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The Latest Breaking News from Hormuz

Iran-US war latest: Trump and Tehran agree to halt attacks after exchanging strikes over Strait of Hormuz

Iran and US to meet in Qatar to resume peace talks, according to reports

The Independent UK

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

US Secretary of State Marco Rubio said on Thursday Washington would not accept any Iran deal allowing Tehran to impose fees on shipping through the Strait of Hormuz, warning it would cause "total chaos". His remarks came after an attack on a vessel forced the United Nations to suspend mariner…

France 24

Crude Oil Prices Sharply Higher on Concerns of Reopening of Strait of Hormuz

August WTI crude oil (CLQ26 ) on Thursday closed up +1.58 (+2.25%), and August RBOB gasoline (RBQ26 ) closed up +0.1109 (+3.97%). Crude oil and gasoline prices erased early losses on Thursday and rallied sharply as short covering emerged on a report that an unknown projectile off the coast of...

Barchart

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Iran fired on cargo ship in Strait of Hormuz, say US officials

Iran fired on a cargo ship transiting the Strait of Hormuz on Thursday, according to two US officials cited by Reuters. The vessel had earlier reported being struck by a projectile near Oman's coast. The incident raises fresh concerns over maritime security and shipping traffic through the strategically vital waterway.

The Economic Times

Vessel hit by 'unknown projectile' in Hormuz Strait: Maritime agency

The UK Maritime Trade Operations (UKMTO) security agency reported that the incident occurred 7.5 nautical miles (14 kilometres) southeast of Dahit, in Oman's Musandam exclave.

The Economic Times

Iran rejects UN-backed plan to free ships trapped in strait of Hormuz

Blocking of proposal backed by Oman signals new threat to free passage through strait vital to world economy

The Guardian - UK

Strait of Hormuz traffic sees sharp uptick but not back to normal

Strait of Hormuz traffic has increased sharply, but remains at roughly half its peacetime level, officials said on Thursday as stranded sailors made their way out of the waterway. Tehran warned on Thursday against any crossings of the Strait of Hormuz without its authorisation, saying vessels not complying "will be…

The Economic Times

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Crude shipments through Hormuz at highest since war amid concerns over Iran exit demands

Crude shipments through the Strait of Hormuz have surged following a ceasefire deal, reaching their highest levels since the conflict began. While demand, particularly in Asia, is driving this increase, overall traffic remains a fraction of pre-war levels. Concerns persist about the waterway's long-term stability, even as a UN evacuation…

The Economic Times

Reopening of Strait of Hormuz to lower tail risk, but supply normalisation to be costly: S&P

S&P Global Ratings suggests reopening the Strait of Hormuz eases immediate risks for Asia Pacific, but expects uneven and costly supply normalisation. While a US-Iran MoU is constructive, unresolved issues persist. Delays in pre-conflict flows could keep energy and input costs elevated, impacting sectors like petrochemicals and agriculture, with South…

The Economic Times

Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz

Stock markets on both sides of Atlantic up as concerns ease over prospect of another inflationary shock

The Guardian - UK

Trump Draws Red Line: No Final Iran Agreement If Tehran Charges Shipping Fees

President Trump firmly opposes Iran's proposal to charge shipping fees in the Strait of Hormuz, emphasising free passage as a critical condition in ongoing negotiations

International Business Times UK

30 India-bound ships cross Strait of Hormuz since Iran war began, 26 more await transit

Thirty ships bound for India have successfully navigated the Strait of Hormuz, a crucial route disrupted by recent geopolitical tensions. An additional 26 vessels are awaiting passage. Among those that transited, a significant portion carried vital energy supplies like LPG and LNG, alongside bulk cargo and crude oil. This development…

The Economic Times

Israel says IDF is staying in southern Lebanon, undermining Iran peace talks

Defence minister says troops not withdrawing though Tehran sees end to war in Lebanon as part of deal with US

The Guardian - UK

Rubio reassures UAE, Kuwait as scepticism over Iran deal persists

US Secretary of State Marco Rubio assured Gulf allies of their security during a visit to the UAE and Kuwait, addressing skepticism over a proposed deal to end the U.S.-Iran war. The accord includes a $300 billion fund and sanctions waivers for Tehran. Rubio emphasized the U.S. commitment to regional…

The Economic Times

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The Economic Times

Trump gets trapped between 'rockets and feathers', squirms for exit

US President Donald Trump has ordered a Justice Department investigation into major oil companies, accusing them of keeping gasoline prices artificially high despite a recent fall in crude oil prices. The move reflects frustration that fuel prices have not dropped as quickly as he had promised after tensions with Iran…

Euronews

Tehran labels framework deal 'US defeat' as Trump threatens to halt talks

Iranian key negotiator hailed the US–Iran framework deal as a “declaration of US defeat,” while Trump warned that talks would end immediately if reports that Tehran is seeking to impose tolls on ships transiting the Strait of Hormuz prove to be true.

The Economic Times

UN starts evacuation of 11,000 seafarers stranded in Strait of Hormuz after ceasefire

A major evacuation plan is now underway for over 11,000 seafarers aboard hundreds of ships stranded in the Gulf. Following a ceasefire deal between Iran and the U.S., the UN's International Maritime Organization is coordinating the phased departure through the Strait of Hormuz. Safety guarantees have been secured, with temporary…

The Economic Times

Rubio says US will not accept Iranian tolls on Hormuz

US Secretary of State Marco Rubio firmly stated that Washington will not permit any tolls on the Strait of Hormuz, an international waterway. This comes as Iran and Oman announced they would study administration and costs for the route, asserting sovereignty. Meanwhile, the UN is set to evacuate over 11,000…

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The Independent UK

UN agency says plan underway to evacuate 11,000 stranded seafarers through the Strait of Hormuz

A U.N. agency says a plan is underway to evacuate 11,000 stranded seafarers through the Strait of Hormuz

The Times of India

'Nuclear inspection in Iran to be highest': Trump says blockade to resume if Iran goes back on deal

US President Donald Trump announced Iran has agreed to long-term nuclear facility monitoring and financial concessions, with Washington easing Strait of Hormuz shipping restrictions. Trump claimed this secures "Nuclear Honesty" and an open Strait, citing record oil flow. However, Iranian officials disputed the scope of nuclear inspections, stating previously targeted…

The Economic Times

Iran makes 'major concessions', agrees to long-term nuclear inspections, claims Trump

US President Donald Trump announced that Iran has agreed to the highest level of nuclear inspections indefinitely, ensuring "nuclear honesty." He stated this concession was crucial for future negotiations, implying a different path would have been taken otherwise. Trump also claimed credit for keeping the vital Hormuz Strait open due…

Newslaundry

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 constricted global oil supplies and fueled inflation, but questions surrounding control of the vital waterway and whether vessels will be charged tolls to cross it could…

Euronews

Iran and US make progress on Hormuz despite Trump's explosive threats

JD Vance said 18 hours of talks in Switzerland had "laid a very good foundation" after both sides agreed a mechanism to keep the Strait of Hormuz open and maintain Lebanon's ceasefire, even as Trump threatened to hit Iran "only harder".

International Business Times UK

Will Petrol Prices Rise Again in the UK? Strait of Hormuz Closure Could Hit Drivers Within Weeks

Iran's closure of the Strait of Hormuz could spike UK fuel prices and disrupt global energy markets. What this means for British drivers and how to mitigate rising costs?

The Guardian - UK

First Thing: Iran says there is ‘progress’ in talks despite Trump’s coarse threats

US president threatened Iran over strait of Hormuz in sweary outburst. Plus, Starmer to step down as UK’s PM two years after historic landslide

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