talks will focus on the Strait of Hormuz and Iran's denuclearization efforts. Oil prices dropped as the announcement of these new talks was made. Iran is nearing a deal with Oman over…

International Business Times · Aug 2

OPEC+ Agrees To Boost Oil Output. It May Not Reflect In Market Soon.

Export disruptions from the Gulf, Russia and Kazakhstan due to geopolitical conflicts meant that successive OPEC+ have remained largely on paper, causing little impact on the market. Major oil producers in the Gulf have not been able to increase exports due to the closure of Hormuz enforced by Iran.

The Economic Times · Aug 1

Hormuz oil shuttling trade is picking up again after lull

Producers are using their own vessels or fixed contracts to ensure oil delivery. This activity is crucial for global oil markets, which rely on Hormuz transits.

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The Guardian - UK · Jul 31

Iran strikes tankers under US escort in Hormuz strait as Trump gathers cabinet to discuss war

Energy prices have soared again since fighting between US and Iran resumed two weeks ago as conflict spreads across Middle East

The Independent UK · Jul 30

Gaza latest: Trump claims ‘historic’ deal reached with Hamas for complete disarmament

Senior Hamas official says the group will only disarm if Israel fulfils its commitments

Euronews · Jul 29

Houthis to copy Iran's Hormuz playbook with Red Sea toll plan

Yemen's information minister said intelligence confirmed IRGC advisers were directly involved in designing a Houthi-enforced toll system for the Bab el-Mandeb, mirroring Iran's contested claim to charge fees in the Strait of Hormuz.

The Economic Times · Jul 29

India's energy security at risk from Hormuz-Red Sea double squeeze, says CareEdge Ratings

India faces significant energy security risks from chokepoint disruptions. A dual closure could push Brent crude prices to $130-135 per barrel. This scenario threatens inflation and the Indian rupee's stability. Smaller businesses are particularly exposed to rising costs and liquidity stress. Global supply chains and India's trade balance would experience…

The Economic Times · Jul 29

Iran rules out Oman's proposal for regional joint management of Hormuz Strait, senior Iranian official tells Reuters

Iran has rejected Oman's proposal for joint management of the Strait of Hormuz. A senior Iranian official stated the plan has no chance of success. The official added that the US and Saudi Arabia are pressuring Oman. They are trying to advance their unrealistic plans for the strategic waterway. Tehran…

The Guardian - UK · Jul 29

Ships stuck in strait of Hormuz pose ‘super-spreader’ biodiversity threat, scientists warn

Biologists say cargo ships stranded in Gulf may carry highly potent invasive species around the world as trade resumes

The Independent UK · Jul 29

Iran-US war latest: Trump resumes ‘heavy waves of strikes’ on Iran after vowing to avenge surprise missile attack

Iran targeted US bases in Jordan and claims to have struck three tankers in Strait of Hormuz

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The Latest Breaking News from Hormuz

Could a UN-backed plan to reopen Hormuz break the deadlock?

The Gulf’s AI boom is driving the race to control the data highways

Status of US-Iran talks uncertain as ship struck in Strait of Hormuz

Ships passing through key Gulf waterways amid uncertain peace talks

US-Iran war: Shipping traffic at key Gulf waterways little changed on uncertain peace talks

Trump says new talks are Iran's 'last chance' to make deal before 'decapitation'

Trump Backs Down From Yet Another Empty Threat to Iran

Fresh US-Iran talks are ‘last chance’ for Tehran to avoid war escalating, Trump says

First Thing: Trump promises new Iran talks as Tehran touts Hormuz shipping deal with Oman

Second tanker with Qatari LNG struck in Hormuz within a month as force majeure widens

Trump says deal will be made on Strait of Hormuz after calling off ‘WW2-level strikes’

Recession risk if Strait of Hormuz stays closed until next year

Iran-US war latest: Trump says Tehran has ‘last chance’ to make deal and Strait of Hormuz could open tomorrow

Trump says Iran talks set for Monday as Tehran and Oman discuss strait of Hormuz deal

Oil prices surge 20% in July as US-Iran war heightens Strait of Hormuz tensions

Trump says new Iran talks set to start on Monday after calling off massive attack

OPEC+ Agrees To Boost Oil Output. It May Not Reflect In Market Soon.

Hormuz oil shuttling trade is picking up again after lull

Iran strikes tankers under US escort in Hormuz strait as Trump gathers cabinet to discuss war

Gaza latest: Trump claims ‘historic’ deal reached with Hamas for complete disarmament

Houthis to copy Iran's Hormuz playbook with Red Sea toll plan

India's energy security at risk from Hormuz-Red Sea double squeeze, says CareEdge Ratings

Iran rules out Oman's proposal for regional joint management of Hormuz Strait, senior Iranian official tells Reuters

Ships stuck in strait of Hormuz pose ‘super-spreader’ biodiversity threat, scientists warn

Iran-US war latest: Trump resumes ‘heavy waves of strikes’ on Iran after vowing to avenge surprise missile attack

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Could a UN-backed plan to reopen Hormuz break the deadlock?