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The Latest Breaking News from Hormuz

US at odds with allies over how easy it is to reopen Hormuz

Global leaders are meeting to discuss the Strait of Hormuz. US President Donald Trump expects it to reopen soon. However, European allies are cautious. They need clarity on an interim agreement with Iran before committing to de-mining and patrols. The situation remains complex, with differing timelines and potential challenges ahead…

The Economic Times

The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year

“Our working assumption is that ~80% of energy flows will resume by the end of Q3, but a return to ‘normal’ could stretch into 2027.”

Fortune

Trump MOU-lds Iran deal to end war he started

President Trump's latest move has sparked intrigue as he proclaimed a "historic agreement" with Iran, featuring a memorandum to establish an interim ceasefire and a two-month negotiation window. This initiative aims to restore order in the critical Strait of Hormuz and cease hostilities.

The Times of India

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What’s in – and what’s not in – the US-Iran peace deal

Agreement contains no restrictions on Iran’s ballistic missiles, nor does it call for regime change or surrender

The Guardian - UK

Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens

Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles

The Guardian - UK

France, UK seek Hormuz deployment if U.S.-Iran ceasefire takes hold

France and Britain are proposing a multinational naval mission for the Strait of Hormuz. This plan aims to secure shipping routes should a ceasefire between the US and Iran occur. Several European nations are considering participation. The mission would focus on defensive tasks like escorting vessels and mine clearing. G7…

The Economic Times

France's Macron warns Iran against imposing Hormuz tolls

French President Emmanuel Macron on Monday warned Iran against imposing tolls on shipping through the Strait of Hormuz, saying "everything" should be done so fees are not charged for passage through the key bottleneck.

Radio France Internationale

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First Thing: US and Iran reach framework peace deal to end war

Trump says strait of Hormuz to reopen as part of imminent agreement

The Guardian - UK

Indian outrage over US killing of sailors mounts as leaders attend G7 summit

Relations at lowest ebb in years after Washington refuses to apologise for deaths in strait of Hormuz

The Guardian - UK

Europe Today: US and Iran strike framework deal as Trump heads to Europe for G7 summit

US President Donald Trump is set to join fellow G7 leaders in France in the wake of a framework agreement between Washington and Tehran designed to pave the way for peace and the reopening of the Strait of Hormuz.

Euronews

Fragile Iran deal offers oil relief, but Hormuz risks remain

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible. Tanker traffic may not fully return to pre-war levels soon. This situation will likely keep oil prices higher. Logistics will take time to…

The Economic Times

Trump news at a glance: Fate of the strait of Hormuz unclear as president claims ‘toll-free opening’

Trump says the oil will flow but state media reports out of Tehran suggest it could be under ‘Iranian arrangements’ ; UFC paying White House fighters in Trump crypto. Key US politics stories from Sunday 14 June at a glance

The Guardian - US

Tentative deal on ending the Iran war sends stocks soaring while oil prices fall

Shares have soared in Asia after a tentative deal was announced on ending the Iran war and reopening the Strait of Hormuz

AAP

Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce deal

A "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil imports. This normalization is expected to lower freight costs, ease inflationary pressures, and stabilize global energy markets, benefiting key sectors and policymakers.

The Economic Times

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The Guardian - AU

What do we know about the US-Iran peace deal – and what questions remain?

Access to the strait of Hormuz and the future of Iran’s nuclear program are among the issues that remain unclear amid a lack of detail on the agreement

The Economic Times

Nukes, crude sanctions & frozen assets: Inside the 14-point US-Iran peace agreement

A draft agreement between Iran and the United States has reportedly surfaced. This framework could unlock 24 billion dollars in frozen Iranian assets. Sanctions on Iran's energy sector may be eased. The Strait of Hormuz could reopen. Broader negotiations are expected to follow this initial understanding.

The Economic Times

Nirmala Sitharaman flags global risks, says PM Modi Govt ensuring supply stability amid crude, Hormuz pressures

Union Finance Minister Nirmala Sitharaman said India faces risks from crude prices, Middle East tensions and Strait of Hormuz disruptions, but Prime Minister Modi's government is ensuring there is "not a supply disruption" for households and the economy. She made the remarks at the Viksit Bharat event in Karnataka on…

The Guardian - AU

Pakistan PM says signing of agreement confirmed – as it happened

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The Guardian - US

Trump news at a glance: president claims Iran ‘no longer want a nuclear weapon’ amid peace deal hopes

Washington and Tehran express increasing optimism that weeks of halting negotiations may be drawing to a close – key US politics stories from Saturday 13 June at a glance

The Economic Times

US-Iran war nearing end? Donald Trump says Sunday deal would reopen Hormuz

US President Donald Trump announced a deal with Iran is set to be signed on Sunday. This agreement is expected to immediately reopen the Strait of Hormuz to all traffic. Pakistan, acting as a mediator, confirmed an agreement to end the conflict is closer than ever. Preparations are underway for…

The Economic Times

‘Comply with US forces in Hormuz immediately,’ Rubio tells Jaishankar amid row over Indian sailors

US Secretary of State Marco Rubio urged compliance with US forces in the Strait of Hormuz. This follows India's strong protest over US naval attacks in the Gulf. These attacks resulted in the deaths of three Indian mariners aboard a Palau-flagged tanker. India summoned the US Embassy's Charge d'Affaires to…

The Times of India

Trump blames Iran for attacking Indian ships amid New Delhi fury over US attack that killed three Indian sailors

TOI correspondent from Washington: US President Donald Trump on Friday implicated Iran in alleged drone attacks against Indian ships in the Strait of Hormuz amid growing anger in New Delhi over American missile strikes against vessels that killed three Indian sailors.

The Guardian - UK

Oil prices plummet as Trump claims he is close to US-Iran deal

Brent crude falls as optimism rises that strait of Hormuz could reopen over the weekend

The Guardian - UK

Has the US really carried out a secret mission to get oil through Hormuz?

Trump says hundreds of tankers have escaped Iran’s blockade. Data suggests shipments are increasing but many questions remain

The Economic Times

BPCL, HPCL, IOCL shares rally up to 4% as oil prices hit two-month low. What are experts saying?

Indian oil marketing stocks surged as crude oil prices dropped to a two-month low amid reports of a potential US-Iran peace deal. HPCL, IOCL, and BPCL shares gained significantly on Friday. Experts, however, caution that full oil market normalization could take years even if a deal is reached.

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